German Real Estate Management and Development Potentially Undervalued Companies

Logistri Fastighets

Market Cap: €1.1b

A specialized property company, owns, invests, develops, and manages warehouses, logistics, and industrial properties in Sweden.

eXp World Holdings

Market Cap: €1.8b

Provides cloud-based real estate brokerage services for residential homeowners and homebuyers.

Sunac Services Holdings

Market Cap: €5.7b

An investment holding company, provides property development, cultural tourism city construction and operation, and property management services in the People’s Republic of China.

Melcor Developments

Market Cap: €431.8m

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

Eastnine

Market Cap: €4.7b

A real estate investment firm.

Wall Financial

Market Cap: €513.5m

Operates as a real estate investment and development company in Canada.

Asia Standard International Group

Market Cap: €440.4m

An investment holding company, invests in, develops, and manages commercial, residential, retail, and hotel properties in Hong Kong, the People’s Republic of China, and Canada.

China New City Group

Market Cap: €1.3b

An investment holding company, engages in the commercial property development and investment for leasing, and commercial operations in Mainland China and internationally.

Halmont Properties

Market Cap: €162.4m

Invests in real assets in Canada.

CR Energy

Market Cap: €11.4m

An investment company, invests in technology companies in Germany.

China Merchants Land

Market Cap: €1.3b

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

Agung Podomoro Land

Market Cap: €2.2t

Owns, develops, and manages retail, commercial, and residential real estate properties in Indonesia.

RE/MAX Holdings

Market Cap: €277.7m

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

Immobel

Market Cap: €265.9m

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

Emperor International Holdings

Market Cap: €1.0b

An investment holding company, engages in property investment and development in Hong Kong, Macau, the United Kingdom, and the People’s Republic of China.

UOL Group

Market Cap: €5.9b

UOL Group Limited (UOL) is a leading Singapore-listed property and hospitality group with total assets of about $23 billion.

Metrovacesa

Market Cap: €1.5b

Operates as a real estate development company in Spain.

Supalai

Market Cap: €29.6b

Engages in the property development business in Thailand and Australia.

NexLiving Communities

Market Cap: €57.3m

Owns and manages multi-unit residential real estate properties in Canada.

GuocoLand

Market Cap: €1.9b

GuocoLand Limited (“GuocoLand”) and its subsidiaries (“the Group”) is a leading real estate group that is focused on its twin engines of growth in Property Investment and Property Development.

Yida China Holdings

Market Cap: €258.4m

An investment holding company, engages in the development, operation, and sale of residential properties, business parks, and office properties in the People’s Republic of China.

eXp World Holdings

Market Cap: €1.8b

Provides cloud-based real estate brokerage services for residential homeowners and homebuyers.

Atenor

Market Cap: €185.8m

Operates as a real estate development company in Belgium, Luxembourg, the Netherlands, France, Germany, Portugal, Poland, Hungary, Britain, and Romania.

Ganglong China Property Group

Market Cap: €147.6m

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

Intiland Development

Market Cap: €1.3t

Invests in, development and management of real estate properties in Indonesia.

Mitsui Fudosan

Market Cap: €3.7t

Operates as a real estate company in Japan.

Echo Investment

Market Cap: €2.2b

Engages in the construction, lease, and sale of office, retail, and residential buildings in Poland.

Bukit Sembawang Estates

Market Cap: €1.1b

An investment holding company, engages in the property development, investments, and other property related activities in Singapore.

Real Matters

Market Cap: €381.3m

A technology and network management company, provides appraisal and title services in Canada and the United States.

KWG Group Holdings

Market Cap: €1.2b

Engages in the property development and investment, and hotel operation businesses in Mainland China and Hong Kong.

KMC Properties

Market Cap: €56.3m

Does not have significant operations.

City Developments

Market Cap: €4.3b

City Developments Limited (CDL) is a leading global real estate company with a network spanning 168 locations in 29 countries and regions.

S-Enjoy Service Group

Market Cap: €2.4b

An investment holding company, provides property management and related value-added services for property developers in the People’s Republic of China.

Asia Orient Holdings

Market Cap: €285.9m

An investment holding company, engages in the property development, investment, and management activities in Hong Kong, Mainland China, and Canada.

BASSAC Société anonyme

Market Cap: €980.7m

Operates as a real estate development company primarily in France, Belgium, Germany, and Spain.

Yorkton Equity Group

Market Cap: €22.0m

Operates as a real estate investment company in Canada.