NYSE$OZ
Belpointe Prep Llc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Belpointe PREP reported Q1 2026 rental revenue of $4.2M (+143% YoY) with a net loss of $10.7M, or $2.75 per unit.
For the three months ended March 31, 2026, Belpointe PREP (OZ) reported total revenue of $4.2 million, up from $1.7 million, driven by higher rental revenue as the real-estate platform scaled assets. Total expenses rose to $15.2 million on property costs, G&A, interest, and depreciation. The net loss attributable to Belpointe PREP was $10.7 million versus $8.6 million a year ago; diluted loss per Class A unit was $2.75.
- Rental revenue $4.2M vs $1.7M prior-year quarter.
- Net loss attributable to Belpointe PREP $(10.7)M; loss per unit $(2.75).
- Property and interest expenses increased with portfolio growth.
- REIT-style 10-Q; no product revenue—performance tied to acquisitions and lease-up.
- Forward-looking statements emphasize capital markets and development execution risk.
Headline financials
Revenue & EPS history
Belpointe Prep · Revenue · Quarterly
$4.24M
Forward guidance
No quantitative earnings guidance in the 10-Q; management discusses deployment of capital into development projects and sensitivity to rates, insurance, and lease-up timing.
Tailwinds
- Rental revenue more than doubled year over year.
- Portfolio expansion supports long-term NOI growth potential.
Headwinds
- Wider net loss as operating and interest costs scale.
- High dependence on transaction and financing markets.
- Development and lease-up delays could pressure returns.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2026
+0.1%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.6%
Avg return
30 days after
67%
14 / 21 earnings
Positive
+2.4%
Q3 2023
Best reaction
-7.4%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | -0.6% | -7.0% | |
| Q4 2025 | -7.4% | -3.0% | -5.2% | |
| Q3 2025 | -2.5% | +0.1% | +4.0% | |
| Q2 2025 | +0.4% | -2.7% | +0.8% | |
| Q1 2025 | -1.6% | -2.7% | -0.4% | |
| Q3 2024 | -0.6% | +0.4% | +12.9% | |
| Q2 2024 | +0.4% | +5.0% | +14.2% | |
| Q1 2024 | -0.1% | +1.6% | -0.8% | |
| Q4 2023 | +2.0% | +2.8% | -2.0% | |
| Q2 2023 | +2.0% | +2.8% | -2.0% | |
| Q3 2023 | +2.4% | +3.0% | +7.0% | |
| Q1 2023 | +0.0% | +0.4% | -4.2% | |
| Q2 2022 | +0.5% | +0.2% | -0.4% | |
| Q4 2022 | +0.5% | +0.2% | -0.4% | |
| Q3 2022 | +2.1% | +5.4% | +9.2% | |
| Q2 2021 | +0.4% | +0.6% | +0.6% | |
| Q1 2021 | +0.1% | -0.4% | -1.5% | |
| Q1 2022 | +0.1% | -0.4% | -1.5% | |
| Q4 2021 | +1.7% | +6.1% | +9.2% | |
| Q3 2021 | +0.0% | +0.0% | +0.0% | |
| Q3 2020 | +0.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro