Private company

Lightstone Value Plus REIT V, Inc.

American real estate investment trust, incorporated in Maryland.

Last updated Oct 18, 2026.

Overview

IndustryReal Estate Investment Trusts
HeadquartersMD
Incorporated inMD²
Business address1985 Cedar Bridge Avenue, Suite 1, Lakewood, Nj 08701²
Filer categoryNon-accelerated filer, Smaller reporting company²

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.0%Net margin³

2.3%Revenue growth, 2025³

4.0%Return on equity³

2.40×Debt to equity³

$147.0KFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2025

Other costsInterest

Cost of revenue7¢$3.8M
Other costs47¢$24.3M
Interest34¢$17.6M
Income tax1¢$400.0K
Profit10¢$5.1M

Out of $51.2M in revenue.³

Where each dollar of operating cash went, fiscal 2025

Capital spending

Capital spending96¢$4.0M
Kept or used elsewhere4¢$147.0K

Out of $4.2M of cash from operations.³

Financial statements

Revenue⁴⁵⁶⁷⁸³$51.2M in 2025+38% since 2019

Operating income⁴⁵$931.0K in 2021

Net income⁴⁶⁸³$5.1M in 2025

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Revenue	$37.2M⁴	$40.0M⁵	$43.1M⁶	$47.0M⁷	$49.6M⁸	$50.1M³	$51.2M³
Cost of revenue					$3.6M⁸	$3.6M³	$3.8M³
Operating income	-$208.0K⁴	$2.8M⁵	$931.0K⁵
Interest	$9.2M⁴	$9.6M⁵	$10.6M⁶	$13.7M⁷	$14.2M⁸	$15.3M³	$17.6M³
Income tax				$900.0K⁷	$800.0K⁸	$800.0K³	$400.0K³
Net income	-$7.1M⁴	-$115.0K⁴	$77.3M⁶	-$8.7M⁶	$32.9M⁸	-$11.0M³	$5.1M³
Earnings per share				-$0.43⁷	$1.66⁸	-$0.57³	$0.27³
Earnings per share (diluted)				-$0.43⁷	$1.66⁸	-$0.57³	$0.27³

Total assets⁴⁵⁶⁷⁸³$447.0M in 2025+46% since 2019

Total liabilities⁴⁵⁶⁷⁸³$317.6M in 2025+56% since 2019

Shareholders’ equity⁴⁵⁷⁸³$129.4M in 2025+26% since 2019

Cash⁴⁵⁶⁷⁸³$58.0M in 2025+267% since 2019

Long-term debt¹¹⁴⁵⁶⁷⁸³$310.5M in 2025+69% since 2019

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Cash	$15.8M⁴	$27.1M⁵	$24.4M⁶	$59.6M⁷	$47.1M⁸	$21.4M³	$58.0M³
Total assets	$306.6M⁴	$341.3M⁵	$431.5M⁶	$434.7M⁷	$455.1M⁸	$466.0M³	$447.0M³
Long-term debt	$183.8M¹¹	$213.0M⁴	$277.5M⁵	$290.3M⁶	$287.0M⁷	$323.2M⁸	$310.5M³
Total liabilities	$203.5M⁴	$256.7M⁵	$285.6M⁶	$298.8M⁷	$294.5M⁸	$332.4M³	$317.6M³
Shareholders’ equity	$102.6M⁴	$86.8M⁵	$145.9M⁷	$135.9M⁸	$160.6M³	$133.7M³	$129.4M³
Shares outstanding	22.2M shares⁴	20.2M shares⁵	20.1M shares⁶	20.0M shares⁷	19.6M shares⁸	18.9M shares³	18.3M shares³

Cash from operations⁴⁵⁶⁷⁸³$4.2M in 2025−58% since 2019

Capital spending⁴⁵⁶⁷⁸³$4.0M in 2025−95% since 2019

Free cash flow⁴⁵⁶⁷⁸³$147.0K in 2025

Share buybacks⁴$0 in 2020

Fiscal year	2019	2020	2021	2022	2023	2024	2025
Cash from operations	$9.9M⁴	$5.3M⁵	$10.2M⁶	$8.5M⁷	$5.6M⁸	$6.2M³	$4.2M³
Capital spending	$80.1M⁴	$50.2M⁵	$134.9M⁶	$9.8M⁷	$60.3M⁸	$68.7M³	$4.0M³
Free cash flow	-$70.2M	-$44.9M	-$124.7M	-$1.3M	-$54.7M	-$62.5M	$147.0K
Dividends paid
Share buybacks	$9.6M⁴	$0⁴
Dividend per share

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Leadership

Who has led Lightstone Value Plus REIT V, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

President

Robert S. Aisner2009

Chief financial officer

Chief operating officer

Samuel A. Gillespie2008–2009

2010201520202025

Chief executive officerMitchell C. Hochberg Oct 6, 2017 to Oct 6, 2017¹²
Chief executive officerRobert S. Aisner Apr 30, 2009 to Apr 30, 2009¹³
PresidentRobert S. Aisner Apr 30, 2009 to Apr 30, 2009¹³
Chief financial officerDonna Brandin Jun 26, 2017 to Jun 26, 2017¹⁴
Chief financial officerAndrew J. Bruce Feb 6, 2012 to Feb 6, 2012¹⁵
Chief financial officerKymberlyn Janney Nov 29, 2010 to Nov 29, 2010¹⁶
Chief financial officerGary S. Bresky Apr 30, 2009 to Apr 30, 2009¹⁷
Chief operating officerSamuel A. Gillespie Jul 3, 2008 to Apr 30, 2009¹⁸

