U.S. Real Estate Healthy potentially undervalued

Industrial Logistics Properties Trust

Market Cap: US$586.0m

A real estate investment trust focused on owning and leasing high quality industrial and logistics properties.

Gaming and Leisure Properties

Market Cap: US$13.1b

Gaming and Leisure Properties, Inc. is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

VICI Properties

Market Cap: US$29.4b

An S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, wellness, entertainment and leisure destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

Millrose Properties

Market Cap: US$4.8b

Millrose Properties, Inc. is the premier permanent capital solution for residential homebuilders and developers.

Omega Healthcare Investors

Market Cap: US$15.4b

A real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities.

Diversified Healthcare Trust

Market Cap: US$2.1b

A real estate investment trust, or REIT, focused on owning high-quality healthcare properties located throughout the United States.

Host Hotels & Resorts

Market Cap: US$16.2b

An S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels.

CareTrust REIT

Market Cap: US$9.7b

A self-administered, publicly traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, senior housing and other healthcare-related properties.

Global Net Lease

Market Cap: US$1.9b

Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust that focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe.

DiamondRock Hospitality

Market Cap: US$2.6b

A self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets.