NYSEAMERICAN : OZ
Belpointe PREP, LLC — Financial statements
Real Estate · Real Estate - Development · United States
Last price 34.6947 USD (Oct 30, 2026, 10:00 AM EDT) · Market cap 140.64M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 15.05M | 9.19M | 2.67M | 2.25M | 1.39M | 997.00K |
| Total Revenue | 15.05M | 9.19M | 2.67M | 2.25M | 1.39M | 997.00K |
| Property Expenses | 18.25M | 14.97M | 6.84M | 4.18M | 3.81M | 1.14M |
| Selling, General & Administrative | 6.37M | 6.17M | 5.11M | 6.33M | 5.80M | 2.92M |
| Depreciation & Amortization | 11.10M | 8.71M | 4.21M | 2.07M | 1.29M | 588.00K |
| Total Operating Expenses | 35.71M | 29.84M | 16.16M | 12.58M | 10.90M | 4.65M |
| Operating Income | -20.66M | -20.65M | -13.49M | -10.33M | -9.51M | -3.65M |
| Interest Expense | -21.07M | -17.44M | -10.01M | |||
| Interest & Investment Income | 930.00K | 1.03M | 646.00K | 113.00K | 1.85M | 369.00K |
| Other Non-Operating Income | 15.00K | -46.00K | -228.00K | -87.00K | -469.00K | -7.00K |
| EBT Excluding Unusual Items | -40.78M | -37.11M | -23.08M | -10.30M | -8.13M | -3.29M |
| Gain (Loss) on Sale of Investments | 251.00K | |||||
| Asset Writedown | -777.00K | -4.06M | ||||
| Other Unusual Items | -2.96M | -2.96M | ||||
| Pretax Income | -43.74M | -40.07M | -23.86M | -14.36M | -8.13M | -3.04M |
| Income Tax Expense | 1.00K | 1.00K | 112.00K | |||
| Earnings From Continuing Operations | -43.74M | -40.07M | -23.86M | -14.36M | -8.24M | -3.04M |
| Minority Interest in Earnings | 36.00K | 25.00K | 11.00K | 555.00K | -93.00K | |
| Net Income | -43.71M | -40.05M | -23.86M | -14.35M | -7.68M | -3.13M |
| Net Income to Common | -43.71M | -40.05M | -23.86M | -14.35M | -7.68M | -3.13M |
| Basic Shares Outstanding | 4.01M | 3.94M | 3.76M | 3.72M | 3.62M | 3.48M |
| Diluted Shares Outstanding | 4.01M | 3.94M | 3.76M | 3.72M | 3.62M | 3.48M |
| EPS (Basic) | -10.90 | -10.17 | -6.34 | -3.86 | -2.12 | -0.90 |
| EPS (Diluted) | -10.90 | -10.17 | -6.34 | -3.86 | -2.12 | -0.90 |
| Operating Margin | -137.29% | -224.80% | -504.30% | -458.16% | -683.47% | -366.60% |
| Profit Margin | -290.46% | -435.90% | -891.81% | -636.69% | -552.34% | -314.44% |
| EBITDA | -7.24M | -9.87M | -7.98M | -9.08M | -8.45M | -3.18M |
| EBITDA Margin | -48.13% | -107.47% | -298.24% | |||
| D&A For Ebitda | 13.42M | 10.78M | 5.51M | 1.25M | 1.06M | 479.00K |
| EBIT | -20.66M | -20.65M | -13.49M | -10.33M | -9.51M | -3.65M |
| EBIT Margin | -137.29% | -224.80% | ||||
| Revenue as Reported | 15.05M | 9.19M | 2.67M | 2.25M | 1.39M | 997.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 520.42M | 524.71M | 477.93M | 346.07M | 194.55M | 115.01M |
| Total Real Estate Assets | 520.42M | 524.71M | 477.93M | 346.07M | 194.55M | 115.01M |
