Global Real Estate Undiscovered Gems With Strong Fundamentals

Inversiones Doalca SOCIMI

Market Cap: €154.2m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Zambal Spain Socimi

Market Cap: €584.2m

Operates as a subsidiary of IBA Capital Partners.

INET Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿5.4b

n/a

Sinpas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺18.3b

Sinpas Insaat Anonim Sirketi (Sinpas Insaat), which was established on 22 December 2006 with the aim of transforming into a Real Estate Investment Partnership (REIT), applied to the Capital Markets Board (CMB) with the request to transform into a REIT and following the approval of the relevant request, it was transformed into a REIT by being registered in the trade registry on 3 May 2007 and its title was changed to Sinpas Gayrimenkul Yatirim Ortakligi A.S.

Pera Yatirim Holding Anonim Sirketi

Market Cap: ₺33.1b

PERA Gayrimenkul Yatirim Ortakligi AS is a publicly owned real estate investment trust.

Powergrid Infrastructure Investment Trust

Market Cap: ₹88.2b

An infrastructure investment trust, owns, constructs, operates, maintains, and invests in power projects and power transmission assets in India.

BA Airport Leasehold Real Estate Investment Trust

Market Cap: ฿10.3b

n/a

Ichigo Hotel REIT Investment

Market Cap: JP¥44.2b

Ichigo Hotel REIT Investment Corporation (hereinafter referred to as the "Investment Corporation") was established on July 22, 2015 (investment amount: 300 million yen, number of issued shares: 3,000) in accordance with the Investment Trust and Investment Corporation Act (Act No.

Sopharma Properties REIT

Market Cap: лв199.8m

n/a

Ozak Gayrimenkul Yatirim Ortakligi

Market Cap: ₺18.4b

A real estate investment trust.

Bati Ege Gayrimenkul Yatirim Ortakligi

Market Cap: ₺5.6b

An investment company, invests in the real estate sector in Denizli and the rest of Aegean Region.

KFH Capital REIT

Market Cap: د.ك67.4m

Invests in real estate properties.

Infraestructura Viable de

Market Cap: Mex$25.0b

Operates as a trust administrator.

Hispanotels Inversiones Socimi

Market Cap: €100.5m

Engages in the investment in hotel, office, residential, and commercial real estate property markets.

Al Rajhi REIT Fund

Market Cap: ر.س2.3b

The Al Rajhi REIT is a Sharia compliant fund, listed on Tadawul, with the objective of generating periodic income, through investing in income-generating real estate assets in Saudi Arabia.

Citicore Energy REIT

Market Cap: ₱24.7b

CREIT is the Philippines' first renewable energy real estate investment trust and largest renewable energy landlord, listed in the Philippine Stock Exchange since February 2022.

Torunlar Gayrimenkul Yatirim Ortakligi

Market Cap: ₺71.8b

Torunlar Real Estate Investment Partnership Joint Stock Company (“Torunlar GY O” or the “Company”).

Bhiraj Office Leasehold Real Estate Investment Trust

Market Cap: ฿3.7b

n/a

AEW UK REIT

Market Cap: UK£165.7m

AEW UK REIT plc (LSE: AEWU) aims to deliver an attractive total return to shareholders by investing predominantly in smaller commercial properties (typically less than £15 million), on shorter occupational leases in strong commercial locations across the United Kingdom.

Reysas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺38.5b

Reysas Gayrimenkul Yatirim Ortakligi A.S.

Fibra Nova

Market Cap: Mex$16.3b

Fibra Nova is headquartered in Mexico.

FIBRA Storage

Market Cap: Mex$6.1b

An institutional reference for Self-Storage in Mexico.

LH Hotel Leasehold Real Estate Investment Trust

Market Cap: ฿12.9b

Operates as a real estate investment trust in Thailand.

MREIT

Market Cap: ₱53.4b

Operates as a real estate investment trust.