Clipper Realty Q4 2025 Earnings Call Highlights: Navigating Lease Terminations and Prospects for the Future

Clipper Realty Inc's Q4 2025 earnings call highlights a decrease in revenue, NOI, and AFFO due to the termination of the NYC lease at 250 Livingston Street. Despite this, residential properties revenue increased by 9%, and occupancy rates are at 99%. New leases exceeded prior rents by 13%, and Prospect House is 78% leased. The company has $30.8 million in unrestricted cash and $27.3 million in restricted cash, with an operating debt of 89% fixed at an average rate of 3.87%.