Clipper Realty Inc
NYSE:CLPR
Income Statement
Earnings Waterfall
Clipper Realty Inc
Income Statement
Clipper Realty Inc
| Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
27
|
37
|
38
|
38
|
38
|
37
|
36
|
36
|
35
|
34
|
34
|
33
|
33
|
33
|
33
|
35
|
37
|
38
|
40
|
40
|
41
|
41
|
41
|
41
|
41
|
41
|
40
|
40
|
40
|
42
|
43
|
45
|
46
|
47
|
47
|
47
|
47
|
47
|
48
|
|
| Revenue |
65
N/A
|
87
+34%
|
90
+4%
|
93
+4%
|
97
+4%
|
100
+3%
|
101
+1%
|
104
+3%
|
106
+2%
|
108
+2%
|
109
+2%
|
110
+1%
|
111
+1%
|
112
+1%
|
113
+1%
|
116
+2%
|
120
+3%
|
123
+2%
|
123
+0%
|
123
0%
|
122
-1%
|
122
0%
|
122
+0%
|
123
+0%
|
124
+1%
|
125
+1%
|
128
+2%
|
130
+2%
|
131
+1%
|
134
+2%
|
136
+2%
|
138
+1%
|
140
+2%
|
179
+27%
|
181
+1%
|
149
-18%
|
188
+26%
|
154
-18%
|
154
+0%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(18)
|
(25)
|
(24)
|
(43)
|
(26)
|
(26)
|
(27)
|
(48)
|
(38)
|
(44)
|
(50)
|
(50)
|
(50)
|
(51)
|
(52)
|
(54)
|
(55)
|
(56)
|
(57)
|
(58)
|
(60)
|
(61)
|
(60)
|
(59)
|
(59)
|
(59)
|
(60)
|
(62)
|
(63)
|
(64)
|
(63)
|
(63)
|
(62)
|
(78)
|
(79)
|
(64)
|
(82)
|
(67)
|
(68)
|
|
| Gross Profit |
46
N/A
|
62
+35%
|
65
+5%
|
50
-24%
|
71
+42%
|
73
+4%
|
74
+1%
|
56
-24%
|
67
+20%
|
64
-5%
|
60
-7%
|
60
+1%
|
61
+0%
|
61
+1%
|
61
+0%
|
62
+2%
|
65
+5%
|
67
+2%
|
66
-1%
|
65
-2%
|
62
-4%
|
61
-2%
|
62
+2%
|
63
+2%
|
65
+3%
|
66
+2%
|
67
+2%
|
68
+1%
|
68
+1%
|
70
+3%
|
73
+4%
|
76
+4%
|
79
+4%
|
100
+28%
|
102
+2%
|
85
-17%
|
107
+26%
|
88
-18%
|
87
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(27)
|
(37)
|
(39)
|
(24)
|
(43)
|
(45)
|
(46)
|
(27)
|
(39)
|
(34)
|
(28)
|
(28)
|
(26)
|
(27)
|
(27)
|
(29)
|
(30)
|
(31)
|
(33)
|
(33)
|
(33)
|
(34)
|
(35)
|
(36)
|
(37)
|
(38)
|
(39)
|
(40)
|
(40)
|
(41)
|
(42)
|
(42)
|
(43)
|
(54)
|
(54)
|
(44)
|
(56)
|
(45)
|
(46)
|
|
| Selling, General & Administrative |
(17)
|
(24)
|
(25)
|
(8)
|
(27)
|
(28)
|
(29)
|
(10)
|
(21)
|
(16)
|
(10)
|
(10)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(9)
|
(10)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(17)
|
(17)
|
(14)
|
(18)
|
(15)
|
(15)
|
|
| Depreciation & Amortization |
(10)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(23)
|
(24)
|
(24)
|
(25)
|
(25)
|
(26)
|
(26)
|
(27)
|
(27)
|
(27)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(37)
|
(37)
|
(30)
|
(38)
|
(30)
|
(31)
|
|
| Operating Income |
19
N/A
|
26
+34%
|
26
+3%
|
26
-1%
|
27
+5%
|
28
+3%
|
28
+0%
|
30
+5%
|
29
-3%
|
30
+3%
|
31
+6%
|
33
+4%
|
34
+5%
|
35
+1%
|
34
-2%
|
34
-2%
|
35
+5%
|
35
+1%
|
33
-6%
|
32
-4%
|
29
-11%
|
26
-7%
|
27
+2%
|
27
+1%
|
28
+3%
|
28
+1%
|
28
+1%
|
28
-1%
|
28
0%
|
29
+4%
|
31
+7%
|
34
+7%
|
36
+6%
|
46
+30%
|
