$LTSV

Lightstone Value Plus REIT IV, Inc.

CIK:0001619312|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Hotel revenues:
Total hotel revenues	$ 8,510	$ 8,616	$ 13,499	$ 13,702
Expenses:
Hotel operating expenses	5,110	5,064	9,640	9,674
Real estate taxes	73	53	147	107
General and administrative costs	547	498	1,059	1,006
Casualty (gain)/loss, net	(578)	0	(578)	67
Depreciation and amortization	977	935	1,959	1,866
Total expenses	6,129	6,550	12,227	12,720
Interest expense	(2,426)	(2,587)	(4,834)	(5,148)
Business interruption insurance recovery	949	0	949	0
Earnings from investment in unconsolidated affiliated real estate entity	(14)	591	(87)	499
Interest income and other expense, net	58	44	110	62
Net income/(loss)	948	114	(2,590)	(3,605)
Less: net (income)/loss attributable to noncontrolling interests	(366)	3	385	782
Net income/(loss) attributable to Company's common shares	$ 582	$ 117	$ (2,205)	$ (2,823)
Net income/(loss) per Company's common shares, basic (in Dollars per share)	$ 0.07	$ 0.01	$ (0.27)	$ (0.34)
Net income/(loss) per Company's common shares, diluted (in Dollars per share)	$ 0.07	$ 0.01	$ (0.27)	$ (0.34)
Weighted average number of common shares outstanding, basic (in Shares)	8,105	8,186	8,115	8,196
Weighted average number of common shares outstanding, diluted (in Shares)	8,105	8,186	8,115	8,196
Room Revenue [Member]
Hotel revenues:
Total hotel revenues	$ 6,022	$ 5,657	$ 9,297	$ 8,741
Food, beverage and other revenue [Member]
Hotel revenues:
Total hotel revenues	$ 2,488	$ 2,959	$ 4,202	$ 4,961

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ 948	$ 114	$ (2,590)	$ (3,605)
Adjustments to reconcile net loss to net cash used in operating activities:
Earnings from investment in unconsolidated affiliated real estate entity			87	(499)
Casualty gain, net			(578)
Depreciation and amortization			1,959	1,866
Amortization of deferred financing costs			554	554
Changes in assets and liabilities:
Increase in accounts receivable and other assets			(1,290)	(587)
Increase/(decrease) in accounts payable, accrued expenses and other liabilities			768	(18)
Increase in accrued interest on subordinated advances - related party			93	93
Net cash used in operating activities			(997)	(2,196)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of investment property			(365)	(1,058)
Distributions from unconcolidated affiliated real estate entity			2,667	3,400
Proceeds from property insurance claim			578	500
Net cash provided by investing activities			2,880	2,842
CASH FLOWS FROM FINANCING ACTIVITIES:
Redemption and cancellation of common stock			(385)	(391)
Net cash used in financing activities			(385)	(391)
Change in cash, cash equivalents and restricted cash			1,498	255
Cash, cash equivalents and restricted cash, beginning of year			13,947	12,456
Cash, cash equivalents and restricted cash, end of period	15,445	12,711	15,445	12,711
Supplemental disclosure of cash flow information:
Cash paid for interest			4,225	4,883
The following is a summary of the Company’s cash, cash equivalents and restricted cash total as presented in our statements of cash flows for the periods presented:
Cash and cash equivalents	10,940	8,116	10,940	8,116
Restricted cash	4,505	4,595	4,505	4,595
Total cash, cash equivalents and restricted cash	$ 15,445	$ 12,711	$ 15,445	$ 12,711

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Investment property:
Land and improvements	$ 35,845	$ 35,845
Building and improvements	84,122	84,020
Furniture and fixtures	10,944	10,804
Construction in progress	116	188
Gross investment property	131,027	130,857
Less accumulated depreciation	(12,326)	(10,367)
Net investment property	118,701	120,490
Investment in unconsolidated affiliated real estate entity	2,658	5,412
Cash and cash equivalents	10,940	9,029
Restricted cash	4,505	4,918
Accounts receivable and other assets	3,000	1,710
Total Assets	139,804	141,559
Mortgages payable, net	94,077	93,523
Accounts payable, accrued expenses and other liabilities	8,631	8,058
Subordinated advances - related party	14,479	14,386
Total Liabilities	117,187	115,967
Commitments and Contingencies	0	0
Preferred stock, $0.01 par value; 50.0 million shares authorized, none issued and outstanding	0	0
Common stock, $0.01 par value; 200.0 million shares authorized, 8.1 million shares issued and outstanding	81	81
Additional paid-in-capital	67,631	68,016
Accumulated deficit	(52,869)	(50,664)
Total Stockholders' Equity	14,843	17,433
Noncontrolling interests	7,774	8,159
Total Equity	22,617	25,592
Total Liabilities and Equity	$ 139,804	$ 141,559