CLPR Stock Recent News

Clipper Realty Inc. (NYSE:CLPR ) Q4 2024 Earnings Conference Call February 18, 2025 5:00 PM ET Company Participants Lawrence Sava - Corporate Controller David Bistricer - Co-Chairman and CEO Jacob Bistricer - COO Lawrence Kreider - CFO Conference Call Participants Operator Good day, and welcome to the Clipper Realty Quarterly Earnings Call. At this time, all participants have been placed on a listen-only mode and the floor will be opened for questions and comments after the presentation.

Clipper Realty's 9.3% dividend yield is significantly elevated due to a broad REIT pullback, presenting a strong buy opportunity with robust revenue growth and record FFO. The REIT's fiscal 2024 fourth-quarter revenue rose 9.1% year-over-year, driven by positive leasing spreads, with FFO providing substantial 200% coverage on dividend payments. CLPR's current yield is excessively high compared to its financial health, suggesting a fair price of at least $6 per share.

Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.19 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to FFO of $0.15 per share a year ago.

NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR) (the “Company”), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended December 31, 2024. Highlights for the Three Months Ended December 31, 2024 Record quarterly revenues of $38.0 million for the fourth quarter of 2024 Quarterly income from operations of $10.7 million for the fourth quarter of 2024.

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 December 31, 2024, after the market closes on Friday, February 14, 2025. The Company will host a conference call on Tuesday, February 18, at 5:00 PM (ET) to discuss the financial results and provide a business update. The conference ca.

Clipper Realty gets a hold rating as its low share price and undervaluation is overcome by negative equity, a limited portfolio, and lacking a proven profitability lately. Macro factors like rental housing demand growth in the NYC market could be in its favor. Although the dividend yield is past 9%, there is no proven dividend growth. However, the firm's positive cashflow could provide sustainability.

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 September 30, 2024, after the market closes on Thursday, October 31, 2024. The Company will host a conference call that same day at 5:00 PM (ET) to discuss the financial results and provide a business update. The conference call can be.

Clipper Realty (CLPR) could produce exceptional returns because of its solid growth attributes.

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 (CLPR) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might help the stock continue moving higher in the near term.