Clipper Realty Inc. (CLPR) Reports Q2 FFO of $0.12

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Go back to Clipper Realty Inc. (CLPR) Reports Q2 FFO of $0.12

Clipper Realty Inc. Announces Second Quarter 2020 Results

August 10, 2020 4:05 PM EDT

Announces Stock Repurchase Program

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 June 30, 2020.

Highlights for the Three Months Ended June 30, 2020

Achieved quarterly revenues of $30.7 million for the second quarter of 2020, representing an increase of 8.0% compared to the same period in 2019 Achieved quarterly income from operations of $8.6 million for the second quarter of... More