Lightstone Value Plus REIT I, Inc. (LHTV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
C/O THE LIGHTSTONE GROUP 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)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 12,211 | 39,405 | 44,446 | 132,307 | 35,565 | 116,434 | |||
| Cash and cash equivalents | 12,211 | 39,405 | 44,446 | 77,569 | 35,565 | 116,434 | |||
| Short-term investments | 54,738 | ||||||||
| Restricted cash and investments | |||||||||
| Total current assets: | 12,211 | 39,405 | 44,446 | 132,307 | 35,565 | 116,434 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 375,390 | 352,824 | 320,284 | 33,068 | 46,912 | 51,835 | |||
| Intangible assets, net (including goodwill) | 337 | ||||||||
| Intangible assets, net (excluding goodwill) | 337 | ||||||||
| Total noncurrent assets: | 375,390 | 352,824 | 320,284 | 33,068 | 46,912 | 52,172 | |||
| Other undisclosed assets | 122,293 | 73,423 | 137,511 | 320,805 | 393,732 | 351,068 | |||
| TOTAL ASSETS: | 509,894 | 465,652 | 502,241 | 486,180 | 476,209 | 519,674 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,800 | ||||||||
| Accrued liabilities | 3,800 | ||||||||
| Total current liabilities: | 3,800 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 279,320 | 181,427 | 206,058 | 174,407 | 177,968 | 204,304 | |||
| Total liabilities: | 283,120 | 181,427 | 206,058 | 174,407 | 177,968 | 204,304 | |||
| Equity | |||||||||
| Equity, attributable to parent | 214,441 | 261,679 | 259,889 | 282,942 | 283,837 | 297,168 | |||
| Common stock | 218 | 222 | 223 | 226 | 237 | 248 | |||
| Additional paid in capital | 164,331 | 168,363 | 169,649 | 172,749 | 184,469 | 194,497 | |||
| Accumulated other comprehensive income (loss) | (159) | (40) | 378 | 408 | (2,251) | 15,467 | |||
| Retained earnings | 50,051 | 93,134 | 89,639 | 109,559 | 101,382 | 86,956 | |||
| Equity, attributable to noncontrolling interest | 12,333 | 22,546 | 36,294 | 28,831 | 14,404 | 18,202 | |||
| Total equity: | 226,774 | 284,225 | 296,183 | 311,773 | 298,241 | 315,370 | |||
| TOTAL LIABILITIES AND EQUITY: | 509,894 | 465,652 | 502,241 | 486,180 | 476,209 | 519,674 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,999 | 10,353 | 11,260 | 15,165 | 21,247 | 41,078 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 18,633 | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 41,078 | |
| Operating lease, lease income | 10,214 | 10,972 | 14,137 | ✕ | ✕ | |||
| Cost of revenue | (8,937) | (3,552) | (3,243) | (3,894) | (6,889) | (22,938) | ||
| Cost of goods and services sold | (20,444) | |||||||
| Gross profit: | 6,062 | 6,801 | 8,017 | 11,271 | 14,358 | 18,140 | ||
| Operating expenses | (10,336) | (20,363) | (8,379) | (9,270) | (12,808) | (17,826) | ||
| Operating income (loss): | (4,274) | (13,562) | (362) | 2,001 | 1,550 | 314 | ||
| Nonoperating income | 6,271 | 13,542 | 14,687 | 17,925 | 26,326 | 31,456 | ||
| Investment income, nonoperating | 10,272 | 17,701 | 14,570 | 17,815 | 26,144 | 31,561 | ||
| Operating lease, initial direct cost expense, over term | (4,001) | (4,159) | ✕ | ✕ | ||||
| Interest and debt expense | (5,252) | (2,565) | (2,978) | (1,674) | (9,493) | (13,636) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,255) | (2,585) | 11,347 | 18,252 | 18,383 | 18,134 | ||
| Loss from equity method investments | ||||||||
| Income (loss) from continuing operations before income taxes: | (3,255) | (2,585) | 11,347 | 18,252 | 18,383 | 18,134 | ||
| Other undisclosed income (loss) from continuing operations | (12,434) | (4,573) | 3,146 | |||||
| Income (loss) from continuing operations: | (3,255) | (2,585) | (1,087) | 13,679 | 18,383 | 21,280 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (2,585) | (1,087) | 27,160 | 18,383 | 21,280 | |
| Income from discontinued operations | 13,481 | |||||||
| Other undisclosed net income (loss) | (22,769) | 26,548 | (1,311) | |||||
| Net income (loss): | (26,024) | 23,963 | (1,087) | 27,160 | 17,072 | 21,280 | ||
| Net loss attributable to noncontrolling interest | (1,690) | (4,880) | (3,202) | (2,910) | (1,178) | (1,097) | ||
| Net income (loss) available to common stockholders, diluted: | (27,714) | 19,083 | (4,289) | 24,250 | 15,894 | 20,183 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (26,024) | 23,963 | (1,087) | 27,160 | 17,072 | 21,280 | ||
| Other comprehensive income (loss) | (122) | (427) | (21) | 2,716 | (2,288) | (600) | ||
| Comprehensive income (loss): | (26,146) | 23,536 | (1,108) | 29,876 | 14,784 | 20,680 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1,689) | (4,871) | (3,211) | (2,967) | (1,132) | (984) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (27,835) | 18,665 | (4,319) | 26,909 | 13,652 | 19,696 | ||
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.