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Belpointe PREP, LLC(OZ)Earnings, Financials & Key Ratios
OZ•AMEX•REIT / Real Estate
$50.77
$185M mkt cap·Price updated May 7, 2026
SectorReal EstateIndustryReal Estate DevelopmentSub-IndustryReal Estate Investment and Platform Companies
AboutBelpointe PREP, LLC focuses on identifying, acquiring, developing or redeveloping, and managing commercial real estate properties in the United States. It also intends to invest in and manage a real estate-related assets, including commercial real estate loans and mortgages; and debt and equity securities issued by other real estate-related companies, as well as private equity acquisitions and investments and opportunistic acquisitions of other qualified opportunity funds and qualified opportunity zone businesses. Belpointe PREP, LLC was incorporated in 2020 and is based in Greenwich, Connecticut.Show more
- Revenue$3M+18.7%
- FFO-$18M-49.3%
- FFO/Share-5.04-45.8%
- FFO Payout0%
- FFO per Share-5.04-45.8%
- NOI Margin-155.66%-82.3%
- FFO Margin-685.76%-25.8%
- ROE-7.58%-73.8%
- ROA-5.3%-36.0%
- Debt/Assets34.94%+434.0%
- Book Value/Share83.57-8.6%
OZ Key Insights
Belpointe PREP, LLC (OZ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗FFO declining 69.4% TTM
- ✗Low NOI margin of -155.7%
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
OZ Price & Volume
Belpointe PREP, LLC (OZ) stock price & volume — 10-year historical chart
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OZ Growth Metrics
Belpointe PREP, LLC (OZ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years38.96%
TTM244.98%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-84.81%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-82.2%
Return on Capital
10 Years-3.69%
5 Years-3.69%
3 Years-3.04%
Last Year-3.26%
OZ Recent Earnings
Belpointe PREP, LLC (OZ) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
Mar 19, 2026EPS
$3.08
Revenue
$3M
Q4 2025
Nov 14, 2025EPS
$3.21
Revenue
$2M
Q3 2025
Aug 5, 2025EPS
$2.06
Revenue
$2M
Q2 2025
May 15, 2025EPS
$2.35
Revenue
$2M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 19, 2026 | $3.08 | $3M |
| Q4 2025 | Nov 14, 2025 | $3.21 | $2M |
| Q3 2025 | Aug 5, 2025 | $2.06 | $2M |
| Q2 2025 | May 15, 2025 | $2.35 | $2M |
Based on last 12 quarters of dataView full earnings history →
OZ Peer Comparison
Belpointe PREP, LLC (OZ) competitors in Real Estate Investment and Platform Companies — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 IIPR | 1.62B | 56.61 | 14.40 | -13.8% | 45.58% | 6.41% | 0.21 | |
 GMRE | 94.26M | 35.74 | 115.29 | -1.79% | 1.69% | 0.49% | 1.18 | |
 GOOD | 615.74M | 12.72 | 31.02 | 8% | 12.75% | 9.74% | 2.50 | |
 STRW | 169.91M | 12.95 | 22.72 | 17.29% | 4.83% | 11.22% | 8.04 | |
 NXRT | 756.27M | 29.80 | -23.65 | -3.24% | -12.67% | -10.13% | 5.18 | |
 UDR | 12.04B | 36.94 | 32.69 | 2.42% | 28.6% | 12.37% | 1.49 | |
 CPT | 10.9B | 104.07 | 29.40 | 1.92% | 32.81% | 8.71% | 0.88 | |
 ELME | 188.38M | 2.12 | -1.21 | -100% | -18.93% | 2.18 |
Compare OZ vs Peers
Belpointe PREP, LLC (OZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
OZ Income Statement
Belpointe PREP, LLC (OZ) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 101K | 997K | 1.39M | 2.25M | 2.67M | 7.22M |
| Revenue Growth % | - | 887.13% | 39.52% | 62.04% | 18.68% | 244.98% |
| Property Operating Expenses | 48K | 1.14M | 3.81M | 4.18M | 6.84M | 12.54M |
| Net Operating Income (NOI) | 53K▲ 0% | -143K▼ 369.8% | -2.42M▼ 1590.9% | -1.93M▲ 20.4% | -4.16M▼ 116.3% | -5.32M▲ 0% |
| NOI Margin % | 52.48% | -14.34% | -173.83% | -85.4% | -155.66% | -73.69% |
| Operating Expenses | 156K | 3.51M | 7.09M | 8.4M | 9.33M | 9.23M |
| G&A Expenses | 113K | 2.92M | 5.8M | 6.33M | 5.11M | 5.54M |
| EBITDA | -60K | -3.07M | -8.22M | -8.26M | -7.98M | -6.01M |
