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.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺8.9b

A real estate investment trust.

Sinpas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺17.7b

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.

Zambal Spain Socimi

Market Cap: €584.2m

Operates as a subsidiary of IBA Capital Partners.

Global One Real Estate Investment

Market Cap: JP¥142.5b

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.

Pera Yatirim Holding Anonim Sirketi

Market Cap: ₺27.8b

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

Akfen Gayrimenkul Yatirim Ortakligi

Market Cap: ₺11.8b

Akfen Gayrimenkul Yatirim Ortakligi A.S. (“the Company” or “Akfen GYO”) was restructured as a real estate investment trust by transforming Aksel Turizm Yatirimlari ve Isletmecilik AS (“Aksel”).

Powergrid Infrastructure Investment Trust

Market Cap: ₹82.3b

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: ฿10.0b

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Sopharma Properties REIT

Market Cap: лв184.4m

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Bati Ege Gayrimenkul Yatirim Ortakligi

Market Cap: ₺10.3b

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

Ichigo Hotel REIT Investment

Market Cap: JP¥45.6b

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.

KFH Capital REIT

Market Cap: د.ك64.2m

Invests in real estate properties.

Infraestructura Viable de

Market Cap: Mex$27.0b

Operates as a trust administrator.

Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi

Market Cap: ₺14.1b

Engages in the real estate investment activities.

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.

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: ₱24.0b

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.

Bhiraj Office Leasehold Real Estate Investment Trust

Market Cap: ฿3.7b

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Reysas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺49.4b

Reysas Gayrimenkul Yatirim Ortakligi A.S.

LH Hotel Leasehold Real Estate Investment Trust

Market Cap: ฿12.1b

Operates as a real estate investment trust in Thailand.

FIBRA Storage

Market Cap: Mex$5.8b

An institutional reference for Self-Storage in Mexico.

Fibra Nova

Market Cap: Mex$16.0b

Fibra Nova is headquartered in Mexico.

MREIT

Market Cap: ₱54.0b

Operates as a real estate investment trust.