2024-05-29 03:18:23 ET
Summary
- Clipper Realty's stock is currently trading at an all-time low and a 10% yield with no history of dividend cuts.
- With ten properties in Manhattan and Brooklyn, it's good real estate, but refinancing at higher interest rates could squeeze the cash flow too much.
- Crucially, management is not bound by anti-competitive agreements, and their best ideas may not go to CLPR.
Since going public in 2017, Clipper Realty ( CLPR ) currently trades at an all-time low....
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For further details see:
Clipper Realty: High Yield, But You Could Be Ignored