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
Live market
delayed ≤15 min- 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
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
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
| Quarter | Revenue | YoY | Net income | YoY | Net 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
Your notes
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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
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 246.6K | $13.1M | -1.4K (-0.6%) | Trimmed |
| 2 | Precision Wealth Strategies, LLC | 240.7K | $12.8M | -6.3K (-2.5%) | Trimmed |
| 3 | Belpointe Asset Management LLC | 226.5K | $12.0M | +7.2K (+3.3%) | Added |
| 4 | United Asset Strategies, Inc. | 89.4K | $4.8M | +0 (+0.0%) | No change |
| 5 | Lido Advisors, LLC | 63.8K | $3.4M | -400 (-0.6%) | Trimmed |
| 6 | Brookwood Investment Group LLC | 37.9K | $2.0M | +8.0K (+26.9%) | Added |
| 7 | Mason & Associates Inc | 25.3K | $1.3M | -100 (-0.4%) | Trimmed |
| 8 | SHEETS SMITH WEALTH MANAGEMENT | 21.8K | $1.2M | — | New |
| 9 | Robertson Stephens Wealth Management, LLC | 21.2K | $1.1M | +0 (+0.0%) | No change |
| 10 | Cetera Investment Advisers | 18.3K | $975.2K | +0 (+0.0%) | No change |
| 11 | Mariner, LLC | 17.5K | $930.4K | +0 (+0.0%) | No change |
| 12 | LPL Financial LLC | 16.5K | $875.3K | -25 (-0.2%) | Trimmed |
| 13 | U.S. Capital Wealth Advisors, LLC | 15.9K | $845.3K | +0 (+0.0%) | No change |
| 14 | Keystone Wealth Services, LLC | 15.6K | $827.7K | +0 (+0.0%) | No change |
| 15 | B.O.S.S. Retirement Advisors, LLC | 15.1K | $803.1K | +0 (+0.0%) | No change |
| 16 | Kestra Advisory Services, LLC | 10.5K | $560.7K | +0 (+0.0%) | No change |
| 17 | Foundations Investment Advisors, LLC | 8.0K | $426.3K | +2.0K (+32.4%) | Added |
| 18 | Mutual Advisors, LLC | 7.5K | $399.0K | +0 (+0.0%) | No change |
| 19 | LANE BROTHERS & CO INC | 6.2K | $329.1K | +0 (+0.0%) | No change |
| 20 | Walser Wealth Management Company, A Ltd Liability Co | 6.1K | $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.
Top questions investors are asking
Coming once OZ's latest filing finishes processing.