| | Amrep Corp | Real Estate - Development | Real Estate | 0.00 | -3.81 | -9.76 | -17.68 | -25.20 | -14.24 | -30.00 | 20.89 |
| | Forestar Group Inc | Real Estate - Development | Real Estate | -1.00 | -0.39 | -4.68 | -15.23 | -2.32 | 0.27 | -18.44 | -2.51 |
| | Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 6.11 | 2.74 | -11.71 | -11.36 | -11.71 | -23.64 | -33.13 | -81.01 |
| | Century Communities Inc | Real Estate - Development | Real Estate | -1.92 | -7.02 | -10.57 | -13.81 | -8.26 | -4.78 | -41.45 | -8.57 |
| | RenX Enterprises Corp | Real Estate - Development | Real Estate | -3.47 | -16.29 | -6.70 | -18.54 | -36.50 | -67.04 | -67.04 | -67.04 |
| | Sky Harbour Group Corp | Real Estate - Development | Real Estate | -1.36 | 1.29 | -8.73 | -9.08 | -9.52 | -8.20 | -14.61 | 109.11 |
| | Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | 0.00 | -1.32 | -11.64 | -11.64 | -9.49 | -24.45 | 9.54 | 61.15 |
| | Alset Inc | Real Estate - Development | Real Estate | 1.43 | -5.57 | -43.07 | -45.72 | -60.13 | -76.02 | -52.71 | -44.43 |
| | Howard Hughes Holdings Inc | Real Estate - Development | Real Estate | 2.50 | 3.79 | 17.50 | 2.35 | 16.20 | -9.66 | -2.71 | 12.03 |
| | Belpointe PREP LLC | Real Estate - Development | Real Estate | -7.67 | -9.36 | -22.48 | -17.73 | -29.30 | -42.50 | -42.08 | -54.79 |
| | Smith Douglas Homes Corp | Real Estate - Development | Real Estate | -0.59 | 0.69 | -1.74 | -33.36 | -31.88 | -35.88 | -73.59 | -57.71 |
| | Murano Global Investments Plc | Real Estate - Development | Real Estate | -10.92 | -13.61 | 7.72 | -4.81 | -53.77 | -90.31 | -97.25 | -97.59 |
| | Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | 12.36 | 38.89 | 9.89 | -44.44 | -79.98 | -90.00 | -94.36 | -92.79 |
| | Brookfield BRP Holdings (Canada | Real Estate - Development | Real Estate | 0.49 | 0.57 | -2.15 | -8.88 | -6.39 | -6.07 | 0.94 | 6.44 |
| | Logistic Properties of the Americas | Real Estate - Development | Real Estate | -2.72 | -4.35 | -2.55 | -12.27 | -14.88 | -35.15 | -68.74 | -82.13 |