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Lightstone Value Plus REIT III cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$483K in Q2 2026 · $241K over twelve months

Operating cash flow$483K
Free cash flow+$483K
Cash / net income5.9×

Analysis

In Q2 2026, Lightstone Value Plus REIT III generated $483K of operating cash flow. That is $348K less than in Q2 2025 ($831K).

Over the twelve months to Jun 30, 2026, operating cash flow was $241K; the largest uses were buybacks ($1.3M), real estate bought ($523K), other financing ($486K); besides operations, cash came from other investing ($665K); the cash balance fell by $1.4M.

Operating cash flow was $483K against net income of $82K — 5.9× profit, cash ran ahead of reported earnings. The largest differences: other non-cash +$1.1M, receivables −$879K, depreciation & amortization +$790K.

Free cash flow

Lightstone Value Plus REIT III: free cash flow by quarterLightstone Value Plus REIT III: free cash flow by quarter$3.1MQ3 2024−$563KQ4 2024−$327KQ1 2025$831KQ2 2025$485KQ3 2025−$285KQ4 2025−$442KQ1 2026$483KQ2 2026
Operating cash flow less capital spending.
Lightstone Value Plus REIT III: operating cash flow against capital spendingLightstone Value Plus REIT III: operating cash flow against capital spendingOperating cash flowCapital spending$3.1M$0Q3 2024−$563K$0Q4 2024−$327K$0Q1 2025$831K$0Q2 2025$485K$0Q3 2025−$285K$0Q4 2025−$442K$0Q1 2026$483K$0Q2 2026
Latest (Q2 2026): Operating cash flow $483K, Capital spending $0.

Capital allocation, year by year

Lightstone Value Plus REIT III: where the cash came from (up) and went (down), by fiscal yearLightstone Value Plus REIT III: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingBuybacksDividendsFY2021: Operating cash flow $1.7MFY2021: Net borrowing $1.9MFY2021: Buybacks −$625KFY2021: Dividends −$50K$3.5MFY2021FY2022: Operating cash flow $3.1MFY2022: Buybacks −$997K$3.1MFY2022FY2023: Operating cash flow −$9KFY2023: Buybacks −$1.1MFY2023FY2024: Operating cash flow $2.5MFY2024: Net borrowing $30.8MFY2024: Buybacks −$985K$33.4MFY2024FY2025: Operating cash flow $704KFY2025: Buybacks −$1.3M$704KFY2025
Over these 5 years operating cash flow totalled $8.0M; the largest uses were buybacks ($5.1M) and dividends ($50K). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$3.8M
Debt$56.4M
Net debt$52.5M
Due within a year$409K

Lightstone Value Plus REIT III funds itself: free cash flow was $241K over the last twelve months, and $3.8M of cash and investments stands against $56.4M of debt ($409K due within a year, 9.4× covered by cash).

Lightstone Value Plus REIT III: debt maturities by year (FY2024)Lightstone Value Plus REIT III: debt maturities by year (FY2024)$409KYear 1$26.0MYear 2$30.8MYear 3
Principal due in each year as disclosed in the annual report, against $3.8M of cash and investments now.

Where the cash came from and went

Lightstone Value Plus REIT III: sources (+) and uses (−) of cash, Q2 2026Lightstone Value Plus REIT III: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$483KCash drawn (+) / kept (−)$421KBuybacks−$325KReal estate bought−$268KOther investing−$189KOther financing−$122K
Lightstone Value Plus REIT III: sources (+) and uses (−) of cash, TTM to Q2 2026Lightstone Value Plus REIT III: sources (+) and uses (−) of cash, TTM to Q2 2026Cash drawn (+) / kept (−)$1.4MBuybacks−$1.3MOther investing$665KReal estate bought−$523KOther financing−$486KOperating cash flow$241K

From profit to cash

Lightstone Value Plus REIT III: net income to operating cash flow, Q2 2026Lightstone Value Plus REIT III: net income to operating cash flow, Q2 2026Net income$82KDepreciation & amortization$790KOther non-cash$1.1MReceivables−$879KOperating cash flow$483K
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowBuybacksCash drawn (+) / kept (−)Free cash flow
Q2 2026$483K−$325K$421K$483K
Q1 2026−$442K−$335K$502K−$442K
Q4 2025−$285K−$335K$400K−$285K
Q3 2025$485K−$335K$110K$485K
Q2 2025$831K−$337K−$15K$831K
Q1 2025−$327K−$320K$908K−$327K
Q4 2024−$563K−$321K$614K−$563K
Q3 2024$3.1M−$321K−$2.3M$3.1M

Lightstone Value Plus REIT III: income statement and cash flow

Lightstone Value Plus REIT III, Q2 2026: revenue $8.1M (+2% year over year), operating margin 1.0%. The chart follows the revenue to costs, profit and cash.

Lightstone Value Plus REIT III: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.