Clipper Realty: Trading At 30-70% Of NAV, Yields 4% And Insiders Own 40%

EG Capital
808 Followers

Summary

  • Clipper Realty is a NYC multi-family REIT trading at a conservative 30-70% of NAV.
  • CLPR's properties are 95% leased and rents are still rising.
  • As you wait for the discount to close, you can snack on a 4% yield.
  • Management is aligned and own 40% of the stock.

Aerial panorama of Lower Manhattan skyline at sunset

Ultima_Gaina/iStock via Getty Images

Investment Thesis

Clipper Realty (NYSE:CLPR) is an under-the-radar $400 million NYC REIT trading at a conservative 30-70 cents on the dollar and below private market value. This is a good chance for investors to scoop up shares

This article was written by

808 Followers
Bargain hunter. Seeking under-valued, unrecognized, neglected, out of favor, or misunderstood situations where inherent value, a margin of safety, and the possibility of changing conditions create favorable investment opportunities.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CLPR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About CLPR Stock

SymbolLast Price% Chg
EPS
PE
Div Rate
Yield
Short Interest
Market Cap
Volume
Compare to Peers

More on CLPR

Related Stocks

SymbolLast Price% Chg
CLPR
--