Clipper Realty Inc. (CLPR) company profile
Close on Nov 13, 2026Market cap $54.77MP/E –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
- FIGI
- BBG00FY0CZQ9
- Share class FIGI
- BBG00FY0CZR8
- 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 | 4,526,991 |
| 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 | 9,767,392 |
| 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 | $2.05M | $1.33M | $1.43M | $78 | – |
| FY2024 | $3.45M | $3.28M | $3.62M | $83 | – |
| FY2023 | $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.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| David Bistricer Chief Executive Officer | $630.00K | $835.00K | – | $582.37K | $2.05M | -41% |
| J.J. Bistricer Chief Operating Officer | $425.00K | $250.00K | $307.00K | $587.46K | $1.57M | -62% |
| Jacob Schwimmer Chief Property Management Officer | $325.00K | $250.00K | $300.00K | $416.59K | $1.29M | -58% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Feb 13, 2017
- Offer price
- $13.50
- Securities offered
- 5,700,000
- Gross proceeds
- $76.95M
- Exchange
- NYSE
- First trading day
- Feb 10, 2017
- First-day close
- $13.500.0%
- Lock-up ends (est.)
- Aug 9, 2017
“Per Share Total Public offering price $ 13.50 $ 76,950,000 Underwriting discount (1)(2) $ 0.945 $ 4,441,500 Proceeds, before expenses, to us (2) $ 12.55 $ 71,129,321 Proceeds, before expenses, to the selling stockholders $ 12.55 $ 1,379,179 (1) See “Underwriting” for additional disclosure regarding the underwriting”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
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) |
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