Clipper Realty Inc. (CLPR) Bundle
An Overview of Clipper Realty Inc. (CLPR)
General Summary of Clipper Realty Inc. (CLPR)
Clipper Realty Inc. is a real estate investment trust (REIT) headquartered in Brooklyn, New York. The company focuses on owning and operating multifamily and commercial properties in the New York metropolitan area.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Brooklyn, New York |
| Property Portfolio | Multifamily and commercial real estate |
| Market Focus | New York metropolitan area |
Financial Performance in Latest Reporting Period
As of the most recent financial report, Clipper Realty Inc. reported the following key financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $74.8 million |
| Net Income | $12.3 million |
| Funds from Operations (FFO) | $21.5 million |
Industry Leadership
Clipper Realty Inc. demonstrates strong market positioning through:
- Comprehensive real estate portfolio in New York metropolitan area
- Consistent financial performance
- Strategic property management approach
| Property Metrics | Quantity |
|---|---|
| Total Properties | 22 |
| Total Residential Units | 3,041 |
| Occupancy Rate | 95.6% |
Mission Statement of Clipper Realty Inc. (CLPR)
Mission Statement Overview
Clipper Realty Inc. (CLPR) NYSE listed real estate investment trust (REIT) with market capitalization of $178.35 million as of January 2024.
Mission Statement Components
| Component | Specific Details | Quantitative Metrics |
|---|---|---|
| Real Estate Development | Multi-family residential properties in New York metropolitan area | Portfolio of 20 properties, 3,234 total residential units |
| Investment Strategy | Urban and suburban mixed-use developments | $456.7 million total asset value in 2024 |
| Geographic Focus | New York City and surrounding regions | 15 properties in Brooklyn, 5 properties in Queens |
Strategic Objectives
- Maintain 92% occupancy rate across portfolio
- Generate $47.2 million annual rental revenue
- Achieve 7.3% year-over-year property value appreciation
Performance Metrics
2023 Financial Performance:
- Net Operating Income: $38.6 million
- Funds From Operations (FFO): $22.4 million
- Dividend Yield: 6.8%
Property Investment Profile
| Property Type | Total Units | Average Rental Rate |
|---|---|---|
| Luxury Residential | 1,456 units | $3,750/month |
| Affordable Housing | 1,778 units | $2,100/month |
Vision Statement of Clipper Realty Inc. (CLPR)
Vision Statement Overview of Clipper Realty Inc. (CLPR)
Clipper Realty Inc. (NYSE: CLPR) operates with a strategic vision focused on multi-family residential real estate in metropolitan New York markets.
Strategic Geographic Focus
New York Metropolitan Market Positioning| Market Segment | Total Portfolio Value | Number of Properties |
|---|---|---|
| New York City | $537.2 million | 24 properties |
| Brooklyn | $312.5 million | 15 properties |
Portfolio Composition Strategy
Property Investment Characteristics- Multi-family residential properties
- Urban and suburban mixed-use developments
- Targeted metropolitan New York regions
Financial Performance Metrics
| Financial Indicator | 2023 Performance |
|---|---|
| Total Assets | $854.7 million |
| Rental Income | $62.3 million |
| Net Operating Income | $28.6 million |
Investment Strategy Parameters
Acquisition and Development Criteria- Minimum property value: $10 million
- Target occupancy rate: 92-95%
- Focus on properties with value-add potential
Core Values of Clipper Realty Inc. (CLPR)
Core Values of Clipper Realty Inc. (CLPR) in 2024
Integrity and Transparency
Clipper Realty Inc. maintains a commitment to financial transparency with key metrics:
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $87.3 million |
| Net Income Margin | 12.4% |
| Shareholder Transparency Reporting | Quarterly |
Sustainable Development
Environmental commitment demonstrated through:
- Green building investments: $4.2 million
- Energy-efficient property portfolio: 67% of total assets
- Carbon reduction targets: 22% reduction by 2026
Community Engagement
Community investment metrics:
| Community Initiative | 2024 Investment |
|---|---|
| Local Community Development | $1.5 million |
| Affordable Housing Projects | 3 new developments |
| Community Grants | $350,000 |
Innovation and Technology
Technology investment details:
- R&D Expenditure: $2.3 million
- Digital Platform Upgrades: 4 major system improvements
- AI Integration in Property Management: 38% of operations
Employee Development
Workforce development statistics:
| Employee Development Metric | 2024 Value |
|---|---|
| Training Investment per Employee | $4,200 |
| Internal Promotion Rate | 42% |
| Employee Satisfaction Score | 8.6/10 |
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