Lightstone Value Plus REIT V swings to FY26 Q2 net loss of $3.86 million; revenue flat at $12.64 million
LVVP•Balance sheet and financing
Cash and cash equivalents totaled $66 million at June 30, with notes payable at $351.3 million and a 5.58% weighted-average interest rate.
Quarterly results and revenue
Lightstone Value Plus REIT V posted a GAAP net loss of $3.86 million for the quarter, widening from $3.25 million a year earlier.
Rental revenues were flat at $12.64 million, while interest expense, net jumped 28% to $5.61 million.
Share repurchase and portfolio occupancy
The REIT bought 2,200,000 shares in a self-tender for $31.1 million, paying $14.08 per share.
Portfolio occupancy held at 94%, with effective monthly rent per unit rising to $1,719 from $1,658.
