German Real Estate Management and Development Potentially Undervalued Companies

Ciputra Development

Market Cap: €10.2t

Develops and sells real estate properties in Indonesia.

Samhällsbyggnadsbolaget i Norden

Market Cap: €5.8b

Owns, develops, and manages residential and social infrastructure properties in Sweden, Norway, Finland, and Denmark.

Summarecon Agung

Market Cap: €4.5t

PT Summarecon Agung Tbk constructs and develops real estate properties in Indonesia.

Greentown China Holdings

Market Cap: €21.0b

Engages in the development for sale of residential properties in the People’s Republic of China.

Grand City Properties

Market Cap: €1.5b

Engages in the residential real estate business in Germany, the United Kingdom, and internationally.

Aroundtown

Market Cap: €2.2b

Operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.

New World Development

Market Cap: €18.5b

An investment holding company, operates in the property development and investment business in Hong Kong and Mainland China.

Shimao Group Holdings

Market Cap: €798.1m

An investment holding company, engages in the property development and investment business in the People’s Republic of China.

Daito Trust ConstructionLtd

Market Cap: €967.1b

Designs, constructs, and rents apartments and condominiums in Japan.

Aedas Homes

Market Cap: €1.0b

Engages in the development of residential properties in Spain.

CIFI Holdings (Group)

Market Cap: €1.0b

Engages in the property development and investment business in the People’s Republic of China.

Branicks Group

Market Cap: €81.9m

Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets.

Sunac China Holdings

Market Cap: €14.2b

Engages in property development and investment business in the People's Republic of China.

China Resources Land

Market Cap: €253.1b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Citycon Oyj

Market Cap: €493.8m

A real estate investment company, owns and develops mixed-use centers in Finland, Norway, Sweden, Denmark, and Estonia.

Branicks Group

Market Cap: €81.9m

Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets.

Aroundtown

Market Cap: €2.2b

Operates as a real estate company in Germany, the Netherlands, the United Kingdom, Belgium, and internationally.

RE/MAX Holdings

Market Cap: €316.0m

Operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally.

Marcus & Millichap

Market Cap: €1.1b

An investment brokerage company, provides commercial real estate investment sales, financing services, research and advisory services in the United States and Canada.

Dimand

Market Cap: €241.8m

Engages in the investment, development, and sale of real estate properties in Greece.

Immobel

Market Cap: €211.7m

Engages in the real estate development business in Belgium, France, Luxembourg, Germany, Poland, Spain, and the United Kingdom.

Midea Real Estate Holding

Market Cap: €4.2b

An investment holding company, provides property management services in the People’s Republic of China.

Lendlease Group

Market Cap: €1.7b

Operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas.

Noratis

Market Cap: €2.5m

A real estate company, invests in, develops, manages, and sells residential property portfolios in Germany.

Real Matters

Market Cap: €381.8m

Provides residential real estate appraisal and title services in Canada and the United States.

Shun Tak Holdings

Market Cap: €1.7b

An investment holding company, engages in the property, transportation, hospitality and leisure, and investment businesses in Hong Kong, Macau, the People's Republic of China, Singapore, and internationally.

Grand City Properties

Market Cap: €1.5b

Engages in the residential real estate business in Germany, the United Kingdom, and internationally.

Yuexiu Property

Market Cap: €17.4b

Develops, sells, invests, and manages properties primarily in Mainland China and Hong Kong.

Real Brokerage

Market Cap: €362.7m

Operates as a real estate technology company in the United States and Canada.

Samhällsbyggnadsbolaget i Norden

Market Cap: €5.8b

Owns, develops, and manages residential and social infrastructure properties in Sweden, Norway, Finland, and Denmark.

CPI Europe

Market Cap: €2.1b

Engages in the purchasing, leasing, realization, acquisition, and developing of properties in Austria, Germany, Poland, the Czech Republic, Hungary, Romania, Slovakia, Croatia, Serbia, Slovenia, and Italy.

Deutsche Wohnen

Market Cap: €7.2b

Develops and manages residential properties in Germany.

Deutsche Wohnen

Market Cap: €7.2b

Develops and manages residential properties in Germany.

Noratis

Market Cap: €1.5m

A real estate company, invests in, develops, manages, and sells residential property portfolios in Germany.

China Resources Land

Market Cap: €253.1b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Shenzhen Investment

Market Cap: €6.8b

An investment holding company, develops, invests, and manages real estate properties in Mainland China.