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

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

Clipper Realty Inc. Announces First Quarter 2021 Results

May 10, 2021 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, 2021.

Highlights for the Three Months Ended March 31, 2021

Achieved quarterly revenues of $30.7 million for the first quarter of 2021 Achieved quarterly income from operations of $6.1 million for the first quarter of 2021 Achieved quarterly net operating income (NOI)1 of $14.8 million for the first quarter of 2021 Recorded quarterly net loss... More