LTSVOTCReal Estate Investment TrustsUS GAAP · USD

Lightstone Value Plus REIT Iv, Inc.

Lightstone Value Plus REIT IV, Inc. is a U.S.-based real estate investment trust that invests in operating properties, development projects, and real estate-related debt and preferred equity. Its portfolio is centered on development-oriented opportunities, including hotel and condominium projects, and it also holds interests in affiliated real estate ventures.

Kysy yhtiöstä
Liikevaihto30,5milj. USD
+2,8 %v/v
Nettotulos−3,7milj. USD
+53,6 %v/v
Vapaa kassavirta−2,5milj. USD
+76,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−10010203040milj. USD2020: EBIT 5,9 milj. USD20202021: EBIT −0,33 milj. USD20212022: EBIT −0,23 milj. USD20222023: 23 milj. USD20232024: 30 milj. USD20242025: 31 milj. USD202531
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Lightstone Value Plus REIT Iv, Inc.

Liiketoiminta

Osuus liikevaihdosta
Operating real estate55 %

Includes income-producing properties such as the Williamsburg Moxy Hotel and related food and beverage venues.

Development projects20 %

Includes ground-up and redevelopment projects such as condominium and hotel development interests.

Real estate debt investments10 %

Includes mezzanine loans, mortgage loans, and bridge loans secured by real estate assets.

Preferred equity and structured investments5 %

Includes preferred equity and other structured real estate-related investments.

Equity method joint ventures10 %

Includes earnings from unconsolidated affiliated real estate entities such as the 40 East End Avenue Joint Venture.

Tuotteet

Raportoitu · osuus liikevaihdosta
68,9%31,1%FY2025100 %
  • Room Revenue68,9 %
  • Food Beverage and Other Revenue31,1 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company’s direct economic counterparties are tenants, hotel guests, condominium buyers, and joint venture partners rather than a broad retail customer base. Demand is driven by hospitality occupancy and pricing in Brooklyn, plus asset sales and development monetization in Manhattan and other real estate markets. Its lending and preferred equity activities serve real estate sponsors and developers seeking transitional capital.

Hotel guests

Travelers and visitors staying at the Williamsburg Moxy Hotel and using its rooms and food-and-beverage venues.

Condominium buyers

Purchasers of the remaining unsold units in the 40 East End Avenue project, which generate sale proceeds when closed.

Real estate sponsors and developers

Borrowers and counterparties that use the company’s mezzanine, mortgage, bridge loan, or preferred equity capital.

Joint venture partners

Affiliated or third-party partners that co-own projects and share cash flows, control rights, and exit proceeds.

Strategia

The company is focused on preserving liquidity while monetizing existing assets and supporting development-related investments. Near-term priorities include operating the Williamsburg Moxy Hotel, managing the remaining condominium inventory at 40 East End Avenue, and maintaining sufficient cash for debt service, operating costs, and REIT distribution requirements.

Monetize remaining condominium inventoryLyhyt aikaväli

Selling the last unsold units converts development value into cash and reduces project risk.

Stabilize hotel operationsLyhyt aikaväli

Hotel cash flow supports liquidity and helps fund corporate obligations and distributions.

Preserve balance sheet flexibilityLyhyt aikaväli

The company needs cash for debt service, capital contributions, and REIT compliance distributions.

Pursue development-oriented real estate investmentsKeskipitkä aikaväli

The portfolio is designed to capture higher-return opportunities in development and redevelopment.

Maantiede

The company is concentrated in the United States, with key assets in New York City. Its operating exposure is especially tied to Brooklyn’s Williamsburg neighborhood and Manhattan’s Upper East Side, making performance sensitive to New York real estate and hospitality conditions. The filing does not disclose a broader country revenue split, so the business should be viewed as domestically concentrated.

Riskit

The company is exposed to asset-specific execution risk because its value depends on a small number of projects, including a hotel and a condominium development. It also faces real estate market, financing, and liquidity risk, since cash flows must support debt service, capital needs, and REIT distribution requirements while property values and occupancy can fluctuate.

Järjestetty vakavuuden mukaan
Asset concentrationKorkea

A large share of value is tied to the Williamsburg Moxy Hotel and 40 East End Avenue project.

KohdistuuSingle-marketSingle-asset concentration in New York City
Liquidity and debt serviceKorkea

The company must fund operating expenses, scheduled debt service, and possible capital contributions.

Kohdistuu: Corporate cash and restricted cash

Hotel operating volatilityKeskitaso

Room occupancy, RevPAR, and food-and-beverage demand can change quickly with travel conditions.

Kohdistuu: Williamsburg Moxy Hotel

Condominium sales executionKeskitaso

The remaining unsold units must be sold to realize project value and generate cash.

Kohdistuu: 40 East End Avenue Project

Joint venture governanceKeskitaso

Consent rights and shared ownership can slow decisions and affect capital allocation or exits.

Kohdistuu: Williamsburg Moxy Hotel Joint Venture and 40 East End Ave. Joint Venture

Kysy Clarifolta: Lightstone Value Plus REIT Iv, Inc.

Kirjanpito

Harkinnanvaraiset erät
Equity method investment accounting

Earnings from the 40 East End Ave. Joint Venture are recognized based on the company’s share of JV results, not consolidated revenue.

Vaikutus: Can create volatility in reported income from period to period

Noncontrolling interests

Lightstone REIT III owns 25% of the Williamsburg Moxy Hotel Joint Venture, so part of earnings is allocated away from common shareholders.

Vaikutus: Reduces net income attributable to the company

Property depreciation

Real estate assets are depreciated over estimated useful lives on a straight-line basis.

Vaikutus: Affects operating income and asset carrying values over time

Fair value and impairment judgments

Real estate, joint venture interests, and debt-related investments require valuation assumptions and may be impaired if market conditions weaken.

Vaikutus: Can materially affect asset values and earnings

Insurance claim proceeds

Property insurance recoveries can create non-recurring cash inflows and affect comparability across periods.

Vaikutus: May distort underlying operating performance

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Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 28.4.2026