German Real Estate Management and Development Potentially Undervalued Companies

Samhällsbyggnadsbolaget i Norden

Market Cap: €9.6b

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

Foxtons Group

Market Cap: €185.4m

An estate agency, provides services to the residential property market in the United Kingdom.

Noratis

Market Cap: €16.6m

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

Develia

Market Cap: €4.0b

Through its subsidiaries, buys, develops, rents, manages, and sells real estate properties in Poland.

China Resources Land

Market Cap: €213.6b

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

CBo Territoria

Market Cap: €128.5m

Operates as a real estate company in France.

NEPI Rockcastle

Market Cap: €98.1b

NEPI Rockcastle N.V. (“the Company”, “NEPI Rockcastle”, “the Group”) is a public limited company domiciled in the Netherlands, having its registered office at Strawinskylaan 563, WTC Zuidas, Tower Ten, 5th Floor, 1077 XX Amsterdam, with registration number at the Dutch Chamber of Commerce 87488329.

Midland Holdings

Market Cap: €1.3b

An investment holding company, provides property agency services in Hong Kong, Macau, and Mainland China.

Compass

Market Cap: €3.7b

Provides real estate brokerage services in the United States.

VIB Vermögen

Market Cap: €234.7m

Engages in the development, acquisition, and management of commercial real estate properties in Germany.

Daiwa House Industry

Market Cap: €3.1t

Engages in the construction contracts business in Japan and internationally.

Zhenro Properties Group

Market Cap: €214.0m

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

Minmetals Land

Market Cap: €1.5b

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

RCM Beteiligungs

Market Cap: €16.9m

A public investment firm specializing in real estate.

China South City Holdings

Market Cap: €1.4b

Develops and operates integrated logistics and trade centers in the People’s Republic of China.

Summarecon Agung

Market Cap: €6.7t

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

RCM Beteiligungs

Market Cap: €16.9m

A public investment firm specializing in real estate.

Logan Group

Market Cap: €5.8b

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

Zensun Enterprises

Market Cap: €216.2m

An investment holding company, engages in the property development, property investment, project management and sales services, hotel operations, and securities trading and investment businesses.

Xinyuan Real Estate

Market Cap: €17.8m

Engages in residential real estate development and construction activities in the People’s Republic of China, the United States, Malaysia, and the United Kingdom.

CR Energy

Market Cap: €13.5m

An investment company, invests in technology companies in Germany.

Comstock Holding Companies

Market Cap: €123.4m

Operates as a asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C.

Zensun Enterprises

Market Cap: €273.6m

An investment holding company, engages in the property development, property investment, project management and sales services, hotel operations, and securities trading and investment businesses.

OUE

Market Cap: €859.8m

Operates as a real estate development, investment, and management company in Singapore, the People’s Republic of China, Japan, and Indonesia.

Great Eagle Holdings

Market Cap: €11.3b

An investment holding company, invests in, develops, leases, and manages residential, office, industrial, and hotel properties in Hong Kong, the United States, Canada, the United Kingdom, Australia, New Zealand, Mainland China, and internationally.

Krona Public Real Estate

Market Cap: €207.0m

Operates as a real estate company in Norway.

Wang On Group

Market Cap: €354.2m

An investment holding company, primarily engages in the property development and investment activities in Hong Kong, Mainland China, Macau, and internationally.

CR Energy

Market Cap: €13.5m

An investment company, invests in technology companies in Germany.

Dexin China Holdings

Market Cap: €252.4m

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

CR Energy

Market Cap: €13.5m

An investment company, invests in technology companies in Germany.

China Merchants Land

Market Cap: €1.5b

An investment holding company, engages in the development, management, lease, investment, and sale of properties.

Eastnine

Market Cap: €4.8b

A real estate investment firm.

Five Point Holdings

Market Cap: €815.7m

Designs, owns, and develops mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County.

Melcor Developments

Market Cap: €431.8m

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

Halmont Properties

Market Cap: €162.4m

Invests in real assets in Canada.

Olav Thon Eiendomsselskap

Market Cap: €29.7b

Engages in the property rental business in Norway and Sweden.