Clipper Realty Inc. is rated 'Sell' due to high leverage, refinancing risks, and a likely dividend cut. CLPR's residential segment grew 10.9% YoY, but overall AFFO halved after losing its largest office tenant. Net debt/EBITDA is an elevated 17.6x, with looming rate resets likely to further pressure AFFO and dividends.
Clipper Realty Inc. (CLPR) Q2 2026 Earnings Call Transcript
Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to FFO of $0.2 per share a year ago.
Clipper Realty Inc. (CLPR) Q1 2026 Earnings Call Transcript
Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.05 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to FFO of $0.19 per share a year ago.
Clipper Realty remains a "buy" due to depressed valuation, despite political and regulatory headwinds in NYC impacting rent growth and sentiment. Residential fundamentals are solid, with new leases up 13%, and Prospect House lease-up is expected to drive revenue growth into mid-2026. A nonrecourse property-level debt structure offers downside protection, and no near-term maturities provide balance sheet flexibility.
Clipper Realty Inc. (CLPR) Q4 2025 Earnings Call Transcript
Clipper Realty Inc. (CLPR) came out with quarterly funds from operations (FFO) of $0.04 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to FFO of $0.19 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
For my follow-up on Clipper Realty, a NYC-based multi-family REIT, I'm actually downgrading to a sell from my hold last winter, agreeing with today's bearish consensus. This REIT has a limited geographic diversification beyond a handful of NYC properties, operates with negative equity, and a high AFFO dividend payout ratio (above 75%). A new government recently elected in NYC but yet to be sworn in points to what impact new policies will have on demand and supply in NYC housing.