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$48.32 as of 2026-08-26 close
- Market cap$191M as of 2026-08-27
- 1-year return-22.7% 2025-08-26 close $62.50 → 2026-08-26 close $48.32
- P/En/a negative earnings
- Net margin-290.5% as of 2026-08-27
- Gross margin-21.3% as of 2026-08-27
- ROE-16.2% as of 2026-08-27
- Debt / equity1.09 as of 2026-08-27
- Revenue growth (YoY)+164.2% as of 2026-08-27
- Revenue CAGR (3y)+87.6% SEC XBRL
- Beta0.29 as of 2026-08-27
- Last reported earningsn/a no earnings announcement (Form 8-K, Item 2.02) has been filed in our data yet
How OZ compares in its sector
- net profit marginbottom 10% 161 covered Real Estate peers, as of 2026-08-27
- operating marginbottom 10% 161 covered Real Estate peers, as of 2026-08-27
- gross marginbottom 10% 156 covered Real Estate peers, as of 2026-08-27
- return on equitybottom 10% 162 covered Real Estate peers, as of 2026-08-27
- 3-year revenue CAGRtop 10% 155 covered Real Estate peers
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
How Belpointe PREP, LLC looks technically
Belpointe PREP, LLC (OZ) is trading 7.4% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed below its 200-day average about 196 trading days ago — a "death cross", a bearish long-term signal. A strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 37, with buyers in control. Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 59, neither overbought (above 70) nor oversold (below 30). It made a new 20-day high about 16 trading days ago. It is 30.0% below its highest point of the past year.
Trend
8
| Distance from the 200-day | it is trading 7.4% below its 200-day average, the long-term trend line — a long-term downtrend | -7.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $46.25 | $46.25 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $52.19 | $52.19 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing high 21 calendar days ago — the swings before that are what the structure reading is measured on | 21 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes above 49.8. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible downward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed below its 200-day average about 196 trading days ago — a "death cross", a bearish long-term signal | 196 sessions |
| Trend strength (14-day ADX) | a strong uptrend is in place — ADX, a 0–100 trend-strength gauge, is 37, with buyers in control | 36.9 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 59, neither overbought (above 70) nor oversold (below 30) | 59.4 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($45.81 to $49.02) — its "stochastic" reading is 78 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been climbing within that range over the last few sessions. | 78.0 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in positive territory (momentum leaning bullish) | 39 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $69.00 | $69.00 |
|---|---|---|
| From the 52-week high | it is 30.0% below its 52-week high (its highest price of the past year) | -30.0% |
| Above the 52-week low | it is 9.2% above its 52-week low (its lowest price of the past year) | +9.2% |
| Below the 52-week high | it is 30.0% below its highest point of the past year | 30.0% |
| Since a 20-day breakout | it made a new 20-day high about 16 trading days ago | 16 sessions |
| Since a 55-day breakout | it made a new 55-day low about 42 trading days ago | 42 sessions |
| All-time high | its highest closing price on record is $114.89 (set on 2021-11-02) | $114.89 |
| Given back of the 52-week move | over the past year its closes ranged ($44.49 to $67.99), and it has recovered roughly a quarter of its fall from last year’s high — 16% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $59.01 to $59.77. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 16.3% |
| From the all-time high | it is 57.9% below its all-time high | -57.9% |
| Nearest price level | it is trading 0.7% below a resistance level at $48.66 — a price it turned at three times since 2026-02-25, most recently on 2026-06-02. Since 2024-08-26 it has 1 such level below the current price and 9 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.7% |
| All-time low | its lowest closing price on record is $42.75 (set on 2024-02-20) | $42.75 |
| Above the all-time low | it is 13.0% above its all-time low | +13.0% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 54th percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.727 between its high and its low — about 1.5% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.727 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $45.09 and $49.69 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $45.09 – $47.39 – $49.69 |
| Typical daily range (% of price) | its price moves about 1.5% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.5% |
| Stretch from the 200-day average | it is trading 5.3 daily ranges below its 200-day average price (7.4% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 5.3 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.80× |
|---|
Candlestick patterns
2
| Since a doji | 3 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 3 sessions ago |
|---|---|---|
| Since a bullish engulfing | 1 session ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 1 session ago |
Price gaps
3
| Gap at the open | it opened on 2026-08-26 at essentially the same price it closed at the session before — no meaningful overnight gap | +0.0% |
|---|---|---|
