Lightstone Value Plus Real Estate Investment Trust III, Inc. (LVVR) Research

Lightstone Value Plus Real Estate Investment Trust III, Inc., often known as Lightstone REIT III, is a Maryland corporation established on October 5, 2012. It elected to be taxed as a Real Estate Investment Trust (REIT) for U.S. federal income tax purposes, a status that began with its fiscal year concluding December 31, 2015. The company employs an umbrella partnership REIT (UPREIT) model, meaning nearly all its current and future operations are channeled through Lightstone Value Plus REIT III LP, a Delaware limited partnership referred to as the Operating Partnership. As of September 30, 2020, Lightstone REIT III held an approximate 99% general partnership interest in the common units of this Operating Partnership. Lightstone REIT III consistently aims to build a diversified portfolio of real estate assets and related investments. This includes various property types such as hotels, commercial, and/or residential buildings, predominantly located within the United States. These assets may be acquired and operated either independently by the company or through collaborations with other parties. Additionally, Lightstone REIT III may create or purchase mortgage loans that are secured by real estate. Although the expectation is that the majority of its investments will fall into these specified categories, the company retains the flexibility to pursue any real estate-related investments it believes will yield the most favorable outcomes.

Market snapshot

Symbol
LVVR
Price
$2.65
Day change
+15.22%
Market cap
$33.4M
P/E ratio
-7.37x
52-week range
2.3-4.4025
Sector
Real Estate
Industry
REIT - Diversified

Peer companies

  • AmBase Corporation (ABCP)
  • Dream Impact Trust (DDHRF)
  • First Hartford Corporation (FHRT)
  • Hubilu Venture Corporation (HBUV)
  • Horizon Group Properties, Inc. (HGPI)
  • Highlands REIT, Inc. (HHDS)
  • Kadestone Capital Corp. (KDCCF)
  • Man Sang International Limited (MSGNF)

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