Clipper Realty Inc. (CLPR) Misses Q3 EPS by 6c, Revenues Miss

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Go back to Clipper Realty Inc. (CLPR) Misses Q3 EPS by 6c, Revenues Miss

Clipper Realty Inc. Announces Third Quarter 2020 Results

November 9, 2020 4:05 PM EST

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 September 30, 2020.

Highlights for the Three Months Ended September 30, 2020

Achieved quarterly revenues of $29.6 million for the third quarter of 2020, representing an increase of 0.6% compared to the same period in 2019 Achieved quarterly income from operations of $6.8 million for the third quarter of 2020, or $5.9 million excluding a non-recurring $0.8 million gain on... More