| Safe & Green Development Corp | Real Estate - Development | Real Estate | -2.67 | -19.63 | 3.06 | -29.25 | -59.48 | -90.80 | -97.36 | -97.36 |
| Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 3.62 | 11.11 | 58.73 | 80.18 | -13.42 | -60.71 | -67.74 | -67.74 |
| Logistic Properties of the Americas | Real Estate - Development | Real Estate | 0.89 | -1.49 | 20.18 | -16.10 | -21.28 | -83.20 | -50.50 | -50.50 |
| Alset Inc | Real Estate - Development | Real Estate | 5.85 | 5.97 | -11.20 | 3.00 | -27.21 | -25.38 | -49.55 | -87.31 |
| Belpointe PREP LLC | Real Estate - Development | Real Estate | 2.92 | 1.43 | 6.74 | -2.53 | -11.88 | 13.01 | -26.67 | -33.75 |
| Century Communities Inc | Real Estate - Development | Real Estate | -1.95 | 0.85 | -0.91 | -27.31 | -39.01 | -36.56 | -23.55 | 2.59 |
| Xinyuan Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | -0.73 | -10.84 | 4.34 | -11.48 | -13.96 | -13.05 | -22.41 | -73.35 |
| Smith Douglas Homes Corp | Real Estate - Development | Real Estate | -3.02 | 2.61 | 1.53 | -12.69 | -41.78 | -24.01 | -19.71 | -19.71 |
| Forestar Group Inc | Real Estate - Development | Real Estate | -0.96 | 1.98 | 0.67 | -12.22 | -31.09 | -39.85 | -7.62 | 17.86 |
| Murano Global Investments Plc | Real Estate - Development | Real Estate | -5.38 | -1.06 | -13.86 | -22.33 | -12.90 | -2.92 | -3.12 | -3.12 |
| Landsea Homes Corp Wt | Real Estate - Development | Real Estate | -0.06 | -2.01 | 211.72 | 75.50 | 19.80 | -16.43 | 6.36 | -25.48 |
| Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | -4.41 | -10.00 | -5.21 | -39.43 | -18.18 | -14.20 | 29.87 | 29.87 |
| Amrep Corp | Real Estate - Development | Real Estate | 5.23 | 5.23 | -6.29 | -8.23 | -44.55 | 1.48 | 40.75 | 60.11 |
| JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | -1.37 | -1.31 | 18.05 | 50.86 | 50.86 | 50.86 | 50.86 | 50.86 |
| Landsea Homes Corp | Real Estate - Development | Real Estate | -0.09 | -0.09 | 94.14 | 51.96 | 7.85 | 12.94 | 57.59 | 48.55 |
| Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | 0.00 | 2.02 | 5.30 | -2.63 | 41.12 | 81.11 | 137.61 | 14.40 |