Global Real Estate Undiscovered Gems With Strong Fundamentals

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺6.9b

A real estate investment trust.

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.

Wereldhave Belgium

Market Cap: €463.8m

A public regulated real estate company with a focus on commercial property in Belgium.

Sinpas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺13.8b

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

Urbanizadora Constructora Levantina SOCIMI

Market Cap: €192.9m

n/a

Premiere Island Power Reit

Market Cap: ₱7.4b

Operates as a commercial real estate investment trust.

Future City Leasehold Real Estate Investment Trust

Market Cap: ฿5.0b

Future Park Leasehold Property Fund specializes in real estate investments.

Bonyan REIT Fund

Market Cap: ر.س1.5b

A real estate investment fund.

Akfen Gayrimenkul Yatirim Ortakligi

Market Cap: ₺7.4b

Akfen Real Estate Investment Trust Inc. was established in 2006 by transforming and restructuring Aksel Tourism Investments and Management Inc., which started its activities in 1997, into a real estate investment trust.

Pera Yatirim Holding Anonim Sirketi

Market Cap: ₺23.0b

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

IMPACT Growth Real Estate Investment Trust

Market Cap: ฿14.1b

Impact Growth Real Estate Investment Trust (“the Trust”) is a real estate investment trust established under the Trust for Transaction in Capital Market Act, B.E.2550 (“the Act”) in accordance with the Trust Deed signed on 22 September 2014 between RMI Company Limited as the Trust Settlor and Kasikorn Asset Management Company Limited as the Trustee.

BA Airport Leasehold Real Estate Investment Trust

Market Cap: ฿9.3b

n/a

Ichigo Hotel REIT Investment

Market Cap: JP¥39.0b

Ichigo Hotel REIT Investment Corporation (the "Investment Corporation") was established on July 22, 2015 (with investment of 300 million yen and 3,000 issued units) in accordance with the Act on Investment Trusts and Investment Corporations (Act No.

KFH Capital REIT

Market Cap: د.ك61.5m

Invests in real estate properties.

Nordeste Properties SOCIMI

Market Cap: €619.6m

Owns and rents real estate properties for hotel use in Spain.

Bati Ege Gayrimenkul Yatirim Ortakligi

Market Cap: ₺14.0b

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

Infraestructura Viable de

Market Cap: Mex$26.4b

Operates as a trust administrator.

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.

Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi

Market Cap: ₺21.9b

Engages in the real estate development, leasing, and business administration activities in Turkey.

Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi

Market Cap: ₺9.1b

Engages in the real estate investment activities.

Citicore Energy REIT

Market Cap: ₱20.9b

CREIT, the Philippines’ first renewable energy real estate investment trust and largest renewable energy landlord is powered by its sponsor, Citicore Renewable Energy Corporation.

NewLake Capital Partners

Market Cap: US$290.8m

An internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects.

Dusit Thani Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿3.6b

A real estate investment trust.

FIBRA Storage

Market Cap: Mex$5.2b

An institutional reference for Self-Storage in Mexico.

Bhiraj Office Leasehold Real Estate Investment Trust

Market Cap: ฿3.5b

n/a

Reysas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺28.1b

Reysas Gayrimenkul Yatirim Ortakligi A.S.

MREIT

Market Cap: ₱50.2b

Operates as a real estate investment trust.

Sila Realty Trust

Market Cap: US$1.4b

Sila Realty Trust, Inc., headquartered in Tampa, Florida, is a net lease real estate investment trust with a strategic focus on investing in the growing and resilient healthcare sector.

LH Hotel Leasehold Real Estate Investment Trust

Market Cap: ฿13.5b

Operates as a real estate investment trust in Thailand.

RL Commercial REIT

Market Cap: ₱98.7b

A real estate company, invests in various real estate properties.