Clipper Realty Inc. (CLPR) Form 8-K — May 14, 2026
Clipper Realty Inc. reported a Q1 2026 net loss of $11.1 million, a significant improvement from the $35.1 million loss in the same period last year, primarily due to the absence of a $33.8 million impairment charge taken in 2025 on the sold 10 West 65th Street property. Residential operations showed strength with revenues rising 9.3% to $31.9 million, driven by high occupancy and record rent levels, while the new Prospect House property reached full leasing by quarter-end. However, commercial revenues fell 39% to $6.2 million as the company continues to absorb the impact of the New York City lease termination at its 250 Livingston Street office property.
Key figures
- Revenue
- 38115000
- Cash Position
- 26083000
- Noi
- 20011000
- Affo
- 2253000
- Affo Per Share
- 0.05
- Dividend Per Share
- 0.095
- Commercial Revenue
- 6211000
- Residential Revenue
- 31904000
- Litigation Settlement
- 3600000
Price after filing
Close on the filing date to close N calendar days later (from $3.02). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.