What guidance did Clipper Realty's management provide for the next earnings period?

Did Clipper Realty beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Clipper Realty year over year?

What does Clipper Realty do and what are its main business segments?

What is the market's earnings forecast for Clipper Realty next quarter?

What is Clipper Realty's gross profit margin?

What factors drove the changes in Clipper Realty's revenue and profit?

What were the key takeaways from Clipper Realty’s earnings call?

- **Residential dominance**: 99%+ occupancy across all stabilized assets, with 13%+ rent increases.
- **Development progress**: Prospect House 78% leased at $85/sqft, on track for stabilization.
- **Office headwinds**: 250 Livingston St lease termination caused $4.0M revenue decline, $3.8M NOI loss.
- **Financial stability**: AFFO $1.7M, despite one-time costs; 89% debt fixed at 3.87%.

**【CEO Summary Section】**
- Residential properties achieved 99%+ occupancy across all stabilized assets, with new leases exceeding prior rates by 13%.
- Ground-up development at Prospect House (953 Dean St) is 78% leased at $85/sqft, on track for stabilization.
- Office property at 250 Livingston St terminated NYC lease, resulting in $4.0M revenue decline.

**【CFO Financial Commentary】**
- Q4 2025 Revenue: $37.1M (-2.4% YoY) due to lease termination, offset by 9% growth in residential segment.
- NOI: $20.7M (-8% YoY) driven by $3.8M NOI loss at 250 Livingston St.
- AFFO: $1.7M (-79% YoY) due to initial lease-up costs at Prospect House.
- Balance sheet: $30.8M unrestricted cash; 89% debt fixed at 3.87% avg rate.

**【Q&A Highlights】**
- No questions asked; management reaffirmed focus on residential lease-up and debt restructuring at 250 Livingston St.

Clipper Realty Inc. (CLPR) Q4 2025 Earnings Call Transcript

- **Residential Strength**: 99% occupancy, 14% rent increase in new leases, and $31.67/sq ft record rents at Clover Gardens.
- **Development Momentum**: 60% leased at Prospect House (pre-market $88/sq ft) and stabilized Pacific House.
- **Financial Performance**: Flat revenue ($37.7M), 5% NOI decline, 29% AFFO decline due to lease termination and development costs.
- **Dividend Stability**: $0.095/share dividend maintained, supported by strong cash flow from stabilized assets.

**【CEO Remarks】**
- Residential properties performing strongly with high rental demand, all-time high rents, and near-full occupancy. New leases in Q3 exceeded prior rents by 14%.
- Ground-up development at Prospect House (953 Dean Street) is 60% leased with pre-market rents of $88/sq ft. Pacific House (1010 Pacific Street) is stabilized and contributing to cash flow.
- Office properties at 250 and 141 Livingston Street are in negotiations to return to cash flow-positive status.

**【COO Remarks】**
- Overall residential portfolio at 99% occupancy with record rents. Tribeca House and Clover House achieving $105/sq ft and $95/sq ft new leases, respectively.
- Pacific House (mixed-use) at 97% occupancy with pre-market rents of $82/sq ft. Aspen and 250 Livingston properties showing 12% rent increases.
- Clover Gardens (rent-stabilized) saw 9% YoY rent increase to $31.67/sq ft. Collection rates remain strong at 95% overall, 92% for Clover Gardens.

**【CFO Financial Commentary】**
- Q3 2025 Results:
  - Revenue: $37.7M (flat vs. Q3 2024)
  - NOI: $20.8M (-$1M YoY)
  - AFFO: $5.6M (-$2.2M YoY)
- Key Drivers:
  - +$2.4M from residential portfolio growth
  - -$1.9M from termination of 250 Livingston lease
  - -$1M from sale of 10 West 65th Street
  - +$0.5M from Prospect House lease-up
- Balance Sheet: $26.1M unrestricted cash, 88% fixed-rate debt at 3.87% average rate.
- Dividend: $0.095/share, same as prior quarter.

**【Concluding Remarks】**
- Focus on full lease-up of Prospect House and finalizing office property negotiations.
- Maintaining disciplined capital allocation and operational efficiency.

Clipper Realty Inc.(CLPR)-20251114-2025 Q3 Earnings call transcript

- **Record Financial Performance**: Q2 revenue ($39M, +4.5% YoY), NOI ($22.1M, +5% YoY), and AFFO ($8.3M, +17% YoY) driven by residential demand.
- **Development Success**: Prospect House 33% leased at $88/sqft with $12M annual excess loan proceeds; Pacific House stabilized and cash-flow positive.
- **Strategic Sales**: Sold 10 West 65th Street for $45.5M, netting $13M after costs, due to regulatory constraints.
- **Leasing Strength**: New leases +14% YoY; key properties at near-full occupancy with record rents.
- **Financial Stability**: 88% fixed-rate debt at 3.87% average rate; $32M unrestricted cash and $28.8M restricted cash.

