Global Real Estate Management and Development Potentially Undervalued Companies

Ciputra Development

Market Cap: Rp17.5t

Develops and sells real estate properties in Indonesia.

Pinthong Industrial Park

Market Cap: ฿5.2b

Engages in the industrial real estate projects development and building rental activities in Thailand.

Branicks Group

Market Cap: €168.0m

Branicks Group AG is Germany’s leading listed specialist for commercial real estate, with more than 25 years of experience in the property market and access to a broad network of investors.

Aroundtown

Market Cap: €3.5b

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

Assetwise

Market Cap: ฿4.9b

Engages in property development and other real estate activities in Thailand.

Anywhere Real Estate

Market Cap: US$1.2b

Through its subsidiaries, provides residential real estate services in the United States and internationally.

Immobel

Market Cap: €260.8m

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

Far East Consortium International

Market Cap: €2.4b

Engages in property development activities in the People’s Republic of China, Hong Kong, Malaysia, Singapore, Australia, New Zealand, the United Kingdom, the Czech Republic, and rest of Europe.

Calgro M3 Holdings

Market Cap: R468.8m

Develops and manages integrated residential properties in South Africa.

Longfor Group Holdings

Market Cap: €79.2b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Immobel

Market Cap: €260.8m

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

LAMDA Development

Market Cap: €1.3b

Lamda Development S.A., together with its subsidiaries, engages in the investment in, development, and project management activities in the commercial real estate market in Greece and internationally.

Central China Management

Market Cap: HK$425.2m

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

LSL Property Services

Market Cap: US$277.3m

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.

Longfor Group Holdings

Market Cap: HK$78.6b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Pinthong Industrial Park

Market Cap: ฿5.2b

Engages in the industrial real estate projects development and building rental activities in Thailand.

Jinmao Property Services

Market Cap: HK$2.6b

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

A-Living Smart City Services

Market Cap: HK$4.0b

Provides property management, sale, and inspection services in the People’s Republic of China.

Lippo Karawaci

Market Cap: Rp7.2t

Provides property development services in Indonesia.

New World Development

Market Cap: HK$19.7b

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

China Merchants Property Operation & Service

Market Cap: CN¥12.8b

China Merchants Property Operation & Service Co., Ltd.

Cebu Landmasters

Market Cap: ₱8.2b

Engages in the development, leasing, management, and sale of real estate properties in the Philippines.

Sunac China Holdings

Market Cap: HK$18.1b

Engages in property development and investment.

Summarecon Agung

Market Cap: Rp7.2t

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

New Hope Service Holdings

Market Cap: HK$1.7b

Provides property management, value-added, commercial operational, and lifestyle services.

Zhuhai Huafa PropertiesLtd

Market Cap: CN¥15.0b

Engages in the real estate development business in China.

Shenzhen Overseas Chinese TownLtd

Market Cap: CN¥20.5b

Engages in the investment and operation of theme parks, hotels, and real estate properties in China.

MUGEN ESTATELtd

Market Cap: JP¥51.4b

MUGEN ESTATE Co.,Ltd. purchases and resells pre-owned properties in Japan.

Poly Property Group

Market Cap: €6.4b

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

Noratis

Market Cap: €10.7m

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

Noratis

Market Cap: €10.7m

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

Shun Tak Holdings

Market Cap: €2.5b

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.

Foxtons Group

Market Cap: €164.1m

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

Develia

Market Cap: €3.8b

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

China Resources Land

Market Cap: €211.2b

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

Parkit Enterprise

Market Cap: €120.9m

Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key urban markets in Canada.