Belpointe PREP (OZ) Rent Expense (2021 - 2026)
Belpointe PREP (OZ) reported Rent Expense of $5 million for Q1 2026, up 85.0% from $2.7 million a year earlier and up 11.3% from the prior quarter.
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Analysis
Belpointe PREP (OZ) Rent Expense (2021 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, Belpointe PREP's Rent Expense came in at $17.26 million, up 108.5% year-over-year; for FY2025, it was $14.97 million, up 118.8% from FY2024.
- Rent Expense has increased for four consecutive years, with a four-year compound annual growth rate of 90.3% (FY2021 to FY2025).
- By year, Rent Expense came in at $6.84 million in FY2024 (+63.7%), $4.18 million in FY2023 (+9.7%), $3.81 million in FY2022 (+234.1%) and $1.14 million in FY2021.
- The Q1 2026 figure ranks as the highest quarterly Rent Expense in data going back to Q1 2021.
- Year over year, Rent Expense has now increased in each of the last 16 quarters, with growth averaging 100.6% over the last eight quarters.
- The year-over-year growth in Rent Expense has ranged between 4.8% (Q3 2023) and 862.5% (Q2 2022) over the last five years.
- Per Business Quant data, the three quarters before Q1 2026 came in at $4.5 million (Q4 2025), $3.8 million (Q3 2025) and $3.97 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Texas Pacific Land | 22.67 Bn | 21.49 Bn | - | - |
| 2 | Eason Technology | 6.61 Bn | 6.61 Bn | - | - |
| 3 | LandBridge | 6.19 Bn | 6.54 Bn | 65.71 Mn | - |
| 4 | Millrose Properties | 4.09 Bn | 4.09 Bn | - | - |
| 5 | St Joe | 3.77 Bn | 3.27 Bn | 73.42 Mn | - |
| 6 | Vesta Real Estate Corporation, S.A.B. de C.V | 2.87 Bn | 2.87 Bn | - | - |
| 7 | Opendoor Technologies | 2.30 Bn | -1.52 Bn | 86.00 Mn | - |
| 8 | Forestar | 1.33 Bn | -18.53 Mn | 84.10 Mn | - |
| 9 | Five Point Holdings | 699.67 Mn | 728.44 Mn | -23.72 Mn | - |
| 10 | Belpointe PREP | 163.39 Mn | 163.39 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 5.00 Mn |
| Dec 31, 2025 | 4.50 Mn |
| Sep 30, 2025 | 3.80 Mn |
| Jun 30, 2025 | 3.97 Mn |
| Mar 31, 2025 | 2.70 Mn |
| Dec 31, 2024 | 2.06 Mn |
| Sep 30, 2024 | 2.08 Mn |
| Jun 30, 2024 | 1.43 Mn |
| Mar 31, 2024 | 1.26 Mn |
| Dec 31, 2023 | 1.15 Mn |
| Sep 30, 2023 | 1.02 Mn |
| Jun 30, 2023 | 989,000.00 |
| Mar 31, 2023 | 1.02 Mn |
| Dec 31, 2022 | 1.01 Mn |
| Sep 30, 2022 | 973,000.00 |
| Jun 30, 2022 | 924,000.00 |
| Mar 31, 2022 | 907,000.00 |
| Dec 31, 2021 | 825,000.00 |
| Sep 30, 2021 | 148,000.00 |
| Jun 30, 2021 | 96,000.00 |
API Access
Belpointe PREP Rent Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=rent-expense&ticker=OZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "ticker": "OZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=rent-expense&ticker=OZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();