Source-grounded facts extracted from Clipper Realty Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Clipper Realty Inc. shareholders approved Approval (on non-binding, advisory basis) of the compensation of the Company's named executive officers at the 2026-06-17 meeting.
“Proposal 3 : The approval (on non-binding, advisory basis) of the compensation of the Company's named executive officers. For Against Abstain 30,337,150 539,500 23,926”
Clipper Realty Inc. shareholders approved Ratification of the appointment of PKF O’Connor Davies, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-06-17 meeting.
“Proposal 2 : The ratification of the appointment of PKF O’Connor Davies, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2026. For Against Abstain 35,636,092 29,649 7,976”
Clipper Realty Inc. shareholders approved Election of the seven director nominees named in the Proxy Statement at the 2026-06-17 meeting.
“Proposal 1 : The election of the seven director nominees named in the Proxy Statement.”
Clipper Realty Inc. reported the three months ended March 31, 2026 results: revenue $38.1 million, net income net loss of $11.1 million.
“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.”
Clipper Realty Inc. amended Loan Modification Agreement with Wells Fargo Bank, National Association, as trustee for the benefit of the registered holders of certain commercial mortgage pass-through certificates related to the Loan valued at approximately $2.2 million (effective 2025-12-30).
“On December 24, 2025, the Borrower, the Operating Partnership, and the Company entered into the Loan Modification Agreement (the “Agreement”) with Wells Fargo Bank, National Association, as trustee for the benefit of the registered holders of certain commercial mortgage pass-through certificates related to the Loan (collectively, the “Lender”), to settle the ongoing litigation between the Lender, the Borrower, the Company and the Operating Partnership. The Agreement became effective on December 30, 2025. Pursuant to the Agreement, the Borrower provided a $10 million renewal tenant reserve account letter of credit and paid fees of approximately $2.2 million to the special servicer and to counsel to the Lender, the Lender waived its claimed late charges and default interest, agreed to dismiss with prejudice the pending foreclosure actions, and approved the previously submitted five-year lease extension with the Property’s New York City tenant effective December 28, 2025.”
Clipper Realty Inc. amended loan with Wells Fargo Bank, National Association, as trustee.
“On December 24, 2025, the Borrower, the Operating Partnership, and the Company entered into the Loan Modification Agreement (the “Agreement”) with Wells Fargo Bank, National Association, as trustee for the benefit of the registered holders of certain commercial mortgage pass-through certificates related to the Loan (collectively, the “Lender”), to settle the ongoing litigation between the Lender, the Borrower, the Company and the Operating Partnership. The Agreement became effective on December 30, 2025.”
Clipper Realty Inc. faced acceleration on loan of $125.0 million with Wilmington Trust, NA, as trustee for the holders of GSMS 2019-GC40 Mortgage Trust Commercial Pass-Through Certificates at 3.63% maturing June 6, 2029.
““Company”), entered into the Loan Agreement, dated as of May 31, 2019 (the “Loan Agreement”), with Citi Real Estate Funding Inc., related to a loan in the principal amount of $125.0 million (the “Loan”). The Loan is evidenced by certain promissory notes (the “Notes”) and secured by the Company’s 250 Livingston Street property in Brooklyn, New York (the “Property”).”
Clipper Realty Inc. incurred credit facility of $84.5 million with Citi Real Estate Funding Inc., a New York corporation, and Morgan Stanley Bank, N.A., a national banking association at 5.73% rate per annum maturing October 6, 2030.
“The Loan Agreement provides for the $84.5 million loan to 1010 Pacific (the “Loan”). The Loan has a maturity date of October 6, 2030 and bears interest at a 5.73% rate per annum.”
Clipper Realty Inc. completed a disposition involving 10 West 65, LLC for gross proceeds of $45.5 million less approximately $1.9 million in closing costs (closed 2025-05-30).
“On May 30, 2025, the Company completed the sale of the Property (the “Sale Transaction”) pursuant to the Purchase and Sale Agreement (the “Agreement”) with 10 West 65, LLC, a limited liability company not affiliated with the Company (“Purchaser”) dated as of April 2, 2025 (the “Effective Date”) for gross proceeds of $45.5 million less approximately $1.9 million in closing costs.”
Clipper Realty Inc. incurred credit facility of $45 million with MF1 Capital LLC at 2.65% rate, plus 1-Month CME Term SOFR (with a floor of 2.25%) maturing initial May 2027 maturity date, with three one-year extensions available upon meeting the applicable extension conditions.
“(the “Company”), entered into the Multifamily Loan and Security Agreement (the “Loan Agreement”) with MF1 Capital LLC, a Delaware limited liability company (“MF1 Capital”), dated as of May 2, 2025.”
