Lightstone Value Plus Real Estate Investment Trust V, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 09:19 pm
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Lightstone Value Plus Real Estate Investment Trust V, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating income was USD 552,000 compared to USD 176,000 a year ago. Net loss was USD 1.283 million compared to USD 1.415 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.06 a year ago. For the half year, operating income was USD 1.724 million compared to USD 147,000 a year ago. Net income was USD 2.698 million compared to net loss of USD 3.108 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of 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. 
