Global Real Estate Potentially Undervalued Companies

Ravelin Properties REIT

Market Cap: US$34.3m

The REIT is an unincorporated, open-ended real estate investment trust governed by the laws of the Province of Ontario pursuant to an amended and restated Declaration of Trust dated as of December 31, 2024, as it may be further amended, supplemented or amended and restated from time to time (the "Declaration of Trust").

AvalonBay Communities

Market Cap: €27.8b

A member of the S&P 500, is an equity REIT that develops, redevelops, acquires and manages apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.

Sunstone Hotel Investors

Market Cap: €1.8b

A lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,999 rooms, the majority of which are operated under nationally recognized brands.

NETSTREIT

Market Cap: €1.5b

An internally managed real estate investment trust (REIT) based in Dallas, Texas that specializes in acquiring single-tenant net lease retail properties nationwide.

Kilroy Realty

Market Cap: €5.1b

Kilroy is a leading U.S. landlord and developer, with operations in San Diego, Los Angeles, the San Francisco Bay Area, Seattle, and Austin.

First Industrial Realty Trust

Market Cap: €6.9b

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.

Charter Hall Social Infrastructure REIT

Market Cap: AU$1.2b

Charter Hall Social Infrastructure REIT is the largest Australian ASX-listed real estate investment trust (A-REIT) that invests in social infrastructure properties.

Elanor Commercial Property Fund

Market Cap: AU$291.0m

Elanor Commercial Property Fund (ASX: ECF) is an externally managed real estate investment trust that invests in Australian commercial office assets.

Lamar Advertising

Market Cap: R$13.0b

Operates as an outdoor advertising company in the United States and Canada.

Stockland

Market Cap: AU$15.0b

We are a leading creator and curator of connected communities with people at the heart of the places we create.

KTBST Mixed Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿1.6b

A real estate investment trust, invests in various property development projects in Thailand.

Argan

Market Cap: US$1.6b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Mapletree Pan Asia Commercial Trust

Market Cap: US$6.5b

Mapletree Pan Asia Commercial Trust (“MPACT”) is a real estate investment trust (“REIT”) positioned to be the proxy to key gateway markets of Asia.

Postal Realty Trust

Market Cap: €505.2m

Postal Realty Trust, Inc. (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS").

Al Mal Capital PSC - Al Mal Capital REIT

Market Cap: د.إ647.5m

Al Mal Capital PSC - Al Mal Capital REIT is real estate investment fund invests in a diversified portfolio of income generating real estate assets.

PRS REIT

Market Cap: UK£538.3m

A closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth.

Braemar Hotels & Resorts

Market Cap: €216.5m

Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

Inmobiliaria Colonial SOCIMI

Market Cap: €3.4b

Inmobiliaria Colonial is the leading platform in the prime commercial real estate market in Europe, with a presence in the main business areas of Barcelona, Madrid, and Paris.

British Land

Market Cap: UK£3.3b

British Land is a UK commercial property company focused on real estate sectors with the strongest operational fundamentals: London campuses, retail parks, and London urban logistics.

Minto Apartment Real Estate Investment Trust

Market Cap: US$846.9m

An open-ended real estate investment trust, owns and operates a portfolio of income-producing multi-residential rental properties located in Canada.

Healthcare Activos Yield SOCIMI

Market Cap: €243.9m

Operates as a real estate investment vehicle that focuses on the healthcare sector in Europe.

FrontView REIT

Market Cap: US$368.9m

FrontView is an internally-managed net-lease REIT that acquires, owns and manages primarily properties with frontage that are net leased to a diversified group of tenants.

Covivio Hotels

Market Cap: €3.8b

Specializes in owning business premises in the hotel sector.

Generation Income Properties

Market Cap: US$5.1m

Generation Income Properties, Inc., located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.

Helical

Market Cap: UK£266.4m

Engages in the development, investment, and rental of real estate properties in the United Kingdom.

Newpark REIT

Market Cap: R480.0m

Newpark was registered and incorporated as a public company on 7 December 2015.

Warehouses De Pauw

Market Cap: €5.0b

WDP develops and invests in logistics real estate warehouses and offices.

Broadstone Net Lease

Market Cap: US$3.7b

BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants.

Ashford Hospitality Trust

Market Cap: US$37.4m

A REIT.

Suntec Real Estate Investment Trust

Market Cap: €3.9b

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore’s largest integrated commercial development (including one of Singapore’s largest shopping mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall.

Paramount Group

Market Cap: €1.8b

Paramount Group, Inc. ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco.

Inmobiliaria Colonial SOCIMI

Market Cap: €3.4b

Inmobiliaria Colonial is the leading platform in the prime commercial real estate market in Europe, with a presence in the main business areas of Barcelona, Madrid, and Paris.

Elme Communities

Market Cap: €1.5b

Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience.

American Homes 4 Rent

Market Cap: US$14.6b

AMH (NYSE: AMH) is a leading large-scale integrated owner, operator and developer of single-family rental homes.

Braemar Hotels & Resorts

Market Cap: US$216.5m

Braemar Hotels & Resorts is a real estate investment trust (REIT) focused on investing in luxury hotels and resorts.

CBL & Associates Properties

Market Cap: US$975.5m

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities.