Clipper Realty Inc.(CLPR)Earnings, Financials & Key Ratios
CLPR•NYSE•REIT / Real Estate
$3.11
$50M mkt cap·Price updated May 6, 2026
AboutClipper 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 more
- Revenue$153M+3.0%
- FFO$11M-58.1%
- FFO/Share0.27-84.1%
- FFO Payout161.5%+150.6%
- FFO per Share0.27-84.1%
- NOI Margin80.16%+40.6%
- FFO Margin7.46%-59.3%
- ROA-1.58%-700.9%
- Net Debt/EBITDA-0.87-104.9%
- Book Value/Share-1.90-115.3%
CLPR Key Insights
Clipper Realty Inc. (CLPR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High NOI margin of 80.2%
✗Weaknesses
- ✗FFO declining 58.1% TTM
- ✗Dividend exceeds FFO - may not be sustainable
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CLPR Price & Volume
Clipper Realty Inc. (CLPR) stock price & volume — 10-year historical chart
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CLPR Growth Metrics
Clipper Realty Inc. (CLPR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.12%
5 Years4.51%
3 Years5.7%
TTM2.98%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-695.68%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-456.73%
Return on Capital
10 Years2.53%
5 Years2.12%
3 Years2.1%
Last Year0.33%
CLPR Peer Comparison
Clipper Realty Inc. (CLPR) competitors in Value-add and redevelopment apartments — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 VRE | 1.78B | 18.95 | 23.69 | 6.4% | 24.19% | 5.59% | 1.07 | |
 ELME | 192.82M | 2.17 | -1.24 | -100% | -18.93% | 2.18 | ||
 NHI | 3.58B | 73.88 | 24.46 | 12.93% | 36.76% | 9.78% | 0.76 | |
 NXRT | 757.54M | 29.85 | -23.69 | -3.24% | -12.67% | -10.13% | 5.18 | |
 EQR | 24.79B | 66.16 | 22.74 | 4.06% | 30.56% | 8.4% | 0.77 | |
 AVB | 25.94B | 186.44 | 25.23 | 4.29% | 34.64% | 8.76% | 0.79 | |
 UDR | 12.07B | 37.04 | 32.78 | 2.42% | 28.6% | 12.37% | 1.49 | |
 CPT | 10.98B | 104.83 | 29.61 | 1.92% | 32.81% | 8.71% | 0.88 |
Compare CLPR vs Peers
Clipper Realty Inc. (CLPR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CLPR Income Statement
Clipper Realty Inc. (CLPR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 103.95M | 110M | 116.17M | 122.85M | 122.73M | 129.75M | 138.21M | 148.78M | 153.2M |
| Revenue Growth % | 11.77% | 5.82% | 5.61% | 5.75% | -0.1% | 5.72% | 6.52% | 7.65% | 2.98% |
| Property Operating Expenses | 47.71M | 49.56M | 53.85M | 58.19M | 59.45M | 61.87M | 62.57M | 63.93M | 30.39M |
| Net Operating Income (NOI) | 56.24M▲ 0% | 60.44M▲ 7.5% | 62.31M▲ 3.1% | 64.66M▲ 3.8% | 63.28M▼ 2.1% | 67.88M▲ 7.3% | 75.64M▲ 11.4% | 84.84M▲ 12.2% | 122.81M▲ 44.7% |
| NOI Margin % | 54.1% | 54.94% | 53.64% | 52.63% | 51.56% | 52.32% | 54.73% | 57.03% | 80.16% |
| Operating Expenses | 26.66M | 27.88M | 28.82M | 32.52M | 39.12M | 40.24M | 42.47M | 44.31M | 15.52M |
| G&A Expenses | 9.94M | 9.87M | 9.17M | 9.73M | 10.57M | 12.75M | 13.17M | 14.15M | 15.52M |
| EBITDA | 104.31M | 109.8M | 51.75M | 55.38M | 49.92M | 54.62M | 61.98M | 70.31M | 35.5M |
| EBITDA Margin % | 100.35% | 99.82% | 44.55% | 45.08% | 40.68% | 42.1% | 44.84% | 47.26% | 23.17% |
| Depreciation & Amortization | 74.81M | 77.34M | 18.26M | 23.24M | 25.76M | 26.98M | 28.81M | 29.79M | 31.33M |
| D&A / Revenue % | 71.96% | 70.31% | 15.72% | 18.92% | 20.99% | 20.8% | 20.84% | 20.02% | 20.45% |
