Clipper Realty Inc. (CLPR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
4611 12TH AVENUE, SUITE 1L BROOKLYN, NY 11219 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 22,163 | 18,152 | 34,524 | 72,058 | 42,500 | 37,028 | |||
| Cash and cash equivalents | 22,163 | 18,152 | 34,524 | 72,058 | 42,500 | 37,028 | |||
| Total current assets: | 22,163 | 18,152 | 34,524 | 72,058 | 42,500 | 37,028 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 571,988 | 540,859 | 540,859 | 540,859 | 540,859 | 497,343 | |||
| Intangible assets, net (including goodwill) | 428 | 428 | 428 | 428 | 1,303 | 8,558 | |||
| Intangible assets, net (excluding goodwill) | 428 | 428 | 428 | 428 | 1,303 | 8,558 | |||
| Total noncurrent assets: | 572,416 | 541,287 | 541,287 | 541,287 | 542,162 | 505,901 | |||
| Other undisclosed assets | 654,751 | 670,192 | 657,846 | 594,521 | 581,545 | 558,079 | |||
| TOTAL ASSETS: | 1,249,330 | 1,229,631 | 1,233,657 | 1,207,866 | 1,166,207 | 1,101,008 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 18 | 53 | 157 | 1,625 | 2,923 | ||||
| Off-market lease, unfavorable | 18 | 53 | 157 | 1,625 | 2,923 | ||||
| Total noncurrent liabilities: | 18 | 53 | 157 | 1,625 | 2,923 | ||||
| Other undisclosed liabilities | 1,242,095 | 1,192,434 | 1,163,655 | 1,103,595 | 1,022,799 | 936,600 | |||
| Total liabilities: | 1,242,095 | 1,192,452 | 1,163,708 | 1,103,752 | 1,024,424 | 939,523 | |||
| Equity | |||||||||
| Equity, attributable to parent | 2,744 | 14,094 | 26,513 | 39,462 | 57,234 | 65,182 | |||
| Common stock | 160 | 160 | 160 | 160 | 178 | 178 | |||
| Additional paid in capital | 89,483 | 88,829 | 88,089 | 87,347 | 93,431 | 92,945 | |||
| Accumulated deficit | (86,899) | (74,895) | (61,736) | (48,045) | (36,375) | (27,941) | |||
| Equity, attributable to noncontrolling interest | 4,491 | 23,085 | 43,436 | 64,652 | 84,549 | 96,303 | |||
| Total equity: | 7,235 | 37,179 | 69,949 | 104,114 | 141,783 | 161,485 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,249,330 | 1,229,631 | 1,233,657 | 1,207,866 | 1,166,207 | 1,101,008 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 138,205 | 129,746 | 122,729 | 122,850 | 116,165 | 109,997 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 100,873 | |
| Cost of revenue | (105,035) | (102,110) | (95,838) | (91,546) | (82,669) | (77,539) | ||
| Gross profit: | 33,170 | 27,636 | 26,891 | 31,304 | 33,496 | 32,458 | ||
| Operating expenses | (42,108) | (39,737) | (39,062) | (32,520) | (28,816) | (27,979) | ||
| Other undisclosed operating income | 42,108 | 39,737 | 36,332 | 33,358 | 28,816 | 27,979 | ||
| Operating income: | 33,170 | 27,636 | 24,161 | 32,142 | 33,496 | 32,458 | ||
| Interest and debt expense | (48,735) | (40,207) | (44,318) | (44,456) | (37,619) | (41,653) | ||
| Income (loss) from continuing operations: | (15,565) | (12,571) | (20,157) | (12,314) | (4,123) | (9,195) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (20,157) | (12,314) | (4,123) | (9,195) | |
| Other undisclosed net income (loss) | 139 | 85 | 194 | |||||
| Net loss: | (15,565) | (12,571) | (20,018) | (12,229) | (4,123) | (9,001) | ||
| Net income attributable to noncontrolling interest | 9,665 | 7,807 | 12,431 | 7,323 | 2,458 | 5,368 | ||
| Net loss attributable to parent: | (5,900) | (4,764) | (7,587) | (4,906) | (1,665) | (3,633) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 319 | |||||||
| Other undisclosed net loss available to common stockholders, basic | (319) | |||||||
| Net loss available to common stockholders, diluted: | (5,900) | (4,764) | (7,587) | (4,906) | (1,665) | (3,633) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (15,565) | (12,571) | (20,018) | (12,229) | (4,123) | (9,001) | ||
| Comprehensive loss: | (15,565) | (12,571) | (20,018) | (12,229) | (4,123) | (9,001) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 9,665 | 7,807 | 12,431 | 7,323 | 2,458 | 5,368 | ||
| Comprehensive loss, net of tax, attributable to parent: | (5,900) | (4,764) | (7,587) | (4,906) | (1,665) | (3,633) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.