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Belpointe Prep, Llc(NYSEMKT) OZ

Market Cap$189.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-52%
5 YearN/A
1 Year-24%
1 Month+6%
$48.17
+0.65%
+0.31Today
Belpointe Prep, Llc last closing stock price
MetricPriceDate
Last closeUSD 47.862026-08-28
Belpointe Prep, Llc stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-0.29%USD 48.002026-08-21
1 month+6.36%USD 45.002026-07-29
3 month-0.29%USD 48.002026-05-29
Year to date-26.4%USD 65.032025-12-31
1 year-23.78%USD 62.802025-08-28
3 year-46.54%USD 89.522023-08-29
Since inception-52.22%USD 100.182021-10-18

Belpointe Prep, Llc Financials at a Glance

Market Cap

$189.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$15.05M

Net Income (TTM)

-$43.71M

EPS (TTM)

-$11.41

P/E Ratio

-4.20

Dividend

$0.00

Beta (Volatility)

0.19 (Low)

Price

$48.17

Volume

8,169

Open

$47.95

Previous Close

$48.17

Daily Range

$47.95 - $48.19

52-Week Range

$44.25 - $69.00

Estimated Earnings Date

Aug 4, 2026

OZ News

No articles available.

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About Belpointe Prep, Llc

Belpointe PREP develops and manages real estate projects in the United States. Its properties offer homes, retail, and office spaces for residents and businesses. The company’s work helps meet local housing and commercial needs in growing communities.

Building Blocks: What Belpointe PREP Offers

  • Mixed-Use Properties: Develops and manages buildings with both residential and retail spaces; 89.8% of rental revenue in 2025.
  • Commercial Real Estate: Owns and operates office and retail properties; 10.2% of rental revenue in 2025.
  • Real Estate Loans: Invests in commercial real estate loans and mortgages, supporting property development for other businesses.
  • Equity Investments: Buys shares in other real estate companies and funds, expanding its reach in the sector.
  • Joint Ventures: Partners with other firms to co-develop or manage properties, sharing expertise and resources.

Growth Spurts: How Belpointe PREP Expands

  • Completed major projects like VIV in Florida in 2025, and completed Aster & Links in 2024.
  • Secured $204.1 million refinancing for Aster & Links in 2025, improving liquidity.
  • Entered joint ventures with affiliates and third parties since 2021 to expand project pipeline.
  • Acquired and developed 17 opportunity zone properties across Florida, Tennessee, and Connecticut by 2025.
  • Continued to invest in new development sites and mixed-use projects through 2025.

Why Belpointe PREP Stands Out

Belpointe PREP is the only publicly traded qualified opportunity fund in the U.S. It focuses on tax-advantaged real estate investments in designated opportunity zones. The company uses joint ventures and an external manager to access expertise and capital for its projects.

Five Things You Need to Know

  • Revenue was $2 million in Q3 2025, up 177% from Q3 2024.
  • Rental revenue reached $9.2 million in 2025, up from $2.7 million in 2024.
  • Net loss was $40.1 million in 2025, compared to $23.9 million in 2024.
  • Operating expenses rose to $47.3 million in 2025, up 76% from 2024.
  • Cash used in operations was $25.2 million in 2025, up from $13.7 million in 2024.

Bottom Line

Belpointe PREP has grown by developing mixed-use and commercial properties in U.S. opportunity zones. Its flexible investment approach and joint ventures help it adapt to changing real estate markets.

AI Generated • Apr 16, 2026

Industry

Real Estate Management and Development

CEO

Brandon Eric Lacoff, MBA

Headquarters

Greenwich, CT 06831, US

OZ Financials

Key Financial Metrics (TTM)

Gross Margin

-82.40%

Operating Margin

-104.06%

Net Income Margin

-290.46%

Return on Equity

-16.22%

Return on Capital

-7.31%

Return on Assets

-7.78%

Earnings Yield

-23.81%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$189.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

3.95M

Volume

8.17K

Avg. Volume

8.84K

Financials (TTM)

Gross Profit

-$12.40M

Operating Income

-$15.66M

EBITDA

-$11.57M

Operating Cash Flow

-$26.19M

Capital Expenditure

$0.00

Free Cash Flow

-$26.19M

Cash & ST Invst.

$15.64M

Total Debt

$279.08M

Belpointe Prep, Llc Performance Analysis

Belpointe Prep, Llc annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,391,00039.5%
20232023-12-31USD 2,254,00062.0%
20242024-12-31USD 2,675,00018.7%
20252025-12-31USD 9,187,000243.4%
Belpointe Prep, Llc sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3019.0%
Q42025-12-3128.6%
Q12026-03-3138.2%
Q22026-06-3026.7%
Belpointe Prep, Llc annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -2.25-70.6%
20232023-12-31USD -4.0479.6%
20242024-12-31USD -6.5662.4%
20252025-12-31USD -10.7263.5%
Belpointe Prep, Llc sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-59.2%
Q42025-12-316.1%
Q12026-03-318.8%
Q22026-06-3015.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$5.37M

+168.1%

Gross Profit

$414.00K

+121.0%

Gross Margin

7.71%

N/A

Market Cap

$189.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

-$9.24M

-21.2%

EBITDA

-$591.00K

+75.2%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$15.64M

-37.3%

Total Debt

$279.08M

+20.2%

Accounts Receivable

$0.00

N/A

Inventory

$0.00

N/A

Long Term Debt

$279.08M

+21.5%

Short Term Debt

$0.00

-100.0%

Return on Assets

-7.78%

N/A

Return on Invested Capital

-2.91%

N/A

Free Cash Flow

-$3.91M

-62.0%

Operating Cash Flow

-$3.91M

-62.0%

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Questions About OZ

What is the current price of Belpointe Prep, Llc?

Belpointe Prep, Llc is trading at $48.17 per share.

What is the 52-week range for Belpointe Prep, Llc?

Over the past 52 weeks, Belpointe Prep, Llc has traded between $44.25 and $69.00.

How much debt does Belpointe Prep, Llc have?

As of the most recent reporting period, Belpointe Prep, Llc reported total debt of $279.08M.

How much cash does Belpointe Prep, Llc have on hand?

Belpointe Prep, Llc reported $15.64M in cash and cash equivalents in its most recent financial results.

What is Belpointe Prep, Llc’s dividend yield?

Belpointe Prep, Llc does not currently have a dividend yield.

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