Clipper Realty: 8% Dividend Yield From Significantly Undervalued US Multifamily REIT, I'm Buying [Seeking Alpha]
Clipper Realty Inc. (CLPR)
Last clipper realty inc. earnings: 3/12 04:05 pm
Check Earnings Report
US:NYSE Investor Relations:
clipperrealty.com
Company Research
Source: Seeking Alpha
Summary Clipper Realty is a buy due to its low valuation, high dividend yield, and debt relief from pending Fed rate cuts. CLPR's common shares trade at 7.1x annualized fiscal 2024 second quarter FFO, with an 8% dividend yield, significantly covered by FFO. Despite office exposure and lease expirations, CLPR's strong free cash flow and New York's high rent environment support its financial health. Fed rate cuts and potential lease extensions are key catalysts for CLPR. peeterv/E+ via Getty Images New York-focused multifamily REIT Clipper Realty ( NYSE: CLPR ) is a strong buy as rate cuts come into focus and with the common shares trading hands at 7.1x times annualized fiscal 2024 second quarter FFO. The REIT last declared a quarterly cash dividend of $0.095 per share , unchanged from its prior distribution, and $0.38 per share annualized for an 8% dividend yield. CLPR has kept its dividend stable since its onset with the dividend 179% covered by second-quarter FFO of $0.1
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CLPR
News
- Here is Why Growth Investors Should Buy Clipper Realty (CLPR) Now [Yahoo! Finance]Yahoo! Finance
- All You Need to Know About Clipper Realty (CLPR) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- Is Clipper Realty (CLPR) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Why Fast-paced Mover Clipper Realty (CLPR) Is a Great Choice for Value Investors [Yahoo! Finance]Yahoo! Finance
- 2 REITs To Buy Before Rate Cuts [Seeking Alpha]Seeking Alpha
CLPR
Earnings
- 8/1/24 - Beat
CLPR
Sec Filings
- 8/1/24 - Form S-8
- 8/1/24 - Form 8-K
- 8/1/24 - Form 10-Q
- CLPR's page on the SEC website