Clipper Realty Inc. (CLPR) Reports Q1 FFO of $0.12

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Go back to Clipper Realty Inc. (CLPR) Reports Q1 FFO of $0.12

Clipper Realty Inc. Announces First Quarter 2019 Results

May 9, 2019 4:05 PM EDT

NEW YORK--(BUSINESS WIRE)-- Clipper Realty Inc. (NYSE: CLPR) (the Company), a leading owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced financial and operating results for the three months ended March 31, 2019.

Highlights for the Three Months Ended March 31, 2019

Recorded quarterly revenues of $27.7 million for the first quarter 2019, representing an increase of 2.9% compared to the same period in 2018. Residential rental income increased 8.3% and 6.8% at the Flatbush Gardens and Tribeca House properties, respectively Recorded quarterly income from... More