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Stock impact report

Clipper Realty Inc. Announces Third Quarter 2024 Results

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: Business Wire
NEW YORK--(BUSINESS WIRE)--Clipper Realty Inc. (NYSE: CLPR) (the “Company”), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended September 30, 2024.Highlights for the Three Months Ended September 30, 2024Record quarterly revenues of $37.6 million for the third quarter of 2024Quarterly income from operations of $10.8 million for the third quarter of 2024Record net operating income (“NOI”)1 of $21.8 million for the third quarter of 2024Quarterly net loss of $1.1 million for the third quarter of 2024Record adjusted funds from operations (“AFFO”)1 of $7.8 million for the third quarter of 2024Declared a dividend of $0.095 per share for the third quarter of 2024David Bistricer, Co-Chairman, and Chief Executive Officer, commented,“The Company continued to grow its revenue, NOI and AFFO in the third quarter of 2024, producing record results for all th Show less Read more
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