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Stock impact report

Clipper Realty Inc. Announces Fourth Quarter 2023 Results

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: Business Wire
NEW YORK--(BUSINESS WIRE)--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 December 31, 2023.Highlights for the Three Months Ended December 31, 2023Quarterly revenues of $34.9 million for the fourth quarter of 2023Quarterly income from operations of $9.0 million for the fourth quarter of 2023Net operating income (“NOI”)1 of $20.0 million for the fourth quarter of 2023Quarterly net loss of $2.9 million for the fourth quarter of 2023Record adjusted funds from operations (“AFFO”)1 of $6.3 million for the fourth quarter of 2023Declared a dividend of $0.095 per share for the fourth quarter of 2023David Bistricer, Co-Chairman, and Chief Executive Officer, commented,“The fourth quarter of 2023 for the Company has continued to produce solid results after recent record-breaking quarters, with AFFO c Show less Read more
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