| Open gap | it gapped 4.0% below the previous close 14 sessions ago and has not traded back through the level it left behind at 49.8 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -4.0% |
| Gap filled | a 2.1% gap up opened on 2026-08-12 has been "filled" 10 sessions ago — price traded back through the level the gap left behind, and it closed again during the very session that opened it | 10 sessions ago |
Price streaks
1
| Closing streak | it has closed higher 3 sessions in a row, a +0.66% move over the run — an unbroken run of up days, which describes what has already happened and says nothing about the next session | 3 sessions up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock beat the market by 2.4 percentage points (the stock gained 6.1% while the market gained 3.7%) | +2.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 1.9 percentage points (the stock gained 0.1% while the market gained 2.1%) | -1.9% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 14.0 percentage points (the stock lost 2.9% while the market gained 11.1%) | -14.0% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 41.4 percentage points (the stock lost 22.7% while the market gained 18.7%) | -41.4% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a strong uptrend, with buyers in control, MACD momentum is positive, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bearish state: a "death cross" — its 50-day average is below its 200-day, trading below its 200-day average, lagging the market over 6 months — these describe past price behaviour, not a forecast | 3 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.9% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-21 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is moderate, spanning 4.9% of the share price. | +0.9% |
|---|
Volume-weighted price
1
| Vs this year’s average price paid | the price is 5% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $50.90 — a volume-weighted average of daily closes over 160 sessions, not a true tick-by-tick VWAP. | -5.1% |
|---|
Price levels it has turned at before
OZ last closed at $48.31 on 2026-08-26. Since 2024-08-26 it has turned at 1 price below its last close and 9 above; the nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $48.66 | Resistance | 0.7% above the last close | turned there three times · 2026-02-25 to 2026-06-02 |
| $49.80 | Resistance | 3.1% above the last close | turned there five times · 2026-01-05 to 2026-08-05 |
| $44.45 | Support | 8.0% below the last close | turned there three times · 2026-06-29 to 2026-07-31 |
| $57.54 | Resistance | 19.1% above the last close | turned there five times · 2025-04-08 to 2026-04-06 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes above $49.80.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $27.71 and $36.15 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close above $49.80.
This labelling was already in place when we began recording count changes on 2026-08-12, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-26.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Pulled back from the 12-month high · in a strong, established uptrend (ADX) · lagging the market · Least volatile (2% or less typical daily range) · Trading above the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-26. Describes past price behavior only — informational, not financial advice.
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"]
What changed in the latest 10-Q
AI-assisted comparison of OZ's 10-Q filed 2026-05-13 against the prior one filed 2025-11-14.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing references Annual Report for year ended December 31, 2025 filed March 20, 2026 (vs. older: year ended December 31, 2024 filed March 31, 2025)
- Newer filing states 'For the three months ended March 31, 2026, we have sold aggregate gross proceeds of $3,210,218 of Class A units' (vs. older: 'For the three and nine months ended September 30, 2025, we have sold aggregate gross proceeds of $4,380,590 and $8,403,711')
- Newer filing reports aggregate gross offering proceeds of $371.8 million as of March 31, 2026 (vs. older: $365.7 million as of September 30, 2025)
- Newer filing announces NAV as of December 31, 2025 was $116.17 per Class A unit, announced March 4, 2026 (vs. older: NAV as of June 30, 2025 was $116.74 per Class A unit, announced August 29, 2025)
- Newer filing references 'multifamily and mixed-use properties' and 'multifamily and mixed-use rental properties' in Business Outlook
- Newer filing adds specific mention of 'changes in immigration policies' and 'recent military actions in Iran and the Middle East' as risk factors
- Newer filing references 'the One Big Beautiful Bill Act of 2025' and 'forthcoming related administrative guidance and regulations' in Business Outlook section
- Removed:
- Older filing's detailed description of two operating segments ('commercial and mixed-use real estate') with specific definitions of Commercial Segment and Mixed-use Segment removed from Overview
- Older filing's statement about Board oversight of Manager's day-to-day responsibilities removed
- Older filing's dedicated section 'The One Big Beautiful Bill Act and Opportunity Zones 2.0' with detailed discussion of OBBBA enactment on July 4, 2025 not present in newer filing MD&A excerpt
- Older filing's reference to 'reductions in or cancellations of government programs and spending' removed from risk factors
- Older filing's reference to 'supply chain disruptions and labor shortages' removed from Business Outlook
- Older filing's statement 'However, future economic conditions' changed to newer filing's 'Despite expectations of U.S. falling into recession'