Board members and other officers (14)

TreasurerS. Jason Hall Jan 27, 2012 to Jan 27, 2012¹⁹
Executive Vice PresidentMichael D. Cohen Sep 29, 2011 to Feb 15, 2012²⁰
Chief Accounting OfficerBryan A. Sinclair Jan 30, 2009 to Apr 30, 2009²¹
EVP-Corp Dev.,& Lgl & Asst SecGerald J. Reihsen Iii. Apr 30, 2009 to Apr 30, 2009²²
Executive V.P. - Real EstateJon L. Dooley Apr 30, 2009 to Apr 30, 2009²³
Executive Vice PresidentM. Jason Mattox Apr 30, 2009 to Apr 30, 2009²⁴
Board memberMichael D. Cohen Jun 2, 2017 to Jun 2, 2017²⁵
Board memberJeffrey F. Joseph Sep 28, 2017 to Sep 28, 2017²⁶
Board memberSteven Spinola Sep 28, 2017 to Sep 28, 2017²⁷
Board memberAndreas K. Bremer Apr 30, 2009 to Apr 30, 2009²⁸
Board memberCynthia Pharr Apr 30, 2009 to Apr 30, 2009²⁹
Board memberRobert M. Behringer Apr 30, 2009 to Apr 30, 2009³⁰
Board memberRobert S. Aisner Apr 30, 2009 to Jun 2, 2017¹³
Board memberPaddison Diane S. Detering Jun 26, 2009 to Jun 26, 2009³¹

Former names

Lightstone Value Plus Real Estate Investment Trust V, Inc.Jul 24, 2017 to Aug 16, 2021²
Behringer Harvard Opportunity REIT II, Inc.Feb 26, 2007 to Jul 19, 2017²

Timeline

Oct 6, 2017New chief executive Mitchell C. Hochberg becomes CEO¹²
Apr 30, 2009New chief executive Robert S. Aisner becomes CEO¹³

Filings

56 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 23 major events, 13 other. The latest 20:

Sep 15, 20268-K EDGAR
Aug 18, 2026DEFA14A EDGAR
Aug 18, 20268-K EDGAR
Aug 13, 202610-Q EDGAR
Jun 1, 2026ARS EDGAR
Jun 1, 2026DEF 14A EDGAR
May 15, 202610-Q EDGAR
Mar 26, 202610-K EDGAR
Mar 3, 2026SC TO-I/A EDGAR
Feb 18, 2026SC TO-I/A EDGAR
Dec 31, 2025SC TO-I EDGAR
Dec 31, 2025SC TO-C EDGAR
Dec 31, 20258-K EDGAR
Dec 16, 20258-K EDGAR
Nov 14, 202510-Q EDGAR
Nov 10, 20258-K EDGAR
Oct 8, 2025ARS EDGAR
Oct 8, 2025DEF 14A EDGAR
Sep 29, 20258-K EDGAR
Sep 18, 20258-K EDGAR

The 56 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARLightstone Value Plus REIT V, Inc. filings on SEC EDGAR
2
SEC EDGARLightstone Value Plus REIT V, Inc. filings on SEC EDGAR
3
SEC EDGARLightstone Value Plus REIT V, Inc. 10-K for fiscal 2025
4
SEC EDGARLightstone Value Plus REIT V, Inc. 10-K for fiscal 2019
5
SEC EDGARLightstone Value Plus REIT V, Inc. 10-K for fiscal 2020
6
SEC EDGARLightstone Value Plus REIT V, Inc. 10-K for fiscal 2021
7
SEC EDGARLightstone Value Plus REIT V, Inc. 10-K for fiscal 2022
8
SEC EDGARLightstone Value Plus REIT V, Inc. 10-K for fiscal 2023
9
SEC EDGARLightstone Value Plus REIT V, Inc. 10-Q for fiscal 2026
10
SEC EDGARLightstone Value Plus REIT V, Inc. 10-Q for fiscal 2026
11
SEC EDGARLightstone Value Plus REIT V, Inc. 10-K for fiscal 2019
12
SEC EDGARMitchell C. Hochberg, Chief executive officer
13
SEC EDGARRobert S. Aisner, Chief executive officer
14
SEC EDGARDonna Brandin, Chief financial officer
15
SEC EDGARAndrew J. Bruce, Chief financial officer
16
SEC EDGARKymberlyn Janney, Chief financial officer
17
SEC EDGARGary S. Bresky, Chief financial officer
18
SEC EDGARSamuel A. Gillespie, Chief operating officer
19
SEC EDGARS. Jason Hall, Treasurer
20
SEC EDGARMichael D. Cohen, Executive Vice President
21
SEC EDGARBryan A. Sinclair, Chief Accounting Officer
22
SEC EDGARGerald J. Reihsen Iii., EVP-Corp Dev.,& Lgl & Asst Sec
23
SEC EDGARJon L. Dooley, Executive V.P. - Real Estate
24
SEC EDGARM. Jason Mattox, Executive Vice President
25
SEC EDGARMichael D. Cohen, Board member
26
SEC EDGARJeffrey F. Joseph, Board member
27
SEC EDGARSteven Spinola, Board member
28
SEC EDGARAndreas K. Bremer, Board member
29
SEC EDGARCynthia Pharr, Board member
30
SEC EDGARRobert M. Behringer, Board member
31
SEC EDGARPaddison Diane S. Detering, Board member