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Clipper Realty (Clipper Realty) Gross Margin % : 55.93% (As of Mar. 2024)


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What is Clipper Realty Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Clipper Realty's Gross Profit for the three months ended in Mar. 2024 was $20.0 Mil. Clipper Realty's Revenue for the three months ended in Mar. 2024 was $35.8 Mil. Therefore, Clipper Realty's Gross Margin % for the quarter that ended in Mar. 2024 was 55.93%.


The historical rank and industry rank for Clipper Realty's Gross Margin % or its related term are showing as below:

CLPR' s Gross Margin % Range Over the Past 10 Years
Min: 45.09   Med: 53.61   Max: 56.03
Current: 56.03


During the past 10 years, the highest Gross Margin % of Clipper Realty was 56.03%. The lowest was 45.09%. And the median was 53.61%.

CLPR's Gross Margin % is ranked worse than
74.69% of 640 companies
in the REITs industry
Industry Median: 68.075 vs CLPR: 56.03

Clipper Realty had a gross margin of 55.93% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Clipper Realty was -0.30% per year.


Clipper Realty Gross Margin % Historical Data

The historical data trend for Clipper Realty's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Clipper Realty Gross Margin % Chart

Clipper Realty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.64 52.63 51.56 52.32 54.73

Clipper Realty Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.59 55.18 56.43 56.55 55.93

Competitive Comparison of Clipper Realty's Gross Margin %

For the REIT - Residential subindustry, Clipper Realty's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Clipper Realty's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Clipper Realty's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Clipper Realty's Gross Margin % falls into.



Clipper Realty Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Clipper Realty's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=75.6 / 138.205
=(Revenue - Cost of Goods Sold) / Revenue
=(138.205 - 62.57) / 138.205
=54.73 %

Clipper Realty's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=20 / 35.76
=(Revenue - Cost of Goods Sold) / Revenue
=(35.76 - 15.758) / 35.76
=55.93 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Clipper Realty  (NYSE:CLPR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Clipper Realty had a gross margin of 55.93% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Clipper Realty Gross Margin % Related Terms

Thank you for viewing the detailed overview of Clipper Realty's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Clipper Realty (Clipper Realty) Business Description

Traded in Other Exchanges
N/A
Address
4611 12th Avenue, Suite 1L, Brooklyn, NY, USA, 11219
Clipper Realty Inc is a self-administered and self-managed real estate company. It acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. It has classified its reporting segments into commercial and residential rental properties. Clipper derives its revenue mostly from a Residential segment.
Executives
Howard M Lorber director 4400 BISCAYNE BLVD, 10TH FLOOR, MIAMI FL 33137
Harmon Spolan director OOZEN O CONNOR, 1900 MARKET ST 4TH FL, PHILADELPHIA PA 19103
Sam Levinson director, 10 percent owner 9190 PRIORITY WAY WEST DRIVE, SUITE 300, INDIANAPOLIS IN 46240
David Bistricer director, 10 percent owner, officer: Co-Chairman and CEO PO BOX 407, BROOKLIN NY 11219
Michael Charles Frenz officer: Chief Financial Officer C/O CLIPPER REALTY INC, 4611 12TH AVENUE, SUITE 1L, BROOKLYN NY 11219
Roberto Angelo Verrone director 200 HIGHLAND AVENUE, SHORT HILLS NJ 07078
Robert Jay Ivanhoe director GREENBERG TRAURIG, LLP, 200 PARK AVENUE, NEW YORK NY 10166
Richard N Burger director P.O. BOX 28543, SCOTTSDALE AZ 85255
Lawrence E Kreider officer: Chief Financial Officer 600 GRANT STREET, SUITE 900, DENVER CO 80203
Jacob Bistricer officer: Chief Operating Officer 4611 12TH AVENUE, SUITE 1L, BROOKLYN NY 11219
Jacob Schwimmer officer: Chief PM Offcier 1738 47TH STREET, BROOKLYN NY 11204