Filing Flows › Lightstone Value Plus REIT IV (LTSV) › Q1 2025
Lightstone Value Plus REIT IV (LTSV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Lightstone Value Plus REIT IV (LTSV) reported revenue of $5.1M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -39% from the quarter before. Operating margin was -21.3%, net loss $3.7M (73.1% of revenue).
Lightstone Value Plus REIT IV, Q1 2025: revenue $5.1M (+12% year over year), operating margin -21.3%, net loss $3.7M, operating cash flow −$2.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1M | -39% | +12% |
| Operating profit | −$1.1M | -216% | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | −$2.4M | — | — |
What changed
Revenue was $5.1M in Q1 2025, up 12% year over year and down 39% from the previous quarter. Room Revenue was the largest line at 61% of revenue. Food Beverage and Other Revenue added $349K year over year (up 21%), 66% of the total change.
Operating costs exceeded revenue by $1.1M, an operating margin of -21.3%. Total costs grew 2% against revenue growth of 12%. The quarter ended with a net loss of $3.7M, wider than the previous quarter's $1.8M loss. Minority interests bore $779K of it: to shareholders the quarter was a loss of $2.9M. Net interest and other expense of $2.6M was the main reason.
Operating cash flow was −$2.4M. Non-cash charges added back $932K of depreciation and amortization. Working capital and other items added $356K. Capital expenditures of $502K exceeded it, leaving free cash flow of −$2.9M.
Questions
What was Lightstone Value Plus REIT IV's revenue in the first quarter 2025?
Lightstone Value Plus REIT IV (LTSV) reported revenue of $5.1M for the first quarter 2025 (Q1 2025), +12% from a year earlier and -39% from the quarter before.
Was Lightstone Value Plus REIT IV profitable in the first quarter 2025?
Operating loss was $1.1M (-21.3% of revenue) and net loss $3.7M.