| | Amrep Corp | Real Estate - Development | Real Estate | 1.02 | -1.98 | 23.15 | 19.43 | 23.57 | 14.38 | 16.19 | 90.01 |
| | Forestar Group Inc | Real Estate - Development | Real Estate | 0.84 | -1.95 | -5.66 | 5.33 | -1.67 | 30.00 | -19.15 | 93.10 |
| | Lead Real Estate Co Ltd ADR | Real Estate - Development | Real Estate | -2.17 | 10.66 | 10.66 | 2.27 | -6.90 | 6.30 | -74.04 | -78.23 |
| | Century Communities Inc | Real Estate - Development | Real Estate | -0.93 | -3.37 | -5.35 | 4.19 | -4.24 | -3.97 | -22.35 | 15.41 |
| | RenX Enterprises Corp | Real Estate - Development | Real Estate | 6.15 | -11.15 | -9.59 | -48.24 | -48.24 | -48.24 | -48.24 | -48.24 |
| | Sky Harbour Group Corp | Real Estate - Development | Real Estate | 1.72 | 5.93 | 5.57 | -2.47 | -7.70 | -13.04 | -26.53 | 17.79 |
| | Five Point Holdings LLC Cl A | Real Estate - Development | Real Estate | 0.91 | -0.71 | 8.38 | -6.08 | -1.24 | -1.07 | 76.51 | 128.81 |
| | Alset Inc | Real Estate - Development | Real Estate | -4.71 | -21.55 | -25.41 | -40.91 | -1.09 | 114.12 | 103.67 | 4.60 |
| | Howard Hughes Holdings Inc | Real Estate - Development | Real Estate | -0.42 | -1.88 | -12.68 | -18.10 | -8.13 | -6.96 | -1.45 | -4.18 |
| | Belpointe PREP LLC | Real Estate - Development | Real Estate | 0.49 | 3.86 | 2.82 | -12.09 | -19.98 | -18.28 | -18.40 | -46.72 |
| | Smith Douglas Homes Corp | Real Estate - Development | Real Estate | -0.20 | -6.44 | -19.84 | -28.32 | -22.36 | -28.84 | -53.66 | -38.21 |
| | Murano Global Investments Plc | Real Estate - Development | Real Estate | 6.55 | 4.67 | -51.07 | -63.30 | -88.39 | -94.60 | -93.13 | -93.13 |
| | Murano Global Investments Plc Wt | Real Estate - Development | Real Estate | -11.69 | -11.83 | -18.74 | -4.51 | -74.81 | -79.09 | -61.83 | -61.83 |
| | Logistic Properties of the Americas | Real Estate - Development | Real Estate | 4.38 | 0.77 | -4.03 | -13.25 | -58.74 | -72.38 | -83.63 | -83.63 |
| | JFB Construction Holdings Cl A | Real Estate - Development | Real Estate | -0.45 | 23.61 | -28.71 | 10.01 | 176.32 | 466.86 | 466.86 | 466.86 |
| | Corp Inmobiliaria Vesta S.A.B. de C.V. ADR | Real Estate - Diversified | Real Estate | 1.70 | -7.02 | 7.65 | 10.36 | 24.37 | 52.06 | -1.67 | 12.40 |
| | Stratus Properties Inc | Real Estate - Diversified | Real Estate | 3.46 | 0.16 | 2.31 | 36.46 | 58.65 | 70.33 | 36.95 | 40.74 |
| | St. Joe Co | Real Estate - Diversified | Real Estate | -1.22 | 4.32 | 7.43 | 16.36 | 43.67 | 54.86 | 37.60 | 76.40 |
| | Gyrodyne LLC | Real Estate Services | Real Estate | 0.00 | -0.11 | 1.60 | -6.42 | -12.84 | 4.34 | 10.99 | 4.83 |
| | IHS Holding Ltd | Real Estate Services | Real Estate | 0.75 | 0.37 | -2.31 | 9.69 | 11.67 | 127.12 | 221.60 | 1.26 |
| | IRSA-Inversiones y Representaciones S.A. Gdr | Real Estate Services | Real Estate | 1.62 | -6.21 | -7.81 | -0.46 | 17.64 | 25.29 | 132.83 | 151.28 |
| | Jones Lang LaSalle Inc | Real Estate Services | Real Estate | 0.38 | -1.78 | -6.88 | -5.05 | 1.07 | 18.51 | 62.41 | 82.85 |
| | Maui Land & Pineapple Co Inc | Real Estate Services | Real Estate | 1.07 | 2.04 | -1.85 | 3.53 | -2.36 | -13.01 | -14.58 | 87.11 |
| | New England Realty Associates LP | Real Estate Services | Real Estate | 0.00 | -4.22 | -2.72 | -3.62 | -12.50 | -16.25 | -2.63 | -1.60 |
