Clipper Realty Inc (CLPR)
NYSE:CLPR
Top Page
Clipper Realty
(NYSE:CLPR)
Select Model
Select Model
Rating:46Neutral
Price Target:
$3.00
▼(-28.40% Downside)
Action:ReiteratedDate:04/01/26
The score is held down primarily by weak financial fundamentals (net losses, stressed capitalization/negative equity) and ongoing uncertainty around 250 Livingston. Technicals also remain bearish with the stock trading below key moving averages. High dividend yield and strong residential operating metrics provide partial support but do not offset the balance-sheet and cash-flow-risk signals highlighted in recent updates.
Positive Factors
High residential occupancy and rent growth
Sustained ~99% stabilized residential occupancy and double-digit new-lease premium signal durable demand in core NYC markets. That supports predictable rental cash flow, underwriting on new developments, and resilience of property-level NOI over coming quarters, reducing vacancy risk.
Negative Factors
Loan default and lender lawsuit at 250 Livingston
A lender suit seeking a receiver and sale creates a material structural threat to asset control and cash flow. Parent guarantees amplify recovery risk and potential cash drain; a forced sale or receiver could accelerate losses, reduce collateral value, and impair long-term cash generation and stakeholder recoveries.
Read all positive and negative factors
Positive Factors
Negative Factors
High residential occupancy and rent growth
Sustained ~99% stabilized residential occupancy and double-digit new-lease premium signal durable demand in core NYC markets. That supports predictable rental cash flow, underwriting on new developments, and resilience of property-level NOI over coming quarters, reducing vacancy risk.
Read all positive factors
Clipper Realty (CLPR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$51.02M
Dividend Yield11.34%
Average Volume (3M)63.06K
Price to Earnings (P/E)―
Beta (1Y)0.53
Revenue Growth5.90%
EPS Growth-322.37%
CountryUS
Employees171
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)-0.30
Shares Outstanding16,146,545
10 Day Avg. Volume69,346
30 Day Avg. Volume63,056
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)-5.28
Price to Sales (P/S)1.06
P/FCF Ratio7.19
Enterprise Value/Market Cap25.43
Enterprise Value/Revenue8.47
Enterprise Value/Gross Profit10.57
Enterprise Value/Ebitda40.38
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)$159.40M
Clipper Realty Business Overview & Revenue Model
Company Description
Clipper Realty Inc. is a publicly traded real estate investment trust (REIT) focused on owning, operating, and developing multifamily residential properties in the New York City metropolitan area. The company specializes in acquiring and managing ...
How the Company Makes Money
Clipper Realty primarily makes money by renting and operating real estate assets. Its main revenue stream is rental income collected from tenants in its multifamily residential properties (e.g., monthly apartment rents), supplemented by rental inc...
Clipper Realty Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 12, 2026
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.Positive Updates
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.
Negative Updates
Material Decline in AFFO
AFFO fell to $1.7M this quarter versus $8.1M a year ago, a decrease of $6.4M (≈-79%), driven primarily by the New York City lease termination at 250 Livingston and initial lease-up expenses at Prospect House.