Lightstone Value Plus Real Estate Investment Trust V, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 15, 2020 at 04:31 pm
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Lightstone Value Plus Real Estate Investment Trust V, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced operating income was USD 1.172 million compared to operating loss of USD 29,000 a year ago. Net income was USD 3.981 million compared to net loss of USD 1.693 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to basic loss per share from continuing operations of USD 0.07 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. 