GICS Sector : Real Estate
Clipper Realty Inc.(NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. Show Full description
Clipper Realty reported a robust financial performance in Q2 2025, with near-record quarterly revenue of $39 million, a 4.5% increase over last year. The company's net operating income (NOI) reached a record $22.1 million, a 5% increase, while adjusted funds from operations (AFFO) also hit a record $8.3 million, a 17% increase. Earnings per share (EPS) came in at $0.2, beating estimates of $0.15. The strong leasing activity across all properties drove residential revenue to $29.1 million.
Publication Date: Aug -23
The company's operational performance was driven by high residential rental demand, with new leases exceeding prior rents by over 14% across the entire portfolio. The completion of the Prospect House development in Brooklyn, which is now 33% leased with gross rents exceeding $88 per square foot, was a significant milestone. Additionally, the company secured a new loan of up to $160 million, providing excess proceeds of over $10 million and future excess proceeds of $12 million for interest and operating expenses.
Clipper Realty continued to actively manage its portfolio, selling the 10 West 65th Street property for $45.5 million, generating $13 million after payment of debt and costs. The company is also seeking solutions for the 250 Livingston Street property, which is vacating at the end of the month. As J.J. Bistricer, Co-Chairman and Chief Operating Officer, noted, the strong demand for residential rentals drove the company's results.
With a P/S Ratio of 0.44 and an EV/EBITDA of 33.57, the company's valuation appears reasonable. The Dividend Yield stands at 9.05%, indicating an attractive return for income investors. However, analysts estimate a revenue growth of -8.1% next year, which may impact the stock's performance. Nevertheless, Clipper Realty's focus on efficiently operating its portfolio and its continued operating improvements in 2025 are positive indicators.
Connor Clark & Lunn Investment Management Ltd. Purchases 27,908 Shares of Clipper Realty Inc. $CLPR
Nov -21
Clipper Realty: Despite Cheap Price And High Yield, Bearish Clouds Remain On Horizon (Rating Downgrade)
Nov -21
Hawks In The House
Nov -16
Clipper Realty Inc. (CLPR) Q3 2025 Earnings Call Prepared Remarks Transcript
Nov -13
Clipper Realty Inc. (CLPR) Q3 FFO Beat Estimates
Nov -13
5 Best REITs To Buy In October 2025
Oct -11
2 REITs To Buy Before September 17th
Aug -24
Avoid These REIT Dividend Disasters Before It's Too Late
Aug -13
Clipper Realty's 4.5% growth in Residential segment is driven by increasing demand for affordable housing, favorable demographics, and strategic expansion into high-growth markets. Additionally, the company's focus on amenity-rich communities, strong brand recognition, and efficient operations contribute to its growth momentum.
Clipper Realty Inc.'s 5.5% growth is driven by increasing demand for multifamily housing, strategic acquisitions, and effective cost management. Additionally, the company's focus on value-add initiatives, such as renovations and repositioning, has enhanced property values and driven rental growth.
Clipper Realty Inc. offers residential brokerage services, connecting buyers and sellers of residential properties, including single-family homes, condominiums, and townhouses.
Clipper Realty Inc. provides commercial brokerage services, facilitating the buying and selling of commercial properties, including office buildings, retail spaces, and industrial facilities.
Clipper Realty Inc. offers property management services, overseeing the day-to-day operations of residential and commercial properties, including rent collection, maintenance, and financial reporting.
Clipper Realty Inc. develops and constructs new properties, including residential and commercial projects, from concept to completion.
Clipper Realty Inc. facilitates the sale of investment properties, including apartment buildings, office buildings, and retail centers.
The threat of substitutes for Clipper Realty Inc. is moderate, as there are alternative options for customers, but they are not highly attractive.
The bargaining power of customers is low, as Clipper Realty Inc. has a strong brand and customers have limited alternatives.
The bargaining power of suppliers is moderate, as Clipper Realty Inc. relies on a few key suppliers, but has some flexibility in its supply chain.
The threat of new entrants is high, as the real estate industry is relatively easy to enter, and new companies can quickly gain market share.
The intensity of rivalry is high, as the real estate industry is highly competitive, and companies must constantly innovate to stay ahead.
| Value | |
|---|---|
| Debt Weight | 99.77% |
| Debt Cost | 8.06% |
| Equity Weight | 0.23% |
| Equity Cost | 10.06% |
| WACC | 8.06% |
| Leverage | 43936.73% |
Value: 5.9
Growth: 5.3
Quality: 3.8
Yield: 10.0
Momentum: 3.5
Volatility: 8.7
1-Year Total Return ->
Value: 6.3
Growth: 5.2
Quality: 5.5
Yield: 9.0
Momentum: 2.0
Volatility: 7.7
1-Year Total Return ->
Value: 4.3
Growth: 3.0
Quality: 7.1
Yield: 9.0
Momentum: 2.0
Volatility: 9.7
1-Year Total Return ->
Value: 8.1
Growth: 6.2
Quality: 5.5
Yield: 10.0
Momentum: 1.0
Volatility: 3.0
1-Year Total Return ->
Value: 6.5
Growth: 3.2
Quality: 4.4
Yield: 8.0
Momentum: 2.0
Volatility: 9.0
1-Year Total Return ->
Value: 6.5
Growth: 5.6
Quality: 3.3
Yield: 9.0
Momentum: 2.0
Volatility: 5.0
1-Year Total Return ->