Clipper Realty Inc. (CLPR) 10-Year Financial Performance & Capital Metrics

CLPR • • REIT / Real Estate

Real EstateResidential REITsMultifamily ApartmentsUrban Multifamily Focus

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 $149M +7.6%
FFO $27M +19.1%
FFO/Share 1.69 +18.8%
FFO Payout 64.44% -15.1%
FFO per Share 1.69 +18.8%
NOI Margin 57.03% +4.2%
FFO Margin 18.34% +10.7%
ROE -
ROA -0.2% +58.6%
Debt/Assets 98.4% +2.0%
Net Debt/EBITDA 17.73 -7.2%
Book Value/Share -0.88 -296.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 64.4%

✗Weaknesses

✗FFO declining 45.9% TTM

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y12.03%

5Y5.07%

3Y6.63%

TTM5.9%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-406.38%

EPS CAGR

10Y-

5Y-

3Y-

TTM-319.85%

ROCE

10Y Avg2.85%

5Y Avg2.6%

3Y Avg2.75%

Latest3.25%

Peer Comparison

Urban Multifamily Focus

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLPRClipper Realty Inc.	60.23M	3.73	-14.92	7.65%	-10.4%		52.9%
VREVeris Residential, Inc.	1.39B	14.86	-59.44	4.14%	22.09%	4.92%	3.34%	1.35

