Clipper Realty Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	153.2	148.78	138.21	129.75	122.73
Total Revenue	153.2	148.78	138.21	129.75	122.73
Revenue Growth (YoY	2.98%	7.65%	6.52%	5.72%	-0.10%
Property Expenses	68.38	63.93	62.57	61.87	59.45
Selling, General & Administrative	15.52	14.15	13.17	12.75	10.57
Depreciation & Amortization	31.33	29.89	28.94	26.99	25.76
Total Operating Expenses	115.23	107.98	104.68	101.6	95.78
Operating Income	37.97	40.8	33.53	28.14	26.95
Interest Expense	-53.03	-47.11	-44.87	-40.21	-41.28
EBT Excluding Unusual Items	-15.06	-6.31	-11.34	-12.07	-14.33
Gain (Loss) on Sale of Assets	-0.86	-	-	-	-
Total Insurance Settlements	-	-	-	-	0.14
Asset Writedown	-33.78	-	-	-	-
Total Legal Settlements	-0.03	-0.27	-	-	-2.73
Other Unusual Items	-2.62	-	-4.23	-0.51	-3.09
Pretax Income	-52.34	-6.58	-15.57	-12.57	-20.02
Earnings From Continuing Operations	-52.34	-6.58	-15.57	-12.57	-20.02
Minority Interest in Earnings	32.44	4.08	9.67	7.81	12.43
Net Income	-19.9	-2.5	-5.9	-4.76	-7.59
Preferred Dividends & Other Adjustments	-	1.48	1.29	0.97	0.65
Net Income to Common	-19.9	-3.98	-7.19	-5.73	-8.24
Basic Shares Outstanding	14	16	16	16	16
Diluted Shares Outstanding	14	16	16	16	16
Shares Change (YoY)	-10.54%	0.36%	-	-	-8.88%
EPS (Basic)	-1.38	-0.25	-0.45	-0.36	-0.51
EPS (Diluted)	-1.38	-0.25	-0.45	-0.36	-0.51
Dividend Per Share	-	0.380	0.380	0.380	0.380
Operating Margin	24.79%	27.42%	24.26%	21.69%	21.96%
Profit Margin	-12.99%	-2.67%	-5.20%	-4.42%	-6.71%
EBITDA	69.2	71.07	62.82	55.37	52.86
EBITDA Margin	45.17%	47.77%	45.45%	42.67%	43.07%
D&A For Ebitda	31.23	30.27	29.29	27.23	25.91
EBIT	37.97	40.8	33.53	28.14	26.95
EBIT Margin	24.79%	27.42%	24.26%	21.69%	21.96%
Funds From Operations (FFO)	-	23.31	13.37	14.41	5.74
Adjusted Funds From Operations (AFFO)	-	28.81	22.55	19.24	15.56
FFO Payout Ratio	-	26.20%	45.64%	42.35%	106.27%
Revenue as Reported	153.2	148.78	138.21	129.75	122.73

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q