- Reworded:
- Newer filing states 'Despite expectations of U.S. falling into recession' vs. older filing's 'However, future economic conditions' in Business Outlook opening
- Newer filing refers to 'multifamily and mixed-use properties' vs. older filing's 'commercial and mixed-use properties' in market conditions description
- Newer filing's risk factors include 'impact on regional labor markets as a result of changes in immigration policies' vs. older filing's separate mentions of unemployment and labor shortages
- Newer filing consolidates uncertainty language around 'impacts and uncertainties from political unrest, changes to trade policies, trade disputes and tariffs' vs. older filing's separate discussion of tariff timing/magnitude
- Newer filing mentions 'increasing energy costs' earlier in the risk factors list vs. older filing which listed it separately
- Notes:
- The MD&A excerpt for the newer filing appears to be incomplete/truncated at the end ('Our Manager continuously reviews our investment and financing strategies for optimization and to reduce')
- The older filing's detailed 'The One Big Beautiful Bill Act and Opportunity Zones 2.0' section is not included in the newer filing excerpt provided, making full comparison of that section impossible
- Comparison is limited to the portions of MD&A provided; other sections not shown may contain additional changes
Risk Factors
- Added:
- Reference to 'One Big Beautiful Bill Act of 2025' added to forward-looking statements risk factors (filed 2026-05-13)
- New risk factor mentions 'recent military actions in Iran and the Middle East' (filed 2026-05-13)
- New risk factor mentions 'cybersecurity risks related to artificial intelligence and machine learning technology, including incidents impacting third-party service providers' (filed 2026-05-13)
- New line item 'Due from affiliates' of $14 thousand added to balance sheet assets (filed 2026-05-13)
- New line item 'Convertible loan receivable from affiliate' of $5,000 thousand added to balance sheet assets (filed 2026-05-13)
- Line item 'Intangible liabilities, net' of $1,107 thousand added to balance sheet liabilities (filed 2026-05-13)
- Removed:
- Reference to '10-K for the year ended December 31, 2024' removed and replaced with 'December 31, 2025' (filed 2026-05-13)
- Line item 'Loan from affiliate' of $2,600 thousand removed from balance sheet (filed 2026-05-13)
- Line item 'Lease liabilities' of $1,146 thousand removed from balance sheet (filed 2026-05-13)
- Line item 'Impairment of real estate' removed from consolidated statements of operations (filed 2026-05-13)
- Line item 'Loss on extinguishment of debt' removed from consolidated statements of operations (filed 2026-05-13)
- Reworded:
- Forward-looking statements risk factors reordered: 'recent military actions in Iran and the Middle East' inserted before 'cybersecurity risks' and after 'trade disputes and tariffs' (filed 2026-05-13)
- Balance sheet comparison dates changed from 'September 30, 2025 and December 31, 2024' to 'March 31, 2026 and December 31, 2025' (filed 2026-05-13)
- Statement of Operations comparison changed from 'Three Months Ended September 30' and 'Nine Months Ended September 30' to 'Three Months Ended March 31' only (filed 2026-05-13)
- Statement of Operations year references changed from '2025' and '2024' to '2026' and '2025' (filed 2026-05-13)
- Notes:
- The newer filing provides only three-month period data (Q1 2026) while older filing provided both three-month and nine-month period data
- Balance sheet structure remains similar but with different account line items reflecting changed operations and financing
- The two filings appear to be from different quarterly periods (Q1 2026 vs Q3 2025) making direct operational comparison limited
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Institutional ownership (13F)
2 institutional 13F filers reported holding OZ as of 2025-12-31 (quarter-end position, filed within 45 days).
- Distinct 13F filers 2
- Reported shares held 12,902
- Reported value $839,017
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Short interest (FINRA)
OZ had 127,043 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
Short interest as a percent of shares outstanding is not shown for OZ because we do not hold a verified share count to divide it by. The reported figures above are unaffected.
- Reported short interest (shares) 127,043
- Prior settlement (shares) 128,249
- Reported change -0.94%
- Days to cover (reported) 26.88
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does Belpointe PREP, LLC (OZ) do?
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.
What sector is Belpointe PREP, LLC (OZ) in?
Belpointe PREP, LLC (OZ) is classified in the Real Estate sector. Its industry is Qualified opportunity zone real estate fund / diversified REIT. It trades on NYSE.
Who are Belpointe PREP, LLC's (OZ) competitors?
Notable peers of Belpointe PREP, LLC (OZ) include Blackstone Real Estate Income Trust, Realty Income, STAG Industrial and W. P. Carey Inc.. This peer set is informational only — not financial advice.
Is Belpointe PREP, LLC (OZ) overbought or oversold right now?
Belpointe PREP, LLC (OZ) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 59, in the neutral middle (as of 2026-08-26). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on OZ come from?
Fundamentals and prices come from market data, as of 2026-08-27; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-27. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-26.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.