Lightstone Value Plus Real Estate Investment Trust Ii, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 12, 2020 at 08:06 pm
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Lightstone Value Plus Real Estate Investment Trust II, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 5.339 million compared to operating Income of USD 3.001 million a year ago. Net loss was USD 7.129 million compared to net income of USD 1.013 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to basic earnings per share from continuing operations of USD 0.06 a year ago. For the half year, operating loss was USD 6.815 million compared to operating Income of USD 3.365 million a year ago. Net loss was USD 10.980 million compared to USD 1.242 million a year ago. Basic loss per share from continuing operations was USD 0.63 compared to USD 0.07 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. 
