Clipper Realty Inc. (CLPR) Q3 2024 Earnings Call Transcript Summary
Clipper Realty Inc. (CLPR) Q3 2024 Earnings Call Transcript Summary
Adjusted Funds From Operations (AFFO) rose to $7.8 million, marking a 24% increase compared to the previous year.The following is a summary of the Clipper Realty Inc. (CLPR) Q3 2024 Earnings Call Transcript:
以下是clipper realty (CLPR) 2024年第三季度業績會議呼叫成績單摘要:
Financial Performance:
金融業績：
Clipper Realty reported a record quarterly revenue of $37.6 million, an increase of 7.1% from the previous year.
Net Operating Income (NOI) increased to $21.8 million, up 9% from the previous year.
Adjusted Funds From Operations (AFFO) rose to $7.8 million, marking a 24% increase compared to the previous year.
clipper realty報告第三季度營業收入創紀錄，爲3760萬美元，比去年同期增長7.1%。
淨營業收入(NOI)增至2180萬美元，比去年同期增長9%。
調整後基金營運活動(簡稱AFFO)升至780萬美元，較去年同期增長24%。
Business Progress:
業務進展：
New leases exceeded prior rents by over 9.5% across the market-based portfolio influenced strongly by properties in Manhattan and Brooklyn.
The Pacific House property achieved a 100% lease rate and is performing with a 7% cap rate.
Construction on the Dean Street development is advancing ahead of schedule, with completion expected in time for the 2025 leasing season.
新租賃合同將市場租賃組合中的租金提高了超過9.5%，其中曼哈頓和布魯克林的物業受到極大影響。
太平洋別墅物業實現100%的租賃率，且表現出7%的收益率。
Dean Street開發的施工進展超前於計劃，預計將在2025年租賃季節完成。
Opportunities:
機會：
Strong rental demand at all properties with rents at all-time highs and a continued increase.
Pursuing opportunities through property recycling to maximize performance and improve cash flows.
所有物業的租金需求強勁，租金達到歷史最高水平，並持續增長。
通過房地產再循環追求機會，以最大化業績並改善現金流。
Risks:
風險：
Potential losses from marketing certain properties could affect book values, although this is aimed at achieving better overall returns.
High interest rates pose challenges but are somewhat mitigated by long term, fixed-rate, nonrecourse debt on their properties.
可能由於營銷某些物業而造成潛在損失，儘管這旨在實現更好的整體回報。
高利率帶來挑戰，但在物業上採用長期、固定利率、不追索債務在一定程度上得到緩解。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。