OZ: Lease-up lifted mixed-use NOI as Q3 revenue rose and net loss narrowed

Q3 revenue more than doubled YoY and net loss narrowed, with mixed-use NOI benefiting from lease-up at Aster & Links and VIV. Management expects liquidity to cover 12 months, but ongoing development funding needs, debt costs and economic uncertainty remain key considerations.

Original document: Belpointe PREP, LLC [OZ] SEC 10-Q Quarterly Report — Nov. 4 2026