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Management guided that demand should remain strong and they will focus on optimizing occupancy, pricing and expenses while seeking full lease‑up of Prospect House and resolving 250 Livingston Street; key operating metrics cited include overall stabilized residential leased occupancy of ~99%, new leases up ~13% (renewals +7%), portfolio rent collections ~98%, Prospect House 78% leased with free‑market new rents ~$85/ft (240 units, ~160,000 RSF, 70% free market/30% affordable, 57 parking spaces, 19,000 SF commercial), Tribeca House 99% leased (overall $89/ft, new $95/ft), Clover House 96% leased (overall $90/ft, new $95/ft), Pacific House 96% leased (new free‑market $76/ft), Aspen >98% occupancy (news/renewals +15%); financials and balance sheet metrics referenced as context include Q4 revenue $37.1M (vs. $38.0M), NOI $20.7M (vs. $22.6M), AFFO $1.7M (vs. $8.1M), residential revenue +$2.7M (9%) including $1.5M from Prospect House offset by a $4.0M revenue and ~$3.8M NOI hit from the NYC lease termination at 250 Livingston, unrestricted cash $30.8M, restricted cash $27.3M, debt 89% fixed at a 3.87% average rate with 3.7 years average duration, and a $0.095 per‑share Q4 dividend payable March 19, 2026 (record March 12).Clipper Realty Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
18
Very Negative
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 153.20M | 148.78M | 138.21M | 129.75M | 122.73M |
| Gross Profit | 122.81M | 84.84M | 75.64M | 67.88M | 63.28M |
| EBITDA | 64.45M | 70.42M | 58.24M | 54.62M | 47.03M |
| Net Income | -19.90M | -2.50M | -5.90M | -4.76M | -7.59M |
Balance Sheet | |||||
| Total Assets | 1.23B | 1.29B | 1.25B | 1.23B | 1.23B |
| Cash, Cash Equivalents and Short-Term Investments | 30.82M | 19.90M | 22.16M | 18.15M | 34.52M |
| Total Debt | 1.28B | 1.27B | 1.21B | 1.16B | 1.13B |
| Total Liabilities | 1.32B | 1.30B | 1.24B | 1.19B | 1.16B |
| Stockholders Equity | -30.71M | -5.41M | 2.74M | 14.09M | 26.51M |
Cash Flow | |||||
| Free Cash Flow | 22.57M | 31.86M | 26.18M | 20.14M | -24.71M |
| Operating Cash Flow | 22.57M | 31.86M | 26.18M | 20.14M | 10.82M |
| Investing Cash Flow | 12.09M | -68.78M | -41.36M | -51.48M | -77.94M |
| Financing Cash Flow | -14.56M | 38.75M | 20.73M | 9.78M | 30.31M |
Clipper Realty Technical Analysis
Negative
4.19
Price Trends
3.19
Negative
3.33
Negative
3.52
Negative
Market Momentum
-0.06
Positive
43.56
Neutral
34.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CLPR, the sentiment is Negative. The current price of 4.19 is above the 20-day moving average (MA) of 3.05, above the 50-day MA of 3.19, and above the 200-day MA of 3.52, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 43.56 is Neutral, neither overbought nor oversold. The STOCH value of 34.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CLPR.
Clipper Realty Risk Analysis
Clipper Realty disclosed 60 risk factors in its most recent earnings report. Clipper Realty reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Clipper Realty Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
55 Neutral | $1.08B | 63.46 | -4.93% | 4.58% | 36.82% | ― | |
52 Neutral | $265.19M | -15.32 | -6.33% | 6.98% | 1.62% | 11.38% | |
50 Neutral | $107.89M | 9.90 | 6.60% | 12.97% | ― | ― | |
47 Neutral | $638.87M | -23.86 | -12.63% | 7.06% | -4.46% | -206.19% | |
46 Neutral | $51.02M | -8.15 | 81.43% | 11.34% | 5.90% | -322.37% |
* Real Estate Sector Average
CLPR
Clipper Realty
3.16
-0.21
-6.29%
CSR
Centerspace
61.02
5.47
9.84%
BRT
BRT Apartments
13.97
-0.83
-5.61%
NXRT
NexPoint Residential
25.04
-7.54
-23.15%
BHM
Bluerock Homes Trust, Inc. Class A
10.71
0.75
7.54%
SUNS
Sunrise Realty Trust Inc
7.98
0.09
1.08%
Clipper Realty Corporate Events
Business Operations and StrategyLegal Proceedings
Clipper Realty Faces Legal Action Over Mortgage Default
Negative
Mar 31, 2026
Clipper Realty subsidiary 250 Livingston Owner LLC, borrower under a $125 million mortgage loan secured by the 250 Livingston Street property in Brooklyn, fell into payment default under a note that matures June 6, 2029 and bears 3.63% interest wi...
Business Operations and StrategyLegal ProceedingsPrivate Placements and Financing
Clipper Realty Modifies Loan, Stabilizing Brooklyn Property
Positive
Jan 2, 2026
On December 24, 2025, Clipper Realty subsidiary 141 Livingston Owner LLC, together with Clipper Realty Inc. and Clipper Realty L.P., entered into a loan modification agreement with Wells Fargo Bank, acting as trustee for commercial mortgage pass-t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.