Clipper Realty Inc. 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. The Company was formed to continue and expand the commercial real estate business of the 50/53 JV LLC (a Delaware limited liability company), Renaissance Equity Holdings LLC (a Delaware limited liability company), Berkshire Equity LLC (a Delaware limited liability company) and Gunki Holdings LLC (a Delaware limited liability company) (collectively, the “Predecessor” or the “predecessor entities”). Our primary focus is to continue to own, manage and operate our portfolio, and to acquire and re-position additional multifamily residential and commercial properties in the New York metropolitan area.
Company profile
Ticker
CLPR
Exchange
Website
CEO
David Bistricer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
10 West 65 Owner LLC • 50 Murray Mezz LLC • 50 Murray Mezz One LLC • 50 Murray Mezz Two LLC • 50 Murray Street Acquisition LLC • 50/53 JV LLC • 141 Livingston Owner LLC • 250 Livingston Owner LLC • 1010 Pacific Owner LLC • Dean Owner LLC ...
CLPR stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
14 Mar 24
8-K
Clipper Realty Inc. Announces Fourth Quarter 2023 Results
14 Mar 24
8-K
Termination of a Material Definitive Agreement
28 Feb 24
10-Q
2023 Q3
Quarterly report
2 Nov 23
8-K
Clipper Realty Inc. Announces Third Quarter 2023 Results
2 Nov 23
8-K
Entry into a Material Definitive Agreement
14 Aug 23
10-Q
2023 Q2
Quarterly report
3 Aug 23
8-K
Clipper Realty Inc. Announces Second Quarter 2023 Results
3 Aug 23
8-K
Clipper Realty Inc. Reaches Agreement with New York City on 40-Year Real Property Tax Exemption for Flatbush Gardens Property
5 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
15 Jun 23
Transcripts
CLPR
Earnings call transcript
2023 Q4
14 Mar 24
CLPR
Earnings call transcript
2023 Q3
2 Nov 23
CLPR
Earnings call transcript
2023 Q2
4 Aug 23
CLPR
Earnings call transcript
2023 Q1
4 May 23
CLPR
Earnings call transcript
2023 Q1
4 May 23
CLPR
Earnings call transcript
2022 Q4
16 Mar 23
CLPR
Earnings call transcript
2022 Q3
11 Nov 22
CLPR
Earnings call transcript
2022 Q3
9 Nov 22
CLPR
Earnings call transcript
2022 Q2
10 Aug 22
CLPR
Earnings call transcript
2022 Q1
10 May 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 37.35 mm | 37.35 mm | 37.35 mm | 37.35 mm | 37.35 mm | 37.35 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 30.33 k | (no burn) |
Cash used (since last report) | n/a | n/a | n/a | n/a | 201.18 k | n/a |
Cash remaining | n/a | n/a | n/a | n/a | 37.15 mm | n/a |
Runway (months of cash) | n/a | n/a | n/a | n/a | 1224.8 | n/a |
Institutional ownership, Q3 2023
72.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 71 |
Opened positions | 11 |
Closed positions | 4 |
Increased positions | 17 |
Reduced positions | 26 |
13F shares | Current |
---|---|
Total value | 28.23 bn |
Total shares | 11.61 mm |
Total puts | 10.20 k |
Total calls | 14.02 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Levinson Sam | 5.72 mm | $33.16 mm |
FMR | 1.15 mm | $5.97 bn |
BLK Blackrock | 875.74 k | $4.54 bn |
Vanguard | 723.68 k | $3.75 bn |
AFG American Financial | 372.04 k | $1.93 mm |
State of New Jersey Common Pension Fund D | 347.50 k | $1.80 bn |
STT State Street | 274.72 k | $1.42 bn |
Geode Capital Management | 249.33 k | $1.29 bn |
AFSIP Amtrust Financial Services | 231.95 k | $1.20 bn |
One William Street Capital Management | 205.00 k | $1.06 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 Mar 24 | Verrone Roberto Angelo | Long Term Incentive Plan Units Common Stock | Grant | Acquire A | No | No | 0 | 5,300 | 0.00 | 19,362 |
12 Mar 24 | Schwimmer Jacob | Long Term Incentive Plan Units Common Stock | Grant | Acquire A | No | No | 0 | 51,020 | 0.00 | 590,000 |
12 Mar 24 | Spolan Harmon | Long Term Incentive Plan Units Common Stock | Grant | Acquire A | No | No | 0 | 5,300 | 0.00 | 19,612 |
12 Mar 24 | Lawrence E Kreider | Long Term Incentive Plan Units Common Stock | Grant | Acquire A | No | No | 0 | 47,724 | 0.00 | 259,017 |
12 Mar 24 | Levinson Sam | Long Term Incentive Plan Units Common Stock | Grant | Acquire A | No | No | 0 | 109,184 | 0.00 | 1,010,798 |
12 Mar 24 | Levinson Sam | Long Term Incentive Plan Units Common Stock | Grant | Acquire A | No | No | 0 | 40,035 | 0.00 | 901,614 |
News
Raymond James Downgrades Clipper Realty to Underperform
15 Apr 24
JMP Securities Downgrades Clipper Realty to Market Perform
11 Apr 24
Earnings Scheduled For March 14, 2024
14 Mar 24
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27 Feb 24