Lightstone Value Plus Real Estate Investment Trust V, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 12, 2020 at 04:06 pm EST
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Lightstone Value Plus Real Estate Investment Trust V, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating income was USD 216,000 compared to operating loss of USD 375,000 a year ago. Net loss was USD 1.674 million compared to USD 2.164 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.1 a year ago. For the nine months, operating income was USD 1.940 million compared to operating loss of USD 228,000 a year ago. Net income was USD 1.024 million compared to net loss of USD 5.272 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.23 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. 