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	84.6M	93M	103.95M	110M	116.17M	122.85M	122.73M	129.75M	138.21M	148.78M
Revenue Growth %	0.77%	0.1%	0.12%	0.06%	0.06%	0.06%	-0%	0.06%	0.07%	0.08%
Property Operating Expenses	38.21M	43.18M	47.71M	49.56M	53.85M	58.19M	59.45M	61.87M	62.57M	63.93M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	17.82M	23.7M	26.66M	27.88M	28.82M	32.52M	39.12M	40.24M	42.47M	44.31M
G&A Expenses	5.3M	8.4M	9.94M	9.87M	9.17M	9.73M	10.57M	12.75M	13.17M	14.15M
EBITDA+	38.45M	92.87M	104.31M	109.8M	51.75M	55.38M	49.92M	54.62M	61.98M	70.31M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	9.95M	67.07M	74.81M	77.34M	18.26M	23.24M	25.76M	26.98M	28.81M	29.79M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	28.5M	25.8M	29.5M	32.46M	33.5M	32.14M	24.16M	27.64M	33.17M	40.53M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	36.7M	38.14M	35.51M	32.78M	35.19M	40.23M	41.28M	40.21M	44.87M	47.11M
Interest Coverage	0.78x	0.68x	0.83x	0.99x	0.95x	0.80x	0.59x	0.69x	0.74x	0.86x
Non-Operating Income	0	0	0	8.68M	0	838K	2.9M	0	3.87M	0
Pretax Income+	-8.2M	-12.34M	-6M	-9M	-4.12M	-12.23M	-20.02M	-12.57M	-15.56M	-6.58M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-5.05M	-3.73M	-2.36M	-3.63M	-1.67M	-4.91M	-7.59M	-4.76M	-5.9M	-2.5M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.97%	0.26%	0.37%	-0.54%	0.54%	-1.95%	-0.55%	0.37%	-0.24%	0.58%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.37%	11.94%	0.14%	0.02%	-0.77%	0.1%	-0.01%	0.22%	0.03%	0.19%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.27	-0.20	-0.14	-0.20	-2.17	-0.31	-0.51	-0.36	-0.45	-0.25
EPS Growth %	-1.96%	0.26%	0.3%	-0.43%	-9.85%	0.86%	-0.65%	0.29%	-0.25%	0.44%
EPS (Basic)	-0.27	-0.20	-0.14	-0.20	-2.17	-0.31	-0.51	-0.36	-0.55	-0.25
Diluted Shares Outstanding	18.42M	18.42M	17.02M	17.81M	17.81M	17.63M	16.06M	16.06M	16.06M	16.11M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	881.12M	905.21M	1.05B	1.1B	1.17B	1.21B	1.23B	1.23B	1.25B	1.29B
Asset Growth %	0.15%	0.03%	0.16%	0.05%	0.06%	0.04%	0.02%	-0%	0.02%	0.03%
Real Estate & Other Assets+	3.88M	4.09M	3.78M	1.03B	1.08B	1.09B	1.15B	1.17B	0	0
PP&E (Net)	726.11M	823.08M	996.89M	1.03B	0	0	0	0	1.19B	1.23B
Investment Securities	10K	-1000K	-1000K	-1000K	0	0	0	0	0	0
Total Current Assets+	145.86M	64.35M	40.12M	62.82M	75.62M	107.19M	78.13M	49.33M	54.62M	52.76M
Cash & Equivalents	125.33M	37.55M	8.27M	37.03M	42.5M	72.06M	34.52M	18.15M	22.16M	19.9M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	19.05M	11.11M	25.09M	8.84M	14.43M	16.97M	17.7M	26.17M	24.92M	24.39M
Intangible Assets	5.27M	13.69M	11.63M	9.68M	8.43M	7.37M	6.78M	6.28M	6.13M	5.68M
Total Liabilities	734.74M	778.99M	866.83M	939.52M	1.02B	1.1B	1.16B	1.19B	1.24B	1.3B
Total Debt+	713.44M	754.46M	843.95M	913.56M	999.53M	1.08B	1.13B	1.16B	1.21B	1.27B
Net Debt	588.11M	716.91M	835.67M	876.54M	957.03M	1.01B	1.1B	1.14B	1.18B	1.25B
Long-Term Debt	713.44M	754.46M	843.95M	913.56M	997.9M	1.08B	1.13B	1.16B	1.21B	1.27B
Short-Term Borrowings	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	7.85M	0	0	2.92M	1.63M	157K	53K	18K	0	0
Total Current Liabilities+	5.33M	8.98M	9.07M	12.55M	13.03M	11.72M	19.56M	17.09M	20.99M	18.73M
Accounts Payable	5.33M	8.98M	8.6M	12.55M	0	0	0	0	20.99M	18.73M
Deferred Revenue	0	-758.95M	-436.06M	-923.15M	0	0	0	0	0	0
Other Liabilities	15.97M	15.55M	13.95M	13.41M	11.87M	12.41M	12.94M	13.75M	15.48M	16.12M
Total Equity+	146.38M	126.22M	185.59M	161.49M	141.78M	104.11M	69.95M	37.18M	7.24M	-14.23M
Equity Growth %	2.94%	-0.14%	0.47%	-0.13%	-0.12%	-0.27%	-0.33%	-0.47%	-0.81%	-2.97%
Shareholders Equity	44.3M	38.2M	74.91M	65.18M	57.23M	39.46M	26.51M	14.09M	2.74M	-5.41M
Minority Interest	102.07M	88.02M	110.68M	96.3M	84.55M	64.65M	43.44M	23.09M	4.49M	-8.82M
Common Stock	114K	114K	178K	178K	178K	160K	160K	160K	160K	160K
Additional Paid-in Capital	46.05M	46.67M	92.27M	92.94M	93.43M	87.35M	88.09M	88.83M	89.48M	89.94M
Retained Earnings	-1.86M	-8.58M	-17.54M	-27.94M	-36.38M	-48.05M	-61.74M	-74.89M	-86.9M	-95.51M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	-0.01%	-0%	-0%	-0%	-0%	-0%	-0.01%	-0%	-0%	-0%
Return on Equity (ROE)	-0.06%	-0.03%	-0.02%	-0.02%	-0.01%	-0.04%	-0.09%	-0.09%	-0.27%	-
Debt / Assets	0.81%	0.83%	0.8%	0.83%	0.86%	0.89%	0.92%	0.94%	0.97%	0.98%
Debt / Equity	4.87x	5.98x	4.55x	5.66x	7.05x	10.37x	16.17x	31.24x	166.64x	-
Net Debt / EBITDA	15.29x	7.72x	8.01x	7.98x	18.49x	18.19x	21.97x	20.93x	19.10x	17.73x
Book Value per Share	7.95	6.85	10.90	9.07	7.96	5.91	4.35	2.31	0.45	-0.88

