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Side-by-side financial comparison of Clipper Realty Inc. (CLPR) and Claros Mortgage Trust, Inc. (CMTG). Click either name above to swap in a different company.
Claros Mortgage Trust, Inc. is the larger business by last-quarter revenue ($46.7M vs $37.1M, roughly 1.3× Clipper Realty Inc.). Clipper Realty Inc. runs the higher net margin — -30.4% vs -468.9%, a 438.5% gap on every dollar of revenue. On growth, Clipper Realty Inc. posted the faster year-over-year revenue change (-2.6% vs -22.4%). Over the past eight quarters, Clipper Realty Inc.'s revenue compounded faster (1.8% CAGR vs -10.9%).
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...
Claros Mortgage Trust, Inc. is a U.S.-based real estate investment trust that invests in diversified mortgage-related assets, including residential and commercial mortgage loans and mortgage-backed securities. It pursues stable, risk-adjusted long-term returns for shareholders via rigorous asset evaluation and active portfolio management.
CLPR vs CMTG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $37.1M | $46.7M |
| Net Profit | $-11.3M | $-219.2M |
| Gross Margin | -5.2% | — |
| Operating Margin | 21.8% | — |
| Net Margin | -30.4% | -468.9% |
| Revenue YoY | -2.6% | -22.4% |
| Net Profit YoY | -938.6% | -117.7% |
| EPS (diluted) | — | $-1.56 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $37.1M | $46.7M | ||
| Q3 25 | $37.7M | $46.1M | ||
| Q2 25 | $39.0M | $51.6M | ||
| Q1 25 | $39.4M | $43.4M | ||
| Q4 24 | $38.0M | $60.2M | ||
| Q3 24 | $37.6M | $64.9M | ||
| Q2 24 | $37.3M | $64.5M | ||
| Q1 24 | $35.8M | $58.8M |
| Q4 25 | $-11.3M | $-219.2M | ||
| Q3 25 | $-4.6M | $-9.5M | ||
| Q2 25 | $-1.4M | $-181.7M | ||
| Q1 25 | $-35.1M | $-78.6M | ||
| Q4 24 | $-1.1M | $-100.7M | ||
| Q3 24 | $-1.1M | $-56.2M | ||
| Q2 24 | $-1.7M | $-11.6M | ||
| Q1 24 | $-2.7M | $-52.8M |
| Q4 25 | -5.2% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 27.8% | — | ||
| Q1 25 | -34.5% | — | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 26.8% | — | ||
| Q1 24 | 25.4% | — |
| Q4 25 | 21.8% | — | ||
| Q3 25 | 23.6% | — | ||
| Q2 25 | 27.7% | — | ||
| Q1 25 | -59.9% | — | ||
| Q4 24 | 28.1% | — | ||
| Q3 24 | 28.6% | — | ||
| Q2 24 | 26.8% | — | ||
| Q1 24 | 25.4% | — |
| Q4 25 | -30.4% | -468.9% | ||
| Q3 25 | -12.2% | -20.7% | ||
| Q2 25 | -3.5% | -351.9% | ||
| Q1 25 | -89.1% | -181.3% | ||
| Q4 24 | -2.9% | -167.2% | ||
| Q3 24 | -2.9% | -86.7% | ||
| Q2 24 | -4.7% | -17.9% | ||
| Q1 24 | -7.5% | -89.7% |
| Q4 25 | — | $-1.56 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-1.30 | ||
| Q1 25 | — | $-0.56 | ||
| Q4 24 | — | $-0.72 | ||
| Q3 24 | — | $-0.40 | ||
| Q2 24 | — | $-0.09 | ||
| Q1 24 | — | $-0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $30.8M | $173.2M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | $-30.7M | $1.5B |
| Total Assets | $1.2B | $4.7B |
| Debt / EquityLower = less leverage | — | 2.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.8M | $173.2M | ||
| Q3 25 | $26.1M | $339.5M | ||
| Q2 25 | $32.0M | $209.2M | ||
| Q1 25 | $21.3M | $127.8M | ||
| Q4 24 | $19.9M | $99.1M | ||
| Q3 24 | $18.6M | $113.9M | ||
| Q2 24 | $20.3M | $148.2M | ||
| Q1 24 | $21.9M | $232.5M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | $1.3B | $4.7B | ||
| Q4 24 | $1.3B | $4.9B | ||
| Q3 24 | $1.3B | $5.1B | ||
| Q2 24 | $1.2B | $5.3B | ||
| Q1 24 | $1.2B | $5.5B |
| Q4 25 | $-30.7M | $1.5B | ||
| Q3 25 | $-25.0M | $1.7B | ||
| Q2 25 | $-21.9M | $1.8B | ||
| Q1 25 | $-20.1M | $1.9B | ||
| Q4 24 | $-5.4M | $2.0B | ||
| Q3 24 | $-3.6M | $2.1B | ||
| Q2 24 | $-1.8M | $2.2B | ||
| Q1 24 | $279.0K | $2.2B |
| Q4 25 | $1.2B | $4.7B | ||
| Q3 25 | $1.2B | $5.4B | ||
| Q2 25 | $1.2B | $5.8B | ||
| Q1 25 | $1.3B | $6.7B | ||
| Q4 24 | $1.3B | $7.0B | ||
| Q3 24 | $1.3B | $7.3B | ||
| Q2 24 | $1.3B | $7.6B | ||
| Q1 24 | $1.3B | $7.8B |
| Q4 25 | — | 2.06× | ||
| Q3 25 | — | 2.09× | ||
| Q2 25 | — | 2.29× | ||
| Q1 25 | — | 2.42× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.44× | ||
| Q2 24 | — | 2.46× | ||
| Q1 24 | 4396.73× | 2.47× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $22.6M | $-30.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.6M | $-30.5M | ||
| Q3 25 | $1.4M | $8.8M | ||
| Q2 25 | $8.4M | $-5.8M | ||
| Q1 25 | $6.7M | $-35.8M | ||
| Q4 24 | $31.9M | $84.5M | ||
| Q3 24 | $6.3M | $39.2M | ||
| Q2 24 | $8.8M | $5.5M | ||
| Q1 24 | $6.3M | $21.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-4.6M | — | ||
| Q4 24 | $-37.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $-14.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -11.7% | — | ||
| Q4 24 | -99.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -41.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 28.6% | — | ||
| Q4 24 | 183.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 58.6% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLPR
| Residential Segment | $30.8M | 83% |
| Commercial Real Estate | $6.2M | 17% |
CMTG
| Real Estate Owned Portfolio | $34.2M | 73% |
| Other | $11.1M | 24% |
| Mixed Use Property Fixed Rents | $1.4M | 3% |
