Clipper Realty (CLPR) AI Stock Analysis

• Market Cap: $57.80M
• Dividend Yield: 10.61%
• Average Volume (3M): 92.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: 8.64%
• EPS Growth: -213.95%
• Country: US
• Employees: 171
• Sector: Real Estate
• Sector Strength: 55
• Industry: REIT - Residential
• EPS (TTM): -0.86
• Shares Outstanding: 16,146,545
• 10 Day Avg. Volume: 102,655
• 30 Day Avg. Volume: 92,532
• PEG Ratio: 0.21
• Price to Book (P/B): 7.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.06
• Enterprise Value/Market Cap: 21.56
• Enterprise Value/Revenue: 2.11
• Enterprise Value/Gross Profit: 14.41
• Enterprise Value/Ebitda: 5.10
• 1Y Price Target: $4.00
• Price Target Upside: 8.70% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: $3.50 ▼(-4.89%Downside)

The overall stock score is primarily driven by the challenges in financial performance due to high leverage and negative equity. However, the positive sentiment from the latest earnings call and corporate events provides some optimism. The valuation remains mixed, with a high dividend yield offering some support despite profitability concerns. Technical indicators suggest weak momentum, impacting the stock's attractiveness.

Clipper Realty Business Overview & Revenue Model

Company Description

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.

How the Company Makes Money

Clipper Realty makes money primarily through the collection of rental income from its portfolio of properties. The company generates revenue by leasing out residential apartments, office spaces, and retail properties to tenants. This rental income is the primary revenue stream for Clipper Realty. Additionally, the company may benefit from property appreciation and potential sales, though its core business model focuses on long-term property management and rental income. Strategic property acquisitions and effective property management also contribute to maintaining and potentially increasing rental revenues.

Clipper Realty Financial Statement Overview

Summary

Clipper Realty faces financial challenges with negative net income and high leverage, but shows positive revenue and cash flow trends. The negative equity position remains a significant concern, requiring a focus on improving profitability and reducing debt.

Income Statement

Clipper Realty's revenue demonstrates a positive growth trend, with a notable increase in the TTM period compared to the previous year. However, the net income remains negative, impacting overall profitability. The gross profit margin is strong, indicating efficient cost management, yet the net profit margin is negative due to persistent losses. The EBITDA margin suggests solid operational efficiency, although EBIT margin has declined in the TTM period.

Balance Sheet

The company's balance sheet shows high leverage, with a concerning negative stockholders' equity indicating financial instability. The debt-to-equity ratio is not calculable due to negative equity, underscoring the risk associated with high debt levels. The equity ratio is negative, reflecting the company's reliance on debt financing.

Cash Flow

Operating cash flow has shown consistent growth, indicating improved cash generation capabilities. The positive free cash flow in the TTM period is a positive sign, although the free cash flow growth rate is modest. The operating cash flow to net income ratio is strong, highlighting the company's ability to generate cash relative to its net income losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	152.41M	148.78M	138.21M	129.75M	122.73M	122.85M
Gross Profit	86.50M	84.84M	75.64M	67.88M	63.28M	64.66M
EBITDA	38.02M	70.42M	58.24M	54.62M	52.71M	54.93M
Net Income	-14.84M	-2.50M	-5.90M	-5.51M	-49.20M	-46.01M
Balance Sheet
Total Assets	1.26B	1.29B	1.25B	1.23B	1.23B	1.21B
Cash, Cash Equivalents and Short-Term Investments	21.29M	19.90M	22.16M	18.15M	34.52M	72.06M
Total Debt	1.27B	1.27B	1.21B	1.16B	1.13B	1.08B
Total Liabilities	1.31B	1.30B	1.24B	1.19B	1.16B	1.10B
Stockholders Equity	-20.08M	-5.41M	2.74M	14.09M	26.51M	39.46M
Cash Flow
Free Cash Flow	32.29M	31.86M	26.18M	-25.31M	-24.71M	-15.82M
Operating Cash Flow	32.29M	31.86M	26.18M	20.14M	10.82M	15.99M
Investing Cash Flow	-56.21M	-68.78M	-41.36M	-51.48M	-77.94M	-31.71M
Financing Cash Flow	24.32M	38.75M	20.73M	9.78M	30.31M	47.82M

Clipper Realty Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 3.68 is below the 20-day moving average (MA) of 3.78, below the 50-day MA of 3.83, and below the 200-day MA of 4.38, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 45.83 is Neutral, neither overbought nor oversold. The STOCH value of 15.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CLPR.

Clipper Realty Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CSR	66 Neutral	$1.06B	―	-1.55%	5.14%	-1.81%	-33.33%
Sector *	64 Neutral	$6.92B	18.66	-1.93%	6.85%	4.65%	-25.39%
BRT	62 Neutral	$300.55M	―	-4.28%	6.31%	2.39%	-407.57%
CLPR	56 Neutral	$57.80M	―	46.22%	10.61%	8.64%	-213.95%
NXRT	55 Neutral	$857.08M	866.19	-7.19%	6.04%	-7.44%	-143.64%
SUNS	52 Neutral	$148.58M	10.84	7.07%	11.01%	―	―

Clipper Realty Corporate Events

Clipper Realty Stockholders Approve Key Proposals at Meeting

On June 18, 2025, Clipper Realty Inc. held its 2024 Annual Meeting of Stockholders where all proposals were approved. These included the election of seven directors, the ratification of PKF O’Connor Davies, LLP as the independent accounting firm for 2025, and the approval of the 2025 Omnibus Incentive Plan and Non-Employee Director Plan. The approval of these proposals signifies a strong endorsement from the stockholders, potentially impacting the company’s governance and strategic direction positively.

Clipper Realty Completes Mortgage Repayment to Flagstar Bank

On May 30, 2025, Clipper Realty Inc.’s subsidiary, 10 West 65 Owner LLC, completed the repayment of a $31.2 million mortgage note to Flagstar Bank, associated with the acquisition of a property in New York. The repayment included $0.8 million in accrued interest, and the bank released $1.1 million in escrow and reserves to the company, with no prepayment penalties incurred. This transaction reflects Clipper Realty’s strategic financial management and may impact its financial positioning by reducing liabilities and potentially enhancing cash flow.

Court Denies Receiver Appointment in Clipper Realty Case

On March 20, 2025, Wells Fargo Bank filed a lawsuit against Clipper Realty Inc. and its subsidiaries regarding the 141 Livingston Street property, demanding a receiver be appointed. However, on May 13, 2025, the New York Supreme Court denied the motion to appoint a receiver, citing the Plaintiff’s low likelihood of success, while also denying Clipper Realty’s motion to dismiss the lawsuit. Clipper Realty plans to continue defending against the lawsuit, asserting the claims are without merit.

Clipper Realty Secures $160M Financing for Dean Street

On May 2, 2025, Clipper Realty‘s subsidiary, Dean Owner LLC, entered into new loan agreements with MF1 Capital, securing $160 million in financing for its Dean Street Property. These agreements replace prior loans, with no termination fees incurred, and include provisions for potential additional borrowing and interest rate caps, impacting the company’s financial strategy and operational flexibility.