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	9.44M	9.35M	10.77M	27.26M	23.77M	15.99M	10.82M	20.14M	26.18M	31.86M
Operating CF Growth %	0.26%	-0.01%	0.15%	1.53%	-0.13%	-0.33%	-0.32%	0.86%	0.3%	0.22%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-8.2M	-12.34M	-6M	-9M	-4.12M	-12.23M	-20.02M	-12.57M	-15.56M	-6.58M
Depreciation & Amortization	9.95M	15.04M	13.81M	14.85M	17.78M	22.76M	25.43M	26.74M	28.81M	29.79M
Stock-Based Compensation	709K	2.52M	3.11M	1.94M	1.51M	1.8M	2.61M	2.92M	3.02M	2.7M
Other Non-Cash Items	8.33M	5.26M	5.96M	3.84M	4.07M	6.84M	1.67M	1.54M	6.29M	2.99M
Working Capital Changes	-1.87M	-992K	-6.37M	6.97M	2.1M	-3.19M	-3.76M	1.51M	3.63M	2.97M
Cash from Investing+	-9.03M	-121.28M	-187.66M	-39.3M	-74.9M	-31.71M	-77.94M	-51.48M	-41.36M	-68.78M
Acquisitions (Net)	0	-103.12M	0	0	0	0	-2.02M	2.02M	0	0
Purchase of Investments	-9.03M	-103.12M	-167.38M	0	-31.13M	0	-40.55M	0	0	0
Sale of Investments	0	0	0	356K	0	0	1000K	0	0	0
Other Investing	-9.03M	103.12M	-167.38M	226K	0	-31.71M	-75.93M	-53.49M	-41.36M	-68.78M
Cash from Financing+	115.76M	24.15M	147.61M	41.13M	62.2M	47.82M	30.31M	9.78M	20.73M	38.75M
Dividends Paid	-15.88M	-9.95M	-16.57M	-6.77M	-6.77M	-17.24M	-6.1M	-17.07M	-17.39M	-17.58M
Common Dividends	-15.88M	-9.95M	-16.57M	-6.77M	-6.77M	-17.24M	-6.1M	-17.07M	-17.39M	-17.58M
Debt Issuance (Net)	-737K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Share Repurchases	0	0	0	-7K	0	-10M	0	0	0	0
Other Financing	2.18M	-10.01M	-4.89M	-22.6M	-14.85M	-5.22M	-17.91M	-335K	-9.67M	0
Net Change in Cash+	116.17M	-87.78M	-29.27M	29.09M	5.47M	32.1M	-36.81M	-21.56M	5.56M	1.83M
Exchange Rate Effect	0	0	-334K	0	-1000K	0	0	0	0	0
Cash at Beginning	9.16M	125.33M	37.55M	7.94M	37.03M	56.93M	89.03M	52.22M	30.67M	36.23M
Cash at End	125.33M	37.55M	8.27M	37.03M	42.5M	89.03M	52.22M	30.67M	36.23M	38.05M
Free Cash Flow+	415K	-111.94M	-9.5M	-12.62M	-20M	15.99M	-24.71M	20.14M	26.18M	31.86M
FCF Growth %	-0.92%	-270.72%	0.92%	-0.33%	-0.58%	1.8%	-2.55%	1.82%	0.3%	0.22%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	0.27	3.44	4.26	4.14	0.93	1.04	1.13	1.38	1.43	1.69
FFO Payout Ratio	324.63%	15.71%	22.86%	9.18%	40.79%	94.05%	33.58%	76.83%	75.93%	64.44%
NOI Margin	54.84%	53.57%	54.1%	54.94%	53.64%	52.63%	51.56%	52.32%	54.73%	57.03%
Net Debt / EBITDA	15.29x	7.72x	8.01x	7.98x	18.49x	18.19x	21.97x	20.93x	19.10x	17.73x
Debt / Assets	80.97%	83.35%	80.19%	82.98%	85.71%	89.38%	91.7%	94.47%	96.5%	98.4%
Interest Coverage	0.78x	0.68x	0.83x	0.99x	0.95x	0.80x	0.59x	0.69x	0.74x	0.86x
Book Value / Share	7.95	6.85	10.9	9.07	7.96	5.91	4.35	2.31	0.45	-0.88
Revenue Growth	77.1%	9.93%	11.77%	5.82%	5.61%	5.75%	-0.1%	5.72%	6.52%	7.65%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Residential Rental	-	-	-	-	-	-	-	109.87M
Residential Rental Growth	-	-	-	-	-	-	-	-
Commercial Real Estate	-	-	-	-	-	-	-	38.9M
Commercial Real Estate Growth	-	-	-	-	-	-	-	-
Residential	73.67M	82.67M	67.59M	74.81M	76.42M	81.08M	82.81M	-
Residential Growth	-	12.22%	-18.24%	10.67%	2.15%	6.10%	2.14%	-
Commercial	21.91M	27.32M	15.08M	16.74M	19.42M	21.03M	22.23M	-
Commercial Growth	-	24.69%	-44.82%	11.02%	16.01%	8.30%	5.67%	-

