Belpointe PREP (OZ) Operating Expenses (2021 - 2026)
Belpointe PREP (OZ) reported Operating Expenses of $15.2 million for Q1 2026, up 43.08% on a YoY basis from $10.6 million in Q1 2025, and up 1.22% sequentially from $15.0 million in Q4 2025.
Belpointe PREP (OZ) Operating Expenses (2021 - 2026) Analysis & Trends
Belpointe PREP (OZ) has 6 years of Operating Expenses data on file, last reported at $15.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 43.08% year-over-year to $15.2 million; the trailing twelve-month figure through Mar 2026 stood at $51.8 million (up 56.58% YoY), and the FY2025 full-year result was $47.3 million, up 75.45% from the prior year.
- Operating Expenses advanced to $15.2 million in Q1 2026, 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.
- A 5-year average of $6.9 million and a median of $5.1 million in 2023 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 937.36% in 2022, while the deepest fall reached 8.75% in 2022.
- Tracing OZ's Operating Expenses over 5 years: stood at $3.3 million in 2022, then jumped by 36.87% to $4.5 million in 2023, then soared by 113.0% to $9.6 million in 2024, then jumped by 56.29% to $15.0 million in 2025, then grew by 1.22% to $15.2 million in 2026.
- Business Quant data shows OZ's Operating Expenses at $15.2 million in Q1 2026, $15.0 million in Q4 2025, and $11.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 29.26 Bn | 29.26 Bn | - | -9.30 Mn |
| 2 | Howard Hughes Holdings | 3.93 Bn | 3.93 Bn | 182.88 Mn | 185.37 Mn |
| 3 | Century Communities | 2.06 Bn | 1.97 Bn | 190.18 Mn | -173,000.00 |
| 4 | Forestar | 1.46 Bn | 1.06 Bn | 84.10 Mn | 38.30 Mn |
| 5 | Five Point Holdings | 417.77 Mn | 68.40 Mn | -23.72 Mn | 21.49 Mn |
| 6 | Belpointe PREP | 178.93 Mn | 178.93 Mn | - | 15.16 Mn |
| 7 | Smith Douglas Homes | 139.28 Mn | 111.29 Mn | 40.45 Mn | 35.91 Mn |
| 8 | Amrep | 122.11 Mn | 69.42 Mn | 4.41 Mn | 8.90 Mn |
| 9 | Logistic Properties of the Americas | 95.17 Mn | 95.17 Mn | - | -4.07 Mn |
| 10 | Kaanapali Land | 55.35 Mn | 18.66 Mn | 10.32 Mn | 432,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |