Lightstone Value Plus Real Estate Investment Trust II, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 02:28 am IST
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Lightstone Value Plus Real Estate Investment Trust II, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 13.46 million compared to USD 14.65 million a year ago. Net income was USD 4.86 million compared to USD 0.298 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.02 a year ago.
For the nine months, sales was USD 41.69 million compared to USD 33.81 million a year ago. Net income was USD 10.76 million compared to net loss of USD 4.99 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to basic loss per share from continuing operations of USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.62 compared to diluted loss per share from continuing operations of USD 0.29 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. 
