| | Amrep Corp | Real Estate - Development | Real Estate | -1.92 | -1.50 | -0.54 | 30.25 | 18.40 | 17.35 | 33.98 | 98.56 |
| | Forestar Group Inc | Real Estate - Development | Real Estate | -0.95 | 5.05 | 17.24 | 11.56 | 0.46 | 43.83 | -10.91 | 45.24 |
| | Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | -2.29 | -5.33 | 9.40 | -11.72 | -26.01 | -2.29 | -57.60 | -79.35 |
| | Century Communities Inc | Real Estate - Development | Real Estate | 0.22 | -7.40 | 6.33 | -7.23 | -6.44 | 11.32 | -24.30 | -8.27 |
| | RenX Enterprises Corp | Real Estate - Development | Real Estate | -1.13 | 11.02 | 64.78 | -9.66 | -48.28 | -48.28 | -48.28 | -48.28 |
| | Sky Harbour Group Corp | Real Estate - Development | Real Estate | 0.19 | -1.22 | 10.92 | 16.17 | 5.49 | -3.21 | 14.66 | 66.30 |
| | Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | 0.80 | -2.14 | 6.34 | -8.38 | -15.46 | -7.37 | 71.67 | 105.31 |
| | Alset Inc | Real Estate - Development | Real Estate | 0.67 | -16.20 | -8.54 | -57.63 | -53.27 | 57.88 | 155.54 | 0.00 |
| | Howard Hughes Holdings Inc | Real Estate - Development | Real Estate | 0.30 | -2.85 | 2.53 | -20.32 | -20.79 | -5.94 | 2.31 | -14.14 |
| | Belpointe PREP LLC | Real Estate - Development | Real Estate | 1.88 | 2.00 | -1.22 | -2.15 | -19.18 | -18.14 | -15.35 | -45.16 |
| | Smith Douglas Homes Corp | Real Estate - Development | Real Estate | 0.00 | -6.65 | 13.06 | -23.51 | -23.04 | -30.78 | -52.57 | -42.67 |
| | Murano Global Investments Plc | Real Estate - Development | Real Estate | -3.70 | -20.70 | -25.99 | -81.95 | -88.27 | -96.88 | -95.92 | -96.62 |
| | Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | 0.00 | -20.79 | -16.84 | -69.70 | -53.22 | -83.10 | -53.54 | -71.14 |
| | Logistic Properties of the Americas | Real Estate - Development | Real Estate | 3.66 | 0.55 | 12.20 | 28.22 | 10.18 | -43.56 | -45.88 | -77.00 |
| | JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | -7.00 | -6.40 | -9.86 | -53.97 | -29.16 | 193.23 | 234.29 | 234.29 |
| | Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Diversified | Real Estate | 0.23 | 0.59 | 7.81 | 10.89 | 19.97 | 31.63 | 1.52 | 17.62 |
| | Stratus Properties Inc | Real Estate - Diversified | Real Estate | 0.20 | 0.07 | -5.36 | 4.49 | 53.79 | 85.58 | 32.11 | 40.14 |
| | St. Joe Co | Real Estate - Diversified | Real Estate | -0.52 | 3.68 | 13.25 | 10.00 | 40.62 | 68.14 | 23.62 | 77.87 |
| | Gyrodyne LLC | Real Estate Services | Real Estate | 0.00 | 4.53 | -6.27 | -13.31 | -20.71 | 0.93 | -3.54 | -15.52 |
| | IHS Holding Ltd | Real Estate Services | Real Estate | 0.00 | 0.00 | 0.24 | 3.77 | 18.71 | 69.06 | 128.53 | -14.51 |
| | IRSA-Inversiones y Representaciones S.A. Gdr | Real Estate Services | Real Estate | -0.21 | -5.53 | -6.32 | -21.13 | 4.78 | 14.09 | 83.01 | 186.71 |
| | Jones Lang LaSalle Inc | Real Estate Services | Real Estate | -0.09 | -1.17 | 15.00 | -4.16 | 9.47 | 50.49 | 85.93 | 145.65 |
| | Maui Land & Pineapple Co Inc | Real Estate Services | Real Estate | 1.62 | 2.08 | 3.02 | -6.71 | 0.51 | -0.06 | -20.71 | 25.70 |
| | New England Realty Associates LP | Real Estate Services | Real Estate | -4.82 | -0.02 | -3.36 | -7.20 | -15.67 | -22.85 | -7.86 | -5.35 |
