Global Real Estate Management and Development Potentially Undervalued Companies

CapitaLand India Trust

Market Cap: US$1.3b

CapitaLand India Trust (CLINT) was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) in August 2007 as the first Indian property trust in Asia.

Harworth Group

Market Cap: UK£573.7m

Operates as a land and property regeneration company in the North of England and the Midlands.

Zensun Enterprises

Market Cap: €162.6m

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

Comstock Holding Companies

Market Cap: €105.7m

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

Alset

Market Cap: US$10.2m

Engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea.

Real Estate Investments Zambia

Market Cap: US$17.2m

Invests, develops, and restructures commercial, residential, and non-commercial property for commercial letting in Zambia.

City Developments

Market Cap: US$4.4b

City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions.

Tokyu Fudosan Holdings

Market Cap: US$711.5b

Engages in the real estate business in Japan and internationally.

Colliers International Group

Market Cap: CA$8.2b

Provides commercial real estate to corporate and institutional clients in the United States, Canada, Europe, Australia, the United Kingdom, Poland, China, India, and internationally.

Almogim Holdings

Market Cap: ₪391.1m

Develops and sells real estate properties in Israel and internationally.

Property & Building

Market Cap: ₪1.9b

Operates as a real estate company in Israel and internationally.

OUE

Market Cap: €714.7m

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

Olav Thon Eiendomsselskap

Market Cap: NOK 26.0b

Engages in the property rental business in Norway and Sweden.

Sunac China Holdings

Market Cap: €15.9b

Engages in the real estate industry.

Ichigo

Market Cap: JP¥163.9b

Engages in real estate business in Japan.

Eureka Group Holdings

Market Cap: AU$212.1m

Owns and manages senior independent living communities in Australia.

Nexpe Participações

Market Cap: R$10.2m

Through its subsidiaries, operates as a real estate brokerage and consulting company in Brazil.

Yanlord Land Group

Market Cap: US$917.5m

Operates as a real estate developer in the People's Republic of China, Singapore, and internationally.

DEMIRE Deutsche Mittelstand Real Estate

Market Cap: €70.2m

Engages in the acquisition, management, and leasing of commercial real estate properties for medium-sized companies in Germany.

Wang On Group

Market Cap: €311.7m

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

Sunty Development

Market Cap: NT$5.6b

Engages in the residential and commercial building projects in Greater Taipei, Taiwan.

A.D.Works GroupLtd

Market Cap: JP¥12.8b

Operates in the real estate and stock-based fee businesses in Japan.

Citychamp Dartong Advanced Materials

Market Cap: CN¥3.3b

Citychamp Dartong Advanced Materials Co., Ltd.

Hang Lung Group

Market Cap: US$14.9b

An investment holding company, operates as a property developer in Hong Kong and Mainland China.

CCCG Real Estate

Market Cap: CN¥2.9b

Develops, operates, and sells real estate properties in China.

Araneta Properties

Market Cap: ₱1.2b

Develops and sells real estate properties in the Philippines.

Excellence Commercial Property & Facilities Management Group

Market Cap: HK$1.6b

Provides commercial property management services in China.

Grand Field Group Holdings

Market Cap: HK$52.1m

An investment holding company, invests in and develops properties in the People’s Republic of China.

China Overseas Grand Oceans Group

Market Cap: HK$6.0b

An investment holding company, invests in, develops, and leases real estate properties in the People’s Republic of China and Hong Kong.

Jingrui Holdings

Market Cap: HK$20.0m

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

Frasers Property

Market Cap: US$3.6b

An investment holding company, develops, invests in, and manages a portfolio of real estate properties in Singapore, Australia, Europe, China, Thailand, and internationally.

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.

Capelli

Market Cap: €6.7m

Operates as a real estate development company in France, Switzerland, Luxembourg, and internationally.

Branicks Group

Market Cap: €125.1m

Branicks Group AG (formerly DIC Asset AG) is Germany’s leading listed specialist for office and logistics real estate with 25 years of experience on the real estate market and with access to a broad-based network of investors.

Manas Properties

Market Cap: ₹1.6b

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

Dexin China Holdings

Market Cap: €252.4m

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