Clipper Realty Inc (CLPR)
NYSE:CLPR
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call highlighted very strong residential performance — record rents, high occupancy (≈99%), solid rent growth (+7% new free-market leases, +5% renewals), nearly full lease-up at Prospect House, healthy rent collections (~100%), and a conservative debt profile with meaningful cash balances. However, material negatives outweighed these positives this quarter: AFFO declined sharply (~-71%), driven primarily by the termination/default situation at 250 Livingston Street (major NOI/AFFO hit and unresolved lender negotiations), lease-up expenses at Prospect House, sale-related revenue loss, and litigation settlement costs. Given the size and immediacy of the AFFO and office-related impacts, the overall tone is cautious to negative despite operational strength in the residential portfolio.Company Guidance
Strong Residential Leasing and Rent Growth
Residential portfolio performing very well with near-full occupancy and record rents. New free-market leases in Q1 exceeded prior rents by >7% and renewals were ~5% higher. Residential revenue increased by $2.7M (≈+9% YoY). Rent collections for premarket residential properties were ~100%.
High Occupancy and Premium Rents at Key Properties
Stabilized assets showing strong metrics: Tribeca House 99% occupancy (overall rent $90/ft, new leases $92/ft); Clover House 99% occupancy (overall $90/ft, new $95/ft); Pacific House 98% occupancy (new leases $66/ft); Aspen >98% occupancy with new rents up ~8% vs prior leases.
Prospect House — On Time, On Budget; Nearing Stabilization
Ground-up Brooklyn development (240 units, ~160,000 rentable ft²; 70% free market / 30% affordable) was delivered on time and on budget. In 3rd quarter of initial lease-up, nearly fully leased with premarket rents ~ $78/ft; bridge loan in place to fund through stabilization.
Improved Ongoing Residential AFFO Contribution
Ongoing stabilized residential properties contributed to an AFFO increase of approximately $1.2M (≈+18%) versus prior year, reflecting stronger leasing and pricing in the stabilized residential portfolio.
Liquidity and Conservative Debt Profile
Quarter-end cash of $26.1M unrestricted and $28.6M restricted (total $54.7M). Operating debt is 89% fixed at an average rate of 3.87% with average duration ~3.4 years; financing is nonrecourse and asset-by-asset.
Dividend Maintained
Declared Q1 dividend of $0.095 per share, unchanged from the prior quarter, signaling consistency in cash return policy 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 |
|---|---|---|---|
May 14, 2026 | $3.02 | $2.92 | -3.31% |
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% |
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, 2026, After Close (Confirmed).
What is Clipper Realty Inc (CLPR) earnings time?
Clipper Realty Inc (CLPR) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CLPR EPS forecast?
Currently, no data Available