Lightstone Value Plus REIT I Q2 FY26 net income swings to profit at $7.25 million; hotel revenue rises 1.39% to $14.6 million - LHTV News | RalliesLightstone Value Plus REIT I Q2 FY26 net income swings to profit at $7.25 million; hotel revenue rises 1.39% to $14.6 million
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LHTV• Q2 FY26 results
- Lightstone Value Plus REIT I returned to profit in Q2, posting GAAP net income of $7.25 million, or $0.33 a share.
- Revenue held steady, with rental revenue flat at $2.9 million while hotel revenues edged up to $14.6 million.
- Interest expense fell 32.31% to $4.4 million, while unrealized gains on marketable equity securities were $7.8 million.
- Funds from operations attributable to common shares climbed to $9.23 million, or $0.44 a share; MFFO was $1.65 million.
Hotel operating metrics
- Lower East Side Moxy Hotel RevPAR rose to $318.59, ADR increased to $337.56; occupancy was unchanged at 94%.
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