Lightstone REIT IV Confirms Filing Compliance, Status as Smaller Reporter

TL;DR

**LTSV is playing by the rules, but this filing is all admin, no financial meat – stay neutral until we see the numbers.**

AI Summary

Lightstone Value Plus REIT IV, Inc. (LTSV) filed its 10-Q for the quarter ended June 30, 2025, indicating it is a non-accelerated filer and a smaller reporting company. The filing confirms the company has met all Section 13 or 15(d) reporting requirements for the preceding 12 months and has submitted all required Interactive Data Files. The company's business address is 1985 Cedar Bridge Avenue, Suite 1, Lakewood, New Jersey, 08701, with a business phone of 732-367-0129. No specific revenue or net income figures were provided in the excerpt, nor were key business changes or strategic outlook details. The primary focus of the provided text is on the company's filing status and administrative details rather than financial performance. The company was formerly known as Lightstone Real Estate Income Trust Inc. until a name change on September 11, 2014. The filing does not disclose any securities registered pursuant to Section 12(b) of the Act.

Why It Matters

For investors, this filing confirms Lightstone Value Plus REIT IV, Inc.'s adherence to SEC reporting obligations, a basic but crucial indicator of corporate governance. Its status as a non-accelerated and smaller reporting company suggests it may have fewer resources than larger competitors, potentially impacting its ability to scale or attract institutional investment. This compliance provides a foundational level of trust for current and prospective shareholders, ensuring transparency in its administrative operations, though financial specifics are absent from this excerpt. The competitive landscape for REITs demands robust reporting, and LTSV's consistent filings are a positive, albeit limited, signal.

Risk Assessment

Risk Level: low — The risk level is low based on the provided excerpt because it primarily confirms administrative compliance. Lightstone Value Plus REIT IV, Inc. has filed all required reports under Section 13 or 15(d) for the preceding 12 months and submitted all Interactive Data Files, indicating good standing with regulatory requirements. There are no financial figures or operational risks disclosed in this specific text.

Analyst Insight

Investors should view this filing as a baseline confirmation of regulatory compliance, not a signal for investment action. Await the full financial statements within the 10-Q to assess revenue, net income, and operational performance before making any investment decisions regarding Lightstone Value Plus REIT IV, Inc.

Financial Highlights

debt To Equity

N/A

revenue

$0

operating Margin

N/A

total Assets

$0

total Debt

$0

net Income

$0

eps

$0

gross Margin

N/A

cash Position

$0

revenue Growth

N/A

Key Players & Entities

• Lightstone Value Plus REIT IV, Inc. (company) — Registrant filing the 10-Q
• SEC (regulator) — United States Securities and Exchange Commission
• Lightstone Real Estate Income Trust Inc. (company) — Former name of the registrant
• June 30, 2025 (date) — End of the quarterly period reported
• August 12, 2025 (date) — Date the 10-Q was filed
• 000-55773 (regulator) — Commission file number
• 1985 Cedar Bridge Avenue, Suite 1, Lakewood, New Jersey, 08701 (company) — Business address of the registrant
• 732-367-0129 (company) — Registrant's telephone number
• September 11, 2014 (date) — Date of name change for the registrant

FAQ

Industry Context

Lightstone Value Plus REIT IV, Inc. operates within the Real Estate Investment Trusts (REITs) sector, specifically focusing on income-generating properties. This sector is sensitive to interest rate movements, economic growth, and real estate market cycles. REITs compete for capital and properties, with performance often tied to effective asset management and strategic portfolio allocation.

Regulatory Implications

As a non-accelerated filer and smaller reporting company, LTSV is subject to standard SEC reporting requirements but benefits from scaled disclosures. Compliance with Section 13 or 15(d) of the Exchange Act is critical to maintain its public reporting status. The company's adherence to filing all required reports and interactive data files demonstrates its commitment to regulatory compliance.

What Investors Should Do

1. Monitor future 10-Q and 10-K filings for detailed financial performance.
2. Research the company's real estate portfolio and investment strategy.
3. Compare LTSV's performance metrics against industry benchmarks once available.

Key Dates

• 2014-09-11: Name change from Lightstone Real Estate Income Trust Inc. — Marks a rebranding or restructuring event for the company.
• 2025-06-30: Quarterly period end for the 10-Q filing. — Establishes the reporting period for the financial and operational data within the 10-Q.
• 2025-08-12: 10-Q filing date. — Indicates the company has met its reporting obligations for the period.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC) that provides a comprehensive update on a company's financial performance and condition. (This document is the primary source of information for the current analysis.)

