Clipper Realty Inc. (CLPR) Form 10-Q — May 14, 2026
Clipper Realty reported a net loss of $11.1 million for Q1 2026, driven by a $3.6 million litigation reserve and rising interest expenses, despite a 7.4% increase in residential rental income. The company faces severe headwinds in its commercial segment, where the loss of the City of New York as a tenant at 250 Livingston Street has triggered a loan default and the appointment of a court receiver. The lender for the 250 Livingston Street property, Wells Fargo, successfully obtained a court order appointing a temporary receiver to manage the property and collect rents after Clipper failed to cure defaults.
Key figures
- Revenue
- 38115000
- Total Debt
- 1285799000
- Cash Position
- 26083000
- Affo
- 2253000
- Adjusted ebitda
- 16990000
- Dividend per share
- 0.095
- Litigation reserve
- 3600000
Price after filing
Close on the filing date to close N calendar days later (from $3.02). Historical, not a forecast.
AI analysis
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