| | Amrep Corp | Real Estate - Development | Real Estate | -1.64 | -2.61 | 17.37 | 17.93 | 14.37 | 5.94 | 9.33 | 81.95 |
| | Forestar Group Inc | Real Estate - Development | Real Estate | -2.66 | -9.61 | -11.31 | 2.29 | -8.88 | 16.67 | -25.72 | 81.03 |
| | Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 2.21 | 0.72 | 13.93 | 2.96 | -2.80 | 25.23 | -74.72 | -77.58 |
| | Century Communities Inc | Real Estate - Development | Real Estate | -2.69 | -8.66 | -11.60 | 0.35 | -11.21 | -13.50 | -23.48 | 9.32 |
| | RenX Enterprises Corp | Real Estate - Development | Real Estate | -8.46 | -14.51 | -16.55 | -53.02 | -53.02 | -53.02 | -53.02 | -53.02 |
| | Sky Harbour Group Corp | Real Estate - Development | Real Estate | -2.80 | 2.62 | -0.33 | -5.26 | -10.70 | -12.27 | -28.49 | 12.06 |
| | Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | -1.81 | -1.45 | 3.42 | -3.20 | -7.64 | -4.73 | 75.48 | 123.87 |
| | Alset Inc | Real Estate - Development | Real Estate | -8.28 | -29.22 | -45.04 | -46.55 | -29.55 | 79.79 | 72.22 | -10.92 |
| | Howard Hughes Holdings Inc | Real Estate - Development | Real Estate | -1.91 | -4.08 | -15.38 | -17.83 | -12.07 | -7.25 | -3.05 | -6.84 |
| | Belpointe PREP LLC | Real Estate - Development | Real Estate | -0.76 | 2.59 | 1.97 | -14.00 | -20.05 | -24.43 | -17.13 | -46.97 |
| | Smith Douglas Homes Corp | Real Estate - Development | Real Estate | -2.30 | -10.83 | -21.79 | -32.79 | -32.66 | -36.57 | -54.46 | -41.67 |
| | Murano Global Investments Plc | Real Estate - Development | Real Estate | -6.61 | -28.54 | -45.15 | -71.03 | -88.94 | -95.29 | -94.13 | -94.13 |
| | Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | 0.17 | -7.41 | -7.83 | -13.42 | -71.08 | -79.81 | -56.71 | -56.71 |
| | Logistic Properties of the Americas | Real Estate - Development | Real Estate | 2.29 | 6.35 | 7.63 | -10.67 | -57.12 | -71.61 | -83.25 | -83.25 |
| | JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | -5.35 | 8.37 | -45.37 | -2.61 | 190.97 | 369.71 | 369.71 | 369.71 |
| | Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Diversified | Real Estate | -1.20 | -9.99 | 2.77 | 6.13 | 18.15 | 38.09 | -4.92 | 9.13 |
| | Stratus Properties Inc | Real Estate - Diversified | Real Estate | 3.05 | 1.83 | 4.23 | 45.57 | 60.70 | 67.46 | 40.63 | 43.23 |
| | St. Joe Co | Real Estate - Diversified | Real Estate | -1.63 | -4.50 | 0.53 | 16.58 | 31.28 | 48.34 | 35.32 | 69.09 |
| | Gyrodyne LLC | Real Estate Services | Real Estate | 0.00 | -1.46 | 0.11 | -7.79 | -14.03 | -0.17 | 10.05 | 3.30 |
| | IHS Holding Ltd | Real Estate Services | Real Estate | -0.12 | 1.00 | -1.70 | 8.02 | 9.49 | 130.86 | 231.15 | 1.76 |
| | IRSA-Inversiones y Representaciones S.A. Gdr | Real Estate Services | Real Estate | -1.44 | -9.66 | -10.78 | -4.95 | 25.37 | 20.40 | 120.90 | 139.63 |
| | Jones Lang LaSalle Inc | Real Estate Services | Real Estate | -3.27 | -5.17 | -12.70 | -6.48 | -4.09 | 16.50 | 59.88 | 75.95 |
| | Maui Land & Pineapple Co Inc | Real Estate Services | Real Estate | -1.73 | 0.00 | -3.91 | 2.05 | -2.37 | -16.67 | -17.17 | 81.17 |
| | New England Realty Associates LP | Real Estate Services | Real Estate | 0.00 | -4.22 | -2.72 | -3.62 | -12.50 | -16.25 | -2.63 | -1.60 |
