Clipper Realty Inc.
For the period ended Aug 6, 2026. Filed Aug 6, 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.
Aug 6, 2026 · Filed Aug 6, 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)**
** (Unaudited)**
| · · Three Months Ended June 30, · · · Six Months Ended June 30, · | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · 2026 · · · 2025 · · · 2026 · · · 2025 · | ||||||||||||||||
| | | | | | | | | | | | | | | | | |
| REVENUES | | | | | | | | | | | | | | | | |
| Residential rental income | | $32,222 | | | $29,054 | | | $64,126 | | | $58,244 | | ||||
| Commercial rental income | | | 6,353 | | | | 9,982 | | | | 12,564 | | | | 20,190 | |
| TOTAL REVENUES | | | 38,575 | | | | 39,036 | | | | 76,690 | | | | 78,434 | |
| | | | | | | | | | | | | | | | | |
| OPERATING EXPENSES | | | | | | | | | | | | | | | | |
| Property operating expenses | | | 9,272 | | | | 9,561 | | | | 19,602 | | | | 19,672 | |
| Real estate taxes and insurance | | | 7,429 | | | | 7,518 | | | | 15,126 | | | | 15,145 | |
| General and administrative | | | 4,253 | | | | 3,819 | | | | 8,360 | | | | 7,644 | |
| Transaction pursuit costs | | | - | | | | (10) | | | - | | | | (10) | ||
| Depreciation and amortization | | | 8,023 | | | | 7,314 | | | | 16,002 | | | | 14,950 | |
| Impairment of Long-Lived Assets | | | - | | | | - | | | | - | | | | 33,780 | |
| TOTAL OPERATING EXPENSES | | | 28,977 | | | | 28,202 | | | | 59,090 | | | | 91,181 | |
| | | | | | | | | | | | | | | | | |
| Litigation settlement and other | | | (209) | | | (26) | | | (3,809) | | | (26) | ||||
| | | | | | | | | | | | | | | | | |
| INCOME FROM OPERATIONS | | | 9,389 | | | | 10,808 | | | | 13,791 | | | | (12,773) | |
| | | | | | | | | | | | | | | | | |
| Loss on disposal of long-lived assets | (685) | (685) | ||||||||||||||
| Interest expense, net | | | (15,654) | | | (11,479) | | | (31,200) | | | (23,001) | ||||
| | | | | | | | | | | | | | | | | |
| Net loss | | | (6,265) | | | (1,356) | | | (17,409) | | | (36,459) | ||||
| | | | | | | | | | | | | | | | | |
| Net loss attributable to non-controlling interests | | | 3,882 | | | | 840 | | | | 10,788 | | | | 22,596 | |
| Net loss attributable to common stockholders | | $(2,383) | | $(516) | | $(6,621) | | $(13,863) | ||||||||
| | | | | | | | | | | | | | | | | |
| Basic and diluted net loss per share | | $(0.19) | | $(0.07) | | $(0.49) | | $(0.93) | ||||||||
| | | | | | | | | | | | | | | | | |
| Weighted average common shares / OP units | | | | | | | | | | | | | | | | |
| Common shares outstanding | | | 16,158 | | | | 16,147 | | | | 16,154 | | | | 16,147 | |
| OP units outstanding | | | 26,317 | | | | 26,317 | | | | 26,317 | | | | 26,317 | |
| Diluted shares outstanding | | | 42,475 | | | | 42,464 | | | | 42,471 | | | | 42,464 | |
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