Clipper Realty Inc. Announces First Quarter 2021 Results

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Go back to Clipper Realty Inc. Announces First Quarter 2021 Results

Clipper Realty Inc. (CLPR) Misses Q1 EPS by 18c

May 10, 2021 4:38 PM EDT

Clipper Realty Inc. (NYSE: CLPR) reported Q1 EPS of ($0.18), $0.18 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $30.7 million versus the consensus estimate of $30.8 million. For the first quarter of 2021, AFFO was $3.1 million, or $0.07 per share, compared to $5.6 million, or $0.13 per share, for the first quarter of 2020.

David Bistricer, Co-Chairman and Chief Executive Officer, commented,

We continue to see meaningful signs of improvement as New York City... More