Lightstone Value Plus Real Estate Investment Trust V, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 03:55 pm EDT
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Lightstone Value Plus Real Estate Investment Trust V, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced operating income was USD 647,000 compared to USD 552,000 a year ago. Net income was USD 445,000 compared to net loss of USD 1.283 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 0.06 a year ago. For the half year, operating income was USD 1.723 million compared to USD 1.724 million a year ago. Net income was USD 27.480 million compared to USD 2.698 million a year ago. Basic earnings per share from continuing operations was USD 1.36 compared to USD 0.13 a year ago.
Lightstone Value Plus REIT V, Inc. is a real estate investment trust (REIT). The Company is formed primarily to acquire and operate commercial real estate and real estate-related assets. The Company holds interests in various commercial properties, such as office, industrial, retail, hospitality, multifamily, and student housing, and other real estate-related investments, such as mortgage loans and mezzanine loans. The Company's business is conducted through Lightstone REIT V OP LP (Operating Partnership). The Company has eight wholly owned real estate investments (multi-family apartment complexes) and one real estate-related investment (mezzanine loan). The Companyâs properties include Arbors Harbor Town, Parkside Apartments, Flats at Fishers, Axis at Westmont, Valley Ranch Apartments, Autumn Breeze Apartments, BayVue Apartments, and Citadel Apartments. The Companyâs business is externally managed by LSG Development Advisor LLC (the Advisor).
LIGHTSTONE VALUE PLUS REIT V, INC. 
