| | Amrep Corp | Real Estate - Development | Real Estate | 1.13 | 2.69 | -4.10 | 9.11 | -1.96 | -13.73 | 44.74 | 119.82 |
| | Forestar Group Inc | Real Estate - Development | Real Estate | -1.36 | 1.88 | -5.01 | 15.28 | 34.34 | -22.96 | 3.16 | 131.18 |
| | Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | -7.41 | 2.39 | -32.43 | -15.85 | 30.38 | -3.85 | -72.07 | -75.81 |
| | Century Communities Inc | Real Estate - Development | Real Estate | 0.65 | 4.12 | -10.78 | 0.75 | 1.87 | -39.80 | -0.01 | 45.98 |
| | Sky Harbour Group Corp | Real Estate - Development | Real Estate | 0.10 | -1.20 | -1.00 | -4.73 | -13.04 | -10.27 | 66.16 | 223.61 |
| | Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | -0.17 | 2.96 | -7.64 | -3.11 | 19.60 | 40.95 | 131.25 | 163.11 |
| | Alset Inc | Real Estate - Development | Real Estate | -5.04 | -8.92 | -22.96 | 82.84 | 181.61 | 67.81 | 94.44 | -44.32 |
| | Howard Hughes Holdings Inc | Real Estate - Development | Real Estate | 0.15 | 1.90 | -2.97 | 15.67 | 20.24 | 4.26 | 19.62 | 7.06 |
| | Belpointe PREP LLC | Real Estate - Development | Real Estate | -0.77 | -1.01 | -1.33 | -2.83 | 3.42 | -5.02 | -11.94 | -28.28 |
| | Safe & Green Development Corp | Real Estate - Development | Real Estate | 6.25 | -15.60 | -11.19 | 32.22 | 3.48 | -60.83 | -95.12 | -96.41 |
| | Murano Global Investments Plc | Real Estate - Development | Real Estate | 2.23 | 6.54 | 6.06 | -66.09 | -72.10 | -70.67 | -73.75 | -73.75 |
| | Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | 0.00 | 8.11 | -23.97 | -58.20 | -47.37 | -44.12 | -33.62 | -33.62 |
| | Logistic Properties of the Americas | Real Estate - Development | Real Estate | -2.07 | -7.80 | -39.62 | -46.98 | -44.41 | -56.10 | -76.38 | -76.38 |
| | JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | -1.90 | -3.06 | 139.93 | 113.48 | 216.82 | 298.29 | 298.29 | 298.29 |
| | Smith Douglas Homes Corp | Real Estate - Development | Real Estate | 3.20 | 6.54 | -10.74 | -17.21 | -12.87 | -55.25 | -31.46 | -31.46 |
| | Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Diversified | Real Estate | 0.80 | 3.53 | -1.42 | 3.33 | 10.36 | 5.03 | -12.89 | -13.22 |
| | Stratus Properties Inc | Real Estate - Diversified | Real Estate | 0.89 | 1.63 | -2.12 | 3.64 | 5.62 | -20.49 | -30.01 | -19.43 |
| | St. Joe Co | Real Estate - Diversified | Real Estate | -1.09 | 2.64 | -6.47 | -3.31 | 13.49 | -18.21 | -4.42 | 48.95 |
| | Gyrodyne LLC | Real Estate Services | Real Estate | 0.59 | 1.60 | -0.39 | 19.39 | 34.57 | -10.41 | 12.14 | 5.28 |
| | IHS Holding Ltd | Real Estate Services | Real Estate | -2.06 | 3.42 | -3.90 | 9.20 | 34.62 | 121.67 | 34.34 | 21.79 |
| | IRSA-Inversiones y Representaciones S.A. Gdr | Real Estate Services | Real Estate | -0.43 | -0.34 | -2.99 | -21.78 | -20.18 | -1.63 | 81.14 | 197.50 |
| | Jones Lang LaSalle Inc | Real Estate Services | Real Estate | 0.76 | 6.12 | -5.18 | 19.32 | 42.36 | 13.12 | 125.76 | 85.64 |
| | Maui Land & Pineapple Co Inc | Real Estate Services | Real Estate | 1.83 | -2.00 | -16.90 | -6.98 | 7.53 | -34.03 | 9.73 | 87.34 |
| | New England Realty Associates LP | Real Estate Services | Real Estate | -0.73 | -2.00 | -2.00 | -2.45 | -9.46 | -4.53 | 17.27 | 7.39 |
