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Belpointe PREP, LLC
CIK:0001807046|SEC Filings
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenue | ||||
| Rental revenue | $ 5,367 | $ 2,002 | $ 9,602 | $ 3,741 |
| Total revenue | 5,367 | 2,002 | 9,602 | 3,741 |
| Expenses | ||||
| Property expenses | 4,953 | 3,971 | 9,955 | 6,675 |
| General and administrative | 1,201 | 1,179 | 2,996 | 2,795 |
| Interest expense | 5,575 | 2,868 | 10,860 | 7,226 |
| Depreciation and amortization | 3,090 | 1,862 | 6,167 | 3,779 |
| Total expenses | 14,819 | 9,880 | 29,978 | 20,475 |
| Other income | ||||
| Interest income | 191 | 251 | 401 | 499 |
| Other income (expense) | 5 | (6) | 46 | (21) |
| Total other income | 196 | 245 | 447 | 478 |
| Net loss | (9,256) | (7,633) | (19,929) | (16,256) |
| Net loss attributable to noncontrolling interests | 13 | 6 | 21 | 10 |
| Net loss attributable to Belpointe PREP, LLC | $ (9,243) | $ (7,627) | $ (19,908) | $ (16,246) |
| Loss per Class A unit (basic and diluted) | ||||
| Net loss per unit basic | $ (2.37) | $ (2.06) | $ (5.12) | $ (4.41) |
| Net loss per unit diluted | $ (2.37) | $ (2.06) | $ (5.12) | $ (4.41) |
| Weighted-average units outstanding basic | 3,902,089 | 3,696,709 | 3,890,731 | 3,681,439 |
| Weighted-average units outstanding diluted | 3,902,089 | 3,696,709 | 3,890,731 | 3,681,439 |