earnings
confidence high
sentiment neutral
materiality 0.55
Clipper Realty Q2 2025 revenue up 5% to $39M; AFFO record $8.3M, up 18%
Clipper Realty Inc.
- Quarterly revenues $39.0M (+5% YoY); record NOI $22.1M (+5%); AFFO $8.3M (+18%).
- Net loss $1.4M ($0.07/shr) includes $0.7M impairment from sale of 10W 65th St; 2024 loss $1.7M.
- Declared Q2 dividend $0.095/share; new leases up ~14% over prior rents, renewals up >6%.
- Sold 10W 65th St generating ~$13M cash; Dean Street completed construction, leasing begun, bridge financing.
- 250 Livingston St NYC vacating later in month; 141 Livingston St lease renewal with NYC pending lender consent.
item 2.02item 9.01