Frequently Asked Questions

Growth & Financials

Clipper Realty Inc. (CLPR) reported $154.2M in revenue for fiscal year 2024. This represents a 272% increase from $41.5M in 2013.

Clipper Realty Inc. (CLPR) grew revenue by 7.6% over the past year. This is steady growth.

Clipper Realty Inc. (CLPR) reported a net loss of $16.0M for fiscal year 2024.

Dividend & Returns

Yes, Clipper Realty Inc. (CLPR) pays a dividend with a yield of 29.26%. This makes it attractive for income-focused investors.

Industry Metrics

Clipper Realty Inc. (CLPR) generated Funds From Operations (FFO) of $14.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Clipper Realty Inc. (CLPR) offers a 29.26% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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Clipper Realty Inc. (CLPR) 10-Year Financial Performance & Capital Metrics

CLPR • • REIT / Real Estate

Real EstateResidential REITsMultifamily ApartmentsUrban Multifamily Focus

Revenue $149M +7.6%
FFO $27M +19.1%
FFO/Share 1.69 +18.8%
FFO Payout 64.44% -15.1%
FFO per Share 1.69 +18.8%
NOI Margin 57.03% +4.2%
FFO Margin 18.34% +10.7%
ROE -
ROA -0.2% +58.6%
Debt/Assets 98.4% +2.0%
Net Debt/EBITDA 17.73 -7.2%
Book Value/Share -0.88 -296.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 64.4%

✗Weaknesses

✗FFO declining 45.9% TTM

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y12.03%

5Y5.07%

3Y6.63%

TTM5.9%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-406.38%

EPS CAGR

10Y-

5Y-

3Y-

TTM-319.85%

ROCE

10Y Avg2.85%

5Y Avg2.6%

3Y Avg2.75%

Latest3.25%

Peer Comparison

Urban Multifamily Focus

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CLPRClipper Realty Inc.	60.23M	3.73	-14.92	7.65%	-10.4%		52.9%
VREVeris Residential, Inc.	1.39B	14.86	-59.44	4.14%	22.09%	4.92%	3.34%	1.35

