Clipper Realty Declares $0.095 Quarterly Dividend, Maintains Payout
Clipper Realty Inc., a New York metropolitan area real estate company, declared a fourth quarter dividend of $0.095 per share, matching the previous quarter's payout. The dividend will be paid March 19, 2026, to shareholders of record on March 12, 2026.
Clipper Realty Inc. (NYSE: CLPR), a real estate company operating multifamily residential and commercial properties in Manhattan and Brooklyn, declared a fourth quarter dividend of $0.095 per share. The payout matches the previous quarter's distribution. Read more dividend announcements.
The dividend will be paid on March 19, 2026, to shareholders of record as of March 12, 2026.
| Dividend Details | Date/Amount |
|---|---|
| Amount per Share | $0.095 |
| Record Date | March 12, 2026 |
| Payment Date | March 19, 2026 |
| Frequency | Quarterly |
Fourth Quarter Operating Results
The company reported quarterly revenues of $37.1 million for the fourth quarter of 2025, compared to $38.0 million in the prior year period. Residential revenues increased $2.7 million, or 9.5%, to $30.9 million from $28.2 million, while commercial revenues declined $3.6 million to $6.2 million from $9.8 million.
Clipper Realty recorded a net loss of $11.3 million for the fourth quarter of 2025, compared to a net loss of $1.1 million in the year-earlier period. Income from operations totaled $8.1 million, down from $10.7 million last year.
Net operating income reached $20.7 million for the quarter, compared to $22.6 million in the fourth quarter of 2024. Adjusted funds from operations totaled $1.7 million, down from $8.1 million in the prior year quarter.
Leasing Activity
The company reported continued strength in its residential portfolio, with new leases exceeding previous rents by nearly 13% and renewals by over 7%. The Prospect House property at 953 Dean Street in Brooklyn completed its second quarter of initial lease-up.
The results also reflected the sale of the 10 West 65th Street property in May 2025 and the settlement of lender issues at the 141 Livingston Street commercial property in December 2025.
Balance Sheet
Notes payable totaled $1.29 billion on December 31, 2025, compared to $1.28 billion at year-end 2024. Cash and cash equivalents stood at $30.8 million, up from $19.9 million at December 31, 2024. Restricted cash increased to $27.3 million from $18.2 million.