Lightstone Value Plus Real Estate Investment Trust Ii, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 04:02 pm EDT
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Lightstone Value Plus Real Estate Investment Trust II, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating loss was USD 585,000 compared to USD 5.339 million a year ago. Net loss was USD 641,000 compared to USD 7.129 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to USD 0.41 a year ago. For the half year, operating loss was USD 3.928 million compared to USD 6.815 million a year ago. Net loss was USD 5.285 million compared to USD 10.980 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.63 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. 
