Mon, May 12, 6:13 PM (40 days ago)
**Lightstone Value Plus REIT V, Inc. (LVP)** **Q1 2025 Financial Summary** **Financial Health:** - **Total Assets:** $447.5 million (Mar 31, 2025) vs. $466.0 million (Dec 31, 2024) - **Total Liabilities:** $300.8 million (Mar 31, 2025) vs. $332.4 million (Dec 31, 2024) - **Stockholders' Equity:** $146.7 million (Mar 31, 2025) vs. $133.7 million (Dec 31, 2024) **Performance Metrics:** - **Net Income:** $15.0 million (Q1 2025) vs. $(2.5) million (Q1 2024) - **Earnings per Share (EPS):** $0.80 (Q1 2025) vs. $(0.13) (Q1 2024) - **Funds from Operations (FFO):** $1.2 million (Q1 2025) vs. $1.3 million (Q1 2024) - **Modified Funds from Operations (MFFO):** $1.5 million (Q1 2025) vs. $2.0 million (Q1 2024) **Revenue:** - **Rental Revenues:** $13.6 million (Q1 2025) vs. $12.4 million (Q1 2024) - **Total Revenues:** $13.6 million (Q1 2025) vs. $12.4 million (Q1 2024) **Profit Margins:** - **Gross Margin:** 72.8% (Q1 2025) vs. 71.8% (Q1 2024) - **Operating Margin:** 11.8% (Q1 2025) vs. 2.5% (Q1 2024) **Cash Flow:** - **Net Cash from Operating Activities:** $(1.0) million (Q1 2025) vs. $1.2 million (Q1 2024) - **Net Cash from Investing Activities:** $58.6 million (Q1 2025) vs. $1.2 million (Q1 2024) - **Net Cash from Financing Activities:** $(30.6) million (Q1 2025) vs. $(2.4) million (Q1 2024) **Earnings Changes:** - **Year-over-Year (YoY) Change in Net Income:** $17.5 million - **Quarter-over-Quarter (QoQ) Change in Net Income:** $17.5 million **Quarterly Performance Discussion:** - **Acquisitions:** Discovery at Space Coast Apartments acquired in Q4 2024. - **Dispositions:** Autumn Breeze Apartments sold in Q1 2025, resulting in a $18.1 million gain. - **Occupancy Rates:** Improved occupancy rates for most properties. - **Rental Rates:** Effective monthly rental rates varied by property, with some increases and decreases. **Trends:** - **Positive:** Improved net income, increased rental revenues, and higher occupancy rates. - **Negative:** Decreased cash flow from operations and increased cash used in financing activities. **Uncertainties:** - **Economic Conditions:** Potential impacts from inflation, higher interest rates, and economic downturns. - **Debt Maturity:** Upcoming debt maturities and refinancing needs. - **Market Conditions:** Dependence on real estate market conditions for property values and rental rates. **Future Operations Impact:** - **Debt Management:** Plans to refinance maturing mortgage debt. - **Liquidity:** Adequate liquidity with cash, cash equivalents, and marketable securities. - **Growth:** Potential for selective acquisitions and asset sales. **Ticker:** LVP