Clipper Realty Q4 2024 revenue $38.0M, net loss narrows to $1.1M, AFFO record $8.1M

Clipper Realty Inc.

Q4 2024 revenue $38.0M (+9.1% YoY); net loss $1.1M ($0.05/share) vs $2.9M loss YoY.
Record AFFO $8.1M ($0.19/share) vs $6.3M ($0.15) YoY; NOI $22.5M record.
Residential revenue up 11.6%; new leases 10% above prior, renewals ~6% above.
Dividend $0.095/share declared for Q4 2024; unchanged from prior quarter.
Marketing properties including 10W 65th St for potential sale; Dean Street development on track for early 2025 completion.

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