**【Management Opening Remarks】**
- Clipper Realty provided a forward-looking disclaimer and outlined non-GAAP financial measures (AFFO, adjusted EBITDA, NOI) for the call.
- Emphasized the importance of reconciling non-GAAP metrics with GAAP measures in their filings.

**【CEO Summary Section】**
- **Operational Highlights**: Near-record Q2 revenue ($39M, +4.5% YoY), record NOI ($22.1M, +5% YoY), and AFFO ($8.3M, +17% YoY) driven by strong residential demand.
- **Development Progress**: 
  - **Prospect House**: 953 Dean Street, Brooklyn (160K sqft, 240 units) 33% leased at $88/sqft, with $12M annual excess loan proceeds.
  - **Pacific House**: Stabilized and contributing to cash flow post-12-month operation.
- **Property Sales**: Sold 10 West 65th Street for $45.5M, netting $13M after debt and costs, due to regulatory constraints.
- **Leasing Performance**: New leases exceeded prior rents by 14% across the portfolio; Tribeca House, Clover House, and Aspen properties at near-full occupancy with record rents.
- **Flatbush Gardens**: 95% collection rate, $31.27/sqft average rent (+11% YoY), with $14M spent on capital improvements under Article 11 agreement.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: 
  - Residential: $29.1M (+$1.3M YoY) from strong leasing.
  - Commercial: $0.4M increase from retail leases at Tribeca House and Aspen.
- **Expense Management**: 
  - Property operating expenses up $1.5M YoY (primarily Flatbush Gardens labor costs).
  - Real estate taxes and insurance +$80K YoY, offset by $262K interest expense decline from debt repayment.
- **Balance Sheet**: 
  - $32M unrestricted cash, $28.8M restricted cash.
  - 88% fixed-rate debt at 3.87% average rate, 4.1-year duration.
- **Dividend Announcement**: $0.095/share, same as prior quarter, payable September 5.

**【Q&A Highlights】**
- No questions were asked during the session.


Clipper Realty Inc. (CLPR) Q2 2025 Earnings Call Transcript

- **Revenue Growth**: Q1 2025 revenue up 10.2% YoY to $39.4M, driven by 15%+ rent increases across all properties.
- **Development Momentum**: 953 Dean Street completed on time; Pacific House now stabilized post-12 months of operation.
- **Profitability**: AFFO up 36% YoY to $8M; 89% debt fixed at 3.87% avg rate provides rate stability.
- **Strategic Sales**: 10 West 65th Street sale expected to generate $12M net profit; Flatbush Gardens rents +15% YoY.
- **Dividend Stability**: $0.095/share dividend maintained, reflecting strong cash flow visibility.


**【CEO Operational Highlights】**
- **Record Q1 Revenue**: $39.4 million (+10.2% YoY), driven by 15%+ rent increases across the portfolio.
- **99% Portfolio Occupancy**: All properties near fully leased, with Flatbush Gardens collections >95% despite maintenance challenges.
- **Major Development Progress**: 953 Dean Street (240 units) completed on time/budget; leasing begins June 1st. Pacific House now stabilized post-12 months of operation.
- **Strategic Sales**: 10 West 65th Street sale expected to generate $12M net profit; 141 Livingston Street lease renewal finalized.

**【CFO Financial Breakdown】**
- **AFFO Growth**: $8 million (+36% YoY), driven by strong leasing and NOI margin expansion.
- **Expense Management**: 89% debt fixed at 3.87% avg rate; $18.2M excess proceeds from Dean Street refi for interest/working capital.
- **Impairment Charge**: $33.8M recorded on 10 West 65th Street due to NYC rent regulation constraints.
- **Dividend Stability**: $0.095/share dividend maintained, reflecting cash flow visibility.

**【Key Development Updates】**
- **953 Dean Street**: 70% free market, 30% affordable; 160k sqft residential, 19k sqft commercial. $160M refi at 5.75% rate.
- **Flatbush Gardens**: Rents +15% YoY to $30.8/ft²; $1.5M in additional operating expenses offset by tax abatement.
- **Pacific House**: 98% leased; free market rents $70/ft² vs. $65 prior. 30% affordable units meeting city requirements.

**【Q&A Highlights】**
- **141 Livingston Lease**: No tenant improvements required; renewal expected within 2 weeks.
- **Interest Rate Impact**: Higher rates driving demand for stable rental product; 4.1-year debt duration provides rate hedge.
- **Capital Allocation**: Proceeds from Dean Street refi prioritized for interest and working capital.


