Clipper Realty (CLPR) AI Stock Analysis

230 Followers

Clipper Realty

(NYSE:CLPR)

Select Model

Rating:55Neutral

Price Target:$3.50▲(4.79% Upside)

Action:reiterated

Date:11/05/26

CLPR’s score is held back primarily by elevated balance-sheet risk (negative equity and high leverage) and continuing net losses, despite solid operating-level margins and positive cash generation. Offsetting these risks are constructive technical momentum, a very high dividend yield, and an earnings call that pointed to strong residential fundamentals—tempered by AFFO pressure and refinancing/interest-rate uncertainty.

Positive Factors

Residential leasing strengthNear-full occupancy and rent increases across stabilized properties indicate durable demand for Clipper’s residential portfolio. Constrained New York City housing supply supports continued leasing power, helping preserve revenue growth and property-level cash generation over the coming quarters.

Negative Factors

Negative equity and high leverageNegative equity and substantial debt materially reduce financial flexibility and increase sensitivity to property values, refinancing conditions, and operating setbacks. The thin capital base can constrain investment choices and make balance-sheet repair more difficult if asset performance weakens.

Clipper Realty (CLPR) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $53.97M
Dividend Yield: 11.38%
Average Volume (3M): 50.75K
Price to Earnings (P/E): -3.6
Beta (1Y): 0.52
Revenue Growth: 0.04%
EPS Growth: 13.37%
Country: US
Employees: 161
Sector: Real Estate
Sector Strength: 65
Industry: REIT - Residential

Clipper Realty Business Overview & Revenue Model

Company Description

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...

How the Company Makes Money

Clipper Realty makes money primarily by operating income-producing real estate and collecting rents from tenants. Its main revenue streams are (1) residential rental income from multifamily apartments, including rent from market-rate and regulated un...

Clipper Realty Earnings Call Summary

Earnings Call Date:Nov 04, 2026(Q3-2026)|% Change Since:0.30%|Next Earnings Date:Mar 16, 2027

Earnings Call SentimentPositive

The call reflected strong operating performance in the residential portfolio, including record rents, 99% leased stabilized properties, full occupancy at Prospect House, 14.1% residential revenue growth, solid liquidity, and a maintained dividend. These positives were partly offset by the 250 Livingston Street lease termination, lower net income and AFFO, declining commercial revenue, a 93% residential collection rate, and uncertainty around future refinancing costs and potential equity needs. Overall, operational momentum significantly outweighed the stated challenges.

Positive Updates

Strong Portfolio Leasing and Record Rents

Residential properties continued to perform very well, with rents generally at all-time highs and the portfolio nearly fully leased. Stabilized properties were 99% leased overall. Third-quarter new free-market leases exceeded prior rents by over 8% across the portfolio, while new rental rates exceeded previous rents by 9% and renewals by 5%.

Negative Updates

Net Loss Increased Year Over Year

Third-quarter 2026 net loss was $5.9 million, or $0.18 per share, compared with a net loss of $4.6 million, or $0.14 per share, in the third quarter of 2025. The loss increased by $1.3 million.

Company Guidance

Management expects demand for its residential leasing product to remain strong in the foreseeable future; it expects the 141 Livingston Street five-year lease to be completed effective 2027, though there can be no assurance; it expects to refinance Flatbush Gardens, with increased revenues expected to provide a refinancing option either with the same bank or other banks and hopefully not require additional equity, although it is too early to tell; banks discussing two refinancings are talking about 5.5% versus the current 3%; and it plans to refinance Dean Street with a standard mortgage, with an easy movement to extend the refinancing to 2028 on that loan without additional cost.

Clipper Realty Financial Statement Overview

Summary

Operating performance and cash generation are supportive (positive operating cash flow each year; TTM OCF ~$23.7M; solid TTM EBITDA margin ~40%), but the capital structure is a major constraint (negative equity in 2024, 2025, and TTM with high debt ~$1.13B–$1.28B) and net losses persist (TTM net margin ~-8.5%).

Income Statement

54Neutral

Balance Sheet

18Very Negative

Cash Flow

63Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	154.24M	153.20M	148.78M	138.21M	129.75M	122.73M
Gross Profit	78.58M	122.81M	84.84M	75.64M	67.88M	63.28M
EBITDA	61.51M	64.35M	70.31M	58.24M	54.41M	46.80M
Net Income	-13.15M	-19.90M	-2.50M	-5.90M	-4.76M	-7.59M
Balance Sheet
Total Assets	1.22B	1.23B	1.29B	1.25B	1.23B	1.23B
Cash, Cash Equivalents and Short-Term Investments	30.63M	30.82M	19.90M	22.16M	18.15M	34.52M
Total Debt	1.28B	1.28B	1.27B	1.21B	1.16B	1.13B
Total Liabilities	1.33B	1.32B	1.30B	1.24B	1.19B	1.16B
Stockholders Equity	-43.71M	-30.71M	-5.41M	2.74M	14.09M	26.51M
Cash Flow
Free Cash Flow	23.68M	22.57M	31.86M	26.18M	20.14M	-24.71M
Operating Cash Flow	23.68M	22.57M	31.86M	26.18M	20.14M	10.82M
Investing Cash Flow	-9.22M	12.09M	-68.78M	-41.36M	-51.48M	-77.94M
Financing Cash Flow	-17.39M	-14.56M	38.75M	20.73M	9.78M	30.31M

Clipper Realty Technical Analysis

Technical Analysis SentimentPositive

Last Price3.34

Price Trends

50DMA3.24Positive

100DMA3.09Positive

200DMA3.05Positive

Market Momentum

MACD0.03Negative

RSI57.35Neutral

STOCH52.78Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CLPR, the sentiment is Positive. The current price of 3.34 is above the 20-day moving average (MA) of 3.21, above the 50-day MA of 3.24, and above the 200-day MA of 3.05, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 57.35 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CLPR.

Clipper Realty Risk Analysis

Clipper Realty disclosed 61 risk factors in its most recent earnings report. Clipper Realty reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks

1.Our defaults under the loan secured by our 250 Livingston Street property and the resulting appointment of a temporary receiver and the lender's right to foreclose on or take a deed in lieu of foreclosure to that property could cause a material adverse effect on us, including our financial condition, results of operations and cash flow.Q2, 2026

2.141 Livingston Street PropertyQ3, 2025

3.250 Livingston Street PropertyQ3, 2025

Clipper Realty Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

CLPR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CSR	66Neutral	$1.01B	10.55	12.53%	5.42%	15.45%	196.14%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
SUNS	63Neutral	$94.21M	8.17	6.51%	17.94%	52.27%	-20.87%
CLPR	55Neutral	$51.70M	-3.59	34.88%	11.38%	0.04%	13.37%
BRT	50Neutral	$234.81M	-16.32	-8.64%	7.76%	1.45%	-49.54%
NXRT	45Neutral	$405.06M	-10.63	-14.29%	13.75%	0.68%	23.81%

* Real Estate Sector Average

Performance Comparison

CLPR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
CLPR	Clipper Realty Inc.	3.34	0.08	2.36%
CSR	Centerspace	56.86	-6.60	-10.40%
BRT	Brt Apartments Corp.	12.89	-0.70	-5.16%
NXRT	NexPoint Residential	15.42	-13.70	-47.05%
BHM	Bluerock Homes Trust, Inc. Class A	7.72	-0.83	-9.70%
SUNS	Sunrise Realty Trust, Inc.	7.19	-1.08	-13.06%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 05, 2026

Clipper Realty AI Stock Analysis