Clipper Realty Inc. incurred credit facility of $115 million with MF1 Capital LLC at 2.65% rate, plus 1-Month CME Term SOFR (with a floor of 2.25%) maturing initial May 2027 maturity date, with three one-year extensions available upon meeting the applicable extension conditions.
“(the “Company”), entered into the Multifamily Loan and Security Agreement (the “Loan Agreement”) with MF1 Capital LLC, a Delaware limited liability company (“MF1 Capital”), dated as of May 2, 2025.”
Clipper Realty Inc. announced a impairment with charges of from approximately $32.0 million to approximately $34.0 million affecting the Property (10 West 65th Street, New York).
“The Company currently estimates that the range of such impairment charges for Investment in Real Estate assets could be from approximately $32.0 million to approximately $34.0 million.”
Clipper Realty Inc. reported the three months ended March 31, 2024 results: revenue $35.8 million, net income net loss of $2.7 million, EPS $0.09 per share.
“today announced financial and operating results for the three months ended March 31, 2024. Highlights for the Three Months Ended March 31, 2024 ● Record quarterly revenues of $35.8 million for the first quarter of 2024 ● Quarterly income from operations of $9.1 million for the first quarter of 2024 ● Record net operating income (“NOI”) 1 of $20.2 million for the”
Clipper Realty Inc. reported three months ended December 31, 2023 results: revenue $34.9 million, net income net loss of $2.9 million, EPS $0.09 per share.
“today announced financial and operating results for the three months ended December 31, 2023. Highlights for the Three Months Ended December 31, 2023 ● Quarterly revenues of $34.9 million for the fourth quarter of 2023 ● Quarterly income from operations of $9.0 million for the fourth quarter of 2023 ● Net operating income (“NOI”) 1 of $20.0 million for the fourth”
Clipper Realty Inc. terminated Lease with The City of New York valued at $15.4 million per annum (effective 2025-08-23).
“Clipper Realty Inc, (the “Company”), through its subsidiary 250 Livingston Owner LLC (“250 Livingston Owner”), leases to The City of New York, a municipal corporation acting through the Department of Citywide Administrative Services (“NYC”), 342,496 square feet of office space located at 240-250 Livingston Street, Brooklyn, NY (the “Building”), pursuant to a lease agreement dated as of May 8, 2019 (the “Lease”).”
Clipper Realty Inc. reported three months ended September 30, 2023 results: revenue $35.1 million, net income net loss of $2.3 million, EPS $0.07 per share.
“Financial Results For the third quarter of 2023, revenues increased by $2.3 million, or 7.1%, to $35.1 million and $1.2 million, or 3.5% excluding revenue from Pacific House. This compares to revenue of $32.8 million during the third quarter of 2022. Residential revenue increased by $2.4 million, or 10.4%, and $1.2 million, or 5.3% excluding revenue from Pacific House in the third quarter of 2023 driven by higher rental rates at all our residential properties. Commercial income decreased $0.2 million, or 0.8%, in the third quarter of 2023 due to a small number of commercial leases that expired during 2023. For the third quarter of 2023, net loss was $2.3 million, or $0.07 per share or $1.6 million, or $0.03 per share excluding the net loss attributable to Pacific House operations, compared to net loss of $2.8 million, or $0.08 per share, for the third quarter of 2022.”
Clipper Realty Inc. incurred revolving credit of $5 million corporate line of credit with Valley National Bank at Prime + 1.5%.
“a $5 million corporate line of credit with Valley National Bank. The line of credit bears interest of Prime + 1.5%”
Clipper Realty Inc. incurred loan of up to $8 million with BADF 953 Dean Street Lender LLC at 1-Month Term SOFR plus 10%, with an all-in floor of 13% maturing 30-month term.
“a Mezzanine Loan (combined “Construction Loans”) that permits borrowings up to $8 million with BADF 953 Dean Street Lender LLC”
Clipper Realty Inc. incurred credit facility of up to $115 million with Valley National Bank at 1-Month Term SOFR plus 3.75%, with an all-in floor of 5.50% maturing 30-month term.
“senior construction loan (“Senior Loan”) that permits borrowings up to $115 million with Valley National Bank”
Clipper Realty Inc. entered into a credit facility with Valley National Bank valued at $5 million (effective 2023-08-10).
“(the “Company”) refinanced its $37 million mortgage on its Dean Street development with a senior construction loan (“Senior Loan”) that permits borrowings up to $115 million with Valley National Bank and a Mezzanine Loan (combined “Construction Loans”) that permits borrowings up to $8 million with BADF 953 Dean Street Lender LLC.”
Clipper Realty Inc. entered into Mezzanine Loan with BADF 953 Dean Street Lender LLC valued at up to $8 million (effective 2023-08-10).
