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Stock impact report

Clipper Realty Inc. Announces Fourth Quarter 2023 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 December 31, 2023. Highlights for the Three Months Ended December 31, 2023 Quarterly revenues of $34.9 million for the fourth quarter of 2023 Quarterly income from operations of $9.0 million for the fourth quarter of 2023 Net operating income ("NOI")1 of $20.0 million for the fourth quarter of 2023 Quarterly net loss of $2.9 million for the fourth quarter of 2023 Record adjusted funds from operations ("AFFO")1 of $6.3 million for the fourth quarter of 2023 Declared a dividend of $0.095 per share for the fourth quarter of 2023 David 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 continuing to increase. We continue to have high occupancy and rents in our buildings with good renter demand f Show less Read more
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