Lightstone Value Plus REIT IV, Inc. reported its financial results for the second quarter of 2026, revealing a net income attributable to common shares of $582,000, compared to a net income of $117,000 for the same period in 2025. For the six months ended June 30, 2026, the company recorded a net loss of $2.59 million, an improvement from a loss of $3.61 million in the prior year. Total hotel revenues for the second quarter were $8.51 million, slightly down from $8.62 million in the previous year, while year-to-date revenues reached $13.50 million, compared to $13.70 million in 2025.
The company’s balance sheet as of June 30, 2026, showed total assets of $139.80 million, a decrease from $141.56 million at the end of 2025. Notably, the net investment property decreased to $118.70 million from $120.49 million, primarily due to accumulated depreciation. Cash and cash equivalents increased to $10.94 million from $9.03 million, reflecting improved liquidity. Total liabilities rose to $117.19 million from $115.97 million, driven by an increase in mortgages payable.
Operationally, the Williamsburg Moxy Hotel, which opened in March 2023, reported a 95% occupancy rate for the second quarter of 2026, up from 94% in the same quarter of 2025. Revenue per available room (RevPAR) increased to $307.13 from $287.92, while the average daily rate (ADR) rose to $324.90 from $306.83. However, food, beverage, and other revenues decreased to $2.49 million from $2.96 million year-over-year. The company also recognized a casualty gain of $578,000 related to an insurance claim from a fire incident in December 2024.
Looking ahead, Lightstone Value Plus REIT IV anticipates continued challenges due to economic conditions, including inflation and market volatility. The company plans to refinance its existing mortgage loans before their maturity in April 2027, with options to extend if necessary. Management remains focused on maintaining liquidity and meeting its obligations as a real estate investment trust (REIT), including potential distributions to shareholders. The company’s strategic direction includes seeking further investment opportunities in real estate and related sectors, while managing its existing properties effectively.
About Lightstone Value Plus REIT IV, Inc.
Lightstone Value Plus REIT IV, Inc. is a Maryland-based real estate investment trust focused on acquiring, developing, and managing diverse U.S. real estate assets. Its portfolio includes operating hotels, residential, and development projects, primarily in New York City. The company invests in properties and real estate-related securities, leveraging joint ventures and partnerships. It aims to generate cash flow, capital appreciation, and maintain REIT status through strategic asset management and financing.
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