Earnings ·
Clipper Realty reports Q3 revenue of $40.5M and declares $0.095 quarterly dividend
CLPRClipper Realty Inc.
Clipper Realty Inc. reported record third-quarter revenues of $40.5 million, up from $37.7 million in the prior year period, driven by strong residential leasing rates and occupancy. Quarterly net operating income rose to $22.3 million from $20.8 million, while adjusted funds from operations declined to $4.1 million from $5.6 million due to non-cash impacts from a lease termination at an office property. The company declared a quarterly dividend of $0.095 per share for the third quarter, with a record date of November 16, 2026, and payment on November 25, 2026. Clipper Realty Inc. is a self-administered real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area.