Declared a quarterly dividend of USD 0.095 per share.
Quarterly results
Clipper Realty posted a net loss of USD 6.3 million, or USD 0.19 per share, versus a USD 1.4 million loss a year earlier.
Revenue edged down 1.03% to USD 38.6 million, as residential rental income rose to USD 32.2 million while commercial rental income fell to USD 6.4 million.
Operating income slipped 13.94% to USD 9.3 million; interest expense, net increased to USD 15.7 million.
AFFO and leasing update
AFFO (non-GAAP) fell 54.22% to USD 3.8 million, reflecting the August 2025 termination of NYC’s lease at 250 Livingston Street.
Prospect House at 953 Dean Street was fully leased at June 30.
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