Clipper Realty Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	154.18	148.78	138.21	129.75	122.73	122.85
Total Revenue	154.18	148.78	138.21	129.75	122.73	122.85
Revenue Growth (YoY	5.90%	7.65%	6.52%	5.72%	-0.10%	5.75%
Property Expenses	67.62	63.93	62.57	61.87	59.45	58.19
Selling, General & Administrative	15.11	14.15	13.17	12.75	10.57	9.73
Depreciation & Amortization	30.55	29.89	28.94	26.99	25.76	23.63
Total Operating Expenses	113.29	107.98	104.68	101.6	95.78	91.55
Operating Income	40.89	40.8	33.53	28.14	26.95	31.3
Interest Expense	-48.11	-47.11	-44.87	-40.21	-41.28	-40.23
EBT Excluding Unusual Items	-7.22	-6.31	-11.34	-12.07	-14.33	-8.92
Total Insurance Settlements	-	-	-	-	0.14	0.09
Total Legal Settlements	-0.3	-0.27	-	-	-2.73	-
Other Unusual Items	-	-	-4.23	-0.51	-3.09	-3.39
Pretax Income	-42.15	-6.58	-15.57	-12.57	-20.02	-12.23
Earnings From Continuing Operations	-42.15	-6.58	-15.57	-12.57	-20.02	-12.23
Minority Interest in Earnings	26.12	4.08	9.67	7.81	12.43	7.32
Net Income	-16.03	-2.5	-5.9	-4.76	-7.59	-4.91
Preferred Dividends & Other Adjustments	2.11	1.48	1.29	0.97	0.65	0.48
Net Income to Common	-18.14	-3.98	-7.19	-5.73	-8.24	-5.38
Basic Shares Outstanding	16	16	16	16	16	18
Diluted Shares Outstanding	16	16	16	16	16	18
Shares Change (YoY)	0.66%	0.36%	-	-	-8.88%	-1.04%
EPS (Basic)	-1.12	-0.25	-0.45	-0.36	-0.51	-0.31
EPS (Diluted)	-1.12	-0.25	-0.45	-0.36	-0.51	-0.31
Dividend Per Share	0.380	0.380	0.380	0.380	0.380	0.380
Operating Margin	26.52%	27.42%	24.26%	21.69%	21.96%	25.48%
Profit Margin	-11.77%	-2.67%	-5.20%	-4.42%	-6.71%	-4.38%
EBITDA	71.82	71.07	62.82	55.37	52.86	54.54
EBITDA Margin	46.58%	47.77%	45.45%	42.67%	43.07%	44.40%
D&A For Ebitda	30.93	30.27	29.29	27.23	25.91	23.24
EBIT	40.89	40.8	33.53	28.14	26.95	31.3
EBIT Margin	26.52%	27.42%	24.26%	21.69%	21.96%	25.48%
Funds From Operations (FFO)	-11.6	23.31	13.37	14.41	5.74	11.4
Adjusted Funds From Operations (AFFO)	-	28.81	22.55	19.24	15.56	16.84
FFO Payout Ratio	-	26.20%	45.64%	42.35%	106.27%	59.33%
Revenue as Reported	154.18	148.78	138.21	129.75	122.73	122.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q