Belpointe PREP (OZ) Operating Expenses (2021 - 2026)

Belpointe PREP's (OZ) quarterly Operating Expenses came in at $15.2 million in Q1 2026, up 43.08% year-on-year from $10.6 million in Q1 2025, and up 1.22% quarter-over-quarter from $15.0 million in Q4 2025.

Belpointe PREP (OZ) Operating Expenses (2021 - 2026) Analysis & Trends

Belpointe PREP has disclosed Operating Expenses across 6 years of filings, most recently posting $15.2 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $15.2 million, up 43.08% year-over-year; the trailing twelve-month figure through Mar 2026 was $51.8 million (up 56.58% YoY), and the FY2025 annual result was $47.3 million, up 75.45% from the prior year.
  • Operating Expenses came in at $15.2 million for Q1 2026 at Belpointe PREP, up from $15.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $15.2 million in Q1 2026 to a low of $2.1 million in Q3 2022.
  • The 5-year median for Operating Expenses is $5.1 million (2023), against an average of $6.9 million.
  • Peak annual rise in Operating Expenses reached 937.36% in 2022, while the deepest fall reached 8.75% in 2022.
  • Belpointe PREP's Operating Expenses stood at $3.3 million in 2022, then surged by 36.87% to $4.5 million in 2023, then jumped by 113.0% to $9.6 million in 2024, then surged by 56.29% to $15.0 million in 2025, then increased by 1.22% to $15.2 million in 2026.
  • The last three Operating Expenses figures came in at $15.2 million (Q1 2026), $15.0 million (Q4 2025), and $11.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Vesta Real Estate Corporation, S.A.B. de C.V 19.65 Bn 19.45 Bn - -9.80 Mn
2 Howard Hughes Holdings 3.99 Bn 2.22 Bn 182.88 Mn 185.37 Mn
3 Century Communities 1.70 Bn 1.62 Bn 637.90 Mn 22.22 Mn
4 Forestar 1.48 Bn 1.12 Bn 80.20 Mn 37.90 Mn
5 Five Point Holdings 361.15 Mn 1.49 Bn 13.58 Mn 23.22 Mn
6 Sky Harbour 317.31 Mn 324.50 Mn 7.09 Mn 14.05 Mn
7 Belpointe PREP 180.46 Mn 161.50 Mn - 15.16 Mn
8 Amrep 138.84 Mn 88.35 Mn 14.23 Mn 11.57 Mn
9 Smith Douglas Homes 121.76 Mn 447.61 Mn 40.45 Mn 35.91 Mn
10 JFB Construction Holdings 88.07 Mn 62.81 Mn 681,192.00 2.70 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 290,000.00