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	84.6M	93M	103.95M	110M	116.17M	122.85M	122.73M	129.75M	138.21M	148.78M
Revenue Growth %	0.77%	0.1%	0.12%	0.06%	0.06%	0.06%	-0%	0.06%	0.07%	0.08%
Property Operating Expenses	38.21M	43.18M	47.71M	49.56M	53.85M	58.19M	59.45M	61.87M	62.57M	63.93M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	17.82M	23.7M	26.66M	27.88M	28.82M	32.52M	39.12M	40.24M	42.47M	44.31M
G&A Expenses	5.3M	8.4M	9.94M	9.87M	9.17M	9.73M	10.57M	12.75M	13.17M	14.15M
EBITDA+	38.45M	92.87M	104.31M	109.8M	51.75M	55.38M	49.92M	54.62M	61.98M	70.31M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	9.95M	67.07M	74.81M	77.34M	18.26M	23.24M	25.76M	26.98M	28.81M	29.79M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	28.5M	25.8M	29.5M	32.46M	33.5M	32.14M	24.16M	27.64M	33.17M	40.53M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	36.7M	38.14M	35.51M	32.78M	35.19M	40.23M	41.28M	40.21M	44.87M	47.11M
Interest Coverage	0.78x	0.68x	0.83x	0.99x	0.95x	0.80x	0.59x	0.69x	0.74x	0.86x
Non-Operating Income	0	0	0	8.68M	0	838K	2.9M	0	3.87M	0
Pretax Income+	-8.2M	-12.34M	-6M	-9M	-4.12M	-12.23M	-20.02M	-12.57M	-15.56M	-6.58M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-5.05M	-3.73M	-2.36M	-3.63M	-1.67M	-4.91M	-7.59M	-4.76M	-5.9M	-2.5M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.97%	0.26%	0.37%	-0.54%	0.54%	-1.95%	-0.55%	0.37%	-0.24%	0.58%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.37%	11.94%	0.14%	0.02%	-0.77%	0.1%	-0.01%	0.22%	0.03%	0.19%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.27	-0.20	-0.14	-0.20	-2.17	-0.31	-0.51	-0.36	-0.45	-0.25
EPS Growth %	-1.96%	0.26%	0.3%	-0.43%	-9.85%	0.86%	-0.65%	0.29%	-0.25%	0.44%
EPS (Basic)	-0.27	-0.20	-0.14	-0.20	-2.17	-0.31	-0.51	-0.36	-0.55	-0.25
Diluted Shares Outstanding	18.42M	18.42M	17.02M	17.81M	17.81M	17.63M	16.06M	16.06M	16.06M	16.11M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	881.12M	905.21M	1.05B	1.1B	1.17B	1.21B	1.23B	1.23B	1.25B	1.29B
Asset Growth %	0.15%	0.03%	0.16%	0.05%	0.06%	0.04%	0.02%	-0%	0.02%	0.03%
Real Estate & Other Assets+	3.88M	4.09M	3.78M	1.03B	1.08B	1.09B	1.15B	1.17B	0	0
PP&E (Net)	726.11M	823.08M	996.89M	1.03B	0	0	0	0	1.19B	1.23B
Investment Securities	10K	-1000K	-1000K	-1000K	0	0	0	0	0	0
