Clipper Realty Inc. (CLPR) Misses Q4 EPS by 2c

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Go back to Clipper Realty Inc. (CLPR) Misses Q4 EPS by 2c

Clipper Realty Inc. Announces Fourth Quarter 2021 Results

March 15, 2022 4:35 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 December 31, 2021.

Highlights for the Three Months Ended December 31, 2021

Achieved quarterly revenues of $30.8 million for the fourth quarter of 2021 Achieved quarterly income from operations of $4.1 million for the fourth quarter of 2021, or $6.8 million exclusive of a non-recurring $2.7 million charge for a litigation settlement Achieved quarterly net operating income... More