| EBITDA Margin % | -59.41% | -307.62% | -590.65% | -366.46% | -298.24% | -83.33% |
| Depreciation & Amortization | 43K | 588K | 1.29M | 2.07M | 5.51M | 8.54M |
| D&A / Revenue % | 42.57% | 58.98% | 92.81% | 91.7% | 206.06% | 118.28% |
| Operating Income | -103K▲ 0% | -3.65M▼ 3448.5% | -9.51M▼ 160.1% | -10.33M▼ 8.6% | -13.49M▼ 30.6% | -14.55M▲ 0% |
| Operating Margin % | -101.98% | -366.6% | -683.47% | -458.16% | -504.3% | -201.61% |
| Interest Expense | 9K | 0 | 0 | 0 | 10.01M | 4M |
| Interest Coverage | -11.44x | - | - | - | -1.35x | - |
| Non-Operating Income | 0 | 0 | 0 | 4.03M | 359K | 4.07M |
| Pretax Income | -112K▲ 0% | -3.04M▼ 2616.1% | -8.13M▼ 167.1% | -14.36M▼ 76.7% | -23.86M▼ 66.1% | -36.62M▲ 0% |
| Pretax Margin % | -110.89% | -305.12% | -584.18% | -637.13% | -891.78% | -507.45% |
| Income Tax | 0 | 0 | 112K | 1K | 1K | 1K |
| Effective Tax Rate % | 0% | 0% | -1.38% | -0.01% | -0% | -0% |
| Net Income | -112K▲ 0% | -3.13M▼ 2699.1% | -7.68M▼ 145.1% | -14.35M▼ 86.8% | -23.86M▼ 66.2% | -36.6M▲ 0% |
| Net Margin % | -110.89% | -314.44% | -552.34% | -636.69% | -891.81% | -507.18% |
| Net Income Growth % | - | -2699.11% | -145.07% | -86.79% | -66.23% | -84.81% |
| Funds From Operations (FFO) | -69K▲ 0% | -2.55M▼ 3591.3% | -6.39M▼ 151.0% | -12.28M▼ 92.2% | -18.34M▼ 49.3% | -28.07M▲ 0% |
| FFO Margin % | -68.32% | -255.47% | -459.53% | -544.99% | -685.76% | -388.9% |
| FFO Growth % | - | -3591.3% | -150.96% | -92.18% | -49.33% | -269.76% |
| FFO per Share | -867806.64 | -1.10 | -1.87 | -3.46 | -5.04 | -7.59 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | -999999.00▲ 0% | -1.35▲ 100.0% | -2.25▼ 66.7% | -4.04▼ 79.6% | -6.57▼ 62.6% | -9.90▲ 0% |
| EPS Growth % | - | 100% | -66.67% | -79.56% | -62.62% | -82.2% |
| EPS (Basic) | -999999.00 | -1.35 | -2.25 | -4.04 | -6.55 | - |
| Diluted Shares Outstanding | 0 | 2.32M | 3.42M | 3.55M | 3.64M | 3.7M |
OZ Balance Sheet
Belpointe PREP, LLC (OZ) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Total Assets | 37.28M | 341.43M | 354M | 382.12M | 517.59M | 570.77M |
| Asset Growth % | - | 815.79% | 3.68% | 7.94% | 35.45% | 86.72% |
| Real Estate & Other Assets | 28.71M | 0 | 201.82M | 4.9M | 492.85M | 541.13M |
| PP&E (Net) | 0 | 0 | 0 | 346.07M | 0 | 0 |
| Investment Securities | 0 | 0 | 0 | 1000K | 0 | 0 |
| Total Current Assets | 6.58M | 0 | 143.47M | 20.13M | 24.74M | 29.64M |
| Cash & Equivalents | 6.58M | 192.13M | 143.47M | 20.13M | 24.74M | 29.64M |
| Receivables | 0 | 1000K | 0 | 0 | 0 | 0 |
| Other Current Assets | -2.01M | -215.89M | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.99M | 0 | 8.7M | 7.47M | 0 | 0 |
| Total Liabilities | 37.38M | 17.55M | 21.34M | 57.05M | 213.53M | 286.72M |
| Total Debt | 35M | 12.79M | 7.13M | 25M | 180.84M | 255.19M |
| Net Debt | 28.42M | -179.34M | -136.34M | 4.88M | 156.1M | 225.54M |
| Long-Term Debt | 0 | 10.79M | 0 | 19.68M | 177.02M | 251.44M |
| Short-Term Borrowings | 35M | 0 | 0 | 4M | 2.6M | 2.6M |
| Capital Lease Obligations | 0 | 2M | 7.13M | 1.32M | 1.23M | 4.72M |
| Total Current Liabilities | 35.89M | 0 | 14.22M | 36.05M | 35.29M | 34.13M |
| Accounts Payable | 88K | 0 | 1.69M | 12.58M | 13.32M | 12.41M |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 1.5M | -12.79M | 0 | 0 | 0 | 0 |
| Total Equity | -102K▲ 0% | 323.88M▲ 317624.5% | 332.65M▲ 2.7% | 325.06M▼ 2.3% | 304.06M▼ 6.5% | 284.06M▲ 0% |
| Equity Growth % | - | 317624.51% | 2.71% | -2.28% | -6.46% | -31.14% |
| Shareholders Equity | -102K | 323.68M | 329.48M | 322.63M | 301.78M | 281.79M |
| Minority Interest | 0 | 192K | 3.17M | 2.44M | 2.28M | 2.27M |
| Common Stock | -102K | 323.68M | 329.48M | 322.63M | 301.78M | 281.79M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | -0.3% | -1.66% | -2.21% | -3.9% | -5.3% | -6.41% |
| Return on Equity (ROE) | - | -1.94% | -2.34% | -4.36% | -7.58% | -12.89% |
