Financial Snapshot

Revenue
$145.6M
TTM
Gross Margin
34.32%
TTM
Net Earnings
-$6.902M
TTM
Current Assets
$24.94M
Q3 2024
Current Liabilities
$30.81M
Q3 2024
Current Ratio
80.94%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
-$9.463M
Q3 2024
Cash
Q3 2024
P/E
-13.00
Nov 13, 2024 EST
Free Cash Flow
-$38.97M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $138.2M $129.7M $122.7M $122.9M $116.2M $110.0M $104.0M $93.01M $84.60M $47.80M $41.50M
YoY Change 6.52% 5.72% -0.1% 5.75% 5.61% 5.82% 11.77% 9.93% 77.0% 15.18%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue $138.2M $129.7M $122.7M $122.9M $116.2M $110.0M $104.0M $93.01M $84.60M $47.80M $41.50M
Cost Of Revenue $105.0M $102.1M $95.84M $91.55M $82.67M $77.54M $74.45M $67.21M $56.10M $26.20M $24.10M
Gross Profit $33.17M $27.64M $26.89M $31.30M $33.50M $32.46M $29.50M $25.80M $28.50M $21.50M $17.40M
Gross Profit Margin 24.0% 21.3% 21.91% 25.48% 28.83% 29.51% 28.38% 27.74% 33.69% 44.98% 41.93%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Selling, General & Admin $13.17M $12.56M $10.27M $9.000M $9.200M $9.900M $9.900M $8.400M $5.300M $2.400M $1.800M
YoY Change 4.82% 22.32% 14.12% -2.17% -7.07% 0.0% 17.86% 58.49% 120.83% 33.33%
% of Gross Profit 39.7% 45.46% 38.19% 28.75% 27.47% 30.5% 33.55% 32.56% 18.59% 11.16% 10.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.83M $26.78M $25.54M $23.15M $18.96M $16.77M $15.54M $13.50M $11.66M $4.740M $4.410M
YoY Change 7.64% 4.87% 10.32% 22.11% 13.07% 7.88% 15.09% 15.78% 146.03% 7.48%
% of Gross Profit 86.9% 96.9% 94.96% 73.95% 56.59% 51.65% 52.67% 52.34% 40.91% 22.05% 25.34%
Operating Expenses $42.11M $39.55M $36.03M $32.70M $28.80M $27.80M $26.60M $23.70M $17.80M $6.900M $6.000M
YoY Change 6.47% 9.76% 10.19% 13.54% 3.6% 4.51% 12.24% 33.15% 157.97% 15.0%
Operating Profit $33.17M $27.64M $24.16M $32.14M $33.50M $32.46M $29.50M $25.80M $28.50M $14.60M $11.40M
YoY Change 20.02% 14.38% -24.83% -4.04% 3.2% 10.01% 14.37% -9.49% 95.23% 28.07%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Interest Expense $44.87M $40.21M $41.28M $40.23M $35.19M $32.78M $35.51M $38.14M $36.70M -$9.100M -$7.900M
YoY Change 11.59% -2.61% 2.63% 14.33% 7.34% -7.67% -6.9% 3.9% -503.33% 15.19%
% of Operating Profit 135.26% 145.49% 170.87% 125.16% 105.05% 101.0% 120.34% 147.83% 128.77% -62.33% -69.3%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Pretax Income -$15.57M -$12.57M -$20.02M -$12.20M -$4.100M -$9.000M -$6.000M -$12.30M -$8.200M $5.200M $3.400M
YoY Change 23.82% -37.2% 64.08% 197.56% -54.44% 50.0% -51.22% 50.0% -257.69% 52.94%
Income Tax $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$15.57M -$12.57M -$20.02M -$12.23M -$4.123M -$9.001M -$6.001M -$12.34M -$8.200M $5.200M $3.400M
YoY Change 23.82% -37.2% 63.69% 196.6% -54.19% 49.99% -51.37% 50.48% -257.69% 52.94%
Net Earnings / Revenue -11.26% -9.69% -16.31% -9.95% -3.55% -8.18% -5.77% -13.27% -9.69% 10.88% 8.19%
Basic Earnings Per Share -$0.45 -$0.36 -$0.51
Diluted Earnings Per Share -$0.45 -$0.36 -$472.3K -$278.4K -$95.51K -$202.2K -$141.2K -$324.6K -$277.2K $282.6K $184.8K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Cash & Short-Term Investments $22.16M $18.15M $34.52M $72.10M $42.50M $37.00M $7.900M $37.50M $125.3M $9.200M
YoY Change 22.1% -47.42% -52.12% 69.65% 14.86% 368.35% -78.93% -70.07% 1261.96%
