Belpointe PREP, LLC

Belpointe PREP, LLC

OZ
Belpointe PREP, LLCUS flagNew York Stock Exchange American
48.32
USD
+0.12
- -
188.37MMarket Cap
Belpointe PREP, LLC
OZ
(New York Stock Exchange American)

Recent

price

48.32

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
0.08
2.43
0.41
0.63
0.74
- -
3.09
Revenue per Share
-0.09
-7.64
-2.25
-4.04
-6.56
- -
-11.12
Basic EPS, GAAP
-0.01
-5.53
-1.95
-1.95
-3.76
- -
-6.53
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.08
789.1
96.44
90.8
82.95
- -
70.16
Book Value per Share
-1.67
766.92
94.82
89.38
83.57
- -
70.32
Tangible Book Value per Share
1
- -
3
4
4
- -
4
Basic Weighted Avg Shares
- -
1
1
2
3
9
12
Sales/Revenue/Turnover
-101.98
-366.6
-683.47
-458.16
-504.3
-224.8
-186.54
Operating Margin (%)
- -
- -
1
1
6
11
12
Depreciation Expense
- -
-3
-8
-14
-24
-40
-42
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-110.89
-314.44
-552.34
-636.69
-891.81
-435.9
-360.28
Profit Margin (%)
-29
211
129
-16
-11
-3
2
Working Capital
- -
13
7
21
178
262
277
LT Debt
- -
324
333
325
304
275
266
Total Equity
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
-2.35
-4.4
-7.64
-13.94
-15.06
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3
- -
- -
LT Borrowings
251
261
276
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
4
4
Market Capitalization
238
241
201

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
30
24
25
Cash, Cash Equivalents & STI
30
24
20
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
34
27
23
Payables & Accruals
32
27
23
ST Debt
3
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-63,528.01%
-9.49%
Free Cash Flow
- -
3,835.79%
84.15%
Net Income, GAAP
- -
613.01%
67.87%
Sales/Revenue/Turnover
- -
250.16%
243.44%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
1
1
3
2025
2
2
2
3
9
2026
4
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.1
-1.3
-1.9
- -
-6.56
2025
-2.35
-2.06
-3.21
- -
- -
2026
-2.75
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Belpointe PREP, LLC (NYSE American: OZ) operates as a publicly traded qualified opportunity fund that identifies, acquires, develops or redevelops, and manages commercial and mixed-use real estate properties located within qualified opportunity zones across the United States; its core offerings encompass multifamily residential developments, student housing, senior living, healthcare facilities, industrial properties, self-storage, hospitality assets, office spaces, mixed-use projects blending residential and retail components, data centers, and solar initiatives, including flagship properties such as the 424-unit Aster & Links mixed-use development in downtown Sarasota, Florida, featuring luxury apartments and an anchored Sprouts Farmers Market with approximately 50% residential leasing as of October 2025, and the 269-unit VIV luxury apartment towers with retail space in St. Petersburg, Florida, which has received temporary certificates of occupancy and commenced leasing; the company also provides comprehensive asset management services encompassing property management, leasing, and financial oversight, alongside investments in real estate-related assets such as commercial loans, mortgages, debt and equity securities from real estate entities, private equity stakes, and opportunistic acquisitions of other qualified opportunity funds or zone businesses. Founded in 2020 and headquartered at 255 Glenville Road in Greenwich, Connecticut, Belpointe OZ targets high-growth markets like Florida and Tennessee for institutional-grade rental communities aimed at long-term dividends and capital appreciation, with a development pipeline exceeding 2,500 units and total project costs over $1.3 billion. Recent developments include the October 2025 refinancing of up to $204.14 million for the completed Aster & Links project, ongoing lease-up progress at both Aster & Links and VIV driving quarterly net asset value growth to $439.5 million as of December 31, 2024, and construction advancements on VIV with leasing initiation, reflecting sustained expansion in prime opportunity zone locations.

Company News

APIChat
  • Video - CEO Clips: Valkea Resources Targets Discovery in Finland's Central Lapland Greenstone Belt

  • BELPOINTE OZ ISSUES CHAIRMAN & CEO LETTER TO UNITHOLDERS

  • Belpointe OZ Announces Aster & Links Reaches Leasing Milestone

  • Belpointe OZ's VIV Development in Downtown St. Petersburg, Florida, Reaches Leasing Milestone

  • Belpointe OZ Enters Into Agreement for Darien, Connecticut, Luxury Multifamily Development Site

  • Belpointe PREP: Still An Interesting Speculative Growth Play In The REIT Sector Trading At 0.5x NAV

  • Belpointe OZ Secures $204 Million Loan to Refinance Aster & Links in Sarasota, FL

  • Belpointe OZ Announces that Leasing has Begun at VIV in St. Petersburg, FL

  • Valkea Resources Commences Fall Exploration Program at the Paana Project and Appoints Exploration Manager in Finland

  • Belpointe OZ's Aster & Links Wins Two Awards

  • Valkea Resources Plans Aggressive Exploration Programs Across Its Northern Finland Project Portfolio

  • Belpointe PREP Is Attractive Again Trading At Only 0.55x NAV

  • Belpointe OZ's VIV Development Nears Completion, Leasing Anticipated to Begin Later this Year

  • Aster & Links Achieves Leasing Milestone with One-Third of Residential Units Now Leased

  • Belpointe OZ Announces Fourth Quarter 2024 Net Asset Value Per Class A Unit

  • Valkea Resources Establishes the Bulk-Tonnage Koivu Zone; Drills 15.35 Meters of 3.43 g/t Gold, Including 2.75 Meters of 12.92 g/t Gold at the Paana Project, Finland

  • Belpointe PREP: Give Yourself A Tax Cut II

  • Belpointe OZ Regains Compliance with NYSE American Listing Standards Following Successful Completion of Annual Meeting

  • Belpointe OZ Adjourns Annual Meeting to January 28, 2025 and Announces Notice of Noncompliance with NYSE American Continued Listing Standards

  • Belpointe OZ Adjourns Annual Meeting to January 24, 2025