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Stock impact report

Clipper Realty Inc. Announces First Quarter 2024 Results [Yahoo! Finance]

Clipper Realty Inc. (CLPR) 
Last clipper realty inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NYSE Investor Relations: clipperrealty.com
Company Research Source: Yahoo! Finance
and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended March 31, 2024. Highlights for the Three Months Ended March 31, 2024 Record quarterly revenues of $35.8 million for the first quarter of 2024 Quarterly income from operations of $9.1 million for the first quarter of 2024 Record net operating income ("NOI") of $20.2 million for the first quarter of 2024 Quarterly net loss of $2.7 million for the first quarter of 2024 Adjusted funds from operations ("AFFO") of $5.9 million for the first quarter of 2024 Declared a dividend of $0.095 per share for the first quarter of 2024 David Bistricer, Co-Chairman, and Chief Executive Officer, commented, "The Company continued to grow its revenue and NOI in the first quarter of 2024, producing record results in both of those metrics. Additionally, the Company's AFFO was strong for the winter season where gas heating costs are seasonally high. We cont Show less Read more
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