Clipper Realty Inc. (NYSE: CLPR) (the “Company”), an owner and operator of multifamily residential and commercial properties in the New York metropolitan area, today announced that it will release financial results for the quarter ended June 30, 2020, after the market closes on Monday, August 10, 2020. The Company will host a conference call that same day at 5:00 PM (ET) to discuss the financial results and provide a business update pertaining to the COVID-19 pandemic.

The conference call can be accessed by dialing (800) 346-7359 or (973) 528-0008, conference entry code 452581. A replay of the call will be available from August 10, 2020, following the call, through August 24, 2020, by dialing (800) 332-6854 or (973) 528-0005, replay conference ID 452581.

About Clipper Realty Inc.

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn. For more information on the Company, please visit www.clipperrealty.com.

Michael Frenz Chief Financial Officer (718) 438-2804 x2274 M: (917) 576-7750 mfrenz@clipperrealty.com

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