Cash & Equivalents $22.16M $18.15M $34.52M $72.10M $42.50M $37.00M $7.900M $37.50M $125.3M $9.200M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.181M $5.005M $10.26M $7.000M $4.200M $3.600M $6.600M $4.500M $1.500M $4.100M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $27.34M $23.16M $44.78M $79.10M $46.70M $40.60M $14.50M $42.00M $126.8M $13.30M
YoY Change 18.08% -48.29% -43.38% 69.38% 15.02% 180.0% -65.48% -66.88% 853.38%
Property, Plant & Equipment $1.189B $1.171B $1.146B $1.091B $1.081B $1.026B $996.9M $823.1M $726.1M $728.7M
YoY Change 1.49% 2.21% 5.07% 0.93% 5.34% 2.89% 21.12% 13.36% -0.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $26.74M $27.89M $34.88M $29.60M $30.70M $25.60M $28.70M $25.70M $21.10M $16.90M
YoY Change -4.14% -20.03% 17.84% -3.58% 19.92% -10.8% 11.67% 21.8% 24.85%
Total Long-Term Assets $1.222B $1.206B $1.189B $1.129B $1.120B $1.060B $1.038B $863.2M $754.3M $753.6M
YoY Change 1.29% 1.48% 5.32% 0.83% 5.57% 2.2% 20.2% 14.44% 0.09%
Total Assets $1.249B $1.230B $1.234B $1.208B $1.166B $1.101B $1.052B $905.2M $881.1M $766.9M
YoY Change
Accounts Payable $20.99M $17.09M $19.56M $11.70M $13.00M $12.60M $8.600M $9.000M $5.300M $4.900M
YoY Change 22.82% -12.6% 67.16% -10.0% 3.17% 46.51% -4.44% 69.81% 8.16%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $29.76M $25.03M $26.67M $18.70M $20.60M $19.20M $14.60M $15.20M $10.90M $10.40M
YoY Change 18.87% -6.13% 42.61% -9.22% 7.29% 31.51% -3.95% 39.45% 4.81%
Long-Term Debt $1.206B $1.162B $1.131B $1.080B $997.9M $913.6M $843.9M $754.5M $713.4M $708.2M
YoY Change 3.79% 2.69% 4.78% 8.18% 9.23% 8.26% 11.85% 5.76% 0.73%
Other Long-Term Liabilities $6.712M $5.830M $5.886M $5.600M $5.900M $6.800M $7.900M $9.300M $10.40M $11.00M
YoY Change 15.13% -0.95% 5.11% -5.08% -13.24% -13.92% -15.05% -10.58% -5.45%
Total Long-Term Liabilities $1.212B $1.167B $1.137B $1.085B $1.004B $920.4M $851.8M $763.8M $723.8M $719.2M
YoY Change 3.85% 2.67% 4.79% 8.1% 9.06% 8.05% 11.52% 5.53% 0.64%
Total Liabilities $1.247B $1.216B $1.207B $1.168B $1.109B $1.036B $977.2M $867.0M $836.8M $729.7M
YoY Change 2.55% 0.7% 3.32% 5.36% 7.07% 6.0% 12.71% 3.61% 14.68%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Basic Shares Outstanding 16.06M 16.06K 16.06K
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $89.711 Million

About Clipper Realty Inc

Clipper Realty, Inc. engages in the acquisition, owning, managing, operating, and repositioning of real estate properties. The company is headquartered in Brooklyn, New York and currently employs 148 full-time employees. The company went IPO on 2015-11-04. The firm acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. The firm operates through two segments: Residential Rental Properties and Commercial Rental Properties. The Commercial Rental Properties segment includes the 141 Livingston Street property and portions of the 250 Livingston Street, Tribeca House, Dean Street and Aspen properties. The Residential Rental Properties segment includes the Flatbush Gardens property, the Clover House property, the 10 West 65th Street property, the 1010 Pacific Street property and portions of the 250 Livingston Street, Tribeca House, Dean Street and Aspen properties. The firm consists of nine properties totaling approximately 3.4 million rentable square feet.

Industry: Real Estate Investment Trusts Peers: AvalonBay Communities Inc Bluerock Residential Growth REIT, Inc. BRT Apartments Corp