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
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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
- Is Clipper Realty (CLPR) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Best Income Stocks to Buy for November 6th [Yahoo! Finance]Yahoo! Finance
- Clipper Realty Inc (CLPR) Q3 2024 Earnings Call Highlights: Record Revenue and Strong Leasing ... [Yahoo! Finance]Yahoo! Finance
- Clipper Realty Inc. Announces Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Clipper Realty Inc. (CLPR) Beats Q3 FFO Estimates [Yahoo! Finance]Yahoo! Finance
CLPR
Earnings
- 10/31/24 - Beat
CLPR
Sec Filings
- 11/15/24 - Form 8-K
- 11/12/24 - Form SC
- 10/31/24 - Form 8-K
- CLPR's page on the SEC website