| | Amrep Corp | Real Estate - Development | Real Estate | -2.00 | -0.42 | -0.23 | 4.26 | 8.02 | -39.68 | 15.37 | 94.06 |
| | Forestar Group Inc | Real Estate - Development | Real Estate | 1.72 | 2.16 | 1.48 | -5.14 | 36.18 | -12.48 | -16.90 | 73.17 |
| | Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 1.57 | 5.74 | -16.23 | -7.19 | -30.27 | -44.87 | -81.55 | -79.19 |
| | Century Communities Inc | Real Estate - Development | Real Estate | 1.10 | 1.83 | 11.80 | 1.71 | 28.54 | -26.96 | -11.54 | 32.75 |
| | Sky Harbour Group Corp | Real Estate - Development | Real Estate | -0.96 | 3.24 | -6.47 | -11.90 | -6.94 | -18.93 | 4.52 | 170.86 |
| | Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | -0.98 | -2.56 | 3.40 | 7.80 | 11.97 | 50.87 | 140.32 | 150.21 |
| | Alset Inc | Real Estate - Development | Real Estate | 2.72 | -0.75 | -11.41 | 62.96 | 218.96 | 123.73 | 123.71 | -38.89 |
| | Howard Hughes Holdings Inc | Real Estate - Development | Real Estate | -1.96 | -0.26 | 12.36 | 17.77 | 30.76 | 2.84 | 21.48 | 18.21 |
| | Belpointe PREP LLC | Real Estate - Development | Real Estate | 0.00 | -0.88 | -13.96 | -6.77 | -10.00 | -19.72 | -12.75 | -41.29 |
| | Safe & Green Development Corp | Real Estate - Development | Real Estate | 2.80 | 7.77 | 8.82 | 2.78 | -7.50 | -47.74 | -97.00 | -96.65 |
| | Smith Douglas Homes Corp | Real Estate - Development | Real Estate | 5.31 | 8.01 | 15.70 | 10.08 | 10.20 | -38.88 | -14.00 | -14.00 |
| | Murano Global Investments Plc | Real Estate - Development | Real Estate | 8.05 | -3.09 | -30.37 | -67.59 | -82.21 | -83.93 | -80.46 | -80.46 |
| | Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | 28.81 | -10.13 | -35.60 | -75.40 | -69.10 | -76.47 | -60.97 | -60.97 |
| | Logistic Properties of the Americas | Real Estate - Development | Real Estate | -8.51 | -13.26 | -8.23 | -53.04 | -63.73 | -77.02 | -81.19 | -81.19 |
| | JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | -2.77 | -12.34 | 11.55 | 164.49 | 233.03 | 421.43 | 421.43 | 421.43 |
| | Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Diversified | Real Estate | 0.81 | -0.26 | 4.32 | 13.47 | 8.79 | 33.46 | -10.06 | 2.18 |
| | Stratus Properties Inc | Real Estate - Diversified | Real Estate | 4.19 | 2.37 | 23.61 | 22.29 | 26.55 | -10.80 | -20.22 | -4.55 |
| | St. Joe Co | Real Estate - Diversified | Real Estate | 0.43 | 0.61 | 4.74 | 24.40 | 38.65 | 21.91 | 16.36 | 69.80 |
| | Gyrodyne LLC | Real Estate Services | Real Estate | 0.00 | 2.70 | -2.92 | -6.77 | 5.56 | 1.73 | -7.32 | 7.83 |
| | IHS Holding Ltd | Real Estate Services | Real Estate | -1.41 | 4.02 | 6.23 | -2.65 | 20.73 | 115.08 | 48.72 | -2.37 |
| | IRSA-Inversiones y Representaciones S.A. Gdr | Real Estate Services | Real Estate | -1.78 | 4.79 | 6.74 | 13.11 | 7.66 | -4.11 | 107.83 | 255.68 |
| | Jones Lang LaSalle Inc | Real Estate Services | Real Estate | 0.13 | -1.95 | 8.07 | 7.59 | 46.68 | 16.58 | 99.54 | 94.41 |
| | Maui Land & Pineapple Co Inc | Real Estate Services | Real Estate | -0.38 | 2.26 | 2.06 | -7.97 | 2.06 | -32.71 | 5.75 | 72.90 |
| | New England Realty Associates LP | Real Estate Services | Real Estate | 1.54 | -0.90 | -6.38 | -6.54 | -10.30 | -15.32 | 5.41 | 2.06 |
