Belpointe PREP (OZ) Operating Expenses (2021 - 2026)
Belpointe PREP's Operating Expenses was $3 million in Q2 2026, down 69.6% from $9.88 million a year earlier and down 80.2% from the prior quarter.
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Analysis
Belpointe PREP (OZ) Operating Expenses (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, Belpointe PREP's Operating Expenses was $44.96 million through Jun 30, 2026, up 18.8% year-over-year; for FY2025, it was $47.28 million, up 75.4% from FY2024.
- Operating Expenses has now increased for four consecutive years, with a five-year compound annual growth rate of 197.2% (FY2020 to FY2025).
- In earlier years, Operating Expenses was $26.95 million in FY2024 (+61.9%), $16.64 million in FY2023 (+52.7%), $10.9 million in FY2022 (+134.3%) and $4.65 million in FY2021.
- The Q2 2026 figure marks the lowest quarterly Operating Expenses since Q3 2022.
- Compared with a year earlier, Operating Expenses was higher in seven of the last eight quarters, with growth averaging 66.5%.
- The best year-over-year quarter for Operating Expenses over five years was Q1 2022 (growth of 937.4%); the worst was Q2 2026 (a decline of 69.6%).
- Per Business Quant data, OZ's Operating Expenses in the three quarters before Q2 2026 was $15.16 million (Q1 2026), $14.98 million (Q4 2025) and $11.83 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.67 Bn | 21.49 Bn | - | 54.24 Mn |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.19 Bn | 6.54 Bn | 65.71 Mn | 15.90 Mn |
| 4 | Millrose Properties | 4.09 Bn | 4.09 Bn | - | 29.22 Mn |
| 5 | St Joe | 3.77 Bn | 3.27 Bn | 73.42 Mn | 104.06 Mn |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | -8.70 Mn |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn | 230.00 Mn |
| 8 | Forestar | 1.33 Bn | -18.53 Mn | 84.10 Mn | 38.30 Mn |
| 9 | Five Point Holdings | 699.67 Mn | 728.44 Mn | -23.72 Mn | 21.49 Mn |
| 10 | Belpointe PREP | 163.39 Mn | 163.39 Mn | - | 3.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.00 Mn |
| Mar 31, 2026 | 15.16 Mn |
| Dec 31, 2025 | 14.98 Mn |
| Sep 30, 2025 | 11.83 Mn |
| Jun 30, 2025 | 9.88 Mn |
| Mar 31, 2025 | 10.60 Mn |
| Dec 31, 2024 | 9.58 Mn |
| Sep 30, 2024 | 7.80 Mn |
| Jun 30, 2024 | 5.13 Mn |
| Mar 31, 2024 | 4.43 Mn |
| Dec 31, 2023 | 4.50 Mn |
| Sep 30, 2023 | 3.78 Mn |
| Jun 30, 2023 | 5.06 Mn |
| Mar 31, 2023 | 3.30 Mn |
| Dec 31, 2022 | 3.29 Mn |
| Sep 30, 2022 | 2.12 Mn |
| Jun 30, 2022 | 2.66 Mn |
| Mar 31, 2022 | 2.83 Mn |
| Dec 31, 2021 | 3.60 Mn |
| Sep 30, 2021 | 487,000.00 |
API Access
Belpointe PREP Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=OZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "OZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=OZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();