Clipper Realty Inc.CLPREarnings & Financial Report
Clipper Equity LLC is a partnership led by David Bistricer and Sam Levinson. The firm owns more than 60 buildings, with thousands of residential units, in New York and New Jersey. The partnership are known for their attempted purchase of the Starrett City housing complex in Brooklyn, New York, for $1.3 billion on February 8, 2007, in one of the largest real estate transactions in history. New York's Mayor Michael Bloomberg expressed concerns over the new landlord's history of building violati...
Revenue
$37.3M
Gross Profit
$10.0M
Operating Profit
$10.0M
Net Profit
$-1.7M
Gross Margin
26.8%
Operating Margin
26.8%
Net Margin
-4.7%
YoY Growth
8.1%
EPS
$-0.06
Clipper Realty Inc. Q2 FY2024 Financial Summary
Clipper Realty Inc. reported revenue of $37.3M (up 8.1% YoY) for Q2 FY2024, with a net profit of $-1.7M (up 47.1% YoY) (-4.7% margin). Cost of goods sold was $27.3M.
Key Financial Metrics
| Total Revenue | $37.3M |
|---|---|
| Net Profit | $-1.7M |
| Gross Margin | 26.8% |
| Operating Margin | 26.8% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Clipper Realty Inc. Q2 FY2024 revenue of $37.3M breaks down across 2 segments, led by Residential Segment at $27.7M (74.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Residential Segment | $27.7M | 74.3% |
| Commercial Real Estate | $9.6M | 25.7% |
Clipper Realty Inc. Revenue by Segment — Quarterly Trend
Clipper Realty Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Residential Segment and Commercial Real Estate) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Residential Segment | $30.8M | $29.8M | $29.1M | $29.2M |
| Commercial Real Estate | $6.2M | $7.9M | $10.0M | $10.2M |
Clipper Realty Inc. Annual Revenue by Year
Clipper Realty Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $153.2M).
| Year | Annual Revenue |
|---|---|
| 2025 | $153.2M |
| 2024 | $148.8M |
| 2023 | $138.2M |
| 2022 | $129.7M |
Clipper Realty Inc. Quarterly Revenue & Net Profit History
Clipper Realty Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $37.1M | -2.6% | $-11.3M | -30.4% |
| Q3 FY2025 | $37.7M | +0.2% | $-4.6M | -12.2% |
| Q2 FY2025 | $39.0M | +4.5% | $-1.4M | -3.5% |
| Q1 FY2025 | $39.4M | +10.2% | $-35.1M | -89.1% |
| Q4 FY2024 | $38.0M | +9.1% | $-1.1M | -2.9% |
| Q3 FY2024 | $37.6M | +7.1% | $-1.1M | -2.9% |
| Q2 FY2024 | $37.3M | +8.1% | $-1.7M | -4.7% |
| Q1 FY2024 | $35.8M | +6.2% | $-2.7M | -7.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.8M | $37.3M | $37.6M | $38.0M | $39.4M | $39.0M | $37.7M | $37.1M |
| YoY Growth | 6.2% | 8.1% | 7.1% | 9.1% | 10.2% | 4.5% | 0.2% | -2.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.26B | $1.27B | $1.29B | $1.29B | $1.26B | $1.24B | $1.24B | $1.23B |
| Liabilities | $1.26B | $1.28B | $1.30B | $1.30B | $1.31B | $1.30B | $1.30B | $1.32B |
| Equity | $279000 | $-1.8M | $-3.6M | $-5.4M | $-20.1M | $-21.9M | $-25.0M | $-30.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $6.3M | $8.8M | $6.3M | $31.9M | $6.7M | $8.4M | $1.4M | $22.6M |