Quarterly ResultMay 13, 2026, 12:58 PM
Lightstone REIT IV Q1 Net Loss $(2.79)M; EPS $(0.34)
AI Summary
Lightstone Value Plus REIT IV, Inc. reported a net loss attributable to common shares of $(2.79) million, or $(0.34) per share, for the three months ended March 31, 2026, an improvement from the $(2.94) million loss, or $(0.36) per share, in the prior year period. Hotel revenues slightly decreased to $4.99 million. The company saw improved cash flow from operating activities and a significant increase in cash from investing activities, largely due to a $2.7 million distribution from the 40 East End Ave. Joint Venture following a condominium unit sale.
Key Highlights
- Net loss attributable to common shares improved to $(2.79) million for Q1 2026 from $(2.94) million in Q1 2025.
- Basic and diluted net loss per common share improved to $(0.34) for Q1 2026 from $(0.36) in Q1 2025.
- Hotel revenues decreased to $4.99 million for Q1 2026 from $5.09 million in Q1 2025.
- Net cash used in operating activities improved to $(1.30) million for Q1 2026 from $(2.43) million in Q1 2025.
- Net cash provided by investing activities was $2.35 million for Q1 2026, up from $(0.04) million in Q1 2025.
- Received a $2.7 million distribution from the 40 East End Ave. Joint Venture after a condominium unit sale.
- Repurchased 20,504 common shares for $195 thousand at a weighted average price of $9.50 per share.
- Total Assets decreased to $138.13 million as of March 31, 2026, from $141.56 million as of December 31, 2025.
- Total Equity decreased to $21.86 million as of March 31, 2026, from $25.59 million as of December 31, 2025.