Total Current Assets+	145.86M	64.35M	40.12M	62.82M	75.62M	107.19M	78.13M	49.33M	54.62M	52.76M
Cash & Equivalents	125.33M	37.55M	8.27M	37.03M	42.5M	72.06M	34.52M	18.15M	22.16M	19.9M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	19.05M	11.11M	25.09M	8.84M	14.43M	16.97M	17.7M	26.17M	24.92M	24.39M
Intangible Assets	5.27M	13.69M	11.63M	9.68M	8.43M	7.37M	6.78M	6.28M	6.13M	5.68M
Total Liabilities	734.74M	778.99M	866.83M	939.52M	1.02B	1.1B	1.16B	1.19B	1.24B	1.3B
Total Debt+	713.44M	754.46M	843.95M	913.56M	999.53M	1.08B	1.13B	1.16B	1.21B	1.27B
Net Debt	588.11M	716.91M	835.67M	876.54M	957.03M	1.01B	1.1B	1.14B	1.18B	1.25B
Long-Term Debt	713.44M	754.46M	843.95M	913.56M	997.9M	1.08B	1.13B	1.16B	1.21B	1.27B
Short-Term Borrowings	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	7.85M	0	0	2.92M	1.63M	157K	53K	18K	0	0
Total Current Liabilities+	5.33M	8.98M	9.07M	12.55M	13.03M	11.72M	19.56M	17.09M	20.99M	18.73M
Accounts Payable	5.33M	8.98M	8.6M	12.55M	0	0	0	0	20.99M	18.73M
Deferred Revenue	0	-758.95M	-436.06M	-923.15M	0	0	0	0	0	0
Other Liabilities	15.97M	15.55M	13.95M	13.41M	11.87M	12.41M	12.94M	13.75M	15.48M	16.12M
Total Equity+	146.38M	126.22M	185.59M	161.49M	141.78M	104.11M	69.95M	37.18M	7.24M	-14.23M
Equity Growth %	2.94%	-0.14%	0.47%	-0.13%	-0.12%	-0.27%	-0.33%	-0.47%	-0.81%	-2.97%
Shareholders Equity	44.3M	38.2M	74.91M	65.18M	57.23M	39.46M	26.51M	14.09M	2.74M	-5.41M
Minority Interest	102.07M	88.02M	110.68M	96.3M	84.55M	64.65M	43.44M	23.09M	4.49M	-8.82M
Common Stock	114K	114K	178K	178K	178K	160K	160K	160K	160K	160K
Additional Paid-in Capital	46.05M	46.67M	92.27M	92.94M	93.43M	87.35M	88.09M	88.83M	89.48M	89.94M
Retained Earnings	-1.86M	-8.58M	-17.54M	-27.94M	-36.38M	-48.05M	-61.74M	-74.89M	-86.9M	-95.51M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	-0.01%	-0%	-0%	-0%	-0%	-0%	-0.01%	-0%	-0%	-0%
Return on Equity (ROE)	-0.06%	-0.03%	-0.02%	-0.02%	-0.01%	-0.04%	-0.09%	-0.09%	-0.27%	-
Debt / Assets	0.81%	0.83%	0.8%	0.83%	0.86%	0.89%	0.92%	0.94%	0.97%	0.98%
Debt / Equity	4.87x	5.98x	4.55x	5.66x	7.05x	10.37x	16.17x	31.24x	166.64x	-
Net Debt / EBITDA	15.29x	7.72x	8.01x	7.98x	18.49x	18.19x	21.97x	20.93x	19.10x	17.73x
Book Value per Share	7.95	6.85	10.90	9.07	7.96	5.91	4.35	2.31	0.45	-0.88

