Short answer
Clipper Realty Inc. (CLPR) filed its Q1 2026 10-Q quarterly report on May 14, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $38M (down 3.3% year over year) with net income of −$4M.
Q1 2026 key financials · XBRL
- Revenue
- $38M
- −3.3% YoY
- Net income
- −$4M
- +68.2% YoY
- Operating margin
- 11.5%
- EPS (diluted)
- −$0.30
- +65.1% YoY
Source: XBRL data from the Clipper Realty Inc. (CLPR) Q1 2026 10-Q on SEC EDGAR. USD.
Clipper Realty Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- Newly added legal risk: Citi complaint filed March 25, 2026 seeking receiver appointment and sale of 250 Livingston Street
- Most material update: Temporary receiver appointed April 29, 2026 after defaults under $125 million loan documents
- Regulatory/compliance risk: Court order requires turnover of all rents collected from 250 Livingston Street after April 29, 2026
- Operational risk: NYC vacated 342,496 square feet at 250 Livingston Street, previously paying $15.4 million annually
- Financial concentration risk: NYC commercial leases represented 11% of total revenue in Q1 2026 versus 21% in Q1 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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