Lightstone Value Plus Real Estate Investment Trust Ii, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
March 31, 2021 at 02:36 am IST
Share
Lightstone Value Plus Real Estate Investment Trust II, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced operating loss was USD 13.842 million compared to operating Income of USD 5.913 million a year ago. Net loss was USD 21.323 million compared to net income of USD 5.716 million a year ago. Basic loss per share from continuing operations was USD 1.22 compared to basic earnings per share from continuing operations of USD 0.32 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. 
