Clipper Realty | 8-K: FY2025 Q3 Revenue: USD 37.7 M

Revenue: As of FY2025 Q3, the actual value is USD 37.7 M.

EPS: As of FY2025 Q3, the actual value is USD -0.14.

EBIT: As of FY2025 Q3, the actual value is USD 22.21 M.

Segment Revenue

• Quarterly Revenues: $37.7 million for the third quarter of 2025, compared to $37.6 million for the third quarter of 2024.
• Residential Rental Income: $29.8 million for the third quarter of 2025, compared to $27.8 million for the third quarter of 2024.
• Commercial Rental Income: $7.9 million for the third quarter of 2025, compared to $9.8 million for the third quarter of 2024.

Operational Metrics

• Income from Operations: $8.9 million for the third quarter of 2025, compared to $10.8 million for the third quarter of 2024.
• Net Operating Income (NOI): $20.8 million for the third quarter of 2025, compared to $21.8 million for the third quarter of 2024.
• Net Loss: - $4.6 million for the third quarter of 2025, compared to - $1.1 million for the third quarter of 2024.
• Adjusted Funds from Operations (AFFO): $5.6 million for the third quarter of 2025, compared to $7.8 million for the third quarter of 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $16.5 million for the nine months ended September 30, 2025, compared to $21.3 million for the nine months ended September 30, 2024.
• Net Cash Provided by Investing Activities: $12.9 million for the nine months ended September 30, 2025, compared to - $57.1 million for the nine months ended September 30, 2024.
• Net Cash Used in Financing Activities: - $10.8 million for the nine months ended September 30, 2025, compared to $35.6 million for the nine months ended September 30, 2024.

Unique Metrics

• Dividend: Declared a dividend of $0.095 per share for the third quarter of 2025.
• Notes Payable: $1,281.2 million at September 30, 2025, compared to $1,275.4 million at December 31, 2024.

Outlook / Guidance

• The Company’s residential properties continued to have high occupancy and strong renter demand, with new leases exceeding previous rents by nearly 14% and renewals by over 6%.
• The Prospect House property is in its initial lease-up phase and progressing well, having completed construction and achieved lower cost bridge financing last quarter.
• The Company is actively seeking solutions for the 250 Livingston Street commercial property after the New York City tenant vacated in mid-August.