Lightstone Value Plus REIT II, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 05:07 pm EDT
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Lightstone Value Plus REIT II, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 15.35 million compared to USD 15.15 million a year ago. Net loss was USD 7.12 million compared to net income of USD 0.161 million a year ago. Basic loss per share from continuing operations was USD 0.42 compared to basic earnings per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 29.33 million compared to USD 28.23 million a year ago. Net loss was USD 8.94 million compared to net income of USD 5.89 million a year ago. Basic loss per share from continuing operations was USD 0.52 compared to basic earnings per share from continuing operations of USD 0.34 a year ago.
Lightstone Value Plus REIT II, Inc. is a real estate investment trust (REIT). The Company is structured as an umbrella partnership REIT (UPREIT). The Company owns and operates commercial properties and makes real estate-related investments. The Company has primarily acquired and operated commercial hospitality properties, principally consisting of limited service hotels all located in the United States. Its commercial holdings may also consist of full-service hotels, and to a lesser extent, retail (primarily multi-tenanted shopping centers), industrial and office properties. It owns and operates approximately 10 limited service hotels containing a total of 1,352 rooms. Five of its consolidated limited service hotels are held through LVP Holdco JV LLC (the Hotel Joint Venture). The Company's advisor is Lightstone Value Plus REIT II LLC.
LIGHTSTONE VALUE PLUS REIT II, INC. 