Clipper Realty Inc. (CLPR) Form 10-Q — Aug 6, 2026

$CLPRForm 10-QFiled Aug 6, 2026, 4:02 PM ET0001437749-26-026249Original filing

Clipper Realty's Q2 2026 10-Q shows a net loss of $6.3 million, or $0.19 per share, versus a $1.4 million loss ($0.07) a year earlier, with six-month revenues slipping to $76.7 million from $78.4 million. The wider loss was driven by default interest on the 250 Livingston Street loan, higher G&A tied to the default, and a litigation settlement accrual. Residential is the bright spot: residential rental income rose 10.9% to $32.2 million in the quarter, with rents per square foot up at Tribeca House ($91.88 vs $85.60), Flatbush Gardens and Clover House. Commercial rental income fell roughly 37% to $6.4 million after New York City vacated 250 Livingston Street.

Key figures

Eps: -$0.19 Q2 2026 (vs -$0.07 Q2 2025); -$0.49 six months (vs -$0.93)
Revenue: $38.575M Q2 2026 (vs $39.036M Q2 2025); $76.690M six months (vs $78.434M)
Net Income: -$6.265M Q2 2026 net loss (vs -$1.356M); -$17.409M six months (vs -$36.459M which included a $33.78M impairment)
Total Debt: $1,287.226M gross ($1,280.048M net of unamortized issuance costs)
Revenue Yoy: -1.2% Q2; -2.2% six months
Total Assets: $1,220.738M
Cash Position: $37.702M cash and equivalents plus $24.873M restricted cash
Shares Outstanding: 16157566
Ffo q2 2026: $1.758M (vs $5.958M Q2 2025)
Affo q2 2026: $3.755M (vs $8.318M Q2 2025)
Default interest: additional 5% per annum on 250 Livingston loan
Dividend declared: $0.095 per share, payable August 26, 2026
Stockholders equity: $(40.091)M deficit; total equity including NCI $(105.393)M
Debt maturities 2027: $152.897M
Debt maturities 2028: $416.554M
Flatbush gardens hrmla: up to $27M capital improvement commitment, substantially completed as of July 22, 2026
Adjusted ebitda q2 2026: $18.552M (vs $19.374M Q2 2025)
Interest expense q2 2026: $15.654M (vs $11.479M), driven by 250 Livingston default interest
Nyc revenue concentration: 11% of revenues Q2 2026 vs 21% Q2 2025
Sanchez litigation reserve: $3.809M reserved for six months ended June 30, 2026
Weighted avg interest rate: approximately 4.2%
Amounts owed 250 livingston: approximately $9.55M in interest, default interest and fees as of June 30, 2026
Commercial rental income q2: $6.353M, -36.4% YoY after NYC vacated 250 Livingston
Residential rental income q2: $32.222M, +10.9% YoY

Price after filing

1 day: -1.4%7 days: +18.4%30 days: +15.9%

Close on the filing date to close N calendar days later (from $2.77). Historical, not a forecast.

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