Belpointe PREP (OZ) Rent Expense (2021 - 2026)
Belpointe PREP (OZ) reported Rent Expense of $5.0 million for Q1 2026, up 84.99% on a YoY basis from $2.7 million in Q1 2025, and up 11.28% sequentially from $4.5 million in Q4 2025.
Belpointe PREP (OZ) Rent Expense (2021 - 2026) Analysis & Trends
Belpointe PREP (OZ) has 6 years of Rent Expense data on file, last reported at $5.0 million in Q1 2026.
- For the quarter ending Q1 2026, Rent Expense rose 84.99% year-over-year to $5.0 million; the trailing twelve-month figure through Mar 2026 stood at $17.3 million (up 108.5% YoY), and the FY2025 full-year result was $15.0 million, up 118.83% from the prior year.
- Rent Expense improved to $5.0 million in Q1 2026, from $4.5 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $5.0 million in Q1 2026 to a low of $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.
- Across the five-year window, Rent Expense surged 1177.46% in 2022 and grew 4.83% in 2023, its largest moves.
- Tracing OZ's Rent Expense over 5 years: stood at $1.0 million in 2022, then advanced 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 advanced by 11.28% to $5.0 million in 2026.
- Business Quant data shows OZ's Rent Expense at $5.0 million in Q1 2026, $4.5 million in Q4 2025, and $3.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Vesta Real Estate Corporation, S.A.B. de C.V | 29.69 Bn | 29.69 Bn | - | - |
| 2 | Howard Hughes Holdings | 3.89 Bn | 3.89 Bn | 182.88 Mn | - |
| 3 | Century Communities | 2.07 Bn | 1.97 Bn | 190.18 Mn | - |
| 4 | Forestar | 1.51 Bn | 1.12 Bn | 84.10 Mn | - |
| 5 | Five Point Holdings | 413.96 Mn | 64.59 Mn | -23.72 Mn | - |
| 6 | Belpointe PREP | 178.93 Mn | 178.93 Mn | - | 5.00 Mn |
| 7 | Smith Douglas Homes | 139.69 Mn | 111.70 Mn | 40.45 Mn | - |
| 8 | Amrep | 122.05 Mn | 69.36 Mn | 4.41 Mn | - |
| 9 | Logistic Properties of the Americas | 93.27 Mn | 93.27 Mn | - | - |
| 10 | Kaanapali Land | 55.35 Mn | 18.66 Mn | 10.32 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 |