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Clipper Realty Inc (CLPR)
NYSE:CLPR
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.86Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call conveyed strong operational performance in the residential business—high occupancy, record rents, high collection rates, and progress on the Prospect House development—supported by solid liquidity and a largely fixed-rate debt profile. However, these positives were substantially offset by a significant decline in AFFO and consolidated NOI and revenues driven mainly by the termination of the New York City lease at 250 Livingston, cessation of certain payments and an uncertain debt restructuring, plus near-term drag from Prospect House lease-up. Given the material deterioration in AFFO and the unresolved office-asset issues, the negatives meaningfully outweigh the positives.Company Guidance
Strong Residential Leasing and Rent Growth
Residential properties performing very well: new leases exceeded prior rents by nearly 13% in Q4; renewals were up ~7%. Stabilized residential portfolio is ~99% leased overall with rents at all-time highs.
High Rent Collections
Fourth quarter residential rent collection rate approximately 98% across the portfolio (including Flatbush Gardens), indicating strong cash flow and tenant payment performance.
Successful Prospect House Initial Lease-Up and Development Execution
Prospect House (953 Dean Street) brought online on time and on budget in August; currently ~78% leased at free-market rents of about $85 per foot. Project details: 240 units, ~160,000 rentable residential sq ft, 70% free market / 30% affordable, 57 parking spaces and ~19,000 commercial sq ft. Bridge loan replaced last quarter.
Notable Property-Level Performance
Key stabilized property metrics: Tribeca House 99% leased (rent $89/ft, new $95/ft); Clover House 96% occupancy (avg $90/ft, new $95/ft); Pacific House 96% leased (free-market new leases $76/ft); Aspen >98% occupancy with new leases/renewals ~15% higher than prior.
Residential Revenue and NOI Contributions
Residential revenues increased $2.7M (≈+9%) year-over-year driven by strong leasing; ongoing stabilized residential NOI increased by $1.4M (≈+7%). AFFO from ongoing residential properties increased ~$0.6M (≈+10%).
Balance Sheet and Financing Strength
Quarter-end liquidity: $30.8M unrestricted cash and $27.3M restricted cash. Operating debt is ~89% fixed with an average rate of ~3.87% and average duration of ~3.7 years. Debt is largely nonrecourse and asset-specific.
Dividend Maintained
Declared quarterly dividend of $0.095 per share, unchanged from the prior quarter, signaling management's decision to continue shareholder distributions despite headwinds.
CLPR Earnings History
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 |
|---|---|---|---|
Feb 26, 2026 | $3.27 | $2.99 | -8.62% |
Nov 13, 2025 | $3.55 | $3.47 | -2.14% |
Aug 07, 2025 | $3.25 | $3.71 | +13.93% |
May 12, 2025 | $3.73 | $3.75 | +0.48% |
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 May 12, 2026, After Close (Confirmed).
What is Clipper Realty Inc (CLPR) earnings time?
Clipper Realty Inc (CLPR) earnings time is at May 12, 2026, 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?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLPR EPS forecast?
Currently, no data Available