Lightstone Value Plus Real Estate Investment Trust Ii, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 14, 2021 at 09:58 pm IST
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Lightstone Value Plus Real Estate Investment Trust II, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced operating loss was USD 3.343 million compared to USD 1.476 million a year ago. Net loss was USD 4.644 million compared to USD 3.851 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to USD 0.22 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. 
