Lightstone Value Plus REIT III, Inc. (LVVR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1985 CEDAR BRIDGE AVENUE, SUITE 1 LAKEWOOD, NJ 08701 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,175 | 10,464 | 19,524 | 17,810 | 26,999 | 6,103 | |||
| Cash and cash equivalent | 6,175 | 3,848 | 18,391 | 16,639 | 26,999 | 6,103 | |||
| Short-term investments | 6,616 | 1,133 | 1,171 | ||||||
| Other undisclosed current assets | 55,714 | ||||||||
| Total current assets: | 6,175 | 10,464 | 19,524 | 73,524 | 26,999 | 6,103 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 131,639 | 38,682 | 38,174 | 37,954 | 37,877 | 37,604 | |||
| Long-term investments and receivables | 16,770 | 20,240 | 21,755 | 23,545 | 10,664 | 25,929 | |||
| Long-term investments | 16,770 | 20,240 | 21,755 | 23,545 | 10,664 | 25,929 | |||
| Regulated entity, other noncurrent assets | 433 | 509 | 170 | 342 | |||||
| Other undisclosed noncurrent assets | 10,875 | ||||||||
| Total noncurrent assets: | 148,409 | 59,355 | 60,438 | 72,373 | 48,711 | 63,875 | |||
| Other undisclosed assets | (32,632) | 58,159 | 62,853 | 76,568 | 86,107 | ||||
| TOTAL ASSETS: | 121,952 | 127,978 | 142,815 | 145,897 | 152,278 | 156,085 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 9,822 | ||||||||
| Accrued liabilities | 9,822 | ||||||||
| Debt | 1,869 | ||||||||
| Total current liabilities: | 11,691 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 61,153 | 61,005 | 64,076 | 54,112 | 68,939 | 68,920 | |||
| Total liabilities: | 61,153 | 61,005 | 64,076 | 65,803 | 68,939 | 68,920 | |||
| Equity | |||||||||
| Equity, attributable to parent | 48,707 | 54,881 | 66,647 | 68,002 | 71,246 | 75,073 | |||
| Common stock | 128 | 129 | 130 | 132 | 132 | 133 | |||
| Additional paid in capital | 109,478 | 110,462 | 111,585 | 112,581 | 113,205 | 114,002 | |||
| Accumulated other comprehensive loss | (120) | (166) | (250) | (107) | (221) | (79) | |||
| Accumulated deficit | (60,779) | (55,544) | (44,818) | (44,603) | (41,870) | (38,983) | |||
| Equity, attributable to noncontrolling interest | 12,092 | 12,092 | 12,092 | 12,092 | 12,092 | 12,092 | |||
| Total equity: | 60,799 | 66,973 | 78,739 | 80,094 | 83,338 | 87,165 | |||
| TOTAL LIABILITIES AND EQUITY: | 121,952 | 127,978 | 142,815 | 145,897 | 152,278 | 156,085 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 29,880 | 29,088 | 28,311 | 21,778 | 14,175 | 32,456 | ||
| Revenue from related parties | ✕ | ✕ | ✕ | 21,778 | ||||
| Cost of revenue | (7,545) | (20,665) | (22,240) | |||||
| Gross profit: | 29,880 | 29,088 | 28,311 | 14,233 | (6,491) | 10,216 | ||
| Operating expenses | (27,995) | (27,898) | (26,899) | (4,306) | 413 | (8,640) | ||
| Other undisclosed operating loss | (10,913) | |||||||
| Operating income (loss): | 1,885 | 1,190 | 1,412 | (986) | (6,078) | 1,575 | ||
| Nonoperating income (expense) | 256 | 641 | (108) | (13,735) | (10,870) | 175 | ||
| Operating lease, initial direct cost expense, over term | (20,439) | (13,798) | (11,166) | |||||
| Other nonoperating income (expense) | 641 | (108) | 63 | 296 | 175 | |||
| Interest and debt expense | (5,252) | (5,361) | (3,415) | (2,946) | (2,999) | (4,415) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Loss from continuing operations before equity method investments, income taxes: | (3,111) | (3,530) | (2,111) | (17,667) | (19,947) | (2,665) | ||
| Income (loss) from equity method investments | (2,124) | (3,308) | 3 | (333) | (2,102) | (2,768) | ||
| Loss from continuing operations: | (5,235) | (6,838) | (2,108) | (18,001) | (22,050) | (5,433) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (18,001) | (22,050) | (5,433) | |
| Other undisclosed net income | 1,893 | 15,267 | 19,163 | 1,369 | ||||
| Net loss: | (5,235) | (6,838) | (215) | (2,733) | (2,887) | (4,064) | ||
| Net income attributable to noncontrolling interest | 0 | 0 | 0 | |||||
| Net loss attributable to parent: | (5,235) | (6,838) | (215) | (2,733) | (2,887) | (4,064) | ||
| Other undisclosed net income available to common stockholders, basic | 2,400 | |||||||
| Net loss available to common stockholders, diluted: | (5,235) | (6,838) | (215) | (333) | (2,887) | (4,064) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (5,235) | (6,838) | (215) | (2,733) | (2,887) | (4,064) | ||
| Other comprehensive income (loss) | 46 | (143) | 114 | |||||
| Other undisclosed comprehensive income (loss) | 84 | (143) | 372 | |||||
| Comprehensive loss: | (5,189) | (6,754) | (358) | (2,619) | (3,029) | (3,692) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 0 | 0 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (5,189) | (6,754) | (358) | (2,619) | (3,029) | (3,692) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.