U.S. Real Estate Healthy potentially undervalued

Millrose Properties

Market Cap: US$4.7b

Millrose Properties, Inc. is the premier homesite option platform for residential homebuilders.

VICI Properties

Market Cap: US$30.8b

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.

Gaming and Leisure Properties

Market Cap: US$13.7b

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.

Diversified Healthcare Trust

Market Cap: US$2.0b

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

Host Hotels & Resorts

Market Cap: US$16.0b

Host Hotels & Resorts, Inc., herein referred to as we, Host Inc., or the Company, is a self-managed and self-administered real estate investment trust that owns hotel property.

Modiv Industrial

Market Cap: US$216.4m

An internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate.

Innovative Industrial Properties

Market Cap: US$1.7b

A real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate.

Apple Hospitality REIT

Market Cap: US$3.5b

A publicly traded real estate investment trust that owns largest and most diverse portfolios of upscale, rooms-focused hotels in the United States.

CareTrust REIT

Market Cap: US$9.6b

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

Omega Healthcare Investors

Market Cap: US$14.6b

A Real Estate Investment Trust.

DiamondRock Hospitality

Market Cap: US$2.3b

A self-advised real estate investment trust that owns a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets.