Overview
- IndustryReal Estate Investment Trusts1
- HeadquartersLakewood, New Jersey1
- Incorporated inMD2
- Business address1985 Cedar Bridge Avenue, Suite 1, Lakewood, Nj 087012
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Lightstone REIT II, its Operating Partnership or the Company as required by the context in which such pronoun is used.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$47.7M
Out of $47.7M in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $75.3M6 | $30.9M7 | $48.0M8 | $55.3M9 | $53.6M10 | $48.8M5 | $47.7M5 |
| Operating expenses | $50.9M8 | $55.2M9 | $56.4M10 | $46.5M5 | $47.1M5 | ||
| Operating income | $5.9M6 | -$13.8M7 | -$2.9M7 | ||||
| Interest | $8.9M6 | $6.1M7 | $6.0M8 | $6.7M9 | $9.7M9 | ||
| Income tax | $200.0K9 | $1.6M10 | $100.0K10 | ||||
| Net income | $5.7M6 | -$21.3M7 | -$5.3M8 | $8.8M9 | -$11.5M10 | -$4.8M5 | -$6.0M5 |
| Earnings per share | $0.519 | -$0.6710 | -$0.295 | -$0.385 | |||
| Earnings per share (diluted) | $0.519 | -$0.6710 | -$0.295 | -$0.385 | |||
| Shares (weighted, basic) | 17.2M shares9 | 17.1M shares10 | 16.4M shares5 | 16.0M shares5 | |||
| Shares (weighted, diluted) | 17.2M shares9 | 17.1M shares10 | 16.4M shares5 | 16.0M shares5 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash | $21.2M6 | $15.3M7 | $15.1M8 | $42.2M9 | $36.2M10 | $27.1M5 | $25.0M5 |
| Total assets | $293.4M6 | $268.6M7 | $260.7M8 | $245.4M9 | $209.4M10 | $193.9M5 | $178.7M5 |
| Total liabilities | $152.7M6 | $150.8M7 | $149.3M8 | $126.6M9 | $109.3M10 | $109.2M5 | $106.7M5 |
| Retained earnings | -$46.5M8 | -$37.7M9 | -$54.3M10 | -$64.0M5 | -$74.8M5 | ||
| Shareholders’ equity | $128.4M6 | $106.2M7 | $100.0M8 | $107.5M9 | $89.1M10 | $73.6M5 | $61.0M5 |
| Shares outstanding | 17.5M shares6 | 17.4M shares7 | 17.3M shares8 | 17.2M shares9 | 17.0M shares10 | 16.1M shares5 | 15.9M shares5 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | $8.4M6 | -$5.8M7 | -$416.0K8 | $2.3M9 | $654.0K10 | $1.2M5 | -$713.0K5 |
| Depreciation and amortization | $10.4M8 | $7.9M9 | $6.7M10 | $5.8M5 | $5.3M5 | ||
| Cash from investing | -$3.1M8 | $45.5M9 | $21.1M10 | $859.0K5 | $5.4M5 | ||
| Dividends paid | $12.4M6 | $3.1M7 | $07 | ||||
| Share buybacks | $3.6M6 | $825.0K7 | $793.0K8 | $1.4M9 | $1.8M10 | $5.8M5 | $1.8M5 |
| Cash from financing | $2.0M8 | -$22.2M9 | -$23.6M10 | -$10.8M5 | -$10.6M5 | ||
| Dividend per share | $0.706 |
Compare Lightstone Value Plus REIT II, Inc. with another company
Corporate structure
Lightstone Value Plus REIT II, Inc. sits at the top of its group. 35 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- Lightstone Value Plus REIT II, Inc. Lakewood, New Jersey
- Brownmill, LLC Subsidiary · Delaware, United States
- LVP AP Airport Holding Corp. Subsidiary · Delaware, United States
- LVP AP Airport Holdings LLC Subsidiary · Delaware, United States
- LVP AP Airport LLC Subsidiary · Delaware, United States
- LVP CY Willoughby Holding Corp. Subsidiary · Delaware, United States
- LVP CY Willoughby Holdings LLC Subsidiary · Delaware, United States
- LVP CY Willoughby LLC Subsidiary · Delaware, United States
- LVP East Rutherford Holding Corp. Subsidiary · Delaware, United States
- LVP East Rutherford Loan Acquisition LLC Subsidiary · Delaware, United States
- LVP FFI Des Moines Holding Corp. Subsidiary · Delaware, United States
- LVP FFI Des Moines Holdings LLC Subsidiary · Delaware, United States
- LVP FFI Des Moines LLC Subsidiary · Delaware, United States
- LVP FFI East Rutherford Holding Corp Subsidiary · Delaware, United States
