| Forestar Group Inc | Real Estate - Development | Real Estate | -3.15 | -3.87 | 7.47 | 3.58 | 3.27 | 66.35 | 108.72 | 46.31 |
| Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | 4.48 | 40.00 | 79.79 | 51.51 | 51.51 | 51.51 | 51.51 | 51.51 |
| Landsea Homes Corp | Real Estate - Development | Real Estate | -2.39 | -10.05 | -8.68 | -11.99 | 1.80 | 43.86 | 43.66 | 13.33 |
| Amrep Corp | Real Estate - Development | Real Estate | -1.97 | -5.54 | -8.65 | -6.51 | 18.40 | 40.79 | 58.84 | 31.68 |
| Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | 1.57 | -0.31 | 7.67 | 3.19 | 25.19 | 38.63 | -33.40 | -55.93 |
| Murano Global Investments Plc | Real Estate - Development | Real Estate | 7.64 | -4.41 | 41.99 | 21.62 | 21.62 | 21.62 | 21.62 | 21.62 |
| Landsea Homes Corp Wt | Real Estate - Development | Real Estate | -1.10 | -13.42 | -5.59 | -21.65 | -4.77 | 20.13 | -13.42 | -25.82 |
| Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Development | Real Estate | 0.62 | 1.85 | 3.48 | 5.92 | 1.28 | 18.55 | 18.55 | 18.55 |
| Smith Douglas Homes Corp | Real Estate - Development | Real Estate | -2.37 | -8.35 | 3.20 | -5.04 | 11.58 | 11.58 | 11.58 | 11.58 |
| Xinyuan Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 0.77 | 42.91 | 45.56 | 46.64 | 39.12 | 1.81 | -58.63 | -83.69 |
| American Realty Investors Inc | Real Estate - Development | Real Estate | 0.66 | 0.51 | -5.56 | -36.81 | -8.33 | -19.64 | -36.64 | 29.47 |
| Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 1.05 | 33.06 | 66.90 | 6.44 | -28.29 | -22.74 | -22.74 | -22.74 |
| Alset Inc | Real Estate - Development | Real Estate | 0.75 | 4.97 | -11.19 | -50.57 | -55.97 | -67.45 | -91.76 | -99.35 |
| Safe & Green Development Corp | Real Estate - Development | Real Estate | -5.58 | 13.65 | -20.74 | -26.37 | -85.90 | -68.80 | -68.80 | -68.80 |
| Trinity Place Holdings Inc | Real Estate - Development | Real Estate | 1.29 | 0.29 | 0.07 | -23.81 | -28.62 | -74.54 | -88.11 | -92.78 |
| Green Giant Inc | Real Estate - Development | Real Estate | 23.76 | 15.29 | 13.48 | -4.49 | -96.38 | -98.69 | -98.69 | -98.79 |