Global Real Estate Undiscovered Gems With Strong Fundamentals

Inversiones Doalca SOCIMI

Market Cap: €156.6m

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

Global One Real Estate Investment

Market Cap: JP¥135.2b

Global One Real Estate Investment Corporation (“GOR”) is a Japanese Real Estate Investment Trust (J-REIT) listed on the Tokyo Stock Exchange (TSE: 8958) with the ultimate goal of pursuing maximum returns for unitholders.

Zambal Spain Socimi

Market Cap: €584.2m

Operates as a subsidiary of IBA Capital Partners.

Sinpas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺18.4b

Sinpas Gayrimenkul Yatirim Ortakligi A.S., formerly Sinpas Insaat, is a Turkish real estate investment trust (REIT) established in 2006 and transformed into a REIT in 2007.

Powergrid Infrastructure Investment Trust

Market Cap: ₹81.1b

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

Prime Office Leasehold Property Fund

Market Cap: ฿3.2b

Specializes in real estate investments in the office market.

BA Airport Leasehold Real Estate Investment Trust

Market Cap: ฿10.3b

n/a

KFH Capital REIT

Market Cap: د.ك67.3m

Invests in real estate properties.

Orilina Properties REIC

Market Cap: €123.0m

A real estate investment company, invests in and leases real estate properties in Greece.

Sopharma Properties REIT

Market Cap: лв197.6m

n/a

Al Rajhi REIT Fund

Market Cap: ر.س2.2b

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.

Reysas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺44.9b

Reysas Gayrimenkul Yatirim Ortakligi A.S.

Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi

Market Cap: ₺13.4b

Operates as a real estate investment trust in Turkey.

Hispanotels Inversiones Socimi

Market Cap: €100.5m

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

Citicore Energy REIT

Market Cap: ₱23.3b

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.

Spear Reit

Market Cap: R4.7b

Spear REIT Limited (“Spear”) listed as a Real Estate Investment Trust (“REIT”) on the main board of the Johannesburg Stock Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE that predominantly invests in high-quality income-generating assets in the Western Cape.

Fairvest

Market Cap: R14.4b

Fairvest Limited (“Fairvest“) is a diversified South African Real Estate Investment Trust (“REIT“) focused on creating long-term shareholder value.

Ally Freehold And Leasehold Real Estate Investment Trust

Market Cap: ฿3.8b

Bualuang K.E.Retail Leasehold Real Estate Investment Trust specializes in real estate investments.

Infraestructura Viable de

Market Cap: Mex$22.8b

Operates as a trust administrator.

Emlak Konut Gayrimenkul Yatirim Ortakligi

Market Cap: ₺77.0b

In 1953, an understanding that would pioneer a country's urbanization efforts and raise people's quality of life came to life.

FibraHotel

Market Cap: Mex$6.3b

A Mexican trust created primarily to acquire, develop, and operate hotels in Mexico.

Korea Asset In Trust

Market Cap: ₩307.8b

Operates as a real estate trust company in South Korea.

Fibra Nova

Market Cap: Mex$21.3b

Fibra Nova is headquartered in Mexico.

Torunlar Gayrimenkul Yatirim Ortakligi

Market Cap: ₺72.9b

Torunlar Real Estate Investment Partnership Inc.

LH Hotel Leasehold Real Estate Investment Trust

Market Cap: ฿13.2b

Operates as a real estate investment trust in Thailand.

MREIT

Market Cap: ₱51.7b

Operates as a real estate investment trust.