Real Estate · SIC 6500

Belpointe PREP, LLC

OZ

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Latest revenue

$4.2M

as of 2026-03-31

Latest net income

$-10.7M

as of 2026-03-31

Net margin

-251.8%

as of 2026-03-31

Price · 5Y

-13.6% / yr 27.4 pts / yr vs S&P 500 51.7% total
Compare:

Live market

delayed ≤15 min
$48.25
0.00%
Market cap
$66.6M
Enterprise value
$66.6M
P/E (trailing)
Forward P/E
P/B
Dividend yield
0.0%
52-wk high
$69.00
52-wk low
$47.27
Beta
Shares out
1.4M

5-year trend

What this company does

AI

Item 1. Business. In this Annual Report on Form 10-K (this “Form 10-K”), unless context otherwise requires, references to “we,” “us,” “our,” “Belpointe” or the “Company” refer to Belpointe PREP, LLC, a Delaware limited liability company, its operating companies, Belpointe PREP OC, LLC, a Delaware limited company, and Belpointe PREP TN OC, LLC, a Delaware limited company (each an “Operating Company” and, together, the “Operating Companies”), and each of the Operating Companies’ subsidiaries, taken together. History and Development of the Company We are the successor in interest to Belpointe REIT, Inc., a Maryland corporation (“Belpointe REIT”), incorporated on June 19, 2018. During the year…

AI summary unavailable — showing raw filing excerpt

Generated from OZ's filing dated 2026-03-20

Key risks

AI

Item 1A. Risk Factors. You should carefully consider the following material risks in addition to the other information contained in this Form 10-K. The occurrence of any of the following risks might have a material adverse effect on our business and financial condition. The risks and uncertainties discussed below are not the only ones we face but do represent those risks and uncertainties that we believe are most significant to our business, operating results, prospects, and financial condition. Some statements in this Form 10-K, including statements in the following risk factors, constitute forward-looking statements. Please refer to the section entitled “Forward-Looking Statements.” As…

AI summary unavailable — showing raw filing excerpt

Generated from OZ's filing dated 2026-03-20

Profitability

Net margin

-435.9%

51.1%

Return on assets

-7.1%

54.0%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$4.2M+143.5%$-10.7M-23.7%-251.8%

Q4 2025

2025-12-31

$3.1M+180.1%$-11.7M-41.8%-380.8%

Q3 2025

2025-09-30

$2.4M+177.0%$-12.1M-75.1%-509.3%

Q2 2025

2025-06-30

$2.0M+421.4%$-7.6M-61.6%-381.0%

Q1 2025

2025-03-31

$1.7M+416.0%$-8.6M-116.5%-495.6%

Q4 2024

2024-12-31

$1.1M$-8.2M-752.0%

Q3 2024

2024-09-30

$860.0K+83.8%$-6.9M-111.0%-805.6%

Q2 2024

2024-06-30

$384.0K-50.6%$-4.7M-15.7%-1229.2%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Real Estate · SIC 6500

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Insider activity

No insider transactions on file for OZ in the last 12 months.

Source: SEC Form 4 filings. Backfill runs nightly.

Who owns OZ

Institutional value

$61.8M

Total shares held

1.2M

Distinct holders

36

-11 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1Empirical Financial Services, LLC d.b.a. Empirical Wealth Management246.6K$13.1M-1.4K (-0.6%)Trimmed
2Precision Wealth Strategies, LLC240.7K$12.8M-6.3K (-2.5%)Trimmed
3Belpointe Asset Management LLC226.5K$12.0M+7.2K (+3.3%)Added
4United Asset Strategies, Inc.89.4K$4.8M+0 (+0.0%)No change
5Lido Advisors, LLC63.8K$3.4M-400 (-0.6%)Trimmed
6Brookwood Investment Group LLC37.9K$2.0M+8.0K (+26.9%)Added
7Mason & Associates Inc25.3K$1.3M-100 (-0.4%)Trimmed
8SHEETS SMITH WEALTH MANAGEMENT21.8K$1.2MNew
9Robertson Stephens Wealth Management, LLC21.2K$1.1M+0 (+0.0%)No change
10Cetera Investment Advisers18.3K$975.2K+0 (+0.0%)No change
11Mariner, LLC17.5K$930.4K+0 (+0.0%)No change
12LPL Financial LLC16.5K$875.3K-25 (-0.2%)Trimmed
13U.S. Capital Wealth Advisors, LLC15.9K$845.3K+0 (+0.0%)No change
14Keystone Wealth Services, LLC15.6K$827.7K+0 (+0.0%)No change
15B.O.S.S. Retirement Advisors, LLC15.1K$803.1K+0 (+0.0%)No change
16Kestra Advisory Services, LLC10.5K$560.7K+0 (+0.0%)No change
17Foundations Investment Advisors, LLC8.0K$426.3K+2.0K (+32.4%)Added
18Mutual Advisors, LLC7.5K$399.0K+0 (+0.0%)No change
19LANE BROTHERS & CO INC6.2K$329.1K+0 (+0.0%)No change
20Walser Wealth Management Company, A Ltd Liability Co6.1K$322.0K+0 (+0.0%)No change

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

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