Lightstone Value Plus REIT III, Inc. (LVVR)

LVVR Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	28.38	29.88	29.09	28.31	21.78
Other Revenue	-0.52	-2.12	-3.31	0	-0.33
Total Revenue	27.86	27.76	25.78	28.31	21.45
Revenue Growth (YoY	0.37%	7.66%	-8.95%	32.03%	77.64%
Property Expenses	22.05	21.79	21.19	19.41	15.19
Selling, General & Administrative	2.91	2.88	2.61	2.62	2.46
Depreciation & Amortization	3.21	3.32	4.11	4.87	5.11
Total Operating Expenses	28.18	28	27.9	26.9	22.76
Operating Income	-0.32	-0.24	-2.12	1.42	-1.32
Interest Expense	-4.71	-5.25	-5.36	-3.42	-2.95
Other Non-Operating Income	0.4	0.26	0.64	-0.11	0.06
EBT Excluding Unusual Items	-4.63	-5.24	-6.84	-2.11	-4.2
Other Unusual Items	-	-	-	1.89	1.47
Pretax Income	-4.63	-5.24	-6.84	-0.22	-2.73
Earnings From Continuing Operations	-4.63	-5.24	-6.84	-0.22	-2.73
Net Income	-4.63	-5.24	-6.84	-0.22	-2.73
Net Income to Common	-4.63	-5.24	-6.84	-0.22	-2.73
Basic Shares Outstanding	13	13	13	13	13
Diluted Shares Outstanding	13	13	13	13	13
Shares Change (YoY)	-0.98%	-0.63%	-0.86%	-1.02%	-0.14%
EPS (Basic)	-0.36	-0.41	-0.53	-0.02	-0.21
EPS (Diluted)	-0.36	-0.41	-0.53	-0.02	-0.21
Dividend Per Share	-	-	0.300	-	-
Operating Margin	-1.14%	-0.86%	-8.22%	5.00%	-6.15%
Profit Margin	-16.61%	-18.86%	-26.52%	-0.76%	-12.74%
EBITDA	2.89	3.08	1.99	6.28	3.8
EBITDA Margin	10.38%	11.10%	7.71%	22.18%	17.70%
D&A For Ebitda	3.21	3.32	4.11	4.87	5.11
EBIT	-0.32	-0.24	-2.12	1.42	-1.32
EBIT Margin	-1.14%	-0.86%	-8.22%	5.00%	-6.15%
Funds From Operations (FFO)	0.4	0.25	-0.79	5.87	3.63
Adjusted Funds From Operations (AFFO)	0.4	0.25	-0.79	5.87	3.63
FFO Payout Ratio	-	389.56%	-	-	-

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.