Clipper Realty Inc. Announces Fourth Quarter 2023 Results
Highlights for the Three Months Ended December 31, 2023
- Highlights for the Three Months Ended December 31, 2023
“The fourth quarter of 2023 for the Company has continued to produce solid results after recent record-breaking quarters, with AFFO continuing to increase. - Commercial income decreased $0.3 million, or 3.0%, in the fourth quarter of 2023 due to a small number of commercial leases that expired during 2023.
- The increase was primarily due to the permanent financing on the Pacific House loan entered in 2023 and draws made on Dean Street development in the fourth quarter of 2023.
- The Company will host a conference call on March 14, 2024, at 5:00 PM Eastern Time to discuss the fourth quarter 2023 results and provide a business update.