Filing Flows › Lightstone Value Plus REIT IV (LTSV) › Q1 2026
Lightstone Value Plus REIT IV (LTSV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Lightstone Value Plus REIT IV (LTSV) reported revenue of $5.0M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -42% from the quarter before. Operating margin was -22.2%, net loss $3.5M (70.9% of revenue).
Lightstone Value Plus REIT IV, Q1 2026: revenue $5.0M (-2% year over year), operating margin -22.2%, net loss $3.5M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.0M | -42% | -2% |
| Operating profit | −$1.1M | -152% | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$1.3M | -329% | — |
What changed
Revenue was $5.0M in Q1 2026, down 2% year over year and down 42% from the previous quarter. Room Revenue was the largest line at 66% of revenue. Food Beverage and Other Revenue lost $288K year over year (down 14%), 297% of the total change.
Operating costs exceeded revenue by $1.1M, an operating margin of -22.2%. Total costs fell 1% while revenue fell 2%. The quarter ended with a net loss of $3.5M, wider than the previous quarter's $469K loss. Minority interests bore $751K of it: to shareholders the quarter was a loss of $2.8M. Net interest and other expense of $2.4M was the main reason.
Operating cash flow was −$1.3M. Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $1.3M. Capital expenditures of $317K exceeded it, leaving free cash flow of −$1.6M.
Questions
What was Lightstone Value Plus REIT IV's revenue in the first quarter 2026?
Lightstone Value Plus REIT IV (LTSV) reported revenue of $5.0M for the first quarter 2026 (Q1 2026), -2% from a year earlier and -42% from the quarter before.
Was Lightstone Value Plus REIT IV profitable in the first quarter 2026?
Operating loss was $1.1M (-22.2% of revenue) and net loss $3.5M.