“a Mezzanine Loan (combined “Construction Loans”) that permits borrowings up to $8 million with BADF 953 Dean Street Lender LLC”
Clipper Realty Inc. entered into Senior Loan with Valley National Bank valued at up to $115 million (effective 2023-08-10).
“On August 10, 2023, Clipper Realty Inc. (the “Company”) refinanced its $37 million mortgage on its Dean Street development with a senior construction loan (“Senior Loan”) that permits borrowings up to $115 million with Valley National Bank”
Clipper Realty Inc. reported the three months ended June 30, 2023 results: revenue $34.5 million, net income ($3.3 million), EPS $0.10 per share.
“Highlights for the Three Months Ended June 30, 2023 ● Record quarterly revenues of $34.5 million”
Clipper Realty Inc. entered into regulatory agreement with New York City Department of Housing Preservation and Development ("HPD") valued at $7.4 million (effective 2023-06-29).
“On June 29, 2023 Clipper Realty Inc. (the “Company”), entered into a 40-year regulatory agreement between its 2,500-unit Flatbush Gardens property and the New York City Department of Housing Preservation and Development (“HPD”) under Article XI of the Private Housing Finance Law.”
Clipper Realty Inc. shareholders approved Advisory (non-binding) vote on the frequency of holding future advisory votes on the compensation of our named executive officers. at the 2023-06-15 meeting.
“Proposal 4 : Advisory (non-binding) vote on the frequency of holding future advisory votes on the compensation of our named executive officers. The Board has accepted the recommendation of the shareholders and will hold future advisory votes every three years. 1 year 2 years 3 years Abstain 5,533,838 4,519 29,718,354 17,626”
Clipper Realty Inc. shareholders approved Advisory (non-binding) vote on the compensation of our named executive officers. at the 2023-06-15 meeting.
“Proposal 3 : Advisory (non-binding) vote on the compensation of our named executive officers. For Against Abstain Broker Non-Votes 34,002,074 1,255,498 16,765 3,988,460”
Clipper Realty Inc. shareholders approved Ratification of the appointment of PKF O’Connor Davies, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-06-15 meeting.
“Proposal 2 : The ratification of the appointment of PKF O’Connor Davies, LLP, as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. For Against Abstain 39,109,491 121,996 31,310”
Clipper Realty Inc. shareholders approved Election of the seven director nominees named in the Proxy Statement. at the 2023-06-15 meeting.
“Proposal 1 : The election of the seven director nominees named in the Proxy Statement. Director Nominee For Withheld Broker Non-Votes David Bistricer 33,911,584 1,362,753 3,988,460 Sam Levinson 33,685,235 1,589,102 3,988,460 Howard M. Lorber 30,079,052 5,195,285 3,988,460 Robert J. Ivanhoe 30,080,891 5,193,446 3,988,460 Roberto A. Verrone 33,691,508 1,582,829 3,988,460 Harmon S. Spolan 31,553,357 3,720,980 3,988,460 Richard N. Burger 34,209,526 1,064,811 3,988,460”
Clipper Realty Inc. reported three months ended March 31, 2023 results: revenue $33.7 million, net income $7.1 million, EPS $0.19 per share.
“Financial Results For the first quarter of 2023, revenues increased by $1.6 million, or 5.0%, to $33.7 million and $2.7 million, or 8.8% excluding a net $1.1 million recovery of a bad debt reserve at a commercial tenant in the first quarter of 2022. This compares to revenue of $32.1 million or $31.0 million, excluding this one-time bad debt recovery where we reached an agreement with a commercial tenant whose arrears were included in bad debt under the new accounting standard first implemented on January 1, 2022. Residential revenue increased by $2.5 million, or 11.5%, driven by higher rental rates and occupancy at all our residential properties. Commercial income decreased $0.9 million as reported, or 8.1%, but increased by $0.2 million, or 2.5%, excluding the one-time recovery of a bad debt reserve. The adjusted increase was due to new commercial leases signed during 2022. For the first quarter of 2023, net loss was $7.1 million, or $0.19 per share compared to net loss of $3.5 millio”
Clipper Realty Inc. reported the three months ended December 31, 2022 results: revenue $33.0 million, net income net loss of $3.4 million, EPS $0.10 per share.
“announced financial and operating results for the three months ended December 31, 2022. Highlights for the Three Months Ended December 31, 2022 ● Record quarterly revenues of $33.0 million for the fourth quarter of 2022 ● Quarterly income from operations of $6.8 million for the fourth quarter of 2022 ● Net operating income (“NOI”) 1 of $17.1 million for the fourth”
Clipper Realty Inc. reported financial results for the three months ended September 30, 2022.
“On November 9, 2022, Clipper Realty Inc. issued a press release announcing its financial results for the quarterly period ended September 30, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.