Clipper Realty Inc. (CLPR) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.654 and welcome to the Clipper Realty earnings call. 00:00:02.654 -- 00:00:05.838 At this time, all participants have been placed on a listen-only mode. 00:00:05.838 -- 00:00:09.203 The floor will be open for questions and comments following the presentation. 00:00:09.203 -- 00:00:13.789 It is now my pleasure to turn the floor over to your host, Lauren Saba, Corporate Controller 00:00:13.789 -- 00:00:17.531 at Clipper Realty. Sir, the floor is yours. 00:00:18.034 -- 00:00:22.900 Good afternoon, and thank you for joining us for the first quarter 2026 Clipper Realty 00:00:22.900 -- 00:00:28.047 Inc. earnings conference call. Participating with me on today's call are David Bichester, 00:00:28.047 -- 00:00:33.255 co-chairman of the board and chief executive officer, JJ Bichester, chief operating officer, 00:00:33.255 -- 00:00:36.159 and Larry Kreider, chief financial officer. 00:00:36.159 -- 00:00:39.865 Please be aware that statements made during the call that are not historical may be deemed 00:00:39.865 -- 00:00:44.692 forward-looking statements, and actual results may differ materially from those indicated 00:00:44.692 -- 00:00:48.698 by such forward-looking statements. These statements are subject to numerous risks and 00:00:48.698 -- 00:00:53.565 uncertainties, including those disclosed in the company's 2025 annual report on Form 00:00:53.565 -- 00:00:59.325 10-K and and 2026 first quarter report on Form 10-Q 00:00:59.325 -- 00:01:04.088 just filed today, which is accessible at www.sdc.gov 00:01:04.651 -- 00:01:09.737 and on our website. As a reminder, the forward-looking statements speak only as of the 00:01:09.737 -- 00:01:14.763 date of this call, May 14th, 2026, and the company undertakes no duty to 00:01:14.763 -- 00:01:20.510 u...