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Lightstone Value Plus REIT IV (LTSV) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Lightstone Value Plus REIT IV (LTSV) Q2 2026 earnings results →
Q2 2026 Revenue down 1% year over year to $8.5M · 7¢ of every $1 of revenue kept as net profit · operating margin 28.0%
Lightstone Value Plus REIT IV made $8.5M in Q2 2026 (-1% Y/Y): Room Revenue $6.0M, Food Beverage and Other Revenue $2.5M. Operating margin 28.0%, net earnings $582K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
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 $8.5M in Q2 2026, down 1% year over year and up 71% from the previous quarter. Room Revenue was the largest line at 71% of revenue. Food Beverage and Other Revenue lost $471K year over year (down 16%), 444% of the total change.
Operating profit was $2.4M, a 28.0% margin (up 4.0 points year over year). Total costs fell 6% while revenue fell 1%. Net earnings were $582K, up 397% year over year. The effective tax rate was 0.0%.
Operating cash flow was $307K (up 31% year over year), 32% of net income including minority interests. Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items used $1.6M. Capital expenditures of $48K left free cash flow of $259K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $8.5M | -1% | 28.0% | $582K | $307K |
| Q1 2026 | 10-Q | May 13, 2026 | $5.0M | -2% | -22.2% | −$3.5M | −$1.3M |
| Q4 2025 | 10-K | Mar 30, 2026 | $8.6M | +2% | 24.7% | −$469K | $570K |
| Q3 2025 | 10-Q | Nov 14, 2025 | $8.2M | -3% | 26.8% | −$374K | $776K |
| Q2 2025 | 10-Q | Aug 12, 2025 | $8.6M | +4% | 24.0% | $117K | $235K |
| Q1 2025 | 10-Q | May 13, 2025 | $5.1M | +12% | -21.3% | −$3.7M | −$2.4M |
| Q4 2024 | 10-K | Mar 26, 2025 | $8.4M | +11% | 11.2% | −$1.8M | −$18K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Lightstone Value Plus REIT IV
Lightstone Value Plus REIT IV, Inc. (“Lightstone REIT IV”) is a Maryland corporation, formed on September 9, 2014, which elected to qualify as a real estate investment trust (“REIT”) for United States (“U.S.”) federal income tax purposes beginning with the taxable year ending December 31, 2016. Lightstone REIT IV, together with its subsidiaries is collectively referred to as the “Company” and the use of “we,” “our,” “us” or similar pronouns refers to Lightstone REIT IV or the Company as required by the context in which any such pronoun is used.
In its own words, from its 10-K, filed Mar 30, 2026.
Lightstone Value Plus REIT IV against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -1% against the peers' median +11%. Operating margin: 28.0% against the peers' median 20.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LTSV Lightstone Value Plus REIT IV | Q2 2026 | $8.5M | -1% | 28.0% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: Lightstone Value Plus REIT IV 10-Q on SEC EDGAR · CIK 1619312 · Real Estate Investment Trusts
More on LTSV
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results