Lumida
/CLPR
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Clipper Realty Inc

Clipper Realty Inc

CLPR
$2.89USD↓-0.34%-0.01 today

MARKET CAP

46.7M

P/E (TTM)

6.9x

FWD P/E

6.9x

DAY RANGE

$3 – $3

52W RANGE

$3
$5

AI Summary

Stalk
StalkMedium

CLPR has breached key support on heavy volume and is trading in an extreme oversold environment within a multi-year demand zone, activating mean-reversion eligibility. Despite the Stage 4 downtrend and a terminal support failure, the asset’s deeply oversold valuations and historical demand region suggest a counter-trend opportunity. However, price is extended below all EMAs with no clear reversal yet. We defer buying and stalk for a rebound or stabilizing pullback into the demand area before engaging.

  • ↑Rents at all-time highs; 99% occupancy across residential portfolio
  • ↑Revenue projected +4.5% annually over next two years despite Q1 revenue down 3.3% to $38.1 M
  • ↓250 Livingston office property paused interest payments, raising leverage risk
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The case for & against

Bull & Bear analysis

Bearish

Clipper Realty Inc. (NYSE: CLPR) is a real estate investment trust (REIT) that primarily focuses on owning and managing residential and commercial properties in New York City. Clipper Realty specializes in high-demand residential markets, particularly in urban areas like Brooklyn and Manhattan, and aims to capitalize on the persistent rental demand driven by housing supply constraints. The company is currently navigating challenges in the commercial real estate sector, especially surrounding their 250 Livingston Street property, while optimizing operations to sustain growth and returns.

Bull says

  • ↑Rents at all-time highs; 99% occupancy across residential portfolio
  • ↑Revenue projected +4.5% annually over next two years despite Q1 revenue down 3.3% to $38.1 M
  • ↑Dividend yield 13% on $0.095/share supports income-oriented investors
  • ↑89% of debt fixed at 3.87% avg rate, limiting refinancing risk
  • ↑New leases stabilize at 7% above prior rents, driving rental growth
  • ↑$26.1 M unrestricted cash and $28.6 M restricted cash bolster liquidity

Bear says

  • ↓250 Livingston office property paused interest payments, raising leverage risk
  • ↓Q1 2026 AFFO fell 70% YoY to $2.3 M; EPS loss of $0.30
  • ↓Revenue down 3.3% YoY to $38.1 M; NOI declined $1.6 M
  • ↓Operating expenses rose $1 M, squeezing margins amid cost inflation
  • ↓Investor sentiment weak: shares fell 2.9% post-earnings with low short interest
  • ↓High leverage and weak profitability factors raise refinancing concerns

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-20-2026neutral

Transcript signals

Bull points

  • Thank you. I'm pleased to report that residential leasing at all our stabilized properties is very strong and they are 99% leased overall. Rents are at record levels and continuing to increase.
  • Overall, new rental rates at residential free market properties in the first quarter exceeded previous rents by 7% and renewals by 5%.
  • Our residential free market rents are now at record highs.

Bear points

  • after New York City vacated mid-August of 2025, we notified the lender that we do not intend to support the property's ongoing operations, and debt service had ceased, making payments of interest in real estate taxes.
  • 250 Livington Street, after New York City vacated mid-August of 2025, and as more fully described in the thank you press release, we notify the lender that we do not intend to support the property's ongoing operations, and debt service had ceased, making payments of interest in real estate taxes.
  • our results this quarter versus last year reflect the effects of four items worthy of note namely the termination of the new york city lease at the 250 livingston street office property on august 23rd 2025 the initial lease up of results at prospect house place in service August 1, 2025, reflecting excess of expenses over limited but growing revenue, the absence of results from the 10 West 65th Street property sold in May 2025, and the settlement cost of litigation regarding historical payroll practices at all of our properties.
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