Clipper Realty Q3 loss widens on NYC lease termination
Overview
US multifamily and commercial property owner's Q3 revenue rose on strong residential leasing and occupancy
Net loss widened, mainly due to NYC lease termination at 250 Livingston Street
Adjusted FFO fell from a year earlier, reflecting impact of NYC lease termination
Outlook
Clipper Realty did not provide specific financial guidance in its press release
Result Drivers
RESIDENTIAL LEASING - Co said higher residential rental rates and occupancy drove revenue growth
COMMERCIAL REVENUE DECLINE - Co said commercial revenue fell due to NYC lease termination at 250 Livingston Street, partly offset by new leases at Tribeca House and higher tax reimbursement at 141 Livingston
NEW PROPERTY CONTRIBUTION - A full quarter of operations at Prospect House supported residential revenue growth after the property entered service in August 2025
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $40.50 mln | $38.70 mln (1 Analyst) |
Q3 Net Loss | $5.90 mln | ||
Q3 AFFO | $4.10 mln | ||
Q3 Dividend | $0.095 | ||
Q3 Income From Operations | $9.90 mln |
Analyst Coverage
The one available analyst rating on the shares is "sell"
The average consensus recommendation for the residential reits peer group is "buy."
Reuters Recommended Reads
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Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook
Nov 2 - Centerspace Q3 revenue falls 16.6%, misses estimates; halts guidance due to pending merger
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)