- LVP FPS Airport Holding Corp. Subsidiary · Delaware, United States
- LVP FPS Airport Holdings LLC Subsidiary · Delaware, United States
- LVP FPS Airport LLC Subsidiary · Delaware, United States
- LVP HP New Orleans Holding Corp. Subsidiary · Delaware, United States
- LVP HP New Orleans Holdings LLC Subsidiary · Delaware, United States
- LVP HP New Orleans LLC Subsidiary · Delaware, United States
- LVP LIC Hotel JV LLC Subsidiary · Delaware, United States
- LVP PHL Land Holdings LLC Subsidiary · Delaware, United States
- LVP PHL Land LLC Subsidiary · Delaware, United States
- LVP RI Needham Holding Corp. Subsidiary · Delaware, United States
- LVP RI Needham Holdings LLC Subsidiary · Delaware, United States
- LVP RI Needham LLC Subsidiary · Delaware, United States
- and 9 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Lightstone Value Plus REIT II, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $132.9M5 Dec 31, 2025 | $137.8M5 Dec 31, 2024 | −3.6% |
| Real estate investments, at cost | $201.4M5 Dec 31, 2025 | $202.1M5 Dec 31, 2024 | −0.4% |
| Real estate accumulated depreciation | $68.5M5 Dec 31, 2025 | $64.3M5 Dec 31, 2024 | +6.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $25.0M5 Dec 31, 2025 | $27.1M5 Dec 31, 2024 | −8.1% |
| Debt securities available for sale | $10.1M5 Dec 31, 2025 | $10.2M5 Dec 31, 2024 | −0.6% |
| Stakes in other companies (equity method) | $7.5M5 Dec 31, 2025 | $11.1M5 Dec 31, 2024 | −32.5% |
Properties, in its own words
As of December 31, 2025, we (i) majority owned and consolidated the operating results and financial condition of 10 limited-service hotels containing a total of 1,352 rooms, (ii) held an unconsolidated 48.6% membership interest in the Brownmill Joint Venture, an affiliated real estate entity that owns two retail properties, and (iii) held an unconsolidated 50% membership interest in the Hilton Garden Inn Joint Venture, an affiliated real estate entity that owns and operates one limited-service hotel. We account for our membership interests in the Brownmill Joint Venture and the Hilton Garden Inn Joint Venture under the equity method of accounting.
The Brownmill Joint Venture owns Browntown Shopping Center, located in Old Bridge, New Jersey, and Millburn Mall, located in Vauxhall, New Jersey. The Brownmill Joint Venture is between us and LGH, a wholly-owned subsidiary of the Sponsor, and a related party. We and LGH have 48.6% and 51.4% membership interests in the Brownmill Joint Venture, respectively. The Hilton Garden Inn Joint Venture owns the Hilton Garden Inn – Long Island City, a 183-room, limited-service hotel located in the Long Island City neighborhood in the Queens borough of New York City. The Hilton Garden Inn Joint Venture is between us and Lightstone REIT III, a related party REIT, which is sponsored by the Sponsor. We and Lightstone REIT III each have a 50% membership interest in the Hilton Garden Inn Joint Venture.
The rest of Item 2
As of December 31, 2025, five of our consolidated limited-service hotels are held in the Hotel Joint Venture, a joint venture formed between us and Lightstone REIT I, a related party REIT which is sponsored by the Sponsor. We and Lightstone REIT I have 97.5% and 2.5% membership interests in the Hotel Joint Venture, respectively. Additionally, as of December 31, 2025, one of our consolidated limited-service hotels also has ownership interests held by unrelated minority owners. The membership interests of Lightstone REIT I and the unrelated minority owners are accounted for as noncontrolling interests in our consolidated financial statements.
