Revenue: As of FY2025 Q3, the actual value is USD 2.382 M.EPS: As of FY2025 Q3, the actual value is USD -3.21.EBIT: As of FY2025 Q3, the actual value is USD -4.883 M.<h3>Commercial Segment</h3><ul><li>Rental Revenue: $204 thousand for the three months ended September 30, 2025, compared to $275 thousand for the same period in 2024.</li><li>Property Expenses: $516 thousand for the three months ended September 30, 2025, compared to $362 thousand for the same period in 2024.</li><li>Segment NOI: -$312 thousand for the three months ended September 30, 2025, compared to -$87 thousand for the same period in 2024.</li></ul><h3>Mixed-use Segment</h3><ul><li>Rental Revenue: $2,178 thousand for the three months ended September 30, 2025, compared to $585 thousand for the same period in 2024.</li><li>Property Expenses: $2,450 thousand for the three months ended September 30, 2025, compared to $1,049 thousand for the same period in 2024.</li><li>Segment NOI: -$272 thousand for the three months ended September 30, 2025, compared to -$464 thousand for the same period in 2024.</li></ul><h3>Non-Segment Items</h3><ul><li>Management Fees: $830 thousand for the three months ended September 30, 2025, compared to $672 thousand for the same period in 2024.</li><li>General and Administrative Expenses: $1,305 thousand for the three months ended September 30, 2025, compared to $921 thousand for the same period in 2024.</li><li>Interest Expense: $4,846 thousand for the three months ended September 30, 2025, compared to $3,331 thousand for the same period in 2024.</li><li>Depreciation and Amortization: $1,881 thousand for the three months ended September 30, 2025, compared to $1,464 thousand for the same period in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: -$14,996 thousand for the nine months ended September 30, 2025, compared to -$8,710 thousand for the same period in 2024.</li><li>Net Cash Used in Investing Activities: -$56,052 thousand for the nine months ended September 30, 2025, compared to -$110,785 thousand for the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $78,004 thousand for the nine months ended September 30, 2025, compared to $123,425 thousand for the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company is focused on identifying, acquiring, developing, or redeveloping and managing properties in commercial and mixed-use real estate located within qualified opportunity zones.</li><li>Non-Core Business: The company is evaluating the impact of the One Big Beautiful Bill Act, which makes qualified opportunity zones a permanent feature of the U.S. federal income tax laws, and may influence future investment strategies.</li></ul><h3>Unique Metrics</h3><ul><li>Interest Income: $283 thousand for the three months ended September 30, 2025, compared to $148 thousand for the same period in 2024.</li><li>Loss on Extinguishment of Debt: $2,960 thousand for the three months ended September 30, 2025.</li></ul>

Belpointe Prep LLC | 10-Q: FY2025 Q3 Revenue: USD 2.382 M