Clipper Realty Inc. ( (CLPR) ) has released its Q3 earnings. Here is a breakdown of the information Clipper Realty Inc. presented to its investors.
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Clipper Realty Inc., a real estate company specializing in multifamily residential and commercial properties in the New York metropolitan area, has released its third-quarter 2025 earnings report. The company has been actively managing its portfolio, including the lease-up of the new Prospect House property and the termination of a lease at 250 Livingston Street.
In the third quarter of 2025, Clipper Realty reported revenues of $37.7 million, a slight increase from the previous year. However, the company faced a net loss of $4.6 million compared to a $1.1 million loss in the same period last year. The decline in net operating income and adjusted funds from operations was attributed to the initial costs associated with the Prospect House and the loss of revenue from the terminated lease at 250 Livingston Street.
Despite the challenges, Clipper Realty’s residential properties maintained high occupancy and strong demand, with new leases and renewals seeing significant rent increases. The company is also focused on capital improvements at its Flatbush Gardens property and is actively seeking solutions for the vacated 250 Livingston Street property.
Looking ahead, Clipper Realty remains committed to optimizing its property portfolio and enhancing its financial performance. The management continues to focus on strategic developments and maintaining high occupancy rates across its properties.