| Cash & Equivalents | 15.64M | 24.34M | 24.74M | 20.12M | 143.47M | 192.13M |
| Other Receivables | 20.30M | |||||
| Other Intangible Assets | 7.12M | 7.17M | 7.34M | 7.47M | 8.70M | 9.29M |
| Loans Receivable Current | 3.46M | |||||
| Restricted Cash | 6.38M | 4.33M | 4.09M | 3.46M | 1.50M | 215.00K |
| Trading Asset Securities | 62.00K | 11.00K | 3.00K | 93.00K | ||
| Other Long-Term Assets | 7.08M | 3.63M | 3.48M | 4.90M | 5.77M | 1.03M |
| Total Assets | 561.77M | 564.20M | 517.59M | 382.12M | 354.00M | 341.43M |
| Long-Term Debt | 279.08M | 260.64M | 177.02M | 19.68M | ||
| Long-Term Leases | 1.32M | 7.13M | 2.00M | |||
| Accounts Payable | 3.12M | 12.38M | 13.32M | 12.58M | 1.69M | 1.35M |
| Accrued Expenses | 21.09M | 14.83M | 19.37M | 19.47M | 12.53M | 3.21M |
| Other Long-Term Liabilities | 1.09M | 1.13M | 1.23M | |||
| Total Liabilities | 304.37M | 288.98M | 213.53M | 57.05M | 21.34M | 17.55M |
| Common Stock | 256.81M | 272.96M | 301.78M | 322.63M | 329.48M | 323.68M |
| Total Common Equity | 256.81M | 272.96M | 301.78M | 322.63M | 329.48M | 323.68M |
| Minority Interest | 595.00K | 2.26M | 2.28M | 2.44M | 3.17M | 192.00K |
| Shareholders' Equity | 257.40M | 275.21M | 304.06M | 325.06M | 332.65M | 323.88M |
| Total Liabilities & Equity | 561.77M | 564.20M | 517.59M | 382.12M | 354.00M | 341.43M |
| Total Debt | 279.08M | 260.64M | 179.62M | 25.00M | 7.13M | 12.99M |
| Net Cash (Debt) | -263.38M | -236.28M | -154.88M | -4.78M | 136.34M | 179.14M |
| Net Cash Per Share | -65.68 | -60.02 | -41.15 | -1.29 | 37.63 | 51.45 |
| Filing Date Shares Outstanding | 4.05M | 4.00M | 3.77M | 3.73M | 3.62M | 3.48M |
| Total Common Shares Outstanding | 4.01M | 3.94M | 3.76M | 3.72M | 3.62M | 3.48M |
| Book Value Per Share | 64.04 | 69.34 | 80.17 | 86.67 | 90.93 | 92.95 |
| Tangible Book Value | 249.69M | 265.78M | 294.43M | 315.15M | 320.78M | 314.39M |
| Tangible Book Value Per Share | 62.27 | 67.51 | 78.22 | 84.66 | 88.53 | 90.29 |
| Land | 63.12M | 63.12M | 51.04M | 38.74M | 38.74M | 22.12M |
| Buildings | 411.94M | 410.26M | 238.68M | 17.94M | 17.84M | 16.26M |
| Construction In Progress | 57.88M | 57.84M | 191.31M | 291.13M | 133.90M | 76.88M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -43.71M | -40.05M | -23.86M | -14.35M | -7.68M | -3.13M |
| Depreciation & Amortization | 13.42M | 10.78M | 5.51M | 1.25M | 1.06M | 479.00K |
| Gain (Loss) on Sale of Investments | -25.00K | 32.00K | 225.00K | 66.00K | -251.00K | |
| Asset Writedown | 777.00K | 4.06M | ||||
| Change in Accounts Payable | 115.00K | -130.00K | -248.00K | 479.00K | -186.00K | -86.00K |
| Change in Other Net Operating Assets | 1.08M | 1.22M | 3.90M | 1.56M | 713.00K | 632.00K |
