Clipper Realty Inc. (CLPR)

Clipper Realty Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	152.41	148.78	138.21	129.75	122.73	122.85
Total Revenue	152.41	148.78	138.21	129.75	122.73	122.85
Revenue Growth (YoY	8.63%	7.65%	6.52%	5.72%	-0.10%	5.75%
Property Expenses	65.91	63.93	62.57	61.87	59.45	58.19
Selling, General & Administrative	14.43	14.15	13.17	12.75	10.57	9.73
Depreciation & Amortization	30.15	29.89	28.94	26.99	25.76	23.63
Total Operating Expenses	110.49	107.98	104.68	101.6	95.78	91.55
Operating Income	41.93	40.8	33.53	28.14	26.95	31.3
Interest Expense	-46.9	-47.11	-44.87	-40.21	-41.28	-40.23
EBT Excluding Unusual Items	-4.97	-6.31	-11.34	-12.07	-14.33	-8.92
Total Insurance Settlements	-	-	-	-	0.14	0.09
Total Legal Settlements	-0.27	-0.27	-	-	-2.73	-
Other Unusual Items	-	-	-4.23	-0.51	-3.09	-3.39
Pretax Income	-39.02	-6.58	-15.57	-12.57	-20.02	-12.23
Earnings From Continuing Operations	-39.02	-6.58	-15.57	-12.57	-20.02	-12.23
Minority Interest in Earnings	24.18	4.08	9.67	7.81	12.43	7.32
Net Income	-14.84	-2.5	-5.9	-4.76	-7.59	-4.91
Preferred Dividends & Other Adjustments	1.69	1.48	1.29	0.97	0.65	0.48
Net Income to Common	-16.52	-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)	0.49%	0.36%	-	-	-8.88%	-1.04%
EPS (Basic)	-1.02	-0.25	-0.45	-0.36	-0.51	-0.31
EPS (Diluted)	-1.02	-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	27.51%	27.42%	24.26%	21.69%	21.96%	25.48%
Profit Margin	-10.84%	-2.67%	-5.20%	-4.42%	-6.71%	-4.38%
EBITDA	72.45	71.07	62.82	55.37	52.86	54.54
EBITDA Margin	47.54%	47.77%	45.45%	42.67%	43.07%	44.40%
D&A For Ebitda	30.53	30.27	29.29	27.23	25.91	23.24
EBIT	41.93	40.8	33.53	28.14	26.95	31.3
EBIT Margin	27.51%	27.42%	24.26%	21.69%	21.96%	25.48%
Funds From Operations (FFO)	-8.87	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	152.41	148.78	138.21	129.75	122.73	122.85

Updated May 12, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q