Clipper Realty (CLPR)-12 May 25-2025 Q1 Earnings call transcript

- **Revenue Growth**: Q4 2024 revenue up 9.1% YoY to $38M, driven by 7%+ rental increases across portfolio. 
- **Flatbush Gardens Turnaround**: New leases at $35/ft (+13% YoY), Section 610 reimbursements contributing $2.3M YTD. 
- **Development Momentum**: Pacific House fully leased at 7% cap rate; 953 Dean Street nearing completion. 
- **Financial Strength**: 91% fixed-rate debt at 3.87%, $19.9M cash on hand.

**【CEO Summary Section】**
- **Record Operating Results**: Q4 2024 revenue reached $38 million, up 9.1% YoY; NOI of $22.5 million (+12.5% YoY); AFFO of $8.1 million (+29% YoY). 
- **Residential Leasing Strength**: 
  - Portfolio-wide new leases exceeded prior rents by 7%, with Tribeca House ($90/ft) and Clover House ($94/ft) leading. 
  - Flatbush Gardens new leases at $35/ft (+13% YoY), average rents $30/ft (+13% YoY). 
- **Development Progress**: 
  - Pacific House fully leased, achieving 7% cap rate. 
  - 953 Dean Street nearing completion, targeting 2025 leasing. 
  - 250 Livingston Street seeking solutions post NYC vacate notice. 
- **Financial Resilience**: 91% fixed-rate debt at 3.87% average rate, 4.3-year duration. 

**【CFO Financial Commentary】**
- **Revenue Breakdown**: 
  - Residential: $28.2 million (+10.4% YoY) driven by Section 610 reimbursements ($1.1M Q4, $2.3M YTD). 
  - Commercial: Flat YoY. 
- **Expense Management**: 
  - Property operating expenses +$257K YoY (Flatbush Gardens wage requirements). 
  - Real estate taxes +$293K YoY (non-Flatbush properties). 
- **Balance Sheet**: $19.9M unrestricted cash, $18.2M restricted cash. Q4 dividend $0.095/share (unchanged). 
- **Collection Trends**: 
  - Portfolio-wide 97% collections. 
  - Flatbush Gardens 92% Q4 collections (vs. 96% pre-2024).

Actual											-0.02	-0.04	-0.1	-0.1	-0.11	-0.0933	-0.09	-0.16	-0.09	-0.08	-0.08	-0.1	-0.19	-0.1	-0.07	-0.09	-0.09	-0.06	-0.05	-0.05	-0.86	-0.07	-0.14	-0.3
Forecast											-0.01	-0.01	-0.13	0.01	-0.045	-0.05	-0.08	-0.07	-0.12	-0.05	-0.05	-0.05	-0.06	-0.05	0.04	0.06	0.06	0.09	0.11	0.14
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-100.00%	-300.00%	+23.08%	-1100.00%	-144.44%	-86.60%	-12.50%	-128.57%	+25.00%	-60.00%	-60.00%	-100.00%	-216.67%	-100.00%	-275.00%	-250.00%	-250.00%	-166.67%	-145.45%	-135.71%	0.00%	0.00%	0.00%	0.00%

Actual	--	--	--	--	--	--	--	--	--	--	30.89M	30.73M	29.61M	30.34M	30.65M	30.67M	30.63M	30.78M	32.05M	31.89M	32.80M	33.01M	33.67M	34.54M	35.13M	34.87M	35.76M	37.35M	37.62M	38.05M	39.40M	39.04M	37.70M	37.07M
Forecast	--	--	--	--	--	--	--	--	--	--	31.03M	30.61M	30.69M	30.80M	31.00M	31.16M	30.97M	31.52M	31.36M	32.51M	32.44M	34.12M	35.37M	35.16M	36.72M	37.28M	36.00M	37.30M	38.00M	38.70M	--	--	--	--
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.45%	+0.39%	-3.51%	-1.50%	-1.13%	-1.58%	-1.11%	-2.37%	+2.19%	-1.91%	+1.10%	-3.26%	-4.82%	-1.75%	-4.35%	-6.48%	-0.67%	+0.12%	-0.99%	-1.69%	0.00%	0.00%	0.00%	0.00%

CLPR

CLPR fundamentals

CLPR Q4 2025 Earnings

Earnings Call

You can ask Aime

CLPR

CLPR fundamentals

CLPR Q4 2025 Earnings

Earnings Call

CLPR Earnings Call Summary for Q4/20255:00 PM on Feb 26, 2026

CLPR Earnings Call Summary for Q3/20255:00 PM on Nov 13, 2025

CLPR Earnings Call Summary for Q2/20255:30 PM on Aug 7, 2025

CLPR Earnings Call Summary for Q1/20255:00 PM on May 12, 2025

CLPR Earnings Call Summary for Q4/20245:00 PM on Feb 18, 2025

You can ask Aime