Lightstone Value Plus REIT IV Reports Improved Net Loss of $394,000 in Q3 2025

Lightstone Value Plus REIT IV, Inc. reported its financial results for the third quarter of 2025, revealing a net loss of $394,000, a significant improvement compared to a net loss of $1.157 million in the same period of 2024. For the nine months ended September 30, 2025, the company recorded a net loss of $3.979 million, down from $8.165 million in the prior year. Total hotel revenues for the third quarter were $8.246 million, slightly lower than the $8.463 million reported in the same quarter of 2024. Year-to-date hotel revenues increased to $21.948 million from $21.323 million, reflecting a rise in both room and food and beverage revenues.

The company’s total assets decreased to $142.226 million as of September 30, 2025, from $144.997 million at the end of 2024. This decline was primarily attributed to a reduction in the investment in unconsolidated affiliated real estate entities, which fell to $5.478 million from $8.358 million. Lightstone's total liabilities increased to $115.969 million, up from $114.176 million, largely due to an increase in accounts payable and accrued expenses. Stockholders' equity also decreased to $26.257 million from $30.821 million, driven by the accumulated deficit rising to $50.160 million.

Operationally, the Williamsburg Moxy Hotel, which is a key asset for Lightstone, reported an occupancy rate of 95% for the third quarter, up from 94% in the previous year. The hotel’s revenue per available room (RevPAR) increased to $286.22 from $280.62, while the average daily rate (ADR) rose to $301.64 from $298.72. The hotel’s operating expenses decreased to $5.162 million from $5.564 million, reflecting improved cost management, particularly in food and beverage operations.

Strategically, Lightstone continues to focus on its real estate investments, including the Williamsburg Moxy Hotel, which opened in March 2023. The company also reported a casualty gain of $597,000 related to a fire incident at the hotel, which had previously incurred losses. Looking ahead, Lightstone 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 cautious about market conditions and their potential impact on future performance, particularly in light of ongoing economic uncertainties.