Belpointe PREP, LLC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 06:15 am
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Belpointe PREP, LLC reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.312 million compared to USD 0.247 million a year ago. Revenue was USD 0.312 million compared to USD 0.247 million a year ago. Net loss was USD 1.89 million compared to USD 0.066 million a year ago.
For the six months, sales was USD 0.641 million compared to USD 0.401 million a year ago. Revenue was USD 0.641 million compared to USD 0.401 million a year ago. Net loss was USD 3.9 million compared to USD 0.194 million a year ago.
Belpointe PREP, LLC is focused on identifying, acquiring, developing, or redeveloping and managing commercial real estate located within qualified opportunity zones. At least 90% of its assets consist of qualified opportunity zone property. Its primary investment objectives are to preserve, protect and return capital contribution; to pay attractive and consistent cash distributions over the long term; to grow net cash from operations so that an increasing amount of cash flow is available for distributions to investors over the long term; and to realize growth in the value of its investments. Its investments consist of properties located in qualified opportunity zones for the development or redevelopment of multifamily, student housing, senior living, healthcare, industrial, self-storage, hospitality, office, mixed-use, data centers and solar projects located throughout the United States and its territories. The Company is externally managed by Belpointe PREP Manager, LLC.
BELPOINTE PREP, LLC 