| Operating Income | 29.5M▲ 0% | 32.46M▲ 10.0% | 33.5M▲ 3.2% | 32.14M▼ 4.0% | 24.16M▼ 24.8% | 27.64M▲ 14.4% | 33.17M▲ 20.0% | 40.53M▲ 22.2% | 4.18M▼ 89.7% |
| Operating Margin % | 28.38% | 29.51% | 28.83% | 26.16% | 19.69% | 21.3% | 24% | 27.24% | 2.73% |
| Interest Expense | 35.51M | 32.78M | 35.19M | 40.23M | 41.28M | 40.21M | 44.87M | 47.11M | -53.03M |
| Interest Coverage | 0.83x | 0.99x | 0.95x | 0.80x | 0.59x | 0.69x | 0.74x | 0.86x | - |
| Non-Operating Income | 0 | 8.68M | 0 | 838K | 2.9M | 0 | 3.87M | 0 | 0 |
| Pretax Income | -6M▲ 0% | -9M▼ 50.0% | -4.12M▲ 54.2% | -12.23M▼ 196.6% | -20.02M▼ 63.7% | -12.57M▲ 37.2% | -15.56M▼ 23.8% | -6.58M▲ 57.7% | -19.9M▼ 202.3% |
| Pretax Margin % | -5.77% | -8.18% | -3.55% | -9.95% | -16.31% | -9.69% | -11.26% | -4.42% | -12.99% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -2.36M▲ 0% | -3.63M▼ 54.1% | -1.67M▲ 54.2% | -4.91M▼ 194.7% | -7.59M▼ 54.6% | -4.76M▲ 37.2% | -5.9M▼ 23.8% | -2.5M▲ 57.6% | -19.9M▼ 696.0% |
| Net Margin % | -2.27% | -3.3% | -1.43% | -3.99% | -6.18% | -3.67% | -4.27% | -1.68% | -12.99% |
| Net Income Growth % | 36.89% | -54.14% | 54.17% | -194.65% | -54.65% | 37.21% | -23.85% | 57.63% | -696% |
| Funds From Operations (FFO) | 72.45M▲ 0% | 73.71M▲ 1.7% | 16.59M▼ 77.5% | 18.33M▲ 10.5% | 18.18M▼ 0.9% | 22.22M▲ 22.3% | 22.91M▲ 3.1% | 27.29M▲ 19.1% | 11.43M▼ 58.1% |
| FFO Margin % | 69.7% | 67.01% | 14.28% | 14.92% | 14.81% | 17.13% | 16.57% | 18.34% | 7.46% |
| FFO Growth % | 14.4% | 1.74% | -77.49% | 10.49% | -0.86% | 22.26% | 3.09% | 19.12% | -58.12% |
| FFO per Share | 4.26 | 4.14 | 0.93 | 1.04 | 1.13 | 1.38 | 1.43 | 1.69 | 0.27 |
| FFO Payout Ratio % | 22.86% | 9.18% | 40.79% | 94.05% | 33.58% | 76.83% | 75.93% | 64.44% | 161.5% |
| EPS (Diluted) | -0.14▲ 0% | -0.20▼ 42.9% | -2.17▼ 985.0% | -0.31▲ 85.7% | -0.51▼ 64.5% | -0.36▲ 29.4% | -0.45▼ 25.0% | -0.25▲ 44.4% | -0.47▼ 88.0% |
| EPS Growth % | 30% | -42.86% | -985% | 85.71% | -64.52% | 29.41% | -25% | 44.44% | -88% |
| EPS (Basic) | -0.14 | -0.20 | -2.17 | -0.31 | -0.51 | -0.36 | -0.55 | -0.25 | -0.47 |
| Diluted Shares Outstanding | 17.02M | 17.81M | 17.81M | 17.63M | 16.06M | 16.06M | 16.06M | 16.11M | 42.46M |
CLPR Balance Sheet
Clipper Realty Inc. (CLPR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.05B | 1.1B | 1.17B | 1.21B | 1.23B | 1.23B | 1.25B | 1.29B | 1.23B |
| Asset Growth % | 16.26% | 4.62% | 5.92% | 3.57% | 2.14% | -0.33% | 1.6% | 3.01% | -4.09% |
| Real Estate & Other Assets | 3.78M | 1.03B | 1.08B | 1.09B | 1.15B | 1.17B | 0 | 0 | 0 |
| PP&E (Net) | 996.89M | 1.03B | 0 | 0 | 0 | 0 | 1.19B | 1.23B | 0 |
| Investment Securities | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 40.12M | 62.82M | 75.62M | 107.19M | 78.13M | 49.33M | 54.62M | 52.76M | 39.49M |
| Cash & Equivalents | 8.27M | 37.03M | 42.5M | 72.06M | 34.52M | 18.15M | 22.16M | 19.9M | 30.82M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 25.09M | 8.84M | 14.43M | 16.97M | 17.7M | 26.17M | 24.92M | 24.39M | 0 |
| Intangible Assets | 11.63M | 9.68M | 8.43M | 7.37M | 6.78M | 6.28M | 6.13M | 5.68M | 5.33M |
| Total Liabilities | 866.83M | 939.52M | 1.02B | 1.1B | 1.16B | 1.19B | 1.24B | 1.3B | 1.32B |
| Total Debt | 843.95M | 913.56M | 999.53M | 1.08B | 1.13B | 1.16B | 1.21B | 1.27B | 0 |
