Earnings ·
Clipper Realty reports Q3 revenue of $40.5M and declares $0.095 per share dividend
CLPRClipper Realty Inc.
Clipper Realty Inc. announced third quarter 2026 financial results, reporting record quarterly revenues of $40.5 million, up from $37.7 million in the prior year period. The increase was driven by a $4.2 million rise in residential rental income due to strong leasing and occupancy, partially offset by a $1.4 million decline in commercial revenue following the termination of a major lease at its 250 Livingston Street office property. Quarterly net operating income reached $22.3 million, while adjusted funds from operations (AFFO) decreased to $4.1 million from $5.6 million year-over-year due to non-cash charges associated with the commercial lease loss. The company declared a quarterly dividend of $0.095 per share for shareholders of record on November 17, 2026, payable on November 25, 2026. Clipper Realty Inc. is a self-administered real estate investment trust that acquires, owns, manages, and operates multifamily residential and commercial properties in the New York metropolitan area.