Belpointe PREP, LLC
Description
Belpointe PREP, LLC focuses on identifying, acquiring, developing or redeveloping, and managing commercial real estate properties in the United States. It also intends to invest in and manage a real estate-related assets, including commercial real estate loans and mortgages; and debt and equity securities issued by other real estate-related companies, as well as private equity acquisitions and investments and opportunistic acquisitions of other qualified opportunity funds and qualified opportunity zone businesses. The company was incorporated in 2020 and is based in Greenwich, Connecticut.
About
CEO
Mr. Brandon Eric Lacoff Esq.
Employees
0
Instrument type
Common Stock
Sector
Real Estate
Industry
Real Estate - Development
MIC code
XASE
Address
255 Glenville Road, Greenwich, CT 06831, United States
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Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total reported revenue | 2.25M | 1.39M | 997,000 | 101,000 |
| Cost of revenue | 4.18M | 3.81M | 1.14M | 48,000 |
| Gross profit | -1.93M | -2.42M | -143,000 | 53,000 |
| Operating expense | ||||
| Research & development | — | — | — | — |
| Selling general and admin | 6.34M | 5.80M | 2.92M | 113,000 |
| Other operating expenses | — | — | — | — |
| Operating income | -10.33M | -9.51M | -3.66M | -103,000 |
| Non operating interest income | ||||
| Income | 113,000 | 1.85M | 369,000 | — |
| Expense | — | — | — | — |
| Other income expense | -4.15M | -469,000 | 244,000 | -9,000 |
| Pretax income | -14.36M | -8.13M | -3.04M | -112,000 |
| Tax provision | 1,000 | 112,000 | — | — |
| Net income | -14.36M | -8.24M | -3.04M | -112,000 |
| Basic EPS | -4.04 | -2.25 | -7.64 | -0.09 |
| Diluted EPS | -4.04 | -2.25 | -7.64 | -0.09 |
| Basic average shares | 3.55M | 3.42M | 410,194 | 1.25M |
| Diluted average shares | 3.55M | 3.42M | 410,194 | 1.25M |
| EBITDA | -4.20M | -8.22M | -3.32M | -60,000 |
| Net income from continuing op. | -14.36M | -8.24M | -3.04M | -112,000 |
| Minority interests | 11,000 | 555,000 | -93,000 | — |
| Preferred stock dividends | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 382.12M | 354.00M | 341.43M | 37.28M |
| Current assets | ||||
| Cash | — | — | — | — |
| Cash equivalents | — | — | — | — |
| Cash and cash equivalents | 20.13M | 143.47M | 192.13M | 6.58M |
| Other short term investments | — | — | — | — |
| Accounts receivable | — | — | — | — |
| Other receivables | — | — | 20.30M | — |
| Inventory | — | — | 4.01M | 2.01M |
| Prepaid assets | — | — | — | — |
| Restricted cash | — | — | — | — |
| Assets held for sale | — | — | — | — |
| Hedging assets | — | — | — | — |
| Other current assets | — | — | — | — |
| Non current assets | ||||
| Properties | — | — | — | — |
| Land and improvements | — | — | — | — |
| Machinery furniture equipment | — | — | — | — |
| Construction in progress | — | — | — | — |
| Leases | — | — | — | — |
| Accumulated depreciation | — | — | — | — |
| Goodwill | 7.47M | 8.70M | 9.29M | 1.99M |
| Investment properties | 353.54M | 198.26M | 124.30M | 30.25M |
| Financial assets | — | — | — | — |
| Intangible assets | 7.47M | 8.70M | 9.29M | 1.99M |
| Investments and advances | — | — | — | — |
| Other non current assets | 8.45M | 12.27M | 1.24M | 452,000 |
| Total liabilities | 57.05M | 21.34M | 17.55M | 37.38M |
| Current liabilities | ||||
| Accounts payable | 12.58M | 1.69M | 1.35M | 88,000 |
| Accrued expenses | 9.10M | 6.73M | 1.87M | 309,000 |
| Short term debt | 4.00M | — | — | 35.00M |
| Deferred revenue | — | — | — | — |
| Tax payable | — | — | — | — |
| Pensions | — | — | — | — |
| Other current liabilities | — | — | — | — |
| Non current liabilities | ||||
| Long term debt | 21.00M | 7.13M | 12.79M | — |
| Provision for risks and charges | — | — | — | — |
| Deferred liabilities | — | — | — | — |
| Derivative product liabilities | — | — | — | — |
| Other non current liabilities | — | — | 2.00M | 1.50M |
| Shareholders equity | ||||
| Common stock | 322.63M | 329.48M | 323.68M | -102,000 |
| Retained earnings | — | — | — | — |
| Other shareholders equity | — | — | — | — |
| Total shareholders equity | 325.06M | 332.65M | 323.88M | -102,000 |
| Additional paid in capital | — | — | — | — |
| Treasury stock | — | — | — | — |
| Minority interest | 2.44M | 3.17M | 192,000 | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | -14.36M | -8.24M | -3.04M | -112,000 |
| Depreciation | 1.25M | 1.06M | 479,000 | 36,000 |
| Deferred Taxes | — | — | — | — |
| Stock-Based Compensation | — | — | — | — |
| Other Non-Cash Items | — | — | — | — |
| Accounts Receivable | — | — | — | — |
| Accounts Payable | 479,000 | -186,000 | -86,000 | — |
| Other Assets & Liabilities | -228,000 | 676,000 | -452,000 | -75,000 |
| Operating Cash Flow | -12.86M | -6.69M | -3.10M | -151,000 |
| Investing Activities | ||||
| Capital Expenditures | — | — | — | — |
| Net Intangibles | — | — | — | — |
| Net Acquisitions | — | 87,000 | 16.67M | — |
| Purchase of Investments | -159,000 | — | — | — |
| Sale of Investments | — | — | — | — |
| Investing Cash Flow | -200,000 | 3.32M | 16.63M | — |
| Financing Activities | ||||
| Long-Term Debt Issuance | 21.87M | — | — | — |
| Long-Term Debt Payments | -1.50M | -10.80M | — | — |
| Other Financing Charges | -3.12M | 19.47M | -508,000 | — |
| Financing Cash Flow | 29.19M | 22.80M | 231.40M | 35.01M |
| Other Cash Details | ||||
| End Cash Position | 23.59M | 144.97M | 192.35M | 6.58M |
| Income Tax Paid | — | — | — | — |
| Interest Paid | — | — | — | — |
| Free Cash Flow | -6.95M | -6.65M | -2.27M | -12,000 |
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GREENWICH, CONNECTICUT, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) today announced that its adjourned annual meeting (the “Annual Meeting”), has been rescheduled for Tuesday, January 28, 2025 at 12:00 p.m. E.T. at the Company's corporate headquarters, located at 255 Glenville Road, Greenwich, Connecticut 06831, to accommodate for the distribution of certain additional materials to its unitholders. Unitholders planning to attend the meeting in person are requested to contact Belpointe OZ's Investor Relations team at 1-833-828-2721 or via email at IR@belpointeoz.com for further details.
Jan 8, 2025
