# Clipper Realty Inc.: overview

CLPR · NYSE · CIK 1649096 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/clpr.md) · [Financials](/companies/clpr/financials.md) · [Filings](/companies/clpr/filings.md) · [Insiders](/companies/clpr/insiders.md)

Latest reported revenue: [$38.6m](/filings/0001437749-26-026249.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, accession 0001437749-26-026249).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [37.6](/filings/0001437749-25-034911.md) | [38.0 d](/filings/0001437749-26-005856.md) | [39.4](/filings/0001437749-26-017036.md) | [39.0](/filings/0001437749-26-026249.md) | [37.7](/filings/0001437749-25-034911.md) | [37.1 d](/filings/0001437749-26-005856.md) | [38.1](/filings/0001437749-26-017036.md) | [38.6](/filings/0001437749-26-026249.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [28.6%](/filings/0001437749-25-034911.md) | [28.1% d](/filings/0001437749-26-005856.md) | [(59.9%)](/filings/0001437749-26-017036.md) | [27.7%](/filings/0001437749-26-026249.md) | [23.6%](/filings/0001437749-25-034911.md) | [21.8% d](/filings/0001437749-26-005856.md) | [11.5%](/filings/0001437749-26-017036.md) | [24.3%](/filings/0001437749-26-026249.md) |
| Net margin | % | [(2.9%)](/filings/0001437749-25-034911.md) | [(2.9%) d](/filings/0001437749-26-005856.md) | [(89.1%)](/filings/0001437749-26-026249.md) | [(3.5%)](/filings/0001437749-26-026249.md) | [(12.2%)](/filings/0001437749-25-034911.md) | [(30.4%) d](/filings/0001437749-26-005856.md) | [(29.2%)](/filings/0001437749-26-026249.md) | [(16.2%)](/filings/0001437749-26-026249.md) |
| Diluted EPS | $ per share | not reported | not reported | [(0.86)](/filings/0001437749-26-017036.md) | [(0.07)](/filings/0001437749-26-026249.md) | not reported | not reported | [(0.30)](/filings/0001437749-26-017036.md) | not reported |
| Free cash flow | $m | not reported | not reported | [(4.6)](/filings/0001437749-26-017036.md) | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [123](/filings/0001437749-23-006886.md) | [130](/filings/0001437749-24-007842.md) | [138](/filings/0001437749-25-003988.md) | [149](/filings/0001437749-26-005856.md) | [153](/filings/0001437749-26-005856.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [19.7%](/filings/0001437749-23-006886.md) | [21.3%](/filings/0001437749-24-007842.md) | [24.0%](/filings/0001437749-25-003988.md) | [27.2%](/filings/0001437749-26-005856.md) | [2.7%](/filings/0001437749-26-005856.md) |
| Net margin | % | [(16.3%)](/filings/0001437749-23-006886.md) | [(9.7%)](/filings/0001437749-24-007842.md) | [(11.3%)](/filings/0001437749-25-003988.md) | [(4.4%)](/filings/0001437749-26-005856.md) | [(34.2%)](/filings/0001437749-26-005856.md) |
| Diluted EPS | $ per share | [(0.51)](/filings/0001437749-22-006301.md) | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [(70.0)](/filings/0001437749-23-006886.md) | [(32.0)](/filings/0001437749-24-007842.md) | [(20.1)](/filings/0001437749-25-003988.md) | [(37.9)](/filings/0001437749-26-005856.md) | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/clpr/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.2m | 449,284 |  | Reduced −95,608 |
| [AMERICAN FINANCIAL GROUP INC](/funds/1042046.md) | 2026-06-30 | $1.0m | 372,044 |  | Unchanged |
| [Amtrust Financial Services, Inc.](/funds/1365555.md) | 2026-06-30 | $630.9k | 231,949 |  | Unchanged |
| [State of New Jersey Common Pension Fund D](/funds/1483066.md) | 2026-06-30 | $557.6k | 204,993 |  | Unchanged |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $514.3k | 189,066 |  | Reduced −442 |
| [RBF Capital, LLC](/funds/1134621.md) | 2026-06-30 | $496.3k | 182,475 |  | New +182,475 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $486.3k | 178,800 | Call | Reduced −38,800 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $450.3k | 165,508 |  | Reduced −223,262 |
| [Connor, Clark & Lunn Investment Management Ltd.](/funds/1596800.md) | 2026-06-30 | $412.4k | 151,636 |  | Added +6,447 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $389.8k | 143,297 |  | Reduced −1,725 |

## Recent filings

[All 360 filings](/companies/clpr/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-02 | 18:28 ET | [SCHEDULE 13D/A](/filings/0001539497-26-002632.md) | Ownership report, active investor, amended | 0001539497-26-002632 |
| 2026-08-14 | 21:49 ET | [SCHEDULE 13D/A](/filings/0001539497-26-002269.md) | Ownership report, active investor, amended | 0001539497-26-002269 |
| 2026-08-06 | 20:04 ET | [8-K](/filings/0001437749-26-026253.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-026253 |
| 2026-08-06 | 20:02 ET | [10-Q](/filings/0001437749-26-026249.md) | Quarterly report, period 2026-06-30 | 0001437749-26-026249 |
| 2026-07-02 | 20:01 ET | [8-K](/filings/0001437749-26-022495.md) | 8.01 Other events | 0001437749-26-022495 |
| 2026-06-18 | 20:42 ET | [8-K](/filings/0001437749-26-021171.md) | 5.07 Shareholder vote results | 0001437749-26-021171 |
| 2026-05-14 | 20:03 ET | [8-K](/filings/0001437749-26-017039.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001437749-26-017039 |
| 2026-05-14 | 20:02 ET | [10-Q](/filings/0001437749-26-017036.md) | Quarterly report, period 2026-03-31 | 0001437749-26-017036 |
| 2026-04-30 | 13:00 ET | [DEF 14A](/filings/0001437749-26-014021.md) | Proxy statement, period 2026-06-17 | 0001437749-26-014021 |
| 2026-03-31 | 20:10 ET | [8-K](/filings/0001437749-26-010641.md) | 8.01 Other events | 0001437749-26-010641 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001437749-26-005856.md), filed Feb 26, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/5fc9e306-38d2-4299-9757-affdbc90ba23)

## About the filer

- CIK: 1649096
- Tickers: CLPR
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:45 ET. No prices; not investment advice.
