- NYC market fundamentals are improving fast, fueled by migration flows into the area.
- The COVID-19-related capital value correction seems to be well over, as rents are soaring and vacancy rates are approaching 2%.
- Clipper Realty is well-positioned debt-wise, as no maturities are present until 2027 and the interest-only periods create room in their otherwise leveraged balance sheet.
- Coupled with a 4.2% forward dividend yield and trading well below NAV, the company's shares still represent a nice investment opportunity in today's volatile market.
For further details see:
Why I Continue To Be Long In Clipper Realty