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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Clipper Realty Inc. reported the three months ended March 31, 2026 results: revenue $38.1 million, net income net loss of $11.1 million.

Period: the three months ended March 31, 2026
Revenue: $38.1 million
Net income: net loss of $11.1 million
Result: reported results

Exact text from the filing

Quarterly revenues of $38.1 million for the first quarter of 2026 vs $39.4 million for the first quarter of 2025, including quarterly residential revenues of $31.9 million for the first quarter of 2026 vs $29.2 million for the first quarter of 2025, an increase of $2.7 million, or 9.3% and quarterly commercial revenues for the first quarter of 2026 of $6.2 million vs $10.2 million for the first quarter of 2025, a decrease of $4.0 million.

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Source: SEC EDGAR

accession 0001437749-26-017039

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