| Xinyuan Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 1.98 | -8.85 | 12.77 | 13.12 | 8.80 | -2.22 | -66.41 | -87.02 |
| Landsea Homes Corp | Real Estate - Development | Real Estate | 2.11 | -4.52 | -14.11 | -27.17 | -3.78 | 37.78 | 38.16 | 8.42 |
| Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Development | Real Estate | 0.61 | -2.82 | -1.89 | -0.58 | -7.07 | 10.11 | 10.11 | 10.11 |
| Smith Douglas Homes Corp | Real Estate - Development | Real Estate | -2.24 | -1.79 | -11.28 | -10.58 | 7.46 | 7.46 | 7.46 | 7.46 |
| Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | -5.58 | -0.27 | 60.21 | 14.70 | -29.05 | -19.90 | -19.90 | -19.90 |
| Forestar Group Inc | Real Estate - Development | Real Estate | 2.13 | 1.13 | 9.75 | 0.86 | 11.40 | 67.29 | 105.13 | 47.74 |
| American Realty Investors Inc | Real Estate - Development | Real Estate | 0.57 | 1.81 | 2.25 | -27.18 | -6.63 | -18.32 | -32.81 | 23.16 |
| Landsea Homes Corp Wt | Real Estate - Development | Real Estate | 15.64 | 2.45 | -9.80 | -37.81 | 18.68 | 46.05 | 3.01 | -19.46 |
| Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | -1.51 | 2.84 | 14.79 | -0.31 | 27.84 | 39.91 | -32.92 | -61.96 |
| Safe & Green Development Corp | Real Estate - Development | Real Estate | -4.88 | 4.63 | -5.83 | -30.25 | -71.03 | -67.53 | -67.53 | -67.53 |
| Trinity Place Holdings Inc | Real Estate - Development | Real Estate | -6.19 | 5.88 | 2.86 | -1.37 | -21.18 | -71.27 | -89.33 | -92.87 |
| Amrep Corp | Real Estate - Development | Real Estate | -0.14 | 6.12 | 4.37 | -1.12 | 29.63 | 43.07 | 66.17 | 52.08 |
| Murano Global Investments Plc | Real Estate - Development | Real Estate | -8.90 | 9.19 | 2.38 | 11.75 | 11.75 | 11.75 | 11.75 | 11.75 |
| Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | -14.38 | 32.28 | 149.75 | 80.37 | 80.37 | 80.37 | 80.37 | 80.37 |
| Alset Inc | Real Estate - Development | Real Estate | 2.25 | 35.82 | 64.20 | -11.65 | -22.24 | -54.50 | -87.04 | -98.91 |