| Debt / Assets | 93.88% | 3.75% | 2.01% | 6.54% | 34.94% | 44.71% |
| Debt / Equity | - | 0.04x | 0.02x | 0.08x | 0.59x | 0.59x |
| Net Debt / EBITDA | - | - | - | - | - | -37.50x |
| Book Value per Share | -999999.00 | 139.85 | 97.37 | 91.48 | 83.57 | 76.84 |
OZ Cash Flow Statement
Belpointe PREP, LLC (OZ) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -12K | -2.27M | -6.65M | -6.95M | -13.69M | -13.69M |
| Operating CF Growth % | - | -18800% | -193.25% | -4.42% | -97.11% | -565.44% |
| Operating CF / Revenue % | -11.88% | -227.48% | -478.15% | -308.12% | -511.74% | -189.68% |
| Net Income | -112K | -3.04M | -8.24M | -14.35M | -23.86M | -36.6M |
| Depreciation & Amortization | 36K | 479K | 1.06M | 2.07M | 4.21M | 8.95M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | -251K | 0 | 3.29M | 2.3M | 6.78M |
| Working Capital Changes | 64K | 546K | 527K | 2.04M | 3.65M | 920K |
| Cash from Investing | -28.42M | -43.37M | -63.53M | -145.12M | -138.04M | -83.33M |
| Acquisitions (Net) | 0 | 16.67M | 87K | 0 | 52K | 26K |
| Purchase of Investments | -28.42M | -63.46M | -101.81M | -159K | -137.84M | -27.21M |
| Sale of Investments | 0 | 1000K | 1000K | 0 | 0 | 0 |
| Other Investing | 0 | -60.04M | -63.62M | -144.96M | -244K | -56.14M |
| Cash from Financing | 35.01M | 231.4M | 22.8M | 30.69M | 156.97M | 111.58M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | 1000K | 3M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -508K | 19.47M | -3.12M | -21K | 27.24M |
| Net Change in Cash | 6.58M▲ 0% | 185.77M▲ 2724.1% | -47.38M▼ 125.5% | -121.38M▼ 156.2% | 4.61M▲ 103.8% | 7.24M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | -634K | -569K |
| Cash at Beginning | 0 | 6.58M | 192.35M | 144.97M | 20.13M | 29.73M |
| Cash at End | 6.58M | 192.35M | 144.97M | 23.59M | 24.74M | 35.79M |
| Free Cash Flow | -12K▲ 0% | 57.73M▲ 481158.3% | 56.74M▼ 1.7% | -6.95M▼ 112.2% | -13.69M▼ 97.1% | -19.98M▲ 0% |
| FCF Growth % | - | 481158.33% | -1.71% | -112.24% | -97.11% | -91.85% |
| FCF / Revenue % | -11.88% | 5790.07% | 4079.15% | -308.12% | -511.74% | -276.78% |
OZ Key Ratios
Belpointe PREP, LLC (OZ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|
| FFO per Share | -1.1 | -1.87 | -3.46 | -5.04 | -7.59 |
| FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% |
| NOI Margin | -14.34% | -173.83% | -85.4% | -155.66% | -73.69% |
| Net Debt / EBITDA | - | - | - | - | -37.50x |
| Debt / Assets | 3.75% | 2.01% | 6.54% | 34.94% | 44.71% |
| Interest Coverage | - | - | - | -1.35x | - |
| Book Value / Share | 139.85 | 97.37 | 91.48 | 83.57 | 76.84 |
| Revenue Growth | 887.13% | 39.52% | 62.04% | 18.68% | 244.98% |
OZ SEC Filings & Documents
Belpointe PREP, LLC (OZ) SEC filings — annual & quarterly reports (10-K, 10-Q)
OZ Frequently Asked Questions
Belpointe PREP, LLC (OZ) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Belpointe PREP, LLC (OZ) reported $7.2M in revenue for fiscal year 2024. This represents a 7046% increase from $0.1M in 2020.
Belpointe PREP, LLC (OZ) grew revenue by 18.7% over the past year. This is strong growth.
Belpointe PREP, LLC (OZ) reported a net loss of $36.6M for fiscal year 2024.
Dividend & Returns
Belpointe PREP, LLC (OZ) has a return on equity (ROE) of -7.6%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Belpointe PREP, LLC (OZ) generated Funds From Operations (FFO) of $-28.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Explore More OZ
Belpointe PREP, LLC (OZ) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
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Price History
Long-term charts & historical price data
Revenue History
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Financial Ratios
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Valuation
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