48
+3%
|
41
-15%
|
51
+25%
|
43
-16%
|
41
-4%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(27)
|
(37)
|
(38)
|
(38)
|
(38)
|
(37)
|
(36)
|
(36)
|
(35)
|
(34)
|
(34)
|
(33)
|
(33)
|
(33)
|
(33)
|
(35)
|
(37)
|
(38)
|
(40)
|
(40)
|
(41)
|
(41)
|
(41)
|
(41)
|
(41)
|
(41)
|
(40)
|
(40)
|
(40)
|
(42)
|
(43)
|
(45)
|
(46)
|
(59)
|
(59)
|
(47)
|
(59)
|
(47)
|
(48)
|
|
| Non-Reccuring Items |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(7)
|
(7)
|
(7)
|
(9)
|
(2)
|
(4)
|
(4)
|
(2)
|
(3)
|
(5)
|
(5)
|
(4)
|
(7)
|
(2)
|
(3)
|
(6)
|
(3)
|
(4)
|
(4)
|
(1)
|
(4)
|
(4)
|
(4)
|
(4)
|
(0)
|
0
|
0
|
(0)
|
(34)
|
(34)
|
(34)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
|
| Pre-Tax Income |
(8)
N/A
|
(12)
-42%
|
(12)
+1%
|
(12)
-4%
|
(10)
+15%
|
(9)
+18%
|
(8)
+11%
|
(6)
+21%
|
(14)
-128%
|
(12)
+14%
|
(9)
+24%
|
(9)
-1%
|
(0)
+98%
|
(2)
-1 050%
|
(3)
-89%
|
(4)
-35%
|
(4)
-7%
|
(8)
-92%
|
(11)
-32%
|
(12)
-10%
|
(19)
-56%
|
(17)
+10%
|
(18)
-3%
|
(20)
-14%
|
(16)
+18%
|
(16)
+2%
|
(15)
+4%
|
(13)
+18%
|
(16)
-28%
|
(17)
-2%
|
(16)
+3%
|
(16)
+3%
|
(11)
+28%
|
(12)
-10%
|
(11)
+10%
|
(7)
+40%
|
(42)
-533%
|
(39)
+7%
|
(42)
-9%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Income from Continuing Operations |
(8)
|
(12)
|
(12)
|
(12)
|
(10)
|
(9)
|
(8)
|
(6)
|
(14)
|
(12)
|
(9)
|
(9)
|
(0)
|
(2)
|
(3)
|
(4)
|
(4)
|
(8)
|
(11)
|
(12)
|
(19)
|
(17)
|
(18)
|
(20)
|
(16)
|
(16)
|
(15)
|
(13)
|
(16)
|
(17)
|
(16)
|
(16)
|
(11)
|
(12)
|
(11)
|
(7)
|
(42)
|
(39)
|
(42)
|
|
| Income to Minority Interest |
5
|
8
|
8
|
9
|
7
|
6
|
5
|
4
|
8
|
7
|
5
|
5
|
0
|
1
|
2
|
3
|
3
|
5
|
7
|
7
|
12
|
10
|
11
|
12
|
10
|
10
|
10
|
8
|
10
|
10
|
10
|
10
|
7
|
8
|
7
|
4
|
26
|
24
|
26
|
|
| Net Income (Common) |
1
N/A
|
(1)
N/A
|
(4)
-608%
|
(4)
-6%
|
(3)
+14%
|
(3)
+11%
|
(3)
+4%
|
(3)
+10%
|
(6)
-122%
|
(5)
+13%
|
(4)
+23%
|
(4)
-1%
|
(0)
+92%
|
(1)
-191%
|
(2)
-65%
|
(2)
-31%
|
(2)
-5%
|
(4)
-80%
|
(5)
-30%
|
(5)
-10%
|
(8)
-49%
|
(7)
+10%
|
(7)
-2%
|
(8)
-12%
|
(7)
+16%
|
(7)
+0%
|
(7)
+2%
|
(6)
+15%
|
(7)
-28%
|
(7)
-3%
|
(7)
+2%
|
(7)
+2%
|
(6)
+23%
|
(6)
-8%
|
(6)
+1%
|
(4)
+33%
|
(18)
-350%
|
(17)
+5%
|
(18)
-7%
|
|
| EPS (Diluted) |
0.04
N/A
|
-0.04
N/A
|
-0.21
-425%
|
-0.34
-62%
|
-0.22
+35%
|
-0.16
+27%
|
-0.16
N/A
|
-0.15
+6%
|
-0.33
-120%
|
-0.29
+12%
|
-0.23
+21%
|
-0.22
+4%
|
-0.03
+86%
|
-0.06
-100%
|
-0.09
-50%
|
-0.11
-22%
|
-0.11
N/A
|
-0.2
-82%
|
-0.26
-30%
|
-0.31
-19%
|
-0.49
-58%
|
-0.44
+10%
|
-0.46
-5%
|
-0.51
-11%
|
-0.43
+16%
|
-0.42
+2%
|
-0.41
+2%
|
-0.36
+12%
|
-0.45
-25%
|
-0.47
-4%
|
-0.46
+2%
|
-0.45
+2%
|
-0.34
+24%
|
-0.37
-9%
|
-0.37
N/A
|
-0.25
+32%
|
-1.11
-344%
|
-1.05
+5%
|
-1.12
-7%
|
|