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	9.44M	9.35M	10.77M	27.26M	23.77M	15.99M	10.82M	20.14M	26.18M	31.86M
Operating CF Growth %	0.26%	-0.01%	0.15%	1.53%	-0.13%	-0.33%	-0.32%	0.86%	0.3%	0.22%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-8.2M	-12.34M	-6M	-9M	-4.12M	-12.23M	-20.02M	-12.57M	-15.56M	-6.58M
Depreciation & Amortization	9.95M	15.04M	13.81M	14.85M	17.78M	22.76M	25.43M	26.74M	28.81M	29.79M
Stock-Based Compensation	709K	2.52M	3.11M	1.94M	1.51M	1.8M	2.61M	2.92M	3.02M	2.7M
Other Non-Cash Items	8.33M	5.26M	5.96M	3.84M	4.07M	6.84M	1.67M	1.54M	6.29M	2.99M
Working Capital Changes	-1.87M	-992K	-6.37M	6.97M	2.1M	-3.19M	-3.76M	1.51M	3.63M	2.97M
Cash from Investing+	-9.03M	-121.28M	-187.66M	-39.3M	-74.9M	-31.71M	-77.94M	-51.48M	-41.36M	-68.78M
Acquisitions (Net)	0	-103.12M	0	0	0	0	-2.02M	2.02M	0	0
Purchase of Investments	-9.03M	-103.12M	-167.38M	0	-31.13M	0	-40.55M	0	0	0
Sale of Investments	0	0	0	356K	0	0	1000K	0	0	0
Other Investing	-9.03M	103.12M	-167.38M	226K	0	-31.71M	-75.93M	-53.49M	-41.36M	-68.78M
Cash from Financing+	115.76M	24.15M	147.61M	41.13M	62.2M	47.82M	30.31M	9.78M	20.73M	38.75M
Dividends Paid	-15.88M	-9.95M	-16.57M	-6.77M	-6.77M	-17.24M	-6.1M	-17.07M	-17.39M	-17.58M
Common Dividends	-15.88M	-9.95M	-16.57M	-6.77M	-6.77M	-17.24M	-6.1M	-17.07M	-17.39M	-17.58M
Debt Issuance (Net)	-737K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Share Repurchases	0	0	0	-7K	0	-10M	0	0	0	0
Other Financing	2.18M	-10.01M	-4.89M	-22.6M	-14.85M	-5.22M	-17.91M	-335K	-9.67M	0
Net Change in Cash+	116.17M	-87.78M	-29.27M	29.09M	5.47M	32.1M	-36.81M	-21.56M	5.56M	1.83M
Exchange Rate Effect	0	0	-334K	0	-1000K	0	0	0	0	0
Cash at Beginning	9.16M	125.33M	37.55M	7.94M	37.03M	56.93M	89.03M	52.22M	30.67M	36.23M
Cash at End	125.33M	37.55M	8.27M	37.03M	42.5M	89.03M	52.22M	30.67M	36.23M	38.05M
Free Cash Flow+	415K	-111.94M	-9.5M	-12.62M	-20M	15.99M	-24.71M	20.14M	26.18M	31.86M
FCF Growth %	-0.92%	-270.72%	0.92%	-0.33%	-0.58%	1.8%	-2.55%	1.82%	0.3%	0.22%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	0.27	3.44	4.26	4.14	0.93	1.04	1.13	1.38	1.43	1.69
FFO Payout Ratio	324.63%	15.71%	22.86%	9.18%	40.79%	94.05%	33.58%	76.83%	75.93%	64.44%
NOI Margin	54.84%	53.57%	54.1%	54.94%	53.64%	52.63%	51.56%	52.32%	54.73%	57.03%
Net Debt / EBITDA	15.29x	7.72x	8.01x	7.98x	18.49x	18.19x	21.97x	20.93x	19.10x	17.73x
Debt / Assets	80.97%	83.35%	80.19%	82.98%	85.71%	89.38%	91.7%	94.47%	96.5%	98.4%
Interest Coverage	0.78x	0.68x	0.83x	0.99x	0.95x	0.80x	0.59x	0.69x	0.74x	0.86x
Book Value / Share	7.95	6.85	10.9	9.07	7.96	5.91	4.35	2.31	0.45	-0.88
Revenue Growth	77.1%	9.93%	11.77%	5.82%	5.61%	5.75%	-0.1%	5.72%	6.52%	7.65%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Residential Rental	-	-	-	-	-	-	-	109.87M
Residential Rental Growth	-	-	-	-	-	-	-	-
Commercial Real Estate	-	-	-	-	-	-	-	38.9M
Commercial Real Estate Growth	-	-	-	-	-	-	-	-
Residential	73.67M	82.67M	67.59M	74.81M	76.42M	81.08M	82.81M	-
Residential Growth	-	12.22%	-18.24%	10.67%	2.15%	6.10%	2.14%	-
Commercial	21.91M	27.32M	15.08M	16.74M	19.42M	21.03M	22.23M	-
Commercial Growth	-	24.69%	-44.82%	11.02%	16.01%	8.30%	5.67%	-

Frequently Asked Questions

Growth & Financials

Clipper Realty Inc. (CLPR) reported $154.2M in revenue for fiscal year 2024. This represents a 272% increase from $41.5M in 2013.

Clipper Realty Inc. (CLPR) grew revenue by 7.6% over the past year. This is steady growth.

Clipper Realty Inc. (CLPR) reported a net loss of $16.0M for fiscal year 2024.

Dividend & Returns

Yes, Clipper Realty Inc. (CLPR) pays a dividend with a yield of 29.26%. This makes it attractive for income-focused investors.

Industry Metrics

Clipper Realty Inc. (CLPR) generated Funds From Operations (FFO) of $14.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Clipper Realty Inc. (CLPR) offers a 29.26% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.