Clipper Realty, Inc. (CLPR)

Clipper Realty's stock has experienced fluctuations over the past six months. As of October 24, 2025, the share price was $4.15, a 37.41% decline from $6.63 on October 28, 2024. In Q1 2025, the company reported record quarterly revenue of $39.4 million, a 10.2% increase year-over-year, despite missing the forecast, with an EPS of -$0.86. Residential leasing was strong, with 99% occupancy and new leases exceeding prior rents by over 15%. In Q2 2025, revenues were $39.0 million, up 5% from the previous year, with a record NOI of $22.1 million, also up 5%, and a record AFFO of $8.3 million, an 18% increase. The company declared a quarterly dividend of $0.095 per share for both Q1 and Q2 2025. Agreements were made to sell 10 West 65th Street for $45.5 million, expected to generate $12 million in net proceeds. Construction on the 953 Dean Street development in Brooklyn was completed, adding 240 residential units and 19,000 commercial rental square feet. The lease for 250 Livingston Street was terminated by the City of New York, reducing rent by $15.4 million. A five-year lease renewal for 141 Livingston Street, leased to the City of New York, is in process. In October 2025, Wall Street Zen downgraded Clipper Realty's rating from "hold" to "sell," and Zacks Research lowered its rating from "strong-buy" to "hold." On October 27, 2025, the stock price fell by -2.41% to $4.05, while on October 20, 2025, it rose by 3.9% to $4.17.

Demand for Clipper Realty, Inc.'s residential and commercial rentals in the New York metropolitan area exhibits some seasonality and is influenced by broader market trends. The company has reported strong residential leasing, with high occupancy rates and increasing rents, driven by high demand and constrained housing supply in New York City. The first quarter typically has lower income levels due to higher winter heating costs, yet Q1 2025 saw near-record net operating income and AFFO due to strong rental demand. New developments are strategically timed to commence leasing during the summer season to capitalize on demand. Historically, October has shown a tendency to favor a short bias for the stock. Overall, increasing demand for residential rentals in NYC due to population growth and urbanization trends presents an opportunity for the company. However, economic downturns could lead to decreased occupancy rates and rental income.

Clipper Realty, Inc. is a self-administered and self-managed real estate company focused on acquiring, owning, managing, operating, and repositioning multifamily residential and commercial properties. Operating within the Real Estate sector, specifically in the Residential REIT industry, its portfolio includes properties like Flatbush Gardens and Tribeca House, comprising market-rate and rent-regulated units, and retail spaces. The company aims to generate revenue through rental income and property appreciation, focusing on stable cash flow and long-term value creation.

Clipper Realty, Inc. concentrates its operations exclusively within the New York metropolitan area, with its portfolio strategically located in Manhattan and Brooklyn. The company emphasizes well-located, transit-oriented properties within these high-barrier-to-entry markets.

There have been no significant negative events or controversies widely reported in the past year that have specifically impacted Clipper Realty, Inc.'s brand reputation. The company emphasizes maintaining high ethical standards and fostering positive relationships with tenants, employees, and the community.

Clipper Realty Inc. has a mixed ownership structure with significant insider and institutional holdings. Sam Levinson is the largest individual shareholder, holding 45.71% of the company's shares, followed by David Bistricer, the CEO, owning 43.28%. Jacob Schwimmer holds 13.55% of the shares. Institutional shareholders hold 32.74% of the company, with major owners including BlackRock, Inc., Vanguard Group Inc, and Morgan Stanley.