Clipper Realty Inc. (CLPR)

From the record

Clipper Realty Inc.'s filings since 2017 show 4 warning events of 3 kinds: a debt default or acceleration notice (8-K item 2.04, 2 times, the latest 2025-12-23); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-03-11); an auditor change (8-K item 4.01, the latest 2022-10-04) (its current reports).

From the record

Clipper Realty Inc.'s 9 filed years say what it did: revenue went from $104 million in fiscal 2017 to $153 million in fiscal 2025, up 5% a year; it rose in 7 of 8 years; the deepest fall was 0% from fiscal 2020 to fiscal 2021; net income was positive in 0 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Clipper Realty Inc.'s diluted share count grew about 0.2% a year, and dividends and buybacks returned about 66% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 21 purchases of their own stock on the open market in the year to 2026-10-02, buying about $2 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Clipper Realty Inc.'s shareholders' equity was below zero, so the profit on it is not read, and gross profitability: its products earned about 0 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 107 cents per dollar of assets, and net share issuance: its share count grew 0.2% over the year (the filed statements).

From the record

Clipper Realty Inc.'s standing among 157 graded names in its industry family: revenue of $153 million in fiscal 2025 ranks in the bottom 25% by size; a net margin of -34.2% ranks in the bottom 9%; revenue growth of 5.7% a year over the last 3 filed years ranks in the top 47% (its annual reports).

From the record

Clipper Realty Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Bistricer, David (Co-Chairman and CEO, as filed), filing under that title since 2017-02-10, 9.8 years (top 37% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 9.8 years (top 28%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 10%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Clipper Realty Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $31 million against no long-term debt tagged leaves 2.5% of its assets as net cash, top 16% of its family; cash from operations less capital spending is 14.7% of revenue (bottom 29%); a gross margin of 2.7% (bottom 4%) (its annual report).

From the record

Clipper Realty Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 5.7% a year over the last three filed years against 5% over all 9, speeding up (top 33% of its family); the newest year grew 3% (top 50%); capital spending grew -4.8% a year (bottom 36%) (its annual reports). Clipper Realty Inc. reported 2 lines of business in fiscal 2025: Residential at $119 million (78%), Commercial at $34 million (22%); 1 of 2 grew against the year before (its annual report).

From the record

Clipper Realty Inc.'s newest year against its own record: revenue of $153 million in fiscal 2025 came in 3.8% below the $159 million its prior three years' pace pointed to (bottom 39% of its family); net income of $52 million against a prior three-year average of $12 million (bottom 5%); a net margin of -34.2% against -8.5% before (bottom 9%) (its annual reports).