Lightstone Value Plus REIT III, Inc.

2023 Q3 Form 10-Q Financial Statement

#000182912623005426 Filed on August 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.30M $18.62M $19.55M
YoY Change -27.6% -4.76% -22.7%
Cash & Equivalents $8.239M $9.310M $17.86M
Short-Term Investments $7.062M $9.308M $1.685M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $3.511M
Other Receivables $0.00
Total Short-Term Assets $96.39M
YoY Change 250.88%
LONG-TERM ASSETS
Property, Plant & Equipment $99.94M
YoY Change -4.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $20.10M $20.58M $22.51M
YoY Change -10.21% -8.6% 74.14%
Other Assets
YoY Change
Total Long-Term Assets $49.13M
YoY Change -59.19%
TOTAL ASSETS
Total Short-Term Assets $96.39M
Total Long-Term Assets $49.13M
Total Assets $133.1M $137.6M $145.5M
YoY Change -8.23% -5.44% -1.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.068M
YoY Change 31.48%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $751.0K
YoY Change -98.82%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.121M
YoY Change -92.35%
LONG-TERM LIABILITIES
Long-Term Debt $60.81M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $60.81M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.121M
Total Long-Term Liabilities $60.81M
Total Liabilities $63.21M $65.65M $65.93M
YoY Change -1.6% -0.44% -16.6%
SHAREHOLDERS EQUITY
Retained Earnings -$52.70M -$50.75M -$44.29M
YoY Change 22.68% 14.58%
Common Stock $129.0K $129.0K $130.0K
YoY Change -0.77% -0.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $57.75M $59.87M $67.49M
YoY Change
Total Liabilities & Shareholders Equity $133.1M $137.6M $145.5M
YoY Change -8.23% -5.44% -1.58%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
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dei City Area Code
CityAreaCode
(732)
dei Local Phone Number
LocalPhoneNumber
367-0129
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
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dei Entity Small Business
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dei Entity Emerging Growth Company
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dei Entity Central Index Key
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dei Amendment Flag
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dei Document Fiscal Year Focus
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dei Document Fiscal Period Focus
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dei Entity Registrant Name
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LIGHTSTONE VALUE PLUS REIT III, INC.
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MD
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us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
1002000 usd
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
293000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7279000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
797000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
865000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
743000 usd
lvpb Distributions Paid To Companys Common Stockholders
DistributionsPaidToCompanysCommonStockholders
975000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1840000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-743000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9081000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1225000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18391000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16639000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9310000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17864000 usd
us-gaap Interest Paid Net
InterestPaidNet
2419000 usd
us-gaap Interest Paid Net
InterestPaidNet
1209000 usd
lvpb Distributions Declared But Not Paid
DistributionsDeclaredButNotPaid
970000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
24000 usd
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
76000 usd
CY2023Q2 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2022Q4 us-gaap Liability For Uncertain Tax Positions Current
LiabilityForUncertainTaxPositionsCurrent
0 usd
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
3314000 usd
CY2023Q2 us-gaap Revenues
Revenues
7966000 usd
CY2022Q2 us-gaap Revenues
Revenues
7986000 usd
us-gaap Revenues
Revenues
14332000 usd
us-gaap Revenues
Revenues
13731000 usd
CY2022Q2 us-gaap Proceeds From Loans
ProceedsFromLoans
900000 usd
us-gaap Proceeds From Loans
ProceedsFromLoans
1100000 usd
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
20577000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
21755000 usd
CY2023Q2 us-gaap Pre Opening Costs
PreOpeningCosts
500000 usd
us-gaap Pre Opening Costs
PreOpeningCosts
2200000 usd
CY2023Q2 lvpb Accrued Loan Fees And Expenses
AccruedLoanFeesAndExpenses
3700000 usd
CY2022Q4 lvpb Accrued Loan Fees And Expenses
AccruedLoanFeesAndExpenses
800000 usd
CY2023Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
9579000 usd
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
2000 usd
lvpb Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
-273000 usd
CY2023Q2 us-gaap Marketable Securities
MarketableSecurities
9308000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
2431000 usd
CY2022 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
13000 usd
CY2022 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
263000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
2181000 usd
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
3614000 usd
CY2022 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
13000 usd
CY2022 lvpb Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
-313000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
520000 usd
CY2023Q2 us-gaap Debt Securities
DebtSecurities
520000 usd
CY2023Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0810 pure
CY2023Q2 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
59336000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
61323000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
61323000 usd
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
402000 usd
CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
509000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
60921000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
60814000 usd
CY2023Q2 lvpb Prinipal Paydown
PrinipalPaydown
2300000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
35229000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
684000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
25410000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
61323000 usd
CY2023Q2 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
402000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
60921000 usd
lvpb Common Share Distribution Per Share
CommonShareDistributionPerShare
0.075
lvpb Annualized Dividends Per Share Paid
AnnualizedDividendsPerSharePaid
0.30
CY2023Q2 lvpb Annualized Distribution Rate
AnnualizedDistributionRate
0.03 pure
CY2023Q2 us-gaap Share Price
SharePrice
10.00
lvpb Distribution Paid In Cash
DistributionPaidInCash
1000000.0 usd
lvpb Share Redemption Program Annual Limitation Percentageof Weighted Average Shares Outstanding
ShareRedemptionProgramAnnualLimitationPercentageofWeightedAverageSharesOutstanding
0.005 pure
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
86223 shares
us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
10.03
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
83226 shares
us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
8.93

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