CLPR Stock Recent News

The mean of analysts' price targets for Clipper Realty Inc. (CLPR) points to a 63.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Clipper Realty is a serial developer of apartments in NYC, whose liquidity is only and entirely their holdings of cash. Their business model relies on raising new cash by refinancing properties.

Clipper Realty, Inc. (NYSE:CLPR ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Larry Kreider – Chief Financial Officer David Bistricer – Co-Chairman of the Board and Chief Executive Officer J.J. Bistricer – Chief Operating Officer Conference Call Participants Buck Horne – Raymond James Operator Good day, ladies and gentlemen, and welcome to the Clipper Realty First Quarter 2023 Earnings Call.

Clipper Realty Inc. (CLPR) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.

Clipper Realty is the cheapest multi-family REIT among a group of 21 peers. The last time Clipper Realty was this cheap was during the COVID sell-off when its future was much less certain.

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 March 31, 2023, after the market closes on Thursday, May 4, 2023. 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.

Clipper Realty, Inc. (NYSE:CLPR ) Q4 2022 Earnings Conference Call March 16, 2023 5:00 PM ET Company Participants Lawrence Kreider - CFO & Secretary David Bistricer - Co-Chairman & CEO Jacob Bistricer - COO Conference Call Participants Operator Good day, ladies and gentlemen, and welcome to the Clipper Realty Fourth Quarter 2022 Earnings Call. [Operator Instructions].

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, 2022, after the market closes on Thursday, March 16, 2023. 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.

CLPR is a unique REIT with targeted exposure to New York City multi-family and office real estate. The completion of its newest development at 1010 Pacific Street will drive topline growth in 2023 and help strengthen financial metrics.

Clipper shares have fallen 23% year-to-date and shares now yield over 4%. Clipper year-to-date results have lagged other multifamily REITs despite sharp increases in rental rates in NYC.