Clipper Realty Inc. reported second quarter 2026 financial results showing quarterly revenues of $38.6 million and a net loss of $6.3 million ($0.19 per share). The company declared a quarterly dividend of $0.095 per share, payable August 26, 2026 to shareholders of record on August 18, 2026. Results were impacted by the termination of the NYC lease at the 250 Livingston Street office property in August 2025 and progress in resolving lender issues there. Residential revenues increased to $32.2 million due to strong leasing, while commercial revenues fell to $6.4 million. The company operates multifamily residential and commercial properties in the New York metropolitan area.

Clipper Realty Inc. announced that its subsidiary, 250 Livingston Owner LLC, entered into a Consent and Cooperation Agreement with Citi Real Estate Funding Inc. regarding a $125.0 million loan secured by the 250 Livingston Street property in Brooklyn, New York. The agreement involves a joint marketing and sale of the loan to a third-party buyer during a 45-day marketing period starting June 4, 2026, with the lender has the right to foreclosure or taking the deed in lieu of foreclosure at the end of period. Clipper Realty Inc. operates in the real estate industry and manages property assets.