Clipper Realty Q1 revenue up 10% to $39.4M; net loss $35.1M includes $33.8M impairment

Clipper Realty Inc.

2026-Q1 EPS reported -$0.86 revenue$39,398,000

Record revenue $39.4M (+10% YoY); NOI $21.8M (+8%); residential revenue +11.8%.
Net loss $35.1M ($0.86/sh) includes $33.8M impairment on 10 West 65th St held for sale; ex-impairment loss $1.3M ($0.03/sh).
AFFO $8.0M ($0.19/sh), up 36% YoY; dividend declared $0.095/sh.
10 West 65th St under contract for $45.5M; close expected June 2025 generating ~$12M cash; bridge financing for Dean Street completed.
250 Livingston St: NYC notification to vacate Aug 2025; 141 Livingston St new 5-year lease with NYC.

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