Non-accelerated filer

A company that does not meet the criteria for accelerated or large accelerated filer status, typically due to smaller public float and annual revenues. (Indicates LTSV is a smaller public company with potentially less stringent reporting requirements.)

Smaller reporting company

A company that meets certain thresholds for public float and annual revenues, allowing for scaled disclosure requirements. (Further categorizes LTSV as a smaller entity within the public markets.)

Section 13 or 15(d) reporting requirements

Refers to the ongoing reporting obligations for public companies under the Securities Exchange Act of 1934, including filing quarterly (10-Q) and annual (10-K) reports. (Confirms LTSV is compliant with its basic SEC filing duties.)

Interactive Data File (XBRL)

A standardized format for submitting financial information to the SEC, allowing for easier analysis and comparison of data. (Shows LTSV is utilizing modern electronic filing methods.)

REIT

Real Estate Investment Trust, a company that owns, operates, or finances income-generating real estate. (Defines the core business sector of Lightstone Value Plus REIT IV, Inc.)

Year-Over-Year Comparison

This 10-Q filing for the period ended June 30, 2025, does not provide comparative financial data within the excerpt. However, the confirmation of meeting all Section 13 or 15(d) reporting requirements for the preceding 12 months and submitting all Interactive Data Files indicates continued compliance. The absence of specific financial metrics in this summary prevents a direct comparison of revenue growth, margin changes, or new risk factors against prior periods.

Filing Documents

• lvpr410q063025.htm (10-Q) — 486KB
• lvpr4ex31-1.htm (EX-31.1) — 12KB
• lvpr4ex31-2.htm (EX-31.2) — 12KB
• lvpr4ex32-1.htm (EX-32.1) — 4KB
• lvpr4ex32-2.htm (EX-32.2) — 4KB
• 0001185185-25-000944.txt ( ) — 3051KB
• ltsv-20250630.xsd (EX-101.SCH) — 30KB
• ltsv-20250630_cal.xml (EX-101.CAL) — 26KB
• ltsv-20250630_def.xml (EX-101.DEF) — 118KB
• ltsv-20250630_lab.xml (EX-101.LAB) — 235KB
• ltsv-20250630_pre.xml (EX-101.PRE) — 130KB
• lvpr410q063025_htm.xml (XML) — 260KB

Financial Statements (unaudited)

Financial Statements (unaudited) 3 Consolidated Balance Sheets as of June 30, 2025 and December 31, 2024 3 Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024 4 Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended June 30, 2025 and 2024 5 Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 6

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 4.

Controls and Procedures

Controls and Procedures 25 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosures 26 Item 5. Other Information 26 Item 6. Exhibits 26 Table of Contents PART I. FINANCIAL INFORMATION: ITEM 1. FINANCIAL STATEMENTS: LIGHTSTONE VALUE PLUS REIT IV, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except per share data and where indicated in millions) June 30, 2025 December 31, 2024 (unaudited) Assets Investment property: Land and improvements $ 35,845 $ 35,845 Building and improvements 82,740 82,710 Furniture and fixtures 10,523 10,413 Construction in progress 986 - Gross investment property 130,094 128,968 Less accumulated depreciation ( 8,464 ) ( 6,598 ) Net investment property 121,630 122,370 Investment in unconsolidated affiliated real estate entity 5,457 8,358 Cash and cash equivalents 8,116 8,120 Restricted cash 4,595 4,336 Accounts receivable and other assets 1,900 1,813 Total Assets $ 141,698 $ 144,997 Liabilities and Stockholders' Equity Mortgages payable, net $ 92,969 $ 92,416 Accounts payable, accrued expenses and other liabilities 7,612 7,560 Subordinated advances - related party 14,292 14,200 Total Liabilities 114,873 114,176 Commitments and Contingencies Stockholders' Equity: Company's Stockholders' Equity: Preferred stock, $ 0.01 par value; 50.0 million shares authorized, none issued and outstanding - - Common stock, $ 0.01 par value; 200.0 million shares authorized, 8.2 million shares issued and outstanding 82 82 Additional paid-in-capital 68,405 68,796 Accumulated deficit ( 49,766 ) ( 46,943 ) Total Company's Stockholders' Equity 18,721 21,935 Noncontrolling interests 8,104 8,886 Total Stockholders' Equity 26,825 30,821 Total Liabilities and Stockholders' Equity $ 141,698 $ 144,997 The accompanying n

