Clipper Realty Q1 2026: residential revenue up 9.3%, net loss narrows to $11.1M

Clipper Realty Inc.

2026-Q1 EPS reported -$0.30 revenue$38,115,000

Revenue $38.1M, down 3.3% YoY; residential $31.9M (+9.3%), commercial $6.2M (down from $10.2M).
Net loss $11.1M vs $35.1M; income from ops $4.4M vs loss $23.6M (prior year included $33.8M impairment).
AFFO fell to $2.3M from $8.0M; NOI $20.0M vs $21.8M.
Prospect House residential property fully leased at quarter end; 250 Livingston lender issues ongoing.
Declared $0.095 per share dividend for Q1 2026, unchanged from prior quarter.

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