Clipper Realty Reports Q3 2026 Revenue Growth Driven by Residential Rental Rates
Clipper Realty (CLPR) reported third-quarter 2026 revenue of $40.5 million, a year-over-year increase of $2.8 million. This growth was primarily fueled by the residential segment, which saw revenues rise to $34.0 million due to record rental rates and high occupancy levels across stabilized properties in New York City. The company faced significant headwinds in its commercial sector, where revenue dropped by $1.4 million following the termination of a lease at 250 Livingston Street. This loss contributed to a net loss of $5.9 million ($0.18 per share) and a decrease in Adjusted Funds From Operations (AFFO) to $4.1 million. Despite these commercial challenges, residential occupancy remains robust at 99%, with new free-market leases showing strong upward momentum.
Tickers: $CLPR
Topics: AFFO lease termination net loss residential rental rates revenue growth