Clipper Realty Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Dec 31, 2025 · Filed Feb 26, 2026
CLPR$3.25-1.5%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (In thousands, except per share data)
** (In thousands, except per share data)**
| · · Three Months EndedDecember 31, · · · Year Ended December 31, · | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · 2025 · · · 2024 · · · 2025 · · · 2024 · | ||||||||||||||||
| · · (unaudited) · · · (unaudited) · · · · · · · · · | ||||||||||||||||
| REVENUES | | | | | | | | | | | | | | | | |
| Residential rental income | | $30,846 | | | $28,173 | | | $118,864 | | | $109,873 | | ||||
| Commercial rental income | | | 6,224 | | | | 9,874 | | | | 34,338 | | | | 38,902 | |
| TOTAL REVENUES | | | 37,070 | | | | 38,047 | | | | 153,202 | | | | 148,775 | |
| | | | | | | | | | | | | | | | | |
| OPERATING EXPENSES | | | | | | | | | | | | | | | | |
| Property operating expenses | | | 9,100 | | | | 8,065 | | | | 37,986 | | | | 34,163 | |
| Real estate taxes and insurance | | | 7,354 | | | | 7,633 | | | | 30,394 | | | | 29,770 | |
| General and administrative | | | 4,182 | | | | 3,772 | | | | 15,523 | | | | 14,152 | |
| Transaction pursuit costs | | | (10) | | | - | | | | (10) | | | - | | ||
| Depreciation and amortization | | | 8,380 | | | | 7,603 | | | | 31,327 | | | | 29,892 | |
| Impairment of Long-Lived Assets | | | - | | | | - | | | | 33,780 | | | | - | |
| TOTAL OPERATING EXPENSES | | | 29,006 | | | | 27,073 | | | | 149,000 | | | | 107,977 | |
| | | | | | | | | | | | | | | | | |
| Litigation settlement and other | | | - | | | | (269) | | | (26) | | | (269) | |||
| | | | | | | | | | | | | | | | | |
| INCOME FROM OPERATIONS | | | 8,064 | | | | 10,705 | | | | 4,176 | | | | 40,529 | |
| | | | | | | | | | | | | | | | | |
| Loss on disposal of long-lived assets | | | - | | | | - | | | | (857) | | | - | | |
| Loss on extinguishment of debt | | | (2,627) | | | | | | | (2,627) | | | | | ||
| Interest expense, net | | | (16,706) | | | (11,791) | | | (53,027) | | | (47,111) | ||||
| | | | | | | | | | | | | | | | | |
| Net loss | | | (11,269) | | | (1,086) | | | (52,335) | | | (6,582) | ||||
| | | | | | | | | | | | | | | | | |
| Net loss attributable to non-controlling interests | | | 6,984 | | | | 668 | | | | 32,435 | | | | 4,082 | |
| Net loss attributable to common stockholders | | $(4,285) | | $(418) | | $(19,900) | | $(2,500) | ||||||||
| | | | | | | | | | | | | | | | | |
| Basic and diluted net loss per share | | $(0.30) | | $(0.05) | | $(1.38) | | $(0.25) | ||||||||
| | | | | | | | | | | | | | | | | |
| Weighted average common shares / OP units | | | | | | | | | | | | | | | | |
| Common shares outstanding | | | 16,147 | | | | 16,089 | | | | 16,147 | | | | 16,120 | |
| OP units outstanding | | | 26,317 | | | | 26,317 | | | | 26,317 | | | | 26,317 | |
| Diluted shares outstanding | | | 42,464 | | | | 42,406 | | | | 42,464 | | | | 42,437 | |
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