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements (Dollar amounts in thousands, except per share/unit data and where indicated in millions) (unaudited) 1. Business and Structure Lightstone Value Plus REIT IV, Inc. ("Lightstone REIT IV"), is a Maryland corporation, formed on September 9, 2014, which elected to qualify as a real estate investment trust ("REIT") for United States ("U.S.") federal income tax purposes beginning with the taxable year ended December 31, 2016. Lightstone REIT IV, together with its subsidiaries is collectively referred to as the "Company" and the use of "we," "our," "us" or similar pronouns refers to Lightstone REIT IV or the Company as required by the context in which any such pronoun is used. The Company has and currently expects to continue to seek opportunities to invest in real estate and real estate-related investments. The Company's real estate investments may include operating properties and development projects and its real estate-related investment may include mezzanine loans, mortgage loans, bridge loans and preferred equity interests, with a focus on development-related investments, including investments intended to finance development or redevelopment opportunities. The Company may also invest in debt and derivative securities related to real estate assets. A portion of the Company's investments may be secured by or related to properties or entities advised by, or wholly or partially, directly or indirectly owned by (i) The Lightstone Group, LLC (the "Sponsor"), which served as our sponsor during our initial public offering (the "Offering"), which terminated on March 31, 2017, (ii) its affiliates and/or (iii) other real estate investment programs it sponsors. Although the Company expects that most of its investments will be of these various types, it may also make other investments. In fact, it may invest in whatever types of investments that it believes are in its best interests. The Company has one operating segment. As

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements (Dollar amounts in thousands, except per share/unit data and where indicated in millions) (unaudited) The Company has no employees. The Company is dependent on the Advisor and certain affiliates of its Sponsor for performing a full range of services that are essential to it, including asset management, property management (excluding its hospitality property, which is managed by unrelated third-party property managers) and acquisition, disposition and financing activities, and other general administrative responsibilities; such as tax, accounting, legal, information technology and investor relations services. If the Advisor and certain affiliates of the Sponsor are unable to provide these services to the Company, it would be required to provide the services itself or obtain the services from other parties. The Company's Common Shares are not currently listed on a national securities exchange. The Company may seek to list its Common Shares for trading on a national securities exchange only if a majority of its independent directors believe listing them would be in the best interest of its stockholders. However, the Company does not intend to list its shares at this time. The Company does not anticipate that there would be any active market for its Common Shares until they are listed for trading. Related Parties The Sponsor, Advisor and their affiliates are related parties of the Company as well as other public REITs also sponsored and/or advised by these entities. Pursuant to the terms of various agreements, certain of these entities are entitled to compensation and reimbursement of costs incurred for services related to the investment, development, management and disposition of the Company's assets. The compensation is generally based on the cost of acquired properties/investments and the annual revenue earned from such properties/investments, and other such fees and expense reimbursements as outlined in each of

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements (Dollar amounts in thousands, except per share/unit data and where indicated in millions) (unaudited) Financial Instruments The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents, restricted cash, accounts receivable and other assets, and accounts payable, accrued expenses and other liabilities approximate their fair values because of the short maturity of these instruments. The estimated fair value our mortgages payable approximated its carrying value because of the floating interest rate. Concentration of Risk As of June 30, 2025 and December 31, 2024, the Company had cash deposited in certain financial institutions in excess of U.S. federally insured levels. The Company regularly monitors the financial stability of these financial institutions and believes that it is not exposed to any significant credit risk with respect to its cash and cash equivalents or restricted cash. Segment Disclosure The Company's operations are reported within one reportable segment and constitutes all of the consolidated entities which are reported in the consolidated financial statements. The Company's chief operating decision maker ("CODM") is the Chief Executive Officer. The CODM assesses entity-wide operating results and performance and decides how to allocate resources based on consolidated net income/loss which is reported on the consolidated statements of operations. Additionally, the measure of segment assets is reported on the consolidated balance sheets as total assets. The revenue, expenses, and net income/loss for the reportable segment are the same as those presented on the consolidated statements of operations. Significant expense categories, including hotel operating expenses, general and administrative costs, depreciation and amortization and interest expense are included on the Company's consolidated statements of operations. New Accounting Pronouncements In Decembe

View Full Filing

View this 10-Q filing on SEC EDGAR