| Safe & Green Development Corp | Real Estate - Development | Real Estate | -0.86 | -6.50 | -10.56 | -38.39 | -62.15 | -90.57 | -96.53 | -96.53 |
| Landsea Homes Corp Wt | Real Estate - Development | Real Estate | -0.62 | -1.54 | -13.40 | -40.24 | -77.50 | -72.38 | -56.87 | -70.89 |
| Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | 4.17 | 1.42 | 18.02 | -26.81 | -18.63 | -62.99 | -78.87 | -78.87 |
| Landsea Homes Corp | Real Estate - Development | Real Estate | 2.77 | 3.85 | -18.54 | -27.15 | -51.31 | -46.86 | -2.15 | -27.59 |
| Forestar Group Inc | Real Estate - Development | Real Estate | -0.58 | -2.22 | -13.56 | -29.34 | -42.65 | -44.58 | 21.89 | 13.49 |
| Xinyuan Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | -37.69 | -38.87 | -40.22 | -41.94 | -57.37 | -40.44 | -50.91 | -84.42 |
| Smith Douglas Homes Corp | Real Estate - Development | Real Estate | 5.12 | 1.72 | -2.43 | -24.69 | -48.64 | -29.31 | -21.33 | -21.33 |
| Century Communities Inc | Real Estate - Development | Real Estate | 2.81 | 0.44 | -13.91 | -21.35 | -40.90 | -23.93 | -3.07 | 22.37 |
| Murano Global Investments Plc | Real Estate - Development | Real Estate | 0.00 | -2.54 | -15.51 | -20.25 | 4.36 | -17.05 | -5.41 | -5.41 |
| Logistic Properties of the Americas | Real Estate - Development | Real Estate | -3.27 | -2.86 | -24.53 | -33.98 | -21.02 | -7.61 | -57.50 | -57.50 |
| Belpointe PREP LLC | Real Estate - Development | Real Estate | 0.92 | -0.62 | -5.82 | 0.92 | -8.16 | 0.51 | -34.08 | -37.53 |
| Amrep Corp | Real Estate - Development | Real Estate | 5.41 | 25.19 | 13.66 | -25.11 | -12.01 | 13.71 | 63.56 | 102.89 |
| Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | 0.00 | -18.53 | -44.08 | -31.53 | -5.98 | 14.67 | 11.69 | 11.69 |
| JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | -1.01 | 17.33 | 22.05 | 25.71 | 25.71 | 25.71 | 25.71 | 25.71 |
| Alset Inc | Real Estate - Development | Real Estate | 6.10 | 6.83 | -1.14 | 6.02 | -40.41 | 40.78 | -38.72 | -91.94 |
| Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | 2.27 | 4.21 | -8.16 | 21.32 | 17.86 | 60.19 | 116.16 | -14.80 |