Filing Flows › Lightstone Value Plus REIT IV (LTSV) › Q4 2025
Lightstone Value Plus REIT IV (LTSV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 30, 2026
Lightstone Value Plus REIT IV (LTSV) reported revenue of $8.6M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +4% from the quarter before. Operating margin was 24.7%, net loss $469K (5.5% of revenue).
Lightstone Value Plus REIT IV, Q4 2025: revenue $8.6M (+2% year over year), operating margin 24.7%, net loss $469K, operating cash flow $570K. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.6M | +4% | +3% |
| Operating profit | $2.1M | -4% | +127% |
| Net earnings | −$469K | — | — |
| Operating cash flow | $570K | -27% | — |
| Free cash flow | $410K | — | — |
What changed
Revenue was $8.6M in Q4 2025, up 3% year over year and up 4% from the previous quarter. Room Revenue was the largest line at 77% of revenue.
Operating profit was $2.1M, a 24.7% margin (up 13.6 points year over year). Of the extra revenue versus Q4 2024, 558% reached operating profit, above the 11% margin then. Total costs fell 13% while revenue rose 3%. The quarter ended with a net loss of $469K, wider than the previous quarter's $374K loss. Net interest and other expense of $2.6M was the main reason.
Operating cash flow was $570K. Non-cash charges added back $1.0M of depreciation and amortization. Working capital and other items added $72K. Capital expenditures of $160K left free cash flow of $410K.
Questions
What was Lightstone Value Plus REIT IV's revenue in the fourth quarter 2025?
Lightstone Value Plus REIT IV (LTSV) reported revenue of $8.6M for the fourth quarter 2025 (Q4 2025), +3% from a year earlier and +4% from the quarter before.
Was Lightstone Value Plus REIT IV profitable in the fourth quarter 2025?
Operating profit was $2.1M (24.7% of revenue) and net loss $469K.