Clipper Realty Inc (N:CLPR)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: 4611 12th Ave Ste 1L
BROOKLYN NY 11219
Tel: N/A
Website: https://www.clipperrealty.com
IR: See website
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Key People
David Bistricer
Co-Chairman of the Board, Chief Executive Officer
Sam Levinson
Co-Chairman of the Board
Lawrence E. Kreider
Chief Financial Officer, Secretary
Jacob J. Bistricer
Chief Operating Officer
Jacob Schwimmer
Chief Property Management Officer
 
Business Overview
Clipper Realty Inc. is a self-administered and self-managed real estate company. The Company acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The Company operates through two segments: Residential Rental Properties and Commercial Rental Properties. The Commercial Rental Properties segment includes the 141 Livingston Street property and portions of the 250 Livingston Street, Tribeca House, Dean Street and Aspen properties. The Residential Rental Properties segment includes the Flatbush Gardens property, the Clover House property, the 10 West 65th Street property, the 1010 Pacific Street property and portions of the 250 Livingston Street, Tribeca House, Dean Street and Aspen properties. The Company consists of nine properties totaling approximately 3.4 million rentable square feet.
Financial Overview
For the three months ended 31 March 2024, Clipper Realty Inc revenues increased 6% to $35.8M. Net loss applicable to common stockholders decreased 54% to $1.4M. Revenues reflect Residential segment increase of 9% to $26.1M. Lower net loss reflects Residential segment income increase from $2.7M to $20.8M, Commercial segment income increase of 39% to $5.9M. Dividend per share remained flat at $0.10.
Employees: 148 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,269M as of Mar 31, 2024
Annual revenue (TTM): $140.30M as of Mar 31, 2024
EBITDA (TTM): $36.27M as of Mar 31, 2024
Net annual income (TTM): -$5.56M as of Mar 31, 2024
Free cash flow (TTM): -$43.49M as of Mar 31, 2024
Net Debt Last Fiscal Year: $1,205M as of Mar 31, 2024
Shares outstanding: 16,077,290 as of May 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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