Consolidated Properties:
Available Rooms for the Year Ended · Percentage Occupied for the Year Ended · RevPAR for the Year Ended · ADR for the Year Ended
Hospitality - Limited-Service Hotel · Location · Year Built · Rooms · December 31, 2025 · December 31, 2025 · December 31, 2025 · December 31, 2025
Fairfield Inn - East Rutherford · East Rutherford, New Jersey · 1990 · 141 · 51,465 · 73 · 107.69 · 148.27
Aloft - Tucson · Tucson, Arizona · 1971 · 154 · 56,210 · 58 · 91.88 · 157.74
Aloft - Philadelphia · Philadelphia, Pennsylvania · 2008 · 136 · 49,640 · 67 · 75.32 · 113.73
Four Points by Sheraton - Philadelphia · Philadelphia, Pennsylvania · 1985 · 177 · 64,605 · 50 · 57.67 · 114.81
Courtyard - Willoughby · Willoughby, Ohio · 1999 · 90 · 32,850 · 72 · 98.35 · 136.12
Fairfield Inn - DesMoines · West Des Moines, Iowa · 1997 · 102 · 37,230 · 55 · 60.29 · 109.25
SpringHill Suites - DesMoines · West Des Moines, Iowa · 1999 · 97 · 35,405 · 57 · 64.23 · 113.04
Courtyard - Parsippany · Parsippany, New Jersey · 2001 · 151 · 55,115 · 62 · 87.00 · 140.17
Hyatt Place - New Orleans · New Orleans, Louisiana · 1996 · 172 · 62,780 · 61 · 106.90 · 175.95
Residence Inn - Needham · Needham, Massachusetts · 2013 · 132 · 48,180 · 80 · 143.37 · 179.12
Total · 1,352 · 493,480 · 63 · 89.96 · 142.78
Unconsolidated Affiliated Entities:
Retail · Location · Year Built · Leasable Square Feet · Percentage Occupied as of December 31, 2025 · Annualized Revenue based on Rents as of December 31, 2025 · Annualized Revenue per Square Foot as of December 31, 2025
Browntown Shopping Center and Millburn Mall · Old Bridge and Vauxhall, New Jersey · 1962 · 156,028 · 92 · 3.1 million · 20.14
Available Rooms for the Year Ended · Percentage Occupied for the Year Ended · RevPAR for the Year Ended · ADR for the Year Ended
Hospitality - Limited-Service Hotel · Location · Year Built · Rooms · December 31, 2025 · December 31, 2025 · December 31, 2025 · December 31, 2025
Hilton Garden Inn - Long Island City · Long Island City, New York · 2014 · 183 · 66,795 · 84 · 192.10 · 227.36
Annualized revenue is defined as the minimum monthly payments due as of December 31, 2025 annualized, excluding periodic contractual fixed increases and rents calculated based on a percentage of tenants’ sales. The annualized base rent disclosed in the table above includes all concessions, abatements and reimbursements of rent to tenants.
The following information generally applies to our investments in our real estate properties:
● · we believe our real estate properties are adequately covered by insurance and suitable for their intended purpose;
● · our real estate properties are located in markets where we are subject to competition; and
● · depreciation is provided on a straight-line basis over the estimated useful life of the applicable improvements.
Item 2 of the 10-K filed Mar 30, 2026.4
Leadership
Who has led Lightstone Value Plus REIT II, Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- PresidentPeyton H. Owen Jul 28, 2010 to Jul 28, 201013
- Chief financial officerDonna Brandin Jul 28, 2010 to Jul 28, 201014
- Chief operating officerPeyton H. Owen Jul 28, 2010 to Jul 28, 201013
Board members and other officers (6)
- SecretaryVinck Bruno De Jul 28, 2010 to Jul 28, 201015
- Board memberEdwin J. Glickman Jul 28, 2010 to Jul 28, 201016
- Board memberGeorge R. Whittemore Jul 28, 2010 to Jul 28, 201017
- Board memberShawn R. Tominus Jul 28, 2010 to Jul 28, 201018
- Board memberVinck Bruno De Jul 28, 2010 to Jul 28, 201015
- General counselJoseph E. Teichman Jul 28, 2010 to Jul 28, 201019
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Brownmill, LLC Delaware3
- LVP AP Airport Holding Corp. Delaware3
- LVP AP Airport Holdings LLC Delaware3
- LVP AP Airport LLC Delaware3
- LVP CY Willoughby Holding Corp. Delaware3
- LVP CY Willoughby Holdings LLC Delaware3
- LVP CY Willoughby LLC Delaware3
- LVP East Rutherford Holding Corp. Delaware3
- LVP East Rutherford Loan Acquisition LLC Delaware3
- LVP FFI Des Moines Holding Corp. Delaware3
- LVP FFI Des Moines Holdings LLC Delaware3
- LVP FFI Des Moines LLC Delaware3
- LVP FFI East Rutherford Holding Corp Delaware3
- LVP FPS Airport Holding Corp. Delaware3
- LVP FPS Airport Holdings LLC Delaware3
