Buy Or Sell Opportunity • Jun 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.9% to US$3.17. The fair value is estimated to be US$2.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 3.7% in a year. Earnings are forecast to decline by 102% in the next year. Buy Or Sell Opportunity • May 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to US$3.19. The fair value is estimated to be US$2.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 3.7% in a year. Earnings are forecast to decline by 102% in the next year. Declared Dividend • May 18
First quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 26th May 2026 Payment date: 4th June 2026 Dividend yield will be 13%, which is higher than the industry average of 3.8%. Announcement • May 16
Clipper Realty Inc. announces Quarterly dividend, payable on June 04, 2026 Clipper Realty Inc. announced Quarterly dividend of USD 0.0950 per share payable on June 04, 2026, ex-date on May 26, 2026 and record date on May 26, 2026. Reported Earnings • May 15
First quarter 2026 earnings released: US$0.30 loss per share (vs US$0.86 loss in 1Q 2025) First quarter 2026 results: US$0.30 loss per share (improved from US$0.86 loss in 1Q 2025). Revenue: US$38.1m (down 3.3% from 1Q 2025). Net loss: US$4.24m (loss narrowed 70% from 1Q 2025). Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • May 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 27% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$96m). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable next year (US$21m net loss next year). Announcement • May 04
Clipper Realty Inc., Annual General Meeting, Jun 17, 2026 Clipper Realty Inc., Annual General Meeting, Jun 17, 2026. Location: at the offices of clipper realty inc., at 4611 twelfth avenue, suite 1l, new york, 11219, brooklyn United States Announcement • Apr 22
Clipper Realty Inc. to Report Q1, 2026 Results on May 14, 2026 Clipper Realty Inc. announced that they will report Q1, 2026 results After-Market on May 14, 2026 Declared Dividend • Mar 02
Fourth quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 12th March 2026 Payment date: 19th March 2026 Dividend yield will be 12%, which is higher than the industry average of 3.8%. New Risk • Feb 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$49.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$81m). Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable next year (US$14m net loss next year). Market cap is less than US$100m (US$49.7m market cap). New Risk • Feb 27
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$81m). Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable next year (US$14m net loss next year). Announcement • Feb 27
Clipper Realty Inc. Declares Fourth Quarter Dividend, Payable on March 19, 2026 Clipper Realty Inc. declared a fourth quarter dividend of $0.095 per share, the same amount as last quarter, to shareholders of record on March 12, 2026, payable March 19, 2026. Announcement • Feb 18
Clipper Realty Inc. to Report Q4, 2025 Results on Feb 26, 2026 Clipper Realty Inc. announced that they will report Q4, 2025 results After-Market on Feb 26, 2026 Recent Insider Transactions • Jan 02
Co-Chairman of the Board recently bought US$216k worth of stock On the 31st of December, Shmuel Levinson bought around 58k shares on-market at roughly US$3.71 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Shmuel's only on-market trade for the last 12 months. New Risk • Nov 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$58.5m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$66m). Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable next year (US$19m net loss next year). Market cap is less than US$100m (US$58.5m market cap). Declared Dividend • Nov 17
Third quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 26th November 2025 Payment date: 4th December 2025 Dividend yield will be 10%, which is higher than the industry average of 3.8%. Reported Earnings • Nov 14
Third quarter 2025 earnings released: US$0.11 loss per share (vs US$0.049 loss in 3Q 2024) Third quarter 2025 results: US$0.11 loss per share (further deteriorated from US$0.049 loss in 3Q 2024). Revenue: US$37.7m (flat on 3Q 2024). Net loss: US$1.75m (loss widened 124% from 3Q 2024). Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Residential REITs industry in the US are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Nov 14
Clipper Realty Inc. Declares Dividend for the Third Quarter of 2025, Payable on December 4, 2025 Clipper Realty Inc. declared a third quarter 2025 dividend of $0.095 per share, the same amount as last quarter, to shareholders of record on November 26, 2025, payable December 4, 2025. Announcement • Nov 06
Clipper Realty Inc. to Report Q3, 2025 Results on Nov 13, 2025 Clipper Realty Inc. announced that they will report Q3, 2025 results After-Market on Nov 13, 2025 New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$58m). Earnings have declined by 12% per year over the past 5 years. Minor Risk Paying a dividend despite being loss-making. Buy Or Sell Opportunity • Aug 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to US$3.82. The fair value is estimated to be US$4.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to decline by 6.0% in a year. Earnings are forecast to decline by 76% in the next year. Declared Dividend • Aug 11
Second quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 21st August 2025 Payment date: 5th September 2025 Dividend yield will be 9.5%, which is higher than the industry average of 3.8%. Reported Earnings • Aug 08
Second quarter 2025 earnings released: US$0.032 loss per share (vs US$0.064 loss in 2Q 2024) Second quarter 2025 results: US$0.032 loss per share (improved from US$0.064 loss in 2Q 2024). Revenue: US$39.0m (up 4.5% from 2Q 2024). Net loss: US$516.0k (loss narrowed 50% from 2Q 2024). Revenue is expected to decline by 7.1% p.a. on average during the next 2 years, while revenues in the Residential REITs industry in the US are expected to grow by 3.8%. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 24% per year. Announcement • Aug 08
