Lightstone Value Plus REIT IV, Inc. reported its financial results for the first quarter of 2025, revealing a total revenue of $5.1 million, an increase from $4.6 million in the same period of 2024. The rise in revenue was primarily driven by a boost in hotel operations, with room revenue climbing to $3.1 million from $2.9 million and food, beverage, and other revenue increasing to $2.0 million from $1.7 million. Despite the revenue growth, the company recorded a net loss of $2.9 million attributable to common shares, an improvement from a net loss of $3.8 million in the prior year.
The company’s total assets decreased to $141.4 million as of March 31, 2025, down from $145.0 million at the end of 2024. This decline was attributed to a reduction in cash and cash equivalents, which fell to $5.2 million from $8.1 million, and a slight decrease in net investment property. Total liabilities remained relatively stable, increasing marginally to $114.5 million from $114.2 million. The company’s stockholders’ equity also decreased to $26.9 million from $30.8 million, primarily due to the accumulated deficit rising to $49.9 million.
Operationally, the Williamsburg Moxy Hotel, which is a key asset for Lightstone, reported an occupancy rate of 83% for the quarter, up from 78% in the previous year. The hotel’s revenue per available room (RevPAR) improved to $158.66 from $147.84, while the average daily rate (ADR) increased to $191.13 from $189.67. These metrics indicate a positive trend in customer engagement and operational performance for the hotel.
In terms of strategic developments, the company continues to manage its joint ventures effectively, including the Williamsburg Moxy Hotel Joint Venture, where it holds a 75% interest. The company is also involved in the 40 East End Ave. Joint Venture, which has successfully sold 26 of its 29 luxury condominium units. The company anticipates that cash flows from these ventures will be sufficient to meet its operational needs over the next year.
Looking ahead, Lightstone Value Plus REIT IV remains cautious about the economic environment, which could impact its financial performance. The company highlighted potential risks such as inflation, interest rate fluctuations, and market volatility. Management expressed confidence in its ability to navigate these challenges while continuing to seek opportunities for growth and investment in real estate.
About Lightstone Value Plus REIT IV, Inc.
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