Wed, Mar 26, 8:45 PM (31 days ago)
### Summary of Lightstone Value Plus REIT II, Inc. (Ticker: LVPR) #### Financial Performance - **Revenue**: $48.8 million for the year ended December 31, 2024, down from $53.6 million in 2023. - **Net Income**: Reported a net loss of $4.8 million for 2024, compared to a net loss of $11.5 million in 2023. - **Operating Expenses**: Total operating expenses were $46.5 million in 2024, down from $56.4 million in 2023. - **Earnings per Share (EPS)**: Basic and diluted EPS was $(0.29) for 2024, compared to $(0.67) in 2023. - **Funds from Operations (FFO)**: $2.5 million for 2024, up from $2.4 million in 2023. - **Modified Funds from Operations (MFFO)**: $2.4 million for 2024, up from $2.3 million in 2023. #### Strategic Overview - **Investment Strategy**: Focuses on acquiring and operating commercial hospitality properties, primarily limited-service hotels, with a secondary interest in retail properties. - **Market Position**: Operates 10 limited-service hotels and has interests in two retail properties and one hotel through joint ventures. - **Future Outlook**: Plans to continue investing in commercial properties and may explore other real estate-related investments. #### Risk Factors - **Market Risks**: Exposure to economic conditions, interest rates, and competition in the hospitality and retail sectors. - **Operational Risks**: Dependence on third-party property managers and advisors for operational and financial management. - **Financial Risks**: Leverage and debt service obligations, including a revolving credit facility with financial covenants. #### Financial Condition - **Liquidity**: $27.1 million in cash, $4.9 million in restricted cash, and $10.2 million in marketable securities as of December 31, 2024. - **Debt**: $101.8 million in mortgage indebtedness, representing 69% of net assets. - **Capital Structure**: No employees; relies on advisors and related parties for management and operational services. #### Market Position Changes - **Dispositions**: Sold two Florida hotels in 2023, recognizing a gain on sale. - **Acquisitions**: No significant acquisitions reported for 2024. #### Other Notable Points - **Distributions**: Declared quarterly distributions of $0.075 per share for 2024, totaling $4.9 million. - **Share Repurchases**: Repurchased 108,287 common shares at an average price of $9.84 per share in 2024. - **Estimated Net Asset Value (NAV)**: $10.89 per share as of December 31, 2024, up from $9.84 in 2023. This summary provides a concise overview of Lightstone Value Plus REIT II, Inc.'s financial performance, strategic initiatives, risk factors, and market position.