Clipper Realty Inc. (CLPR) Misses Q1 EPS by 13c

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Go back to Clipper Realty Inc. (CLPR) Misses Q1 EPS by 13c

Clipper Realty Inc. Announces First Quarter 2023 Results

May 4, 2023 4:02 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, 2023.

Highlights for the Three Months Ended March 31, 2023

Record quarterly revenues of $33.7 million for the first quarter of 2023 Quarterly income from operations of $6.9 million for the first quarter of 2023 Net operating income (NOI)1 of $17.1 million for the first quarter of 2023 Quarterly net loss of $7.1 million for the... More