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| 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 |