Belpointe PREP, LLC (OZ)
Real Estate · Qualified opportunity zone real estate fund / diversified REIT · NYSE
The only publicly traded qualified opportunity fund that invests in commercial and mixed-use real estate in economically distressed zones while offering investors favorable capital gains tax treatment.
What Belpointe PREP, LLC does
Belpointe PREP is a publicly traded qualified opportunity fund (the only one listed on a national securities exchange) that identifies, acquires, develops, and manages commercial and mixed-use real estate properties located within qualified opportunity zones. At least 90% of its assets consist of qualified opportunity zone property, and investors are eligible for favorable capital gains tax treatment. The company is externally managed by Belpointe PREP Manager, LLC, an affiliate of its sponsor Belpointe, LLC, a Connecticut-based investment firm.
Themes: ["qualified opportunity zone investing","commercial real estate development","mixed-use properties","tax-advantaged real estate"]
Fundamentals
- Price$45.20 as of 2026-07-10 close
- Market cap$181M as of 2026-07-13
- 1-year return-25.5% as of 2026-07-10 close
- Net margin-360.3% as of 2026-07-13
- Gross margin-47.8% as of 2026-07-13
- ROE-15.2% as of 2026-07-13
- Debt / equity1.04 as of 2026-07-13
- Revenue growth (YoY)+186.6% as of 2026-07-13
- Revenue CAGR (3y)+87.6% SEC XBRL
- Beta0.28 as of 2026-07-13
Key risks (from latest filing)
["Rising interest rates and borrowing costs impact ability to raise capital and access debt financing for investment strategy execution","Construction delays, lease-up delays, and property stabilization challenges, along with tenant defaults and non-renewals due to market conditions including layoffs","Exposure to changes in federal tax law, including recent legislation like the One Big Beautiful Bill Act of 2025, and related administrative guidance that may affect qualified opportunity fund status and investor tax benefits"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-13. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.