OZ
Belpointe PREP, LLC65.75
+1.35+2.1%
Dec 16, 3:39:47 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
249.27MP/E (TTM)
-Basic EPS (TTM)
-9.90Dividend Yield
0%Recent Filings
8-K
Belpointe funds Tokeneke property
Belpointe PREP funded $5M of a property purchase at 100 Tokeneke Road, Darien, CT, via a convertible note to Tokeneke Road at 3.6% interest, due March 3, 2027, convertible at $14.50 per Tokeneke Partners Class A unit. A related party chipped in $3.25M on identical terms, with $625k mandatorily converting to secure 50% ownership. Conflicts Committee approved. Short-term bridge financing.
8-K
Property contribution with put/call rights
Belpointe PREP entered a letter agreement on January 6, 2026, where Daniel Suozzi contributed his interest in 100 Tokeneke Road, Darien property, to subsidiary Tokeneke Partners for 243,000 Class B units at $14.50 each. Suozzi holds a put option through May 2027; Tokeneke Manager has a call through December 2027—both settled in Belpointe Class A units at market price. Company commits to resale registration. Options revive post-financing if needed.
10-Q
Q3 FY2025 results
Belpointe PREP's Q3 FY2025 rental revenue jumped 177% y/y to $2.4M (derived), driven by Aster & Links lease-up, while property expenses rose 43% y/y to $4.0M (derived) amid stabilization. Yet net loss widened to $12.1M from $6.9M y/y, or $3.21 per Class A unit (3.8M shares), mainly from $3.0M debt extinguishment loss and higher interest expense. Debt climbed to $251M (net) from $177M at YE2024, with $173M drawn on new Aster & Links loans (SOFR+2.55%, Oct 2027). Cash rose to $30M. Cash flow from operations was negative $15M YTD (derived). Litigation risk lingers from Storrs property dispute.
8-K
Secures $204.1M project financing
Belpointe PREP subsidiary secured up to $163.3 million variable-rate mortgage loan and $40.8 million mezzanine loan for its Aster & Links project in Sarasota, Florida, effective September 29, 2025. Initial advances refinanced prior OZK construction and Southern Realty mezzanine debt, with $114.1 million and $34.6 million deployed respectively. Rates start at Term SOFR plus 1.5% and 6.75%. Matures October 11, 2027, with two optional one-year extensions.
8-K
Nashville land sale deal
Belpointe PREP subsidiary inked a deal on September 15, 2025, to sell its 3.2-acre Nashville land at 900 8th Avenue South for $19.3 million, adjustable for extra units. Closing eyed no sooner than early 2026 after entitlements and inspections, backed by $150,000 non-refundable earnest money post-inspection. Deal advances liquidity while exposed to buyer extensions and customary outs.
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