Global Real Estate Management and Development Potentially Undervalued Companies

Aroundtown

Market Cap: €3.5b

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

Kallebäck Property Invest

Market Cap: SEK 755.6m

Operates as a real estate company primarily in Sweden.

CPI FIM

Market Cap: €1.2b

CPI FIM SA, société anonyme (the “Company”) and its subsidiaries (together the “Group” or “CPI FIM”), is an owner of income-generating real estate and land bank primarily in Poland and in the Czech Republic.

Great Eagle Holdings

Market Cap: €10.2b

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.

Mitre Realty Empreendimentos e Participações

Market Cap: R$410.4m

Engages in the development, construction, and sale of residential and commercial real estate properties for middle-class and upper middle-class customers in Brazil.

Norstar Holdings

Market Cap: ₪648.5m

Develops, rents, and manages real estate properties in Northern Europe, Central and Eastern Europe, Israel, Brazil, and the United States.

LSL Property Services

Market Cap: UK£278.4m

Engages in the provision of business-to-business services to mortgage intermediaries and estate agent franchisees, and valuation services to lenders in the United Kingdom.

CR Energy

Market Cap: €8.3m

An investment company, invests in technology companies in Germany.

Zentra Group

Market Cap: UK£1.1m

Operates as a property development and management company in the United Kingdom.

CR Energy

Market Cap: €8.3m

An investment company, invests in technology companies in Germany.

Nexpe Participações

Market Cap: R$8.9m

Operates as a digital real estate curation platform in Brazil.

Citycon Oyj

Market Cap: €587.8m

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

Emaar Misr for Development Company (S.A.E.)

Market Cap: ج.م44.4b

Engages in real estate and project development and investment business in Egypt.

Zahraa El Maadi Investment and Development Company SAE

Market Cap: ج.م4.4b

Develops and sells residential units and lands in Egypt.

KATITAS

Market Cap: US$140.7b

KATITAS CO., Ltd. surveys, purchases, refurbishes, remodels, and sells used homes to individuals and families in Japan.

Dexin China Holdings

Market Cap: €252.4m

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

Manas Properties

Market Cap: ₹1.6b

Manas Properties Limited engages in the construction, development, and leasing of properties in India.

Manjeera Constructions

Market Cap: ₹450.3m

Engages in the property development, civil construction contracts, and infrastructure projects development in India.

Branicks Group

Market Cap: €125.1m

Branicks Group AG (formerly DIC Asset AG) is a leading German listed specialist for office and logistics real estate as well as renewable assets with over 25 years of experience in the real estate market and access to a broad investor network.

Singapore Land Group

Market Cap: US$2.5b

An investment holding company, engages in the development of properties for investment and trading in Singapore and internationally.

New World Development

Market Cap: US$19.7b

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

Plaza Centres

Market Cap: €16.6m

Owns, leases, manages, and markets the Plaza Shopping and Commercial Centre in Malta.

Vipul

Market Cap: ₹1.4b

Engages in the development of real estate properties in India.

CNQC International Holdings

Market Cap: HK$308.9m

An investment holding company, engages in property development, foundation, and construction business in Singapore, Hong Kong, Macau, and Southeast Asia.

NO. 2 Industrial Urban Development

Market Cap: ₫1.1t

Engages in the development of building, real estate and industries in Vietnam.

Farlim Group (Malaysia) Bhd

Market Cap: RM 24.5m

An investment holding company, engages in the development of properties in Malaysia.

Eupe Corporation Berhad

Market Cap: RM 138.7m

An investment holding company, engages in the investment, development, construction, rental, and management of properties in Malaysia.

Tian An China Investments

Market Cap: HK$7.3b

An investment holding company, invests in, develops, and manages properties in the People's Republic of China, Hong Kong, and the United Kingdom.

Agency Group Australia

Market Cap: AU$10.5m

Engages in the real estate business in Australia.

Falabella PerúA

Market Cap: S/1.2b

Engages in real estate activities in Peru.

Ornsirin Holding

Market Cap: ฿1.1b

Engages in the development and sale of real estate properties in Thailand.

Xinyuan Property Management Service (Cayman)

Market Cap: HK$308.4m

Xinyuan Property Management Service (Cayman) Ltd.

Thang Long Investment Group

Market Cap: ₫1.8t

Operates as an investment and project development company in Vietnam.

Gyan Developers and Builders

Market Cap: ₹173.9m

Gyan Developers and Builders Limited is involved in the buying and selling of vacant lands in India.

Nanjing Gaoke

Market Cap: CN¥13.7b

Engages in the development of real estate properties in China.

United Docks

Market Cap: MU₨2.1b

An investment holding company, operates as a real estate developer in the Republic of Mauritius.