Clipper Realty Inc. Declares Dividend for the Second Quarter Ended June 30, 2025, Payable on September 5, 2025 Clipper Realty Inc. declared second quarter dividend of $0.095 per share, the same amount as last quarter, to shareholders of record on August 21, 2025, payable September 5, 2025. Announcement • Jul 30
Clipper Realty Inc. to Report Q2, 2025 Results on Aug 07, 2025 Clipper Realty Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 New Risk • Jun 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$61.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$53m). Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risks Paying a dividend despite being loss-making. Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Market cap is less than US$100m (US$61.4m market cap). Declared Dividend • May 15
First quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 27th May 2025 Payment date: 11th June 2025 Dividend yield will be 9.5%, which is higher than the industry average of 3.8%. New Risk • May 13
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 26% Dividend yield: 9.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$53m). Earnings are forecast to decline by an average of 32% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (26% payout ratio). Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Reported Earnings • May 13
First quarter 2025 earnings released: US$0.86 loss per share (vs US$0.086 loss in 1Q 2024) First quarter 2025 results: US$0.86 loss per share (further deteriorated from US$0.086 loss in 1Q 2024). Revenue: US$39.4m (up 10% from 1Q 2024). Net loss: US$13.3m (loss widened US$12.0m from 1Q 2024). Revenue is expected to decline by 5.9% p.a. on average during the next 2 years, while revenues in the Residential REITs industry in the US are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • May 08
Clipper Realty Inc. to Report Q1, 2025 Results on May 12, 2025 Clipper Realty Inc. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Announcement • May 01
Clipper Realty Inc., Annual General Meeting, Jun 18, 2025 Clipper Realty Inc., Annual General Meeting, Jun 18, 2025. Location: 4611 twelfth avenue, suite 1l, new york, 11219, brooklyn United States Upcoming Dividend • Mar 12
Upcoming dividend of US$0.095 per share Eligible shareholders must have bought the stock before 19 March 2025. Payment date: 03 April 2025. Trailing yield: 8.6%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.5%). Declared Dividend • Feb 19
Fourth quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 19th March 2025 Payment date: 3rd April 2025 Dividend yield will be 7.8%, which is higher than the industry average of 3.8%. Reported Earnings • Feb 16
Full year 2024 earnings released: FFO per share: US$1.4 (vs US$0.83 in FY 2023) Full year 2024 results: FFO per share: US$1.4 (up from US$0.83 in FY 2023). Revenue: US$148.8m (up 7.6% from FY 2023). Funds from operations (FFO): US$23.3m (up 74% from FY 2023). FFO margin: 16% (up from 9.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Feb 15
Clipper Realty Inc. Declares Fourth Quarter Dividend, Payable on April 3, 2025 Clipper Realty Inc. declared a fourth quarter dividend of $0.095 per share, the same amount as last quarter, to shareholders of record on March 19, 2025, payable April 3, 2025. Announcement • Feb 13
Clipper Realty Inc. to Report Q4, 2024 Results on Feb 14, 2025 Clipper Realty Inc. announced that they will report Q4, 2024 results After-Market on Feb 14, 2025 New Risk • Jan 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$64.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$9.5m). Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$64.6m market cap). Buy Or Sell Opportunity • Dec 23
Now 26% undervalued The stock has been flat over the last 90 days, currently trading at US$5.26. The fair value is estimated to be US$7.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 11%. New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$9.5m). Earnings have declined by 11% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Nov 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$83.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$9.5m). Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (US$83.0m market cap). New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$9.5m). Earnings have declined by 11% per year over the past 5 years. Declared Dividend • Nov 04
Third quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 13th November 2024 Payment date: 27th November 2024 Dividend yield will be 6.4%, which is higher than the industry average of 3.8%. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.05 loss per share (vs US$0.075 loss in 3Q 2023) Third quarter 2024 results: US$0.05 loss per share (improved from US$0.075 loss in 3Q 2023). Revenue: US$37.6m (up 7.1% from 3Q 2023). Net loss: US$412.0k (loss narrowed 66% from 3Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Nov 01
Clipper Realty Inc. Declares Third Quarter Dividend, Payable on November 27, 2024 Clipper Realty Inc. declared a third quarter dividend of $0.095 per share, the same amount as last quarter, to shareholders of record on November 13, 2024, payable November 27, 2024. Buy Or Sell Opportunity • Oct 21
Now 21% undervalued Over the last 90 days, the stock has risen 61% to US$6.27. The fair value is estimated to be US$7.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.6%. Announcement • Oct 17
Clipper Realty Inc. to Report Q3, 2024 Results on Oct 31, 2024 Clipper Realty Inc. announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 New Risk • Sep 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$77.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$4.7m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$77.8m market cap). Declared Dividend • Aug 05
