Belpointe PREP (OZ)
Develops and operates qualified opportunity-zone commercial and mixed-use real estate.
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Develops and operates commercial and mixed-use real estate in U.S. qualified opportunity zones, earning rental revenue while funding projects through unit offerings, debt, and partnerships. Operates as an externally managed partnership whose tax qualification and Manager-led governance distinguish it from a conventional REIT.
Develops, redevelops, owns, and leases commercial and mixed-use properties in qualified opportunity zones, concentrating its portfolio in Florida, Tennessee, and Connecticut. Rental revenue comes from the Mixed-use and Commercial segments, including Aster & Links in Sarasota and VIV in St. Petersburg.
Operates as an externally managed partnership and Qualified Opportunity Fund rather than a conventional REIT. Its Manager selects and finances investments, oversees development and portfolio operations, and provides administrative services, while capital may come from unit offerings, property debt, joint ventures, affiliate support, and operating cash flow.
Depends on continued QOF and publicly traded partnership qualification, the lease-up and stabilization of its Florida properties, and execution within a voting structure controlled by the Manager.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $15.6M · Total debt $279.1M · Total assets $561.8M · Shareholders' equity $256.8M
- Revenue
- $5.4M
- Operating income
- −$787.0K
- Net income
- −$9.2M
No dividends on record.
| Institutions | 31.24% | 1.27M shares | |
|---|---|---|---|
| 43 holders · as of Jun 30, 2026 | |||
| Other | 68.76% | 2.79M shares | |
| remainder | |||
4.05M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Empirical Financial Services, LLC D.B.A. Empirical Wealth ManagementInstitution | 5.95% | 241,017 A | as of Jun 30, 2026 |
Precision Wealth Strategies, LLCInstitution | 5.80% | 235,002 A | as of Jun 30, 2026 |
Belpointe Asset Management LLCInstitution | 5.37% | 217,600 A | as of Jun 30, 2026 |
Advisor Group Holdings, Inc.Institution | 2.32% | 94,077 A | as of Jun 30, 2026 |
United Asset Strategies, Inc.Institution | 2.19% | 88,722 A | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Camden Property Trust
Direct downtown St. Petersburg rival for luxury apartment renters.
- UDR
Sunbelt multifamily REIT with Tampa and Nashville leasing overlap.
- CaliberCos
Alternative QOF manager competing for tax-advantaged real-estate capital.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Belpointe PREP | $43.75 | −2.06% | $174.1M | — | — | 11.6 | +168.1% |
| Camden Property Trust | $99.85 | +1.04% | $9.93B | 32.8 | 105.4 | 6.3 | −0.9% |
| UDR | $34.30 | +1.20% | $10.89B | 21.6 | 58.3 | 6.3 | −0.0% |
| CaliberCos | $0.6412 | +23.55% | $4.4M | — | 5.8 | 0.4 | −17.3% |
| Median | 27.2 | 58.3 | 6.3 | −0.9% |