The earnings call highlighted significant achievements including record revenues, strong leasing performance, and successful development projects. Despite an impairment charge and increased operating expenses, the positive aspects, such as high occupancy rates and strategic refinancing, outweigh the challenges.

Company Guidance -

Q1 2025

During the Clipper Realty Q1 2025 earnings call, the company reported record financial performance, including a 10.2% increase in quarterly revenue to $39.4 million, excellent net operating income (NOI) of $21.8 million, an 8% increase, and adjusted funds from operations (AFFO) of $8 million, reflecting a 36% increase, all driven by high rental demand. Residential leasing was robust with properties 99% occupied, and new lease rents exceeded previous rents by over 15%, while renewals were up 8%. The company also highlighted the completion of a new development at 953 Dean Street, Brooklyn, which will begin leasing in June, and the sale of 10 West 65th Street for $45.5 million, expected to close in the second quarter. Clipper Realty successfully refinanced a construction loan at the Dean Street property for $160 million, providing $18.2 million for interest and operating expenses. The company remains optimistic about continued strong performance throughout 2025.

Record Revenue and Residential Rents

The company reported a record quarterly revenue of $39.4 million, a 10.2% increase over last year, and record residential rents driven by high rental demand.

Strong Leasing Performance

Residential leasing at all properties is very strong with 99% occupancy and rents at record levels. New leases exceeded prior rents by over 15% across the entire portfolio.

Successful Development Projects

Construction on 953 Dean Street is substantially complete on time and on budget, with leasing set to commence June 1st. Pacific House at 1010 Pacific Street is stabilized and contributing to cash flow.

Refinancing and Sale Agreements

The company refinanced the construction loan at 953 Dean Street with a new $160 million loan. Additionally, a contract to sell 10 West 65th Street for $45.5 million is expected to generate approximately $12 million.

Improved Financial Metrics

NOI increased by 8% to $21.8 million, and AFFO increased by 36% to $8 million, driven by strong leasing performance.

Clipper Realty (CLPR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CLPR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 12, 2025	2025 (Q2)	- / -	-0.06	―	―	―
May 12, 2025	2025 (Q1)	- / -0.86	-0.09	-855.56% (-0.77)	―
Feb 14, 2025	2024 (Q4)	- / -0.05	-0.09	44.44% (+0.04)	―	―
Oct 31, 2024	2024 (Q3)	- / -0.05	-0.07	28.57% (+0.02)	―
Aug 01, 2024	2024 (Q2)	- / -0.06	-0.1	40.00% (+0.04)	―
May 07, 2024	2024 (Q1)	- / -0.09	-0.19	52.63% (+0.10)	―
Mar 14, 2024	2023 (Q4)	- / -0.09	-0.1	10.00% (+0.01)	―
Nov 02, 2023	2023 (Q3)	0.04 / -0.07	-0.08	12.50% (<+0.01)	―
Aug 03, 2023	2023 (Q2)	-0.05 / -0.10	-0.08	-25.00% (-0.02)	―
May 04, 2023	2023 (Q1)	-0.06 / -0.19	-0.09	-111.11% (-0.10)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CLPR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 12, 2025	$4.04	$4.06	+0.50%
Feb 14, 2025	$3.88	$4.36	+12.37%
Oct 31, 2024	$6.17	$5.53	-10.37%
Aug 01, 2024	$3.47	$3.99	+14.99%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Clipper Realty Inc (CLPR) report earnings?

Clipper Realty Inc (CLPR) is schdueled to report earning on Aug 12, 2025, After Close (Confirmed).

What is Clipper Realty Inc (CLPR) earnings time?

Clipper Realty Inc (CLPR) earnings time is at Aug 12, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is CLPR EPS forecast?

Currently, no data Available

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