Clipper Realty Inc. (CLPR)

6.05 +0.16 (+2.72%) At close: 04:00PM EDT

Clipper Realty Inc.

4611 12th Avenue
Suite 1L
Brooklyn, NY 11219-2514
United States
718 438 2804
https://www.clipperrealty.com

Sector(s): Real Estate
Industry: REIT - Residential
Full Time Employees: 148

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. David Bistricer	Co-Chairman & CEO	1.19M	N/A	1950
Mr. Jacob Joseph Bistricer	Chief Operating Officer	1.75M	N/A	1981
Mr. Jacob Schwimmer	Chief Property Management Officer	1.45M	N/A	1971
Mr. Lawrence E. Kreider Jr.	CFO & Secretary	420.81k	N/A	1948

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Clipper Realty Inc. (the “Company” or “we”) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a current portfolio in Manhattan and Brooklyn. Our primary focus is to own, manage and operate our portfolio and to acquire and reposition additional multifamily residential and commercial properties in the New York metropolitan area. The Company has been organized and operates in conformity with the requirements for qualification and taxation as a real estate investment trust (“REIT”) under the U.S. federal income tax law and elected to be treated as a REIT commencing with the taxable year ended December 31, 2015.

Corporate Governance

Clipper Realty Inc.’s ISS Governance QualityScore as of October 1, 2024 is 9. The pillar scores are Audit: 9; Board: 10; Shareholder Rights: 9; Compensation: 7.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.