secwatch.observer — SEC 8-K summary
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Issuer:     Clipper Realty Inc. (CLPR)
CIK:        0001649096
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001437749-25-016114
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649096/000143774925016114/0001437749-25-016114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649096/000143774925016114/clpr20250512_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-016114

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