Lightstone Value Plus REIT IV Reports Q1 2026 Financial Results with $3.5M Net Loss

Lightstone Value Plus REIT IV, Inc. reported its financial results for the first quarter of 2026, revealing a net loss of $3.5 million, a slight improvement from the $3.7 million loss recorded in the same period of 2025. The company's hotel revenues totaled $4.99 million, down from $5.09 million year-over-year. The decline in revenue was attributed to a decrease in food, beverage, and other revenue, which fell to $1.71 million from $2.00 million, despite an increase in room revenue to $3.28 million from $3.08 million, reflecting higher occupancy rates.

Total expenses for the quarter were $6.10 million, a decrease from $6.17 million in the prior year. Hotel operating expenses decreased to $4.53 million from $4.61 million, while general and administrative costs remained stable at $0.51 million. The company also reported a slight increase in depreciation and amortization expenses to $0.98 million from $0.93 million. Interest expenses decreased to $2.41 million from $2.56 million, primarily due to changes in market interest rates.

In terms of operational developments, the Williamsburg Moxy Hotel, which is part of a joint venture in which Lightstone holds a 75% interest, opened on March 7, 2023. The hotel achieved an occupancy rate of 87% for the quarter, up from 83% in the previous year, with a revenue per available room (RevPAR) of $168.59, an increase from $158.66. The average daily rate (ADR) also rose to $193.15 from $191.13, indicating improved performance in the hospitality segment.

The company's total assets as of March 31, 2026, were $138.13 million, a decrease from $141.56 million at the end of 2025. Cash and cash equivalents increased to $9.58 million from $9.03 million, while total liabilities rose slightly to $116.27 million from $115.97 million. Stockholders' equity decreased to $14.45 million from $17.43 million, primarily due to the accumulated deficit increasing to $53.45 million from $50.66 million.

Looking ahead, Lightstone Value Plus REIT IV anticipates that its cash reserves, along with expected distributions from its joint ventures, will be sufficient to meet its operational needs for at least the next 12 months. The company remains focused on maintaining its REIT status and is exploring opportunities for future investments, while also navigating the challenges posed by current economic conditions, including inflation and market volatility.