Clipper Realty, Inc. | REIT Profile

Symbol: CLPR
CIK: 1649096
Exchange: NYSE
Founded: 2015 (7 years)
HQ: Brooklyn, NY, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Residential

See CLPR on Google Finance
See CLPR on Yahoo Finance
See CLPR on SEC.gov

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About Clipper Realty, Inc.

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 an initial portfolio in Manhattan and Brooklyn. Clipper Realty owns: (i) two neighboring residential/retail rental properties at 50 Murray Street and 53 Park Place in the Tribeca neighborhood of Manhattan, (ii) one residential property complex in the East Flatbush neighborhood of Brooklyn consisting of 59 buildings, (iii) two primarily commercial properties in Downtown Brooklyn (one of which includes 36 residential apartment units), and (iv) one residential/retail rental property at 1955 1st Avenue in Manhattan.


Clipper Realty, Inc. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$8.99 $9.09 $8.99 $9.08 $9.06 $9.06 6,866 -$0.07 -0.77% $144,408,420 N/A $10.30 $7.29 -8.69%

Last update: 2022-08-09 10:10:32 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 4.7

Hightlights of Trading Day August 8, 2022


Open Price: $8.87
Closing Price: $9.06
Price Change: 0.26 (2.955%)
Lowest Price: $8.87
Highest Price: $9.07
52-Week Low: $7.29
52-Week High: $10.30
52-Week Change: 7.62%
5 Day Price Change: -2.33%
1 Month Price Change: 7.19%
3 Month Price Change: 0.23%
6 Month Price Change: -2.95%
YTD Price Change: -10.56%
1 Year Price Change: 7.62%
2 Year Price Change: 42.05%
5 Year Price Change: 1.93%

Dividend of Trading Day August 8, 2022


Dividend Yield: 4.194%*
Annualized Dividend: $0.38*
Dividend Yield (TTM): 3.206%
Annualized Dividend (TTM): $0.2821
Ex-Dividend Date: 2022-05-19
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for CLPR.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q1 AFFO $--- $--- ---%
2022 Q1 FFO $--- $--- ---%
2021 Q4 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day August 8, 2022


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 156
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: N/A
Market Capitalization: $145,532,846
Beta: N/A
Latest Volume: 34,837
Avg. Total Volume: 30,576
Avg. 10-Day Volume: 23,059
Avg. 30-Day Volume: 30,576
TTM EPS: N/A
Shares Outstanding: 16,063,228
Float: N/A
50-Day Moving Avg.: $8.28
200-Day Moving Avg.: $8.78

Properties Owned by CLPR


CLPR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $8.91 per share you would have been able to buy 112 shares of CLPR on 2021-08-09 costing $997.92 @ $8.91 per share you would have been able to buy 56 shares of CLPR on 2021-08-09 costing $498.96 @ $8.91 per share you would have been able to buy 28 shares of CLPR on 2021-08-09 costing $249.48 @ $8.91 per share you would have been able to buy 11 shares of CLPR on 2021-08-09 costing $98.01 @ $8.91 per share you would have been able to buy 5 shares of CLPR on 2021-08-09 costing $44.55
Current worth On 2022-08-08 these 112 shares would be worth $1,014.72 @ $9.06 On 2022-08-08 these 56 shares would be worth $507.36 @ $9.06 On 2022-08-08 these 28 shares would be worth $253.68 @ $9.06 On 2022-08-08 these 11 shares would be worth $99.66 @ $9.06 On 2022-08-08 these 5 shares would be worth $45.30 @ $9.06
Dividends earned $42.56 in dividends would have been earned since 2021-08-09 with 112 shares. $21 in dividends would have been earned since 2021-08-09 with 56 shares. $10.64 in dividends would have been earned since 2021-08-09 with 28 shares. $4.18 in dividends would have been earned since 2021-08-09 with 11 shares. $1.90 in dividends would have been earned since 2021-08-09 with 56 shares.
Net (gain / loss)* 59.36 USD 29.68 USD 14.84 USD 5.83 USD 2.65 USD
ROI** 5.95% 5.95% 5.95% 5.95% 5.95%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by CLPR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
CLPR 2022-05-19 0.095 --- 2022-05-10 2022-05-20 2022-05-27
CLPR 2022-03-24 0.095 --- 2022-03-15 2022-03-25 2022-03-31
CLPR 2021-11-15 0.095 --- 2021-11-09 2021-11-16 2021-11-24
CLPR 2021-08-18 0.095 --- 2021-08-09 2021-08-19 2021-08-26
CLPR 2021-05-19 0.095 --- 2021-05-10 2021-05-20 2021-05-27
CLPR 2021-03-25 0.095 --- 2021-03-16 2021-03-26 2021-03-31
CLPR 2020-11-19 0.095 --- 2020-11-09 2020-11-20 2020-11-27
CLPR 2020-08-20 0.095 --- 2020-08-10 2020-08-21 2020-08-28
CLPR 2020-05-21 0.095 --- 2020-05-11 2020-05-22 2020-05-29
CLPR 2020-03-23 0.095 --- 2020-03-12 2020-03-24 2020-03-31
CLPR 2019-11-22 0.095 --- 2019-11-12 2019-11-25 2019-12-03
CLPR 2019-08-12 0.095 --- 2019-08-01 2019-08-13 2019-08-21
CLPR 2019-05-20 0.095 --- 2019-05-09 2019-05-21 2019-05-29
CLPR 2019-03-15 0.095 --- 2019-03-07 2019-03-18 2019-03-26
CLPR 2018-11-13 0.095 --- 2018-11-01 2018-11-14 2018-11-20
CLPR 2018-08-17 0.095 --- 2018-08-08 2018-08-20 2018-08-27
CLPR 2018-05-21 0.095 --- 2018-05-10 2018-05-22 2018-05-29
CLPR 2018-03-21 0.095 --- 2018-03-08 2018-03-22 2018-03-29
CLPR 2017-11-03 0.095 --- 2017-10-26 2017-11-06 2017-11-13
CLPR 2017-08-03 0.095 --- 2017-07-27 2017-08-07 2017-08-14

