Belpointe PREP (OZ) Rent Expense (2021 - 2026)
Belpointe PREP (OZ) posted Rent Expense of $5.0 million for Q1 2026, up 11.28% sequentially from $4.5 million in Q4 2025, and up 84.99% YoY from $2.7 million in Q1 2025.
Belpointe PREP (OZ) Rent Expense (2021 - 2026) Analysis & Trends
Belpointe PREP has reported Rent Expense for 6 years, with the latest figure at $5.0 million in Q1 2026.
- Quarterly Rent Expense rose 84.99% year-over-year to $5.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $17.3 million (up 108.5% YoY) and the FY2025 annual result came in at $15.0 million, up 118.83% from the prior year.
- Rent Expense improved to $5.0 million in Q1 2026 per OZ's latest filing, from $4.5 million in the prior quarter.
- Over five years, Rent Expense peaked at $5.0 million in Q1 2026 and troughed at $907000.0 in Q1 2022.
- A 5-year average of $2.0 million and a median of $1.3 million in 2024 frame the typical range for Rent Expense.
- The sharpest annual moves came in 2022 and 2023: Rent Expense jumped 1177.46% in 2022, then rose 4.83% in 2023.
- Over 5 years, Rent Expense stood at $1.0 million in 2022, then increased by 14.63% to $1.2 million in 2023, then soared by 79.17% to $2.1 million in 2024, then jumped by 117.78% to $4.5 million in 2025, then increased by 11.28% to $5.0 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $5.0 million, $4.5 million, and $3.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Howard Hughes Holdings | 4.02 Bn | 4.02 Bn | 1.07 Bn | - |
| 2 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.92 Bn | 2.92 Bn | - | - |
| 3 | Century Communities | 1.99 Bn | 1.90 Bn | 190.18 Mn | - |
| 4 | Forestar | 1.48 Bn | 1.09 Bn | 84.10 Mn | - |
| 5 | Five Point Holdings | 389.61 Mn | 40.24 Mn | -23.72 Mn | - |
| 6 | Belpointe PREP | 186.28 Mn | 186.28 Mn | - | 5.00 Mn |
| 7 | Amrep | 124.06 Mn | 71.37 Mn | 4.41 Mn | - |
| 8 | Logistic Properties of the Americas | 105.87 Mn | 105.87 Mn | - | - |
| 9 | Smith Douglas Homes | 104.84 Mn | 90.64 Mn | 47.92 Mn | - |
| 10 | JFB Construction Holdings | 76.12 Mn | 68.15 Mn | 1.33 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.00 Mn |
| Mar 31, 2026 | 5.00 Mn |
| Dec 31, 2025 | 4.50 Mn |
| Dec 31, 2025 | 4.50 Mn |
| Sep 30, 2025 | 3.80 Mn |
| Sep 30, 2025 | 3.80 Mn |
| Jun 30, 2025 | 3.97 Mn |
| Jun 30, 2025 | 3.97 Mn |
| Mar 31, 2025 | 2.70 Mn |
| Mar 31, 2025 | 2.70 Mn |
| Dec 31, 2024 | 2.06 Mn |
| Dec 31, 2024 | 2.06 Mn |
| Sep 30, 2024 | 2.08 Mn |
| Sep 30, 2024 | 2.08 Mn |
| Jun 30, 2024 | 1.43 Mn |
| Jun 30, 2024 | 1.43 Mn |
| Mar 31, 2024 | 1.26 Mn |
| Mar 31, 2024 | 1.26 Mn |
| Dec 31, 2023 | 1.15 Mn |
| Dec 31, 2023 | 1.15 Mn |