| | Amrep Corp | Real Estate - Development | Real Estate | 2.29 | 2.72 | 13.95 | -8.03 | -4.62 | -32.17 | 0.09 | 74.42 |
| | Forestar Group Inc | Real Estate - Development | Real Estate | -1.83 | -0.04 | 2.12 | 6.28 | 24.04 | 0.51 | -18.77 | 62.61 |
| | Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | -7.19 | -9.55 | 5.19 | -12.35 | -20.34 | -20.67 | -73.11 | -77.10 |
| | Century Communities Inc | Real Estate - Development | Real Estate | -1.85 | -0.70 | 8.91 | 14.13 | 15.35 | -10.70 | -17.79 | 23.62 |
| | RenX Enterprises Corp | Real Estate - Development | Real Estate | 1.53 | -24.20 | -34.47 | -34.47 | -34.47 | -34.47 | -34.47 | -34.47 |
| | Sky Harbour Group Corp | Real Estate - Development | Real Estate | -0.43 | -0.32 | 4.12 | -5.07 | -7.60 | -17.39 | -21.87 | 131.68 |
| | Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | -1.40 | -4.58 | 0.90 | -5.06 | -8.60 | 43.99 | 102.52 | 154.75 |
| | Alset Inc | Real Estate - Development | Real Estate | 1.63 | -3.70 | 14.50 | 20.93 | 131.11 | 267.10 | 136.36 | 2.63 |
| | Howard Hughes Holdings Inc | Real Estate - Development | Real Estate | 0.29 | 1.27 | 0.16 | 5.02 | 21.35 | 7.96 | 8.69 | 12.27 |
| | Belpointe PREP LLC | Real Estate - Development | Real Estate | 1.42 | -0.75 | -17.49 | -15.10 | -18.11 | -10.33 | -20.22 | -44.46 |
| | Safe and Green Development Corp | Real Estate - Development | Real Estate | 42.26 | -2.63 | -73.21 | -81.07 | -74.04 | -88.14 | -99.19 | -99.24 |
| | Smith Douglas Homes Corp | Real Estate - Development | Real Estate | -5.22 | 8.35 | 4.03 | 31.12 | 5.61 | -15.49 | -13.46 | -12.92 |
| | Murano Global Investments Plc | Real Estate - Development | Real Estate | 0.63 | 3.90 | 110.50 | -35.22 | -78.75 | -85.52 | -83.37 | -83.37 |
| | Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | 35.45 | 14.79 | 41.10 | -19.02 | -63.23 | -67.05 | -46.25 | -46.25 |
| | Logistic Properties of the Americas | Real Estate - Development | Real Estate | -1.95 | 8.66 | 10.26 | -22.02 | -55.74 | -71.20 | -81.19 | -81.19 |
| | JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | 15.09 | 53.97 | 71.75 | 66.43 | 224.87 | 575.71 | 575.71 | 575.71 |
| | Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Diversified | Real Estate | 1.17 | 2.71 | 6.48 | 23.78 | 26.10 | 38.32 | -10.03 | 6.56 |
| | Stratus Properties Inc | Real Estate - Diversified | Real Estate | -4.52 | 2.65 | 4.29 | 35.49 | 38.96 | 32.45 | 1.76 | 24.70 |
| | St. Joe Co | Real Estate - Diversified | Real Estate | -0.17 | 2.49 | 5.77 | 34.74 | 30.83 | 36.34 | 21.27 | 57.03 |
| | Gyrodyne LLC | Real Estate Services | Real Estate | 0.00 | -2.85 | -2.15 | -10.29 | 1.20 | 0.45 | -9.39 | 6.60 |
| | IHS Holding Ltd | Real Estate Services | Real Estate | 2.16 | 0.13 | 4.26 | 11.63 | 23.65 | 137.62 | 73.06 | 1.47 |
| | IRSA-Inversiones y Representaciones S.A. Gdr | Real Estate Services | Real Estate | 1.27 | 2.69 | 10.10 | 57.03 | 26.40 | 21.16 | 156.91 | 195.17 |
| | Jones Lang LaSalle Inc | Real Estate Services | Real Estate | 0.45 | 1.59 | 6.56 | 19.22 | 41.98 | 37.03 | 107.36 | 101.60 |
| | Maui Land & Pineapple Co Inc | Real Estate Services | Real Estate | -0.29 | 0.53 | 0.71 | 6.88 | -0.53 | -13.80 | -11.68 | 74.72 |
