GICS Sector : Real Estate
Clipper Realty Inc.(NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. Show Full description
Clipper Realty reported revenues of $37.1 million, Net Operating Income (NOI) of $20.7 million, and Adjusted Funds From Operations (AFFO) of $1.7 million for the fourth quarter of 2025. The company's earnings per share (EPS) came in at $0.04, missing analyst estimates of $0.11. The residential property segment drove revenue growth, but was offset by a $4.0 million decrease due to the termination of the New York City lease at the 250 Livingston Street office property. As David Bistricer noted, "our residential properties continue to perform very well due to continued high residential rental demand, generating excellent cash flow."
Publication Date: Mar -07
The company's residential leasing performance was robust, with stabilized properties at 99% occupancy and new leases exceeding prior rents by 13%. The Prospect House development is also making progress, with 78% occupancy and free market rents at $85 per square foot. The strong leasing performance is a testament to the company's ability to capitalize on high demand for residential rentals.
With a P/S Ratio of 0.33, Clipper Realty's valuation appears reasonable compared to its revenue. The Dividend Yield stands at 12.18%, indicating an attractive return for income investors. However, the EV/EBITDA ratio of 20.12 suggests that the company's enterprise value may be high relative to its earnings. Looking ahead, analysts estimate revenue growth of 3.4% for the next year, which could provide a positive catalyst for the stock.
The termination of the New York City lease at 250 Livingston Street and the absence of results from the 10 West 65th Street property are potential headwinds for the company. However, with $30.8 million in unrestricted cash and a manageable debt profile (89% fixed at an average rate of 3.87%), Clipper Realty is well-positioned to navigate these challenges. The company's focus on efficiently operating its portfolio and capitalizing on new opportunities should help drive long-term value creation.
Seeking Shelter In A Shifting Market
Mar -01
Clipper Realty: Cheap Even With Office And Political Overhangs
Feb -27
Clipper Realty Inc. (CLPR) Q4 2025 Earnings Call Transcript
Feb -27
Clipper Realty Inc. (CLPR) Misses Q4 FFO and Revenue Estimates
Feb -26
Sell Alert: 3 REITs Facing Likely Dividend Cuts
Jan -22
Clipper Realty Inc. (NYSE:CLPR) Short Interest Up 21.1% in December
Jan -21
Insider Buying: Clipper Realty (NYSE:CLPR) Director Buys $10,585.47 in Stock
Jan -03
Sam Levinson Purchases 19,558 Shares of Clipper Realty (NYSE:CLPR) Stock
Jan -02
Clipper Realty's 4.5% growth in Residential segment is driven by increasing demand for affordable housing, favorable demographics, and strategic expansion into high-growth markets. Additionally, the company's focus on amenity-rich communities, strong brand recognition, and efficient operations contribute to its growth momentum.
Clipper Realty Inc.'s 5.5% growth is driven by increasing demand for multifamily housing, strategic acquisitions, and effective cost management. Additionally, the company's focus on value-add initiatives, such as renovations and repositioning, has enhanced property values and driven rental growth.
Clipper Realty Inc. offers residential brokerage services, connecting buyers and sellers of residential properties, including single-family homes, condominiums, and townhouses.
Clipper Realty Inc. provides commercial brokerage services, facilitating the buying and selling of commercial properties, including office buildings, retail spaces, and industrial facilities.
Clipper Realty Inc. offers property management services, overseeing the day-to-day operations of residential and commercial properties, including rent collection, maintenance, and financial reporting.
Clipper Realty Inc. develops and constructs new properties, including residential and commercial projects, from concept to completion.
Clipper Realty Inc. facilitates the sale of investment properties, including apartment buildings, office buildings, and retail centers.
The threat of substitutes for Clipper Realty Inc. is moderate, as there are alternative options for customers, but they are not highly attractive.
The bargaining power of customers is low, as Clipper Realty Inc. has a strong brand and customers have limited alternatives.
The bargaining power of suppliers is moderate, as Clipper Realty Inc. relies on a few key suppliers, but has some flexibility in its supply chain.
The threat of new entrants is high, as the real estate industry is relatively easy to enter, and new companies can quickly gain market share.
The intensity of rivalry is high, as the real estate industry is highly competitive, and companies must constantly innovate to stay ahead.
| Value | |
|---|---|
| Debt Weight | 99.77% |
| Debt Cost | 8.06% |
| Equity Weight | 0.23% |
| Equity Cost | 10.06% |
| WACC | 8.06% |
| Leverage | 43936.73% |
Value: 9.8
Growth: 6.2
Quality: 5.8
Yield: 10.0
Momentum: 2.5
Volatility: 4.0
1-Year Total Return ->
Value: 6.6
Growth: 5.1
Quality: 5.2
Yield: 9.0
Momentum: 2.0
Volatility: 8.0
1-Year Total Return ->
Value: 6.0
Growth: 3.2
Quality: 4.5
Yield: 8.0
Momentum: 5.0
Volatility: 8.3
1-Year Total Return ->
Value: 6.1
Growth: 5.3
Quality: 3.8
Yield: 9.0
Momentum: 2.0
Volatility: 8.7
1-Year Total Return ->
Value: 3.9
Growth: 2.9
Quality: 4.6
Yield: 9.0
Momentum: 3.0
Volatility: 9.7
1-Year Total Return ->
Value: 7.5
Growth: 5.6
Quality: 3.2
Yield: 9.0
Momentum: 1.0
Volatility: 5.0
1-Year Total Return ->