INIM WININ ALALALA CLIPPER REALTY W Investor Presentation June 2019 KIDS KI > K Forward-Looking Statements All statements other than statements of historical fact included in this presentation for Clipper Realty Inc. (the "Company") regarding the Company's financial position, business strategy and the plans, objectives, expectations, or assumptions of management for future operations, are forward-looking statements. When used in this presentation, words such as "may," "will," "should," "could," "expect," "a ...

Clipper Realty Inc. SUPPLEMENTAL DATA First Quarter 2019 1 Clippe NEW YOR leading ow metropolita 2019. RK, May 9, wner and op an area, today 2019 /Busine erator of mu y announced ess Wire/ -- ultifamily re financial and Clipper Real sidential and d operating r lty Inc. (NYS d commercia results for the SE: CLPR) ( al properties e three month (the "Compa in the New hs ended Ma Highlights for the Thre ee Months En nded March 31, 2019 AFFO are non-G res to the most r Realty I GAAP financia comparable G Inc. Ann ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended March 31, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38010 CLIPPER REALTY INC. (Exact name of Registrant as specified in its charter) Maryland 47-4579660 (State or other jurisdiction of incorpor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38010 CLIPPER REALTY INC. (Exact name of Registrant as specified in its charter) Maryland 47-4579660 (State or other jurisdiction of incorporation ...