Filing Flows › Lightstone Value Plus REIT IV (LTSV) › Q2 2025
Lightstone Value Plus REIT IV (LTSV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Lightstone Value Plus REIT IV (LTSV) reported revenue of $8.6M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +69% from the quarter before. Operating margin was 24.0%, net earnings $117K (1.4% of revenue).
Lightstone Value Plus REIT IV, Q2 2025: revenue $8.6M (+4% year over year), operating margin 24.0%, net earnings $117K, operating cash flow $235K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6M | +69% | +4% |
| Operating profit | $2.1M | — | +87% |
| Net earnings | $117K | — | — |
| Operating cash flow | $235K | — | — |
What changed
Revenue was $8.6M in Q2 2025, up 4% year over year and up 69% from the previous quarter. Room Revenue was the largest line at 66% of revenue. Food Beverage and Other Revenue added $274K year over year (up 10%), 87% of the total change.
Operating profit was $2.1M, a 24.0% margin (up 10.7 points year over year). Of the extra revenue versus a year earlier, 306% reached operating profit, above the 13% margin then. Total costs fell 9% while revenue rose 4%. Net earnings were $117K. The effective tax rate was -44.2%.
Operating cash flow was $235K, 206% of net income including minority interests. Non-cash charges added back $934K of depreciation and amortization. Working capital and other items used $813K. Capital expenditures of $556K exceeded it, leaving free cash flow of −$321K.
Questions
What was Lightstone Value Plus REIT IV's revenue in the second quarter 2025?
Lightstone Value Plus REIT IV (LTSV) reported revenue of $8.6M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +69% from the quarter before.
Was Lightstone Value Plus REIT IV profitable in the second quarter 2025?
Operating profit was $2.1M (24.0% of revenue) and net earnings $117K.