Ownership / Lightstone Value Plus REIT III, Inc. | Tables in SEC filings

LVVR Lightstone Value Plus REIT III, Inc.

Quarterly report


	For the Nine Months Ended September 30,
	2024		2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(3,506)	$	(4,960)
Adjustments to reconcile net loss to net cash provided by operating activities:
Loss from investments in unconsolidated affiliated real estate entities		1,895		2,807
Depreciation and amortization		2,490		3,266
Amortization of deferred financing costs		216		181
Other non-cash adjustments		101		197
Changes in assets and liabilities:
Increase in accounts receivable and other assets		(124)		(1,190)
Increase in accounts payable and other accrued expenses		945		373
Increase in due to related parties		1,096		59
Net cash provided by operating activities		3,113		733

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investment property		(342)		(532)
Purchase of marketable securities		(3,226)		(10,619)
Proceeds from sale of marketable securities		5,030		6,902
Distributions from unconsolidated affiliated real estate entity		870		140
Investments in unconsolidated affiliated real estate entities		(197)		(1,292)
Net cash provided by/(used in) investing activities		2,135		(5,401)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from mortgage financing		30,844		-
Payments on mortgages payable		(31,059)		(2,273)
Payment of loan fees and expenses		(463)		(179)
Distributions to common stockholders		(970)		(1,945)
Redemption and cancellation of common shares		(664)		(1,082)
Net cash used in financing activities		(2,312)		(5,479)

Change in cash, cash equivalents and restricted cash		2,936		(10,147)
Cash, cash equivalents and restricted cash, beginning of year		3,853		18,391
Cash, cash equivalents and restricted cash, end of period	$	6,789	$	8,244

Supplemental cash flow information for the periods indicated is as follows:
Cash paid for interest	$	3,824	$	3,745
Cash paid for taxes	$	61	$	313
Investments in unconsolidated affiliated real estate entities in due to related parties	$	178	$	-
Distributions declared, but not paid	$	-	$	973

The following is a summary of the Company’s cash, cash equivalents and restricted cash total as presented in our statements of cash flows for the periods presented:
Cash and cash equivalents	$	6,789	$	8,239
Restricted cash		-		5
Total cash, cash equivalents and restricted cash	$	6,789	$	8,244

	Common Stock				Additional Paid-In		Accumulated Other Comprehensive		Accumulated		Total Noncontrolling		Total
	Shares		Amount		Capital		Loss		Deficit		Interests		Equity
BALANCE, June 30, 2024		12,897	$	129	$	110,119	$	(125)	$	(58,606)	$	12,092	$	63,609

Net loss		-		-		-		-		(444)		-		(444)
Other comprehensive loss		-		-		-		(25)				-		(25)
Redemption and cancellation of shares		(32)		(1)		(320)		-		-		-		(321)

BALANCE, September 30, 2024		12,865	$	128	$	109,799	$	(150)	$	(59,050)	$	12,092	$	62,819

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2024		2023		2024		2023
Asset management fees (general and administrative costs)	$	366	$	361	$	1,096	$	1,038
Finance fees(1)		-		-		178		-
Total	$	366	$	361	$	1,274	$	1,038


	Common Stock				Additional Paid-In		Accumulated Other Comprehensive		Accumulated		Total Noncontrolling		Total
	Shares		Amount		Capital		Loss		Deficit		Interests		Equity
BALANCE, June 30, 2023		12,957	$	129	$	110,721	$	(226)	$	(50,753)	$	12,092	$	71,963

Net loss		-		-		-		-		(970)		-		(970)
Other comprehensive income		-		-		-		43		-		-		43
Distributions declared(a)		-		-		-		-		(973)		-		(973)
Redemption and cancellation of shares		(21)		-		(217)		-		-		-		(217)

BALANCE, September 30, 2023		12,936	$	129	$	110,504	$	(183)	$	(52,696)	$	12,092	$	69,846

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