| Other Operating Activities | 2.92M | 2.94M | -11.00K | -555.00K | 93.00K | |
| Operating Cash Flow | -26.19M | -25.21M | -13.69M | -6.95M | -6.65M | -2.27M |
| Acquisition of Real Estate Assets | -28.79M | -61.79M | -137.84M | -144.92M | -66.85M | -59.99M |
| Net Sale / Acq. of Real Estate Assets | -28.79M | -61.79M | -137.84M | -144.92M | -66.85M | -59.99M |
| Cash Acquisition | 87.00K | 16.67M | ||||
| Other Investing Activities | -284.00K | -192.00K | -244.00K | -200.00K | -225.00K | -43.00K |
| Investing Cash Flow | -34.07M | -61.98M | -138.09M | -145.12M | -63.53M | -43.37M |
| Short-Term Debt Issued | 2.60M | 5.50M | 39.00M | |||
| Long-Term Debt Issued | 244.35M | 158.52M | 21.87M | |||
| Total Debt Issued | 212.95M | 244.35M | 161.12M | 27.37M | 39.00M | |
| Short-Term Debt Repaid | -2.60M | -4.00M | -1.50M | |||
| Long-Term Debt Repaid | -164.37M | -10.80M | ||||
| Total Debt Repaid | -168.47M | -166.97M | -4.00M | -1.50M | -10.80M | |
| Net Debt Issued (Repaid) | 44.48M | 77.38M | 157.12M | 25.87M | -10.80M | 39.00M |
| Issuance of Common Stock | 11.02M | 11.26M | 3.06M | 7.93M | 34.42M | 192.91M |
| Other Financing Activities | -2.94M | -1.61M | -3.16M | -3.12M | -823.00K | -508.00K |
| Net Cash Flow | -7.71M | -159.00K | 5.25M | -121.38M | -47.38M | 185.77M |
| Levered Free Cash Flow | -27.96M | -18.74M | -9.17M | 10.67M | 27.25M | -22.10M |
| Unlevered Free Cash Flow | -14.79M | -7.84M | -2.91M | 10.67M | 27.25M | -22.10M |
| Change in Working Capital | 1.20M | 1.09M | 3.65M | 2.04M | 527.00K | 546.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 137.82M | 253.04M | 290.03M | 284.24M | 355.44M | 760.53M |
| Enterprise Value | 401.20M | 480.83M | 416.32M | 272.03M | 218.92M | 779.09M |
| Last Close Price | 34.00 | 65.03 | 77.40 | 77.25 | 100.00 | 100.07 |
| PS Ratio | 9.16 | 27.54 | 108.42 | 126.11 | 255.53 | 762.82 |
| PB Ratio | 0.53 | 0.92 | 0.95 | 0.87 | 1.07 | 2.35 |
| EV/Sales Ratio | 26.66 | 52.34 | 155.63 | 120.69 | 157.38 | 781.44 |
| Debt / Equity Ratio | 1.08 | 0.95 | 0.59 | 0.08 | 0.02 | 0.04 |
| Net Debt / Equity Ratio | 1.02 | 0.86 | 0.51 | 0.01 | -0.41 | -0.55 |
| Net Debt / EBITDA Ratio | -36.37 | -23.93 | -19.41 | -0.53 | 16.14 | 56.41 |
| Asset Turnover | 0.03 | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 |
| Quick Ratio | 0.65 | 0.90 | 0.70 | 0.56 | 10.09 | 13.66 |
| Current Ratio | 1.12 | 1.05 | 0.82 | 0.66 | 10.20 | 13.90 |
| Return on Equity (ROE) | -15.93% | -13.84% | -7.58% | -4.37% | -2.51% | -1.88% |
| Return on Assets (ROA) | -2.31% | -2.39% | -1.87% | -1.75% | -1.71% | -1.21% |
| Earnings Yield | -32.06% | -15.83% | -8.22% | -5.05% | -2.16% | -0.41% |
| Buyback Yield / Dilution | -4.85% | -4.58% | -1.12% | -2.73% | -4.06% |