Clipper Realty Inc.
Close on Oct 19, 2026
- Market cap
- $49.61M
- P/E (TTM)
- –
- Dividend yield
- –
About Clipper Realty
Real Estate Investment Trusts, SIC 6798
Clipper Realty Inc. is a self-administered and self-managed real estate investment trust that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties. The company operates through two main business segments: residential rental properties and commercial rental properties. Its primary source of revenue comes from apartment leases, with additional rental income generated from commercial office space and retail tenants. Its customer base includes individual residential tenants, retail businesses, and municipal government entities such as agencies of the City of New York.
The company's real estate portfolio is situated in the New York metropolitan area, specifically located within Manhattan and Brooklyn. Its holdings include several multifamily residential complexes and apartment buildings, along with commercial office and retail spaces across these boroughs. The company's principal executive offices are located in Brooklyn, New York.
Summary of the business section of Clipper Realty's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Clipper Realty Inc.
- Founded
- 2015
- Headquarters
- Brooklyn, NY
- Address
- 4611 12th Avenue, Suite 1l 11219
- Phone
- (718) 438-2804
- Website
- clipperrealty.com
- Employees
- 161, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- PKF OConnor Davies, LLP, New York, New York
Stock & identifiers
- Ticker
- CLPR
- Exchange
- NYSE
- IPO date
- Feb 13, 2017
- Shares outstanding
- 16M, Aug 6, 2026
- Public float
- $46.68M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- SEC CIK
- 1649096
- CUSIP
- 18885T306
- ISIN
- US18885T3068
- EIN
- 47-4579660
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| David Bistricer | Co-Chairman and CEO, Director | 5,202,360 |
| Jacob Bistricer | Chief Operating Officer | 136,500 |
| Jacob Schwimmer | Chief Property Mgmt Officer | 1,785,667 |
| Lawrence E. Kreider | Chief Financial Officer | – |
| Sam Levinson | Director | 6,648,240 |
| Roberto Angelo Verrone | Director | 26,999 |
| Richard N. Burger | Director | – |
| Howard M. Lorber | Director | 25,369 |
| Robert Jay Ivanhoe | Director | – |
| Harmon Spolan | Director | 1,000 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 David Bistricer | $2.05M | $1.33M | $1.43M | $78 | – |
| FY2024 David Bistricer | $3.45M | $3.28M | $3.62M | $83 | – |
| FY2023 David Bistricer | $2.03M | $1.90M | $1.41M | $90 | – |
| FY2022 | $2.10M | $951.47K | $4.39M | $102 | – |
| FY2021 | $1.57M | $2.13M | $937.81K | $146 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 161 employees who provide property management, maintenance, landscaping, construction management and accounting services.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 5, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Oct 4, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Feb 13, 2017 | IPO | Initial public offering priced (424B4 prospectus) |
| Feb 9, 2017 | Listing | Registration of securities on an exchange (Form 8-A) |