earnings
confidence high
sentiment negative
materiality 0.75
Clipper Realty Q2 net loss widens to $6.3M; AFFO drops to $3.8M; progress on 250 Livingston loan
Clipper Realty Inc.
- Q2 2026 revenue $38.6M vs $39.0M YoY; residential revenue up $3.1M to $32.2M, commercial down $3.6M to $6.4M.
- Net loss $6.3M vs $1.4M loss YoY; AFFO $3.8M vs $8.3M; dividend $0.095 per share declared.
- Residential leasing strong: new free-market leases 13% above prior, renewals 5% above; Prospect House fully leased.
- 250 Livingston office: NYC lease terminated Aug 2025; lender entered Consent and Cooperation Agreement to market/sell loan.
- Company ceased supporting property shortfall Nov 2025; lender reimbursing expenses; Company may bid on loan.