Lightstone Value Plus REIT V earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026
Q2 2026 Revenue up 0% year over year to $12.6M · 31¢ of every $1 of revenue lost · operating margin 8.4%
Lightstone Value Plus REIT V made $12.6M in Q2 2026 (+0.2% Y/Y). Operating margin 8.4%, net loss $3.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Revenue$12.6M
Year over year+0.2%
Operating margin8.4%
Net earnings−$3.9M
Operating cash flow$1.3M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $12.6M in Q2 2026, roughly flat year over year and up 1% from the previous quarter.
Operating profit was $1.1M, a 8.4% margin (up 3.0 points year over year). Of the extra revenue versus Q2 2025, 1604% reached operating profit, above the 5% margin then. Total costs fell 3% while revenue was flat. The quarter ended with a net loss of $3.9M, wider than the previous quarter's $2.6M loss. Net interest and other expense of $4.9M was the main reason.
Operating cash flow was $1.3M (up 33% year over year). Non-cash charges added back $3.8M of depreciation and amortization. Working capital and other items added $1.4M. Capital expenditures of $1.1M left free cash flow of $174K.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q2 2026
10-Q
Aug 13, 2026
$12.6M
+0.2%
8.4%
−$3.9M
$1.3M
Q1 2026
10-Q
May 15, 2026
$12.6M
-8%
9.4%
−$2.6M
−$231K
Q4 2025
10-K
Mar 26, 2026
$12.5M
-1%
4.1%
−$3.3M
$999K
Q3 2025
10-Q
Nov 14, 2025
$12.5M
-0.1%
5.0%
−$3.3M
$3.1M
Q2 2025
10-Q
Aug 11, 2025
$12.6M
+0.9%
5.4%
−$3.2M
$994K
Q1 2025
10-Q
May 12, 2025
$13.6M
+10%
7.3%
$15.0M
−$955K
Q4 2024
10-K
Mar 27, 2025
$12.7M
+7%
10.6%
−$2.2M
$1.4M
Charts
Latest (Q2 2026): Y/Y +0%, Q/Q +1%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q2 2026): Net income −$3.9M, Operating cash flow $1.3M.-10.3% since FY2020: buybacks shrank the count.Cash $21.4M, short-term investments —, long-term debt $323M at 2024-12-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Dollar amounts in this Annual Report on Form 10-K (the “Annual Report”) are presented in thousands, except per share data and where indicated in millions. References to quarters in this Annual Report are based on calendar quarters. Lightstone Value Plus REIT V, Inc. (“Lightstone REIT V”), (which may be referred to as the “Company,” “we,” “us,” or “our”) was organized as a Maryland corporation on January 9, 2007 and has elected to be taxed, and currently qualifies, as a real estate investment trust (“REIT”) for United States (“U.S.”) federal income tax purposes.
In its own words, from its 10-K, filed Mar 26, 2026.
Lightstone Value Plus REIT V against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.2% against the peers' median +11%. Operating margin: 8.4% against the peers' median 15.9%.