LuxUrban Hotels Inc. Financial Report: Key Insights & Stock Overview (Dec 2024)

Based on the provided XML section of the financial report, here are the key insights extracted:

1. Company Identification:

• Entity Name: LuxUrban Hotels Inc.
• SEC CIK Number: 0001893311
• State of Incorporation: Delaware (DE)
• IRS Employer Identification Number: 82-3334945
• Address: 212 Biscayne Blvd Suite 253, Miami, FL 33137
• Contact Number: (833) 723-7368

2. Stock Information:

• Common Stock:
• • Par Value: $0.00001 per share
  • Trading Symbol: LUXH
  • Stock Type: Common Stock
• Preferred Stock:
• • Series: A Cumulative Redeemable Preferred Stock
  • Par Value: $0.00001 per share
  • Trading Symbol: LUXHP
  • Dividend Rate: 13.00%

3. Reporting Date:

• Date of Report: December 23, 2024

4. Stock Classes:

• Classifications:
• • Common Stock classified under "CommonStock0.00001ParValuePerShareMember".
  • Preferred Stock classified under "SeriesACumulativeRedeemablePreferredMember".

5. Measurement Units:

• Financial figures provided in USD.
• Stock quantities are reported in shares.

6. Financial Reporting Structure:

• The report utilizes XBRL (eXtensible Business Reporting Language) for structured financial data.

Insights:

• The company has distinct classes of stock, which indicates a dual structure of equity financing, allowing it to attract both common equity investors and those preferring stable returns through cumulative redeemable preferred shares.
• The high dividend rate on the preferred stock (13.00%) suggests an attractive investment for income-focused investors, indicating the company may be prioritizing returns to preferred shareholders.
• The reported date suggests a snapshot of the company’s financial position on a specific day, which is relevant for assessing its immediate financial health and market position.

This report structure and the information presented are crucial for investors, analysts, and stakeholders to evaluate LuxUrban Hotels Inc.’s financial standing and investment potential.