Clipper Realty Inc. (CLPR) Form 10-Q — Nov 4, 2026
Clipper Realty reported Q3 2026 revenue of $40.5 million and a net loss of $5.9 million ($0.18 per share), with nine-month net loss of $23.3 million. Residential rental income grew on strong NYC rents, but interest expense jumped due to default interest accruing on the 250 Livingston Street loan. The 250 Livingston Street property is in active distress: the City of New York vacated in August 2025, a temporary receiver was appointed in April 2026, and the company owes roughly $10.4 million in interest, default interest and fees.
Key figures
- Revenue
- 117174000
- Total Debt
- 1286942000
- Total Assets
- 1216640000
- Cash Position
- 30632000
- Shares Outstanding
- 16157566
- Q3 ffo
- 2200000
- Q3 affo
- 4113000
- Q3 revenue
- 40484000
- Nine month affo
- 10121000
- Q3 dividends total
- 4691000
- 125 Livingston loan
- 125000000
- Q3 dividend per share
- 0.095
- Sanchez litigation reserve
- 3589000
- Weighted avg interest rate
- 4.2%
- Annual income loss 250 Livingston
- approximately $16,000,000
- 250 Livingston owed interest default fees
- 10373000
AI analysis
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