| | Amrep Corp | Real Estate - Development | Real Estate | -2.21 | -2.38 | 12.47 | -26.26 | -24.58 | 11.17 | 60.84 | 79.54 |
| | Forestar Group Inc | Real Estate - Development | Real Estate | -0.98 | -0.52 | -8.89 | -21.96 | -40.02 | -37.85 | -2.18 | 17.30 |
| | Xinyuan Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 0.00 | 3.72 | -2.33 | -7.38 | -35.97 | -8.39 | -32.16 | -77.79 |
| | Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 2.48 | -4.62 | -1.58 | -22.50 | -25.75 | -60.00 | -80.00 | -80.00 |
| | Century Communities Inc | Real Estate - Development | Real Estate | 1.17 | -9.21 | -18.72 | -29.98 | -39.17 | -30.38 | -15.07 | 3.75 |
| | Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | -1.13 | 3.14 | -1.50 | -18.07 | 34.87 | 85.21 | 117.36 | -10.85 |
| | Landsea Homes Corp | Real Estate - Development | Real Estate | 0.00 | 0.99 | -4.98 | -30.29 | -44.04 | -47.19 | -8.68 | -26.59 |
| | Alset Inc | Real Estate - Development | Real Estate | 0.00 | 3.26 | -4.04 | 8.32 | -38.71 | 71.42 | -39.49 | -87.50 |
| | Landsea Homes Corp Wt | Real Estate - Development | Real Estate | -17.99 | -19.58 | -17.42 | -54.19 | -79.28 | -80.12 | -72.39 | -79.29 |
| | Belpointe PREP LLC | Real Estate - Development | Real Estate | -0.40 | 1.63 | -3.49 | -0.40 | -4.60 | 1.22 | -33.42 | -37.63 |
| | Safe & Green Development Corp | Real Estate - Development | Real Estate | -17.64 | -18.30 | -27.44 | -39.68 | -70.03 | -91.96 | -97.23 | -97.23 |
| | Smith Douglas Homes Corp | Real Estate - Development | Real Estate | -1.52 | -3.28 | -0.36 | -22.45 | -43.29 | -33.09 | -18.96 | -18.96 |
| | Murano Global Investments Plc | Real Estate - Development | Real Estate | -5.67 | -0.51 | -5.49 | -9.17 | 40.95 | -6.57 | 1.98 | 1.98 |
| | Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | -0.30 | 19.98 | 2.16 | -5.60 | 38.82 | 174.10 | 70.27 | 70.27 |
| | Logistic Properties of the Americas | Real Estate - Development | Real Estate | 2.36 | 4.21 | -22.34 | -30.42 | -9.17 | -1.00 | -56.69 | -56.69 |
| | JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | -6.14 | -1.90 | -2.59 | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 |
| | Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Diversified | Real Estate | -0.47 | 7.11 | 21.12 | 2.33 | 8.23 | -20.84 | -11.17 | -11.17 |
| | Howard Hughes Holdings Inc | Real Estate - Diversified | Real Estate | -1.74 | -0.51 | -10.19 | -13.46 | -12.69 | 7.11 | -10.72 | 373.06 |
| | Stratus Properties Inc | Real Estate - Diversified | Real Estate | -5.48 | -4.34 | -10.59 | -17.00 | -31.42 | -30.03 | -25.81 | -56.16 |
| | Comstock Holding Cos. Inc Cl A | Real Estate - Diversified | Real Estate | -1.04 | -1.51 | 21.11 | 21.68 | -11.97 | 42.05 | 137.27 | 132.00 |
| | St. Joe Co | Real Estate - Diversified | Real Estate | -0.38 | 1.27 | -9.86 | -13.37 | -18.28 | -25.26 | 5.74 | -16.33 |
| | IRSA-Inversiones y Representaciones S.A. Gdr | Real Estate Services | Real Estate | -2.32 | -2.05 | 7.67 | -8.68 | 11.64 | 60.22 | 152.51 | 227.66 |
| | Jones Lang LaSalle Inc | Real Estate Services | Real Estate | -0.42 | 3.79 | -8.27 | -19.46 | -17.38 | 25.85 | 63.82 | 5.34 |
| | Gyrodyne LLC | Real Estate Services | Real Estate | 0.00 | 2.26 | -5.49 | -12.14 | -0.69 | 1.47 | -12.24 | -36.70 |