- LVP FPS Airport LLC Delaware3
- LVP HP New Orleans Holding Corp. Delaware3
- LVP HP New Orleans Holdings LLC Delaware3
- LVP HP New Orleans LLC Delaware3
- LVP LIC Hotel JV LLC Delaware3
- LVP PHL Land Holdings LLC Delaware3
- LVP PHL Land LLC Delaware3
- LVP RI Needham Holding Corp. Delaware3
- LVP RI Needham Holdings LLC Delaware3
All 35 listed subsidiaries
- LVP RI Needham LLC Delaware3
- LVP SHS Des Moines Holding Corp. Delaware3
- LVP SHS Des Moines Holdings LLC Delaware3
- LVP SHS Des Moines LLC Delaware3
- LVP Tucson Holding Corp. Delaware3
- LVP Tucson Holdings LLC Delaware3
- LVP Tucson LLC Delaware3
- LVP WVTC Holding Corp. Delaware3
- LVP WVTC Holdings LLC Delaware3
- LVP WVTC LLC Delaware3
- Lightstone Value Plus REIT II, LP Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- LIGHTSTONE VALUE PLUS REAL ESTATE INVESTMENT TRUST II INCJun 9, 2008 to Aug 16, 20212
Timeline
- Dec 9, 20258-K Shareholder vote20
- Dec 12, 20248-K Shareholder vote21
- Apr 24, 20248-K Other events22
- Dec 15, 20238-K Other events23
- Nov 22, 20238-K Other events24
- Jul 26, 20238-K Completed an acquisition or sale25
- Jan 23, 20238-K Bylaws or fiscal year changed; Shareholder vote26
- Dec 14, 20228-K Shareholder vote27
- Dec 17, 20218-K Shareholder vote28
Filings
72 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 9 major events, 43 other. The latest 20:
- Oct 1, 2026ARS EDGAR
- Oct 1, 2026DEF 14A EDGAR
- Aug 14, 202610-Q EDGAR
- May 14, 202610-Q EDGAR
- Mar 30, 202610-K EDGAR
- Dec 9, 20258-K EDGAR
- Nov 14, 202510-Q EDGAR
- Oct 2, 2025ARS EDGAR
- Oct 2, 2025DEF 14A EDGAR
- Aug 14, 202510-Q EDGAR
- May 14, 202510-Q EDGAR
- Mar 26, 202510-K EDGAR
- Dec 12, 20248-K EDGAR
- Nov 14, 202410-Q EDGAR
- Oct 10, 2024ARS EDGAR
- Oct 10, 2024DEF 14A EDGAR
- Aug 14, 202410-Q EDGAR
- Jun 25, 2024SC TO-I/A EDGAR
- Jun 18, 2024SC TO-I/A EDGAR
- Jun 18, 2024SC TO-T/A EDGAR
The 72 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How Lightstone Value Plus REIT II, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARLightstone Value Plus REIT II, Inc.1
- CIK0001436975
- Employer ID (EIN)83-05112234
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inMaryland4
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address1985 Cedar Bridge Avenue, Suite 1, Lakewood, NJ 087011
- Phone732 367 01291
- Shares outstanding15,800,000 as of Aug 7, 202612
- Public float$0 as of Jun 30, 20255
- AuditorEisnerAmper LLP, New York, New York PCAOB ID 274; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 9, 20081
- Filings321 in all: 8-K (66), 10-Q (53), 424B3 (29), CORRESP (21), UPLOAD (21), 10-K (18), DEF 14A (17), POS AM (13)1
All 27 form types
EFFECT (12), S-11/A (12), 3 (8), 8-K/A (8), SC TO-I/A (7), FWP (6), PRE 14A (5), ARS (3), DEFA14A (3), SC TO-C (3), SC TO-T/A (3), S-11 (2), SC 14D9 (2), SC 14D9/A (2), SC TO-I (2), SC TO-T (2), 10-K/A (1), 8-A12G (1), S-3D (1)
- Latest filingsAnnual report (10-K) Mar 30, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Oct 1, 2026
Latest 8-K (8-K) Dec 9, 2025
Risk factors and legal proceedings
Legal proceedings
From time to time in the ordinary course of business, we may become subject to legal proceedings, claims or disputes.
As of the date hereof, we are not a party to any material pending legal proceedings of which the outcome is probable or reasonably possible to have a material adverse effect on our results of operations or financial condition, which would require accrual or disclosure of the contingency and possible range of loss. Additionally, we have not recorded any loss contingencies related to legal proceedings in which the potential loss is deemed to be remote.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARPeyton H. Owen, President
- 14
- 15SEC EDGARVinck Bruno De, Secretary
- 16SEC EDGAREdwin J. Glickman, Board member
- 17SEC EDGARGeorge R. Whittemore, Board member
- 18SEC EDGARShawn R. Tominus, Board member
- 19SEC EDGARJoseph E. Teichman, General counsel
- 20SEC EDGARShareholder vote
- 21SEC EDGARShareholder vote
- 22SEC EDGAROther events
- 23SEC EDGAROther events
- 24SEC EDGAROther events
- 25SEC EDGARCompleted an acquisition or sale
- 26
- 27SEC EDGARShareholder vote
- 28SEC EDGARShareholder vote