Filing Flows › Lightstone Value Plus REIT IV (LTSV) › Q3 2025
Lightstone Value Plus REIT IV (LTSV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Lightstone Value Plus REIT IV (LTSV) reported revenue of $8.2M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -4% from the quarter before. Operating margin was 26.8%, net loss $374K (4.5% of revenue).
Lightstone Value Plus REIT IV, Q3 2025: revenue $8.2M (-3% year over year), operating margin 26.8%, net loss $374K, operating cash flow $776K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.2M | -4% | -3% |
| Operating profit | $2.2M | +7% | — |
| Net earnings | −$374K | -420% | — |
| Operating cash flow | $776K | +230% | -51% |
| Free cash flow | $349K | — | -77% |
What changed
Revenue was $8.2M in Q3 2025, down 3% year over year and down 4% from the previous quarter. Room Revenue was the largest line at 69% of revenue. Food Beverage and Other Revenue lost $324K year over year (down 11%), 149% of the total change.
Operating profit was $2.2M, a 26.8% margin (up 9.2 points year over year). Total costs fell 13% while revenue fell 3%. The quarter ended with a net loss of $374K, after a profit of $114K the previous quarter. Net interest and other expense of $2.6M was the main reason.
Operating cash flow was $776K (down 51% year over year). Non-cash charges added back $936K of depreciation and amortization. Working capital and other items added $214K. Capital expenditures of $427K left free cash flow of $349K.
Questions
What was Lightstone Value Plus REIT IV's revenue in the third quarter 2025?
Lightstone Value Plus REIT IV (LTSV) reported revenue of $8.2M for the third quarter 2025 (Q3 2025), -3% from a year earlier and -4% from the quarter before.
Was Lightstone Value Plus REIT IV profitable in the third quarter 2025?
Operating profit was $2.2M (26.8% of revenue) and net loss $374K.