| Net Debt | 835.67M | 876.54M | 957.03M | 1.01B | 1.1B | 1.14B | 1.18B | 1.25B | -30.82M |
| Long-Term Debt | 843.95M | 913.56M | 997.9M | 1.08B | 1.13B | 1.16B | 1.21B | 1.27B | 0 |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 1.63M | 157K | 53K | 18K | 0 | 0 | 0 |
| Total Current Liabilities | 9.07M | 12.55M | 13.03M | 11.72M | 19.56M | 17.09M | 20.99M | 18.73M | 0 |
| Accounts Payable | 8.6M | 12.55M | 0 | 0 | 0 | 0 | 20.99M | 18.73M | 0 |
| Deferred Revenue | -436.06M | -923.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 13.95M | 13.41M | 11.87M | 12.41M | 12.94M | 13.75M | 15.48M | 16.12M | 0 |
| Total Equity | 185.59M▲ 0% | 161.49M▼ 13.0% | 141.78M▼ 12.2% | 104.11M▼ 26.6% | 69.95M▼ 32.8% | 37.18M▼ 46.8% | 7.24M▼ 80.5% | -14.23M▼ 296.7% | -80.75M▼ 467.5% |
| Equity Growth % | 47.04% | -12.99% | -12.2% | -26.57% | -32.81% | -46.85% | -80.54% | -296.68% | -467.49% |
| Shareholders Equity | 74.91M | 65.18M | 57.23M | 39.46M | 26.51M | 14.09M | 2.74M | -5.41M | -30.71M |
| Minority Interest | 110.68M | 96.3M | 84.55M | 64.65M | 43.44M | 23.09M | 4.49M | -8.82M | -50.05M |
| Common Stock | 178K | 178K | 178K | 160K | 160K | 160K | 160K | 160K | 160K |
| Additional Paid-in Capital | 92.27M | 92.94M | 93.43M | 87.35M | 88.09M | 88.83M | 89.48M | 89.94M | 0 |
| Retained Earnings | -17.54M | -27.94M | -36.38M | -48.05M | -61.74M | -74.89M | -86.9M | -95.51M | -121.54M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -0.24% | -0.34% | -0.15% | -0.41% | -0.62% | -0.39% | -0.48% | -0.2% | -1.58% |
| Return on Equity (ROE) | -1.51% | -2.09% | -1.1% | -3.99% | -8.72% | -8.89% | -26.57% | - | - |
| Debt / Assets | 80.19% | 82.98% | 85.71% | 89.38% | 91.7% | 94.47% | 96.5% | 98.4% | - |
| Debt / Equity | 4.55x | 5.66x | 7.05x | 10.37x | 16.17x | 31.24x | 166.64x | - | - |
| Net Debt / EBITDA | 8.01x | 7.98x | 18.49x | 18.19x | 21.97x | 20.93x | 19.10x | 17.73x | -0.87x |
| Book Value per Share | 10.90 | 9.07 | 7.96 | 5.91 | 4.35 | 2.31 | 0.45 | -0.88 | -1.90 |
CLPR Cash Flow Statement
Clipper Realty Inc. (CLPR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 10.77M | 27.26M | 23.77M | 15.99M | 10.82M | 20.14M | 26.18M | 31.86M | 22.57M |
| Operating CF Growth % | 15.23% | 152.98% | -12.78% | -32.74% | -32.32% | 86.09% | 30.02% | 21.68% | -29.16% |
| Operating CF / Revenue % | 10.36% | 24.78% | 20.46% | 13.02% | 8.82% | 15.52% | 18.95% | 21.42% | 14.73% |
| Net Income | -6M | -9M | -4.12M | -12.23M | -20.02M | -12.57M | -15.56M | -6.58M | -19.9M |
| Depreciation & Amortization | 13.81M | 14.85M | 17.78M | 22.76M | 25.43M | 26.74M | 28.81M | 29.79M | 31.81M |
| Stock-Based Compensation | 3.11M | 1.94M | 1.51M | 1.8M | 2.61M | 2.92M | 3.02M | 2.7M | 4.27M |
| Other Non-Cash Items | 5.96M | 3.84M | 4.07M | 6.84M | 1.67M | 1.54M | 6.29M | 2.99M | 6.4M |
| Working Capital Changes | -6.37M | 6.97M | 2.1M | -3.19M | -3.76M | 1.51M | 3.63M | 2.97M | 0 |
| Cash from Investing | -187.66M | -39.3M | -74.9M | -31.71M | -77.94M | -51.48M | -41.36M | -68.78M | 12.09M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | -2.02M | 2.02M | 0 | 0 | 0 |
| Purchase of Investments | -167.38M | 0 | -31.13M | 0 | -40.55M | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 356K | 0 | 0 | 1000K | 0 | 0 | 0 | 0 |
