Filing Flows › Lightstone Value Plus REIT IV (LTSV) › Q2 2026 › vs Q2 2025
Lightstone Value Plus REIT IV (LTSV) Q2 2026 vs Q2 2025 (year over year)
Lightstone Value Plus REIT IV's revenue fell $106K (-1%) from $8.6M in Q2 2025 to $8.5M in Q2 2026. The biggest changes: Food Beverage and Other Revenue −$471K (-16%); Room Revenue +$365K (+6%). Operating margin 28.0% against 24.0% (+4.0 pts).
Lightstone Value Plus REIT IV, Q2 2026: revenue $8.5M (-1% year over year), operating margin 28.0%, net earnings $582K, operating cash flow $307K. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 28.0% | 24.0% | +4.0 pts |
| Net margin | 6.8% | 1.4% | +5.5 pts |
| Free cash flow margin | 3.0% | -3.7% | +6.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Room Revenue | $6.0M | $5.7M | $365K | +6% |
| Food Beverage and Other Revenue | $2.5M | $3.0M | −$471K | -16% |
| Revenue | $8.5M | $8.6M | −$106K | -1% |
| Operating profit | $2.4M | $2.1M | $315K | +15% |
| Costs & expenses | $6.1M | $6.5M | −$421K | -6% |
| Pre-tax earnings | $948K | $79K | $869K | 12× |
| Other expense, net | $1.4M | $2.0M | −$554K | -28% |
| General & admin | $547K | $498K | $49K | +10% |
| Other operating costs | $5.6M | $6.1M | −$470K | -8% |
| Net earnings | $582K | $117K | $465K | +397% |
| Minority interests | $366K | −$3K | $369K | — |
| Operating cash sources | $1.6M | $1.1M | $508K | +48% |
| Depreciation & amortization | $977K | $934K | $43K | +5% |
| Working capital & other | $1.3M | $816K | $436K | +53% |
| Operating cash flow | $307K | $235K | $72K | +31% |
| Free cash flow (OCF − capex) | $259K | −$321K | $580K | — |
| Capital expenditures | $48K | $556K | −$508K | -91% |
Questions
How much did Lightstone Value Plus REIT IV's revenue grow year over year in Q2 2026?
Lightstone Value Plus REIT IV's revenue fell $106K (-1%) from $8.6M in Q2 2025 to $8.5M in Q2 2026.
What drove Lightstone Value Plus REIT IV's revenue change in Q2 2026?
Food Beverage and Other Revenue −$471K (-16%); Room Revenue +$365K (+6%).