Clipper Realty Q2 net loss widens to $6.3 million; AFFO falls to $3.8 million
Clipper Realty reported second-quarter 2026 revenue of $38.6 million, down slightly from $39.0 million a year earlier, while its net loss widened to $6.3 million from $1.4 million. The company attributed most of the loss increase to a $5.7 million charge tied to the termination of the NYC lease at 250 Livingston Street, which it said is substantially non-cash, and AFFO fell to $3.8 million from $8.3 million, so shareholders face weaker results and an unresolved lender situation at that office property.
Key points
- Revenue of $38.6 million vs $39.0 million; residential revenue rose $3.1 million to $32.2 million while commercial revenue fell $3.6 million to $6.4 million.
- Net loss of $6.3 million ($0.19 per share) vs $1.4 million ($0.07 per share) a year earlier; the 250 Livingston Street lease termination accounted for a $5.7 million charge.
- AFFO of $3.8 million ($0.09 per share) vs $8.3 million ($0.20 per share), with the 250 Livingston Street lease termination cited as a $5.8 million reduction.
- Declared a second-quarter dividend of $0.095 per share, unchanged from last quarter, payable August 26, 2026 to holders of record on August 18, 2026.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.