Clipper Realty Inc. (CLPR) Tops Q3 EPS by 1c

Clipper Realty Inc. (NYSE: CLPR) reported Q3 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $27.9 million versus the consensus estimate of $28.06 million.

• Achieved record quarterly revenues of $27.9 million for the third quarter 2018, representing an increase of 7.5% compared to the same period in 2017
• Achieved record quarterly income from operations of $9.1 million and quarterly net operating income (“NOI”)1 of $15.2 million for the third quarter 2018, representing increases of 23.8% and 8.7%, respectively, compared to the same period in 2017
• Achieved record quarterly net income of $1.3 million for the third quarter 2018, compared to a net loss of $1.6 million for the same period in 2017
• Achieved record quarterly adjusted funds from operations (“AFFO”)1 of $5.8 million for the third quarter 2018, representing an increase of 43.2% compared to the same period in 2017
• Declared a dividend of $0.095 per share for the third quarter 2018

For earnings history and earnings-related data on Clipper Realty Inc. (CLPR) click here.

You May Also Be Interested In

• 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
• Aspire Biopharma to acquire automotive supplier for $30 million
• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$221 at BMO Capital