Clipper Realty Inc. — Third Quarter 2026 Earnings Summary

Clipper Realty Inc. reported third-quarter 2026 revenues of $40.5 million, driven by a $4.2 million increase in residential rental income due to strong leasing rates and occupancy. The company recorded a net loss of $5.9 million, a significant portion of which stemmed from the termination of a major lease at its 250 Livingston Street office property in August 2025. Adjusted funds from operations (AFFO) for the quarter were $4.1 million, while net operating income (NOI) reached $22.3 million. The company declared a quarterly dividend of $0.095 per share and noted that the lender at 250 Livingston Street has not yet exercised its right to foreclose.