Clipper Realty
Owns and operates Manhattan and Brooklyn residential and commercial rental properties.
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Profile
Owns and operates multifamily residential and commercial rentals in Manhattan and Brooklyn through a self-managed REIT structure. Residential and commercial rental segments draw on a portfolio assembled from predecessor properties and expanded through acquisitions and development.
Owns and operates multifamily residential and commercial rental properties in Manhattan and Brooklyn. Its portfolio includes Tribeca House, Flatbush Gardens, Livingston Street properties, Aspen, Clover House, Pacific Street, and Dean Street.
Self-managed operations span residential and commercial rental segments. The REIT was assembled from a predecessor property group through an operating partnership, then extended through acquisitions and redevelopment, including Pacific Street and the Dean Street development.
Operations remain concentrated in New York City. The sale of a Manhattan residential asset, lender issues resolved at one Livingston Street asset, and the city's terminated lease at another shape the current commercial-property footprint.
Company facts
Key statistics
Year to date −7.0% · Average volume (30d) 61.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.08 | −$0.06 | −170.1% | $39.0M | $38.6M | −1.1% | +2.14% |
| May 14, 2026Q1 FY26 | $0.09 | $0.05 | −44.4% | $39.6M | $38.1M | −3.8% | −3.31% |
| Feb 26, 2026Q4 FY25 | $0.11 | $0.04 | −63.6% | $38.1M | $37.1M | −2.7% | −8.61% |
| Nov 13, 2025Q3 FY25 | $0.10 | $0.13 | +30.0% | $38.1M | $37.7M | −1.1% | −2.13% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $39.4M | $39.0M | $37.7M | $37.1M | $38.1M | $38.6M | |
| Gross profit | $21.7M | $22.0M | $20.6M | $20.6M | $4.0M | $21.9M | |
| Operating income | −$23.6M | $10.8M | $8.9M | $8.1M | $8.0M | $9.6M | |
| Net income | −$13.3M | −$516.0K | −$1.8M | −$4.3M | −$4.2M | −$2.4M | |
| Diluted EPS | −$0.86 | −$0.07 | −$0.14 | −$0.30 | −$0.10 | −$0.06 | |
| Gross margin | 55.0% | 56.2% | 54.6% | 55.6% | 10.5% | 56.7% | |
| Operating margin | -59.9% | 27.7% | 23.6% | 21.7% | 21.0% | 24.9% |
Fiscal years (4-quarter sums)FY21 $122.7M · FY22 $129.7M · FY23 $138.2M · FY24 $148.8M · FY25 $153.2M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $37.7M · Total debt $1.28B · Total assets $1.22B · Shareholders' equity −$40.1M
Dividends
Raised for 8 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Aug 26 | $0.095 | |
| May 26, 2026 | May 26 | Jun 4 | $0.095 | |
| Mar 12, 2026 | Mar 12 | Mar 19 | $0.095 | |
| Nov 26, 2025 | Nov 26 | Dec 4 | $0.095 | |
| Aug 21, 2025 | Aug 21 | Sep 5 | $0.095 | |
| May 27, 2025 | May 27 | Jun 11 | $0.095 | |
| Mar 19, 2025 | Mar 19 | Apr 3 | $0.095 | |
| Nov 13, 2024 | Nov 13 | Nov 27 | $0.095 |
Ownership
Shares outstanding 16.15M · Float 13.60M · 84.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 741.6K | 4.59% | 13F | May 13, 2026 |
| Vanguard Capital Management LLC | 544.9K | 3.37% | 13F | May 15, 2026 |
| Geode Capital Management, LLC | 388.8K | 2.41% | 13F | May 15, 2026 |
| American Financial Group Inc | 372.0K | 2.30% | 13F | May 13, 2026 |
| Sam Levinson · director, 10 percent owner: | 335.6K | 2.08% | Form 4 | Aug 20, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Sam Levinson | director, 10 percent owner: | +2,392 | $3.19 |
| Aug 19, 2026 | Sam Levinson | director, 10 percent owner: | +9,260 | $3.14 |
| Aug 18, 2026 | Sam Levinson | director, 10 percent owner: | +86,983 | $3.15 |
| Aug 14, 2026 | Sam Levinson | director, 10 percent owner: | +3,945 | $3.29 |
| Aug 13, 2026 | Sam Levinson | director, 10 percent owner: | +81,647 | $3.21 |
Peers
- Equity Residential
New York multifamily owner and operator with 8,685 apartment units
- AvalonBay Communities
Large NYSE-listed owner, developer and operator of apartment communities
- SL Green Realty
Manhattan-focused office REIT with a 31.4 million-square-foot portfolio
- BXP
NYSE-listed developer, owner and manager of premier New York workplaces
- UDR
NYSE-listed multifamily REIT active in the New York metropolitan area
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Clipper Realty | $3.32 | +0.30% | $53.6M | — | 22.1 | 0.4 | −1.2% |
| Equity Residential | $63.66 | −3.50% | $23.87B | 27.9 | 42.5 | 7.6 | +2.1% |
| AvalonBay Communities | $184.06 | 0.00% | $26.28B | 25.4 | 35.5 | 8.5 | −6.3% |
| SL Green Realty | $57.95 | +0.68% | $4.09B | — | — | 3.9 | −29.0% |
| BXP | $68.89 | −0.61% | $11.05B | 37.3 | 33.8 | 3.1 | +3.1% |
| UDR | $37.12 | −0.01% | $11.93B | 23.6 | 64.3 | 6.9 | −0.6% |
| Median | 26.6 | 39.0 | 6.9 | −0.6% |