<a href="https://laohu8.com/S/CLPR">Clipper Realty Inc.</a> Releases Pro Forma Financials Reflecting 10 West 65th Street Sale
Clipper Realty Inc. has issued unaudited pro forma combined financial statements reflecting the impact of a significant transaction: the sale of its property at 10 West 65th Street, New York City. The transaction, completed on May 30, 2025, for a sale price of $45,500, less closing costs of $1,864, is intended to be reflected as if it occurred on March 31, 2025. These statements include adjustments for the three months ended March 31, 2025, and the year ended December 31, 2024, demonstrating the financial effects of the sale. The pro forma adjustments account for the repayment of outstanding debt related to the property, the write-off of certain assets, and the retention of specific assets and liabilities, contributing to a reported pro forma loss on sale. Clipper Realty's management believes these adjustments provide a reasonable representation of the company's financial position post-sale.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Clipper Realty Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-25-019578), on June 05, 2025, and is solely responsible for the information contained therein.
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