Brief: Clipper Realty Q2 Revenue USD 39 Million

Clipper Realty

07/08/2025 21:01

Overview

Clipper Realty Q2 revenue rises 5%

Adjusted FFO for Q2 increases 18% to $8.3 mln, driven by rental revenue

Company reports Q2 net loss of $1.4 mln, impacted by impairment charge

Outlook

Company continues to see high occupancy and strong renter demand

Company actively seeking solutions for 250 Livingston Street vacancy

The owner and operator of multifamily residential and commercial properties expects continued rental recoveries at Flatbush Gardens

Result Drivers

RESIDENTIAL LEASING - Strong demand and high occupancy drove residential revenue, with new leases and renewals exceeding previous rents by 14% and 6%, respectively

DEAN STREET DEVELOPMENT - Completion of construction and start of leasing at Dean Street, along with bridge financing, aimed at reducing interest costs and supporting operations

PROPERTY SALE - Sale of 10 West 65th Street property generated nearly $13 mln in cash, contributing to financial results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$39 mln
$39.10 mln (1 Analyst)
Q2 Net Income
-$1.40 mln
Q2 Adjusted FFO
$8.30 mln
Q2 Dividend
$0.095
Q2 Income From Operations
$10.10 mln


Analyst Coverage

The one available analyst rating on the shares is "sell"

The average consensus recommendation for the residential reits peer group is "buy."

Press Release: ID:nBw2KN1G2a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)