Lightstone Value Plus REIT IV, Inc. — Cyborg Score 3/10
Challenged
Non-traded REITs and hotel real estate
Strategic Profile
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. As of December 31, 2025, the board approved an estimated net asset value of $76.4 million, or $9.38 per common share.
Cyborg Score Rationale
The company reported a net loss attributable to common shares of $2.8 million for the quarter ended March 31, 2026. Debt includes a large variable-rate mortgage and $14.4 million of deeply subordinated sponsor advances that receive no value in the current NAV. The small portfolio and leverage structure create significant financial headwinds.
Top Insights
The Williamsburg Moxy Hotel increased occupancy to 87% and RevPAR to $168.59 in Q1 2026, with hotel revenues stable at $5.0 million.
Variable-rate mortgage debt of $70.1 million and $14.4 million in sponsor advances create interest rate and refinancing risk.
Total assets were $138.1 million and total equity $21.9 million at Q1 2026 quarter end, reflecting cumulative losses.
The company is covered by zero analysts, with no earnings or revenue estimates provided by coverage.
Named Competitors
Hotel REITs — Publicly-traded hotel real estate investment trusts
Non-Traded REITs — Sponsor-managed real estate funds and non-traded REITs
Recent Developments
(Q1 2026) Reported net loss of $2.8 million; Moxy Hotel occupancy improved to 87% with RevPAR of $168.59
(December 2025) Board approved NAV of $76.4 million or $9.38 per share
(May 2026) Q1 2026 10-Q filing showed cash position of $14.8 million and continued covenant compliance on mortgage
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