Global Real Estate Undiscovered Gems With Strong Fundamentals

Inversiones Doalca SOCIMI

Market Cap: €155.4m

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.

Sinpas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺20.1b

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.

Pera Yatirim Holding Anonim Sirketi

Market Cap: ₺32.6b

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

BA Airport Leasehold Real Estate Investment Trust

Market Cap: ฿10.2b

n/a

Powergrid Infrastructure Investment Trust

Market Cap: ₹88.5b

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

Orilina Properties REIC

Market Cap: €120.6m

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

Sopharma Properties REIT

Market Cap: лв196.5m

n/a

KFH Capital REIT

Market Cap: د.ك67.5m

Invests in real estate properties.

Reysas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺43.6b

Reysas Gayrimenkul Yatirim Ortakligi A.S.

Hispanotels Inversiones Socimi

Market Cap: €100.5m

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

Infraestructura Viable de

Market Cap: Mex$23.3b

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.

FibraHotel

Market Cap: Mex$6.5b

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

Citicore Energy REIT

Market Cap: ₱22.3b

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: R4.3b

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.

INET Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿5.5b

n/a

AEW UK REIT

Market Cap: UK£165.2m

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.

Ozak Gayrimenkul Yatirim Ortakligi

Market Cap: ₺21.5b

A real estate investment trust.

Bhiraj Office Leasehold Real Estate Investment Trust

Market Cap: ฿3.7b

n/a

Emlak Konut Gayrimenkul Yatirim Ortakligi

Market Cap: ₺75.8b

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

Torunlar Gayrimenkul Yatirim Ortakligi

Market Cap: ₺78.6b

Torunlar Real Estate Investment Partnership Inc.

Fibra Nova

Market Cap: Mex$19.4b

Fibra Nova is headquartered in Mexico.

LH Hotel Leasehold Real Estate Investment Trust

Market Cap: ฿13.0b

Operates as a real estate investment trust in Thailand.

MREIT

Market Cap: ₱51.0b

Operates as a real estate investment trust.