Belpointe PREP (NYSE: OZ) reports NAV $116.25 per Class A unit
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Belpointe PREP, LLC reported a net asset value (NAV) of $453,157,249 as of March 31, 2026, with a reported NAV per Class A unit of $116.25 based on 3,898,104 Class A units outstanding.
Total assets were $755,611,260, including $724,820,038 of investments in real properties and $19,568,237 in cash and cash equivalents. Total liabilities were $302,454,011, primarily from $279,428,825 of debt and other borrowings. The Manager applies its valuation policies to estimate the price that would be received for the company’s assets in an arm’s-length transaction and notes there is no guarantee units will trade at NAV.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Net asset value: $453,157,249
NAV per Class A unit: $116.25
Total assets: $755,611,260
+5 more
8 metrics
Net asset value
$453,157,249
As of March 31, 2026
NAV per Class A unit
$116.25
As of March 31, 2026
Total assets
$755,611,260
As of March 31, 2026
Investments in real properties
$724,820,038
Component of total assets
Cash and cash equivalents
$19,568,237
Component of total assets
Total liabilities
$302,454,011
As of March 31, 2026
Debt and other borrowings
$279,428,825
Component of total liabilities
Class A units outstanding
3,898,104 units
As of March 31, 2026
Key Terms
net asset value, NAV per Class A unit, emerging growth company, management fees, +1 more
5 terms
net asset value financial
"quarterly determination of net asset value (“NAV”) and NAV per Class A unit"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
management fees financial
"including the allocation or accrual of management fees, allocation or accrual of gains"
Management fees are the regular charges a fund or investment manager takes for running an investment vehicle, covering tasks like selecting assets, monitoring portfolios and handling paperwork. For investors, these fees reduce returns over time much like an ongoing subscription cuts into your monthly budget—so lower fees or clearer value from the manager can meaningfully affect net gains and long-term performance.
construction loans financial
"less any liabilities (such as our construction loans), including the allocation"