Second quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 15th August 2024 Payment date: 22nd August 2024 Dividend yield will be 8.7%, which is higher than the industry average of 3.8%. Reported Earnings • Aug 02
Second quarter 2024 earnings released: US$0.06 loss per share (vs US$0.098 loss in 2Q 2023) Second quarter 2024 results: US$0.06 loss per share (improved from US$0.098 loss in 2Q 2023). Revenue: US$37.3m (up 8.1% from 2Q 2023). Net loss: US$660.0k (loss narrowed 58% from 2Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Clipper Realty Inc. Declares Dividend for the Second Quarter of 2024, Payable on August 22, 2024 Clipper Realty Inc. declared a second quarter dividend of 2024 of $0.095 per share, the same amount as last quarter, to shareholders of record on August 15, 2024, payable August 22, 2024. Announcement • Jul 22
Clipper Realty Inc. to Report Q2, 2024 Results on Aug 01, 2024 Clipper Realty Inc. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 New Risk • Jun 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$59.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$59.8m market cap). Declared Dividend • May 10
First quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 20th May 2024 Payment date: 30th May 2024 Dividend yield will be 9.5%, which is higher than the industry average of 3.8%. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.063 loss per share (vs US$0.19 loss in 1Q 2023) First quarter 2024 results: US$0.063 loss per share (improved from US$0.19 loss in 1Q 2023). Revenue: US$35.8m (up 6.2% from 1Q 2023). Net loss: US$1.01m (loss narrowed 66% from 1Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to US$4.13. The fair value is estimated to be US$5.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 3.2%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Announcement • May 01
Clipper Realty Inc., Annual General Meeting, Jun 18, 2024 Clipper Realty Inc., Annual General Meeting, Jun 18, 2024, at 11:00 Eastern Daylight. Location: offices of Clipper Realty Inc., at 4611 Twelfth Avenue, Suite 1L, Brooklyn, New York, 11219 New York United States Agenda: To consider the election of seven directors, each to serve until the next annual meeting of our stockholders or until their respective successors are duly elected and qualified; to consider the ratification of the appointment of PKF O’Connor Davies, LLP, as our independent registered public accounting firm for the fiscal year ending December 31, 2024; to consider the approval of an amendment of the Company’s 2015 Omnibus Incentive Compensation Plan to increase the number of shares of the Company’s common stock issuable under the plan; and to consider other matters. Announcement • Apr 23
Clipper Realty Inc. to Report Q1, 2024 Results on May 07, 2024 Clipper Realty Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Buy Or Sell Opportunity • Apr 15
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to US$4.07. The fair value is estimated to be US$5.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has declined by 3.2%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 85% in the next 2 years. Upcoming Dividend • Mar 19
Upcoming dividend of US$0.095 per share Eligible shareholders must have bought the stock before 26 March 2024. Payment date: 04 April 2024. Trailing yield: 8.0%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (3.8%). Declared Dividend • Mar 18
Fourth quarter dividend of US$0.095 announced Dividend of US$0.095 is the same as last year. Ex-date: 26th March 2024 Payment date: 4th April 2024 Dividend yield will be 7.7%, which is higher than the industry average of 3.8%. New Risk • Mar 15
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Mar 15
Full year 2023 earnings released: US$0.45 loss per share (vs US$0.36 loss in FY 2022) Full year 2023 results: US$0.45 loss per share (further deteriorated from US$0.36 loss in FY 2022). Revenue: US$138.2m (up 6.5% from FY 2022). Net loss: US$5.90m (loss widened 2.9% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Mar 15
Clipper Realty Inc. Declares Dividend for the Fourth Quarter of 2023, Payable on April 4, 2024 Clipper Realty Inc. declared a fourth quarter of 2023 dividend of $0.095 per share, the same amount as last quarter, to shareholders of record on March 27, 2024, payable April 4, 2024. New Risk • Mar 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$80.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$80.0m market cap). Announcement • Feb 23
Clipper Realty Inc. to Report Q4, 2023 Results on Mar 14, 2024 Clipper Realty Inc. announced that they will report Q4, 2023 results After-Market on Mar 14, 2024 New Risk • Jan 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$81.1m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$81.1m market cap). New Risk • Dec 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$88.7m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (US$88.7m market cap). Price Target Changed • Nov 24
Price target decreased by 16% to US$8.00 Down from US$9.50, the current price target is an average from 2 analysts. New target price is 64% above last closing price of US$4.87. Stock is down 35% over the past year. The company posted a net loss per share of US$0.36 last year. Reported Earnings • Nov 03
Third quarter 2023 earnings released: US$0.055 loss per share (vs US$0.083 loss in 3Q 2022) Third quarter 2023 results: US$0.055 loss per share (improved from US$0.083 loss in 3Q 2022). Revenue: US$35.1m (up 7.1% from 3Q 2022). Net loss: US$881.0k (loss narrowed 34% from 3Q 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 3% per year. Announcement • Nov 03
Clipper Realty Inc. Declares Third Quarter Dividend, Payable November 22, 2023 Clipper Realty Inc. declared a third quarter dividend of $0.095 per share, the same amount as last quarter, to shareholders of record on November 14, 2023, payable November 22, 2023. Announcement • Oct 13
Clipper Realty Inc. to Report Q3, 2023 Results on Nov 02, 2023 Clipper Realty Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2023 