| Other Investing | -167.38M | 226K | 0 | -31.71M | -75.93M | -53.49M | -41.36M | -68.78M | 12.09M |
| Cash from Financing | 147.61M | 41.13M | 62.2M | 47.82M | 30.31M | 9.78M | 20.73M | 38.75M | -14.56M |
| Dividends Paid | -16.57M | -6.77M | -6.77M | -17.24M | -6.1M | -17.07M | -17.39M | -17.58M | -18.45M |
| Common Dividends | -16.57M | -6.77M | -6.77M | -17.24M | -6.1M | -17.07M | -17.39M | -17.58M | 0 |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Share Repurchases | 0 | -7K | 0 | -10M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -4.89M | -22.6M | -14.85M | -5.22M | -17.91M | -335K | -9.67M | 0 | 3.9M |
| Net Change in Cash | -29.27M▲ 0% | 29.09M▲ 199.4% | 5.47M▼ 81.2% | 32.1M▲ 486.6% | -36.81M▼ 214.7% | -21.56M▲ 41.4% | 5.56M▲ 125.8% | 1.83M▼ 67.1% | 20.1M▲ 1000.3% |
| Exchange Rate Effect | -334K | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 37.55M | 7.94M | 37.03M | 56.93M | 89.03M | 52.22M | 30.67M | 36.23M | 38.05M |
| Cash at End | 8.27M | 37.03M | 42.5M | 89.03M | 52.22M | 30.67M | 36.23M | 38.05M | 58.15M |
| Free Cash Flow | -9.5M▲ 0% | -12.62M▼ 32.8% | -20M▼ 58.5% | 15.99M▲ 179.9% | -24.71M▼ 254.5% | 20.14M▲ 181.5% | 26.18M▲ 30.0% | 31.86M▲ 21.7% | 22.57M▼ 29.2% |
| FCF Growth % | 91.51% | -32.82% | -58.48% | 179.94% | -254.53% | 181.5% | 30.02% | 21.68% | -29.16% |
| FCF / Revenue % | -9.14% | -11.47% | -17.22% | 13.02% | -20.13% | 15.52% | 18.95% | 21.42% | 14.73% |
CLPR Key Ratios
Clipper Realty Inc. (CLPR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 3.44 | 4.26 | 4.14 | 0.93 | 1.04 | 1.13 | 1.38 | 1.43 | 1.69 | 0.27 |
| FFO Payout Ratio | 15.71% | 22.86% | 9.18% | 40.79% | 94.05% | 33.58% | 76.83% | 75.93% | 64.44% | 161.5% |
| NOI Margin | 53.57% | 54.1% | 54.94% | 53.64% | 52.63% | 51.56% | 52.32% | 54.73% | 57.03% | 80.16% |
| Net Debt / EBITDA | 7.72x | 8.01x | 7.98x | 18.49x | 18.19x | 21.97x | 20.93x | 19.10x | 17.73x | -0.87x |
| Debt / Assets | 83.35% | 80.19% | 82.98% | 85.71% | 89.38% | 91.7% | 94.47% | 96.5% | 98.4% | - |
| Interest Coverage | 0.68x | 0.83x | 0.99x | 0.95x | 0.80x | 0.59x | 0.69x | 0.74x | 0.86x | - |
| Book Value / Share | 6.85 | 10.9 | 9.07 | 7.96 | 5.91 | 4.35 | 2.31 | 0.45 | -0.88 | -1.9 |
| Revenue Growth | 9.93% | 11.77% | 5.82% | 5.61% | 5.75% | -0.1% | 5.72% | 6.52% | 7.65% | 2.98% |
CLPR Frequently Asked Questions
Clipper Realty Inc. (CLPR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Clipper Realty Inc. (CLPR) reported $153.2M in revenue for fiscal year 2025. This represents a 270% increase from $41.5M in 2013.
Clipper Realty Inc. (CLPR) grew revenue by 3.0% over the past year. Growth has been modest.
Clipper Realty Inc. (CLPR) reported a net loss of $19.9M for fiscal year 2025.
Dividend & Returns
Yes, Clipper Realty Inc. (CLPR) pays a dividend with a yield of 13.97%. This makes it attractive for income-focused investors.
Industry Metrics
Clipper Realty Inc. (CLPR) generated Funds From Operations (FFO) of $11.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Clipper Realty Inc. (CLPR) offers a 13.97% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Explore More CLPR
Clipper Realty Inc. (CLPR) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates