Clipper Realty Inc. Announces Third Quarter 2026 Results
Business Wire•04/11/2026•16:01 ET
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Key Highlights
- ➤Record Q3 revenues $40.5 million, up from $37.7 million year-over-year
- ➤Residential revenues $34.0 million, up $4.2 million on strong leasing
- ➤Q3 net loss widened to $5.9 million, or $0.18 per share
- ➤AFFO declined to $4.1 million, or $0.10 per share
- ➤250 Livingston lender can foreclose after loan marketing period
- ➤Declared Q3 dividend of $0.095 per share, payable November 25
Expert Statements
David Bistricer, Co-Chairman and Chief Executive Officer of Clipper Realty Inc.
“For the quarter, the main highlights are continued strong residential leasing and significant progress made towards resolving lender issues at our 250 Livingston Street office property. The residential properties continued to have high occupancy and strong renter demand. New free market leases exceeded previous rents by 9% and renewals by over 5% and our major residential properties are leased at very high levels. Furthermore, our new Prospect House property at 953 Dean Street in Brooklyn, NY is fully operational after going in service last year.”
Clipper Realty Inc. (NYSE: CLPR) (the “Company”), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended September 30, 2026.
* Results reflect strong leasing rates and occupancy at our residential properties and the termination of the New York City (“NYC”) lease at the 250 Livingston Street office property in August 2025.
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