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OZBelpointe PREP, LLC
$45.07$176M
Overview & Verdict
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OZ logoBelpointe PREP, LLC(OZ)Earnings, Financials & Key Ratios

OZ•AMEX•REIT / Real Estate
$45.07
Price updated Jun 27, 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$9M+243.4%
  • FFO-$31M-70.8%
  • FFO/Share-8.39-66.4%
  • FFO Payout0%
  • FFO per Share-8.39-66.4%
  • NOI Margin-252.45%-62.2%
  • FFO Margin-341.12%+50.3%
  • ROE-13.83%-82.3%
  • ROA-7.4%-39.6%

OZ Price & Volume

Belpointe PREP, LLC (OZ) stock price & volume — 10-year historical chart

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Aggressive Development Scaling Amidst Persistent Operating Losses

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Accelerating
Profitability:Negative
Financial:Strained
Cash Flow:Burning
Primary Risk:Development and liquidity constraints

Key Thesis Takeaways

  • Belpointe PREP is currently in a high-intensity development phase, evidenced by a 143.5% year-over-year revenue growth in 2026Q1, yet this expansion is heavily reliant on debt-funded construction rather than stabilized cash flows.
  • The firm faces significant execution risk as it navigates vertical construction in volatile markets, with negative NOI margins of -163.4% highlighting the substantial pre-opening costs currently weighing on the bottom line.
  • Investors should monitor the company's ability to transition from a capital-intensive development model to a stabilized, income-generating portfolio, as current liquidity remains constrained by a $275.5 million debt burden.

Verdict Logic

the company's persistent negative FFO of -$7.6 million and lack of positive AFFO suggest significant ongoing capital requirements that may continue to dilute shareholder value.

OZ Growth Metrics

Belpointe PREP, LLC (OZ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years146.47%
3 Years87.62%
TTM186.56%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-47.73%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-44.16%

Return on Capital

10 Years-3.74%
5 Years-3.01%
3 Years-3.42%
Last Year-4%

OZ Recent Earnings

Belpointe PREP, LLC (OZ) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
Q2 2026Latest
May 12, 2026
Metric
Actual
Est
EPS
$2.75
—
Rev
$4M
—
Q2 2026
Mar 19, 2026
Metric
Actual
Est
EPS
$3.08
—
Rev
$3M
—
Q4 2025
Nov 14, 2025
Metric
Actual
Est
EPS
$3.21
—
Rev
$2M
—
Q3 2025
Aug 5, 2025
Metric
Actual
Est
EPS
$2.06
—
Rev
$2M
—
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 12, 2026
$2.75
$4M
Q2 2026Mar 19, 2026
$3.08
$3M
Q4 2025Nov 14, 2025
$3.21
$2M
Q3 2025Aug 5, 2025
$2.06
$2M
Based on last 12 quarters of dataView full earnings history →

Latest OZ News

Recent stock market news and headlines for Belpointe PREP, LLC (OZ)

Newsfile Corp·Jun 18, 2026
Valkea's New Leadership Provides Outline of Company's Systematic Approach to Discovery in Central Lapland Greenstone Belt

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2026) - The new leadership of Valkea Resources Corp. (TSXV: OZ) (OTCQB: OZBKF) (FSE: 4A7) (the "Company" or "Valkea") is pleased to outline the Company's first comprehensive work program to systematically unlock value from our large prospective land package in Finland's Central Lapland Greenstone Belt. New leadership team now in place including key members of the Ikkari discovery team Funding now secured for 2026/2027 exploration programs Work to outline an initial 15 - 20 target prospect pipeline nearing completion Planning underway to recommence drilling in H2 2026 Earlier this year, Valkea announced leadership and technical appointments comprised of key contributors to Rupert Resources' Ikkari discovery team.

Newsfile Corp·Jun 16, 2026
Valkea Resources Announces Closing of $8 Million Offering

Vancouver, British Columbia--(Newsfile Corp. - June 16, 2026) - Valkea Resources Corp. (TSXV: OZ) (the "Company" or "Valkea") is pleased to announce the closing of its previously-announced "best efforts" private placement of 20,075,000 common shares in the capital of the Company (each, a "Common Share") at a price of $0.40 per Common Share for aggregate gross proceeds to the Company of $8,030,000 (the "Offering"), including the partial exercise of the agents' option. The Offering was led by Beacon Securities Limited, as lead agent and sole bookrunner, on behalf of a syndicate of agents comprising of ATB Cormark Capital Markets and Canaccord Genuity Corp. (collectively, the "Agents").

Peers Comparison

Key metrics vs top competitors for Belpointe PREP, LLC (OZ)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
OZ logoOZBelpointe PREP, LLCCurrent
$45.07$175.69M-4.20243.44%-435.9%-13.83%—
IIPR logoIIPRInnovative Industrial Properties, Inc.
$62.93$1.8B16.01-13.8%45.58%6.41%—
GMRE logoGMREGlobal Medical REIT Inc.
$35.74$94.26M115.297.08%-8.18%-2.31%—
GOOD logoGOODGladstone Commercial Corporation
$12.49$604.6M30.468%12.75%9.74%—
STRW logoSTRWStrawberry Fields REIT LLC
$13.60$182.6M22.6732.41%14.37%39.34%—
NXRT logoNXRTNexPoint Residential Trust, Inc.
$28.63$726.58M-22.72-3.24%-12.67%-10.13%—

Compare OZ vs Peers

Belpointe PREP, LLC (OZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IIPR

Most directly comparable listed peer for OZ.

Scale Benchmark

vs CBRE

Larger-name benchmark to compare OZ against a more recognizable public peer.

Peer Set

Compare Top 5

vs IIPR, GMRE, GOOD, STRW

OZ SEC Filings & Documents

Belpointe PREP, LLC (OZ) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Mar 9, 2026·SEC

Material company update

Jan 12, 2026·SEC

Material company update

Oct 3, 2025·SEC

10-K Annual Reports

5
FY 2026

Mar 20, 2026·SEC

FY 2025

Mar 31, 2025·SEC

FY 2024

Mar 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 13, 2026·SEC

FY 2025

Nov 14, 2025·SEC

FY 2025

Aug 5, 2025·SEC

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OZ Frequently Asked Questions

Belpointe PREP, LLC (OZ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Belpointe PREP, LLC's revenue?

Belpointe PREP, LLC (OZ) reported $11.7M in revenue for fiscal year 2025. This represents a 11467% increase from $0.1M in 2020.

How fast is Belpointe PREP, LLC growing?

Belpointe PREP, LLC (OZ) grew revenue by 243.4% over the past year. This is strong growth.

Is OZ profitable?

Belpointe PREP, LLC (OZ) reported a net loss of $42.1M for fiscal year 2025.

Dividend & Returns
What is OZ's return on equity?

Belpointe PREP, LLC (OZ) has a return on equity (ROE) of -13.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is Belpointe PREP, LLC's FFO?

Belpointe PREP, LLC (OZ) generated Funds From Operations (FFO) of $-31.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.

What if you invested $1,000 in OZ back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

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