Clipper Realty
Market Cap
US$239.6m
Last Updated
2020/03/31 03:40 UTC
Data Sources
Company Financials +
Executive Summary
Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential average dividend payer.
Share Price & News
How has Clipper Realty's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CLPR's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-9.3%
CLPR
15.8%
US REITs
7.2%
US Market
1 Year Return
-61.1%
CLPR
-20.1%
US REITs
-10.4%
US Market
Return vs Industry: CLPR underperformed the US REITs industry which returned -20.1% over the past year.
Return vs Market: CLPR underperformed the US Market which returned -10.4% over the past year.
Shareholder returns
| CLPR | Industry | Market | |
|---|---|---|---|
| 7 Day | -9.3% | 15.8% | 7.2% |
| 30 Day | -53.9% | -19.2% | -12.6% |
| 90 Day | -50.9% | -24.6% | -19.4% |
| 1 Year | -59.4%-61.1% | -16.8%-20.1% | -8.5%-10.4% |
| 3 Year | -56.2%-61.1% | -0.7%-13.1% | 15.8%8.3% |
| 5 Year | n/a | 13.3%-10.2% | 35.8%21.0% |
Price Volatility Vs. Market
How volatile is Clipper Realty's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Clipper Realty Inc.'s (NYSE:CLPR) Path To Profitability2 months ago | Simply Wall St
Imagine Owning Clipper Realty (NYSE:CLPR) And Wondering If The 19% Share Price Slide Is Justified4 months ago | Simply Wall St
Clipper Realty Inc. (NYSE:CLPR) Will Pay A 1.0% Dividend In 3 DaysValuation
Is Clipper Realty undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CLPR ($5.2) is trading below our estimate of fair value ($10.74)
Significantly Below Fair Value: CLPR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CLPR is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: CLPR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CLPR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CLPR is overvalued based on its PB Ratio (1.6x) compared to the US REITs industry average (1.3x).
Next Steps
Future Growth
How is Clipper Realty forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
154.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLPR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: CLPR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CLPR's is expected to become profitable in the next 3 years.
Revenue vs Market: CLPR's revenue (8.4% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: CLPR's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CLPR's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Clipper Realty performed over the past 5 years?
-35.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CLPR is currently unprofitable.
Growing Profit Margin: CLPR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CLPR is unprofitable, and losses have increased over the past 5 years at a rate of -35.4% per year.
Accelerating Growth: Unable to compare CLPR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CLPR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5%).
Return on Equity
High ROE: CLPR has a negative Return on Equity (-2.91%), as it is currently unprofitable.
Next Steps
Financial Health
How is Clipper Realty's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CLPR has a high level of physical assets or inventory.
Debt Coverage by Assets: CLPR's debt is not covered by short term assets (assets are 0.1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CLPR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CLPR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.7% per year.
Financial Institutions Analysis
Asset Level: CLPR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CLPR has a sufficient allowance for bad loans.
Low Risk Liabilities: CLPR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CLPR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CLPR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CLPR has an appropriate level of bad loans.
Next Steps
Dividend
What is Clipper Realty's current dividend yield, its reliability and sustainability?
7.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CLPR's dividend (7.31%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: CLPR's dividend (7.31%) is in the top 25% of dividend payers in the US market (5.4%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CLPR has been paying a dividend for less than 10 years.
Growing Dividend: CLPR's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.6%), CLPR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CLPR's dividends in 3 years are forecast to be thoroughly covered by earnings (1.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
David Bistricer (69yo)
5.17s
Tenure
US$840,048
Compensation
Mr. David Bistricer is a Principal in E.B. Acquisitions, LLC. Mr. Bistricer serves as the Co-Chairman and Chief Executive Officer of Clipper Realty Inc. Mr. Bistricer has been a private investor since 1990 ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD840.05K) is below average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Chairman & CEO | 5.17yrs | US$840.05k | 5.14% $12.3m | |
| Chief Operating Officer | 5.17yrs | US$572.16k | 0.56% $1.3m | |
| Chief Financial Officer | 0.67yr | no data | no data | |
| Chief Property Management Officer | no data | no data | 0.58% $1.4m |
5.2yrs
Average Tenure
48yo
Average Age
Experienced Management: CLPR's management team is seasoned and experienced (5.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Chairman & CEO | 5.17yrs | US$840.05k | 5.14% $12.3m | |
| Independent Director | 5.17yrs | US$95.63k | 0.11% $269.0k | |
| Independent Director | 2yrs | US$68.75k | no data | |
| Co-Chairman of the Board | 5.17yrs | US$205.79k | 1.79% $4.3m | |
| Independent Director | 2yrs | US$68.75k | 0.0042% $10.1k | |
| Independent Director | 5.17yrs | US$75.63k | no data | |
| Director | 5.17yrs | US$75.63k | 0.011% $25.8k |
5.2yrs
Average Tenure
69yo
Average Age
Experienced Board: CLPR's board of directors are considered experienced (5.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Clipper Realty Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Clipper Realty Inc.
- Ticker: CLPR
- Exchange: NYSE
- Founded: 2015
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$239.637m
- Market Cap: US$92.636m
- Shares outstanding: 44.13m
- Website: https://www.clipperrealty.com
Number of Employees
Location
- Clipper Realty Inc.
- 4611 12th Avenue
- Suite 1L
- Brooklyn
- New York
- 11219
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CLPR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 2017 |
Biography
Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 03:40 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.