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REITs are often bought for their high dividend yields. But look out for dividend traps. Not all of them are sustainable. I highlight several pending REIT dividend disasters.
Clipper Realty is paying out a $0.095 per share quarterly dividend for a 9.5% dividend yield from a portfolio of New York multifamily properties. The 9.5% dividend yield is secure, supported by adjusted funds from operations of $0.20 generated during the recent second quarter. A possible NYC-wide rent freeze and the vacate at 250 Livingston present near-term risks. The extent of coverage and the stabilization of Prospect House provide a hedge.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Clipper Realty Inc. (NYSE:CLPR ) Q2 2025 Earnings Conference Call August 7, 2025 5:30 PM ET Company Participants Jacob Joseph Bistricer - Chief Operating Officer Lawrence E. Kreider - CFO & Secretary Lawrence Sava - Corporate Participant Operator Good day, and welcome to the Clipper Realty Q2 Earnings Conference Call.
Clipper Realty (CLPR) Q2 NOI Hits Record
Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.2 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to FFO of $0.17 per share a year ago.
NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR) (the “Company”), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced that it will release financial results for the quarter ended June 30, 2025, after the market closes on Thursday, August 7, 2025. The Company will host a conference call that same day at 5:30 PM (ET) to discuss the financial results and provide a business update. The conference call can be access.
Some REITs are truly exceptional. They offer a path of above-average returns with below-average risk. I present 2 such rare opportunities that most investors should own.
Clipper Realty trades at a depressed valuation, offering an 9% yield and significant upside if AFFO growth continues and 250 Livingston is resolved. AFFO is growing rapidly due to high occupancy and rental growth, but the loss of 250 Livingston's tenant poses a material risk to future cash flow. Debt is high but manageable, with near-term refinancing likely to lower interest costs; long-term maturities reduce immediate risk.
CLPR, SVM, VZLA, ARMN and CICOY have been added to the Zacks Rank #1 (Strong Buy) List on July 18, 2025.