Financial Statements Overview


The next Earnings Report for CLPR is 2022-08-09

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Current Cash 116,300,000 53,870,000 56,932,000 60,636,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 8,199,000 8,560,000 7,049,000 9,053,000
Other Assets 14,352,000 9,654,000 17,506,000 14,439,000
Net Tangible Assets 40,007,000 43,512,000 46,789,000 47,720,000
Total Assets 1,230,449,000 1,157,953,000 1,166,207,000 1,138,318,000
Accounts Payable 0 0 0 0
Liabilities (Other) 23,202,000 23,342,000 26,521,000 26,716,000
Current Liabilities (Other) 0 0 0 0
Total Current Liabilities 0 0 0 0
Current Long-term Debt 21,769,000 23,979,000 24,700,000 835,000
Long-term Debt 1,057,908,000 973,773,000 973,203,000 962,383,000
Total Liabilities 1,102,879,000 1,021,094,000 1,024,424,000 989,934,000
Minority Interest -3,283,000 -480,000 -1,579,000 -109,000
Common Stock 17,814,672 17,814,672 17,814,672 17,814,672
Retained Earnings -42,307,000 -38,393,000 -36,375,000 -33,612,000
Treasury Stock 0 0 0 0
Capital Surplus 93,626,000 93,461,000 93,431,000 93,332,000
Shareholder Equity 51,497,000 55,246,000 57,234,000 59,898,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Total Revenue 30,729,000 30,916,000 30,656,000 29,470,000
Cost of Revenue 19,518,000 19,611,000 19,618,000 19,056,000
Gross Profit 11,211,000 11,305,000 11,038,000 10,414,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 21,952,000 21,670,000 22,634,000 20,960,000
Operating Income 8,506,000 8,974,000 8,022,000 8,510,000
Income Expense Net (Other) -14,011,000 -9,780,000 -10,672,000 -8,692,000
EBIT 8,506,000 8,974,000 8,022,000 8,510,000
Interest Income 9,708,000 9,516,000 10,011,000 8,692,000
Pretax Income -5,505,000 -806,000 -2,650,000 -182,000
Income Tax 0 0 0 0
Minority Interest -3,283,000 -480,000 -1,579,000 -109,000
Net Income -2,348,000 -410,000 -1,154,000 -157,000
Net Income Basic -2,348,000 -410,000 -1,154,000 -157,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Net Income -2,348,000 -410,000 -1,154,000 -157,000
Depreciation 5,993,000 5,707,000 6,900,000 4,801,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 62,430,000 -3,062,000 -3,704,000 -12,168,000
Cash Flow -3,968,000 9,050,000 5,382,000 7,947,000
Capital Expenditures -6,521,000 -7,101,000 -8,812,000 -13,579,000
Investments 0 0 -31,129,000 0
Investing Activity (Other) 0 -14,000 1,550,000 -1,550,000
Total Investing Cash Flows -6,410,000 -7,115,000 -38,391,000 -15,129,000
Dividends Paid -4,319,000 -4,276,000 -4,276,000 -4,275,000
Net Borrowings 82,347,000 -721,000 35,946,000 -711,000
Cash Flow Financing 72,808,000 -4,997,000 29,305,000 -4,986,000
Financing Cash Flows (Other) -5,220,000 0 -2,365,000 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
5 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
Rating AFFO & Efficiency Section Avg. Rating
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
1 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.5
5 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.7
7 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.0
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
9 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.0
4.7 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-08-09 - v3.4