Added to YB: 2025-04-10
Pitch date: 2025-04-02
CLPR [bullish]
Clipper Realty Inc.
-3.74%
current return
Author Info
No bio for this author
Company Info
Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.
Market Cap
$61.0M
Pitch Price
$3.52
Price Target
8.00 (+136%)
Dividend
10.05%
EV/EBITDA
17.25
P/E
-3.68
EV/Sales
8.19
Sector
Residential REITs
Category
value
5-Minute Value #2: Clipper Realty ($CLPR)
CLPR: NYC-focused REIT at 56-59% discount to NAV ($8.29-$9.11/share). 3,925 multifamily units, 2 office assets. Flatbush Gardens tax abatement deal, Tribeca House luxury property. New developments: 953 Dean St, 1010 Pacific. Office assets uncertainty. 91% fixed-rate debt, 4+ year maturity. Catalysts: Dean St stabilization, Flatbush reimbursements, NYC rent growth.
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