U.S. Real Estate Management and Development Potentially Undervalued Companies

New World Development

Market Cap: US$20.8b

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

AMREP

Market Cap: US$132.3m

Through its subsidiaries, engages in the real estate business in the United States.

Times China Holdings

Market Cap: US$725.1m

An investment holding company, operates as a property developer in the People’s Republic of China.

Aroundtown

Market Cap: US$3.6b

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

Far East Consortium International

Market Cap: US$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.

UOL Group

Market Cap: US$6.5b

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

Comstock Holding Companies

Market Cap: US$157.3m

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

Five Point Holdings

Market Cap: US$955.9m

Designs, owns, and develops mixed-use planned communities in Orange County, Los Angeles County, and San Francisco County.

Great Eagle Holdings

Market Cap: US$11.0b

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.

Tian An China Investments

Market Cap: US$7.6b

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

Wharf Real Estate Investment

Market Cap: US$67.1b

An investment holding company, develops, owns, and operates properties and hotels in Hong Kong, Mainland China, and Singapore.

Central China Real Estate

Market Cap: US$294.8m

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

Genesis Land Development

Market Cap: US$200.6m

An integrated land developer and residential home builder, owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, Canada.

KWG Group Holdings

Market Cap: US$940.2m

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

Foxtons Group

Market Cap: US$170.9m

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

Zoned Properties

Market Cap: US$5.4m

A property investment company, focuses on acquiring real estate properties within the regulated cannabis industry in the United States.

China Overseas Land & Investment

Market Cap: US$156.5b

An investment holding company, engages in the property development, commercial property operations, and other businesses in the People’s Republic of China and the United Kingdom.

Copper Property CTL Pass Through Trust

Market Cap: US$927.8m

Owns, operates, and leases retail properties in the United States.

China Vanke

Market Cap: US$77.0b

Engages in the development and sale of properties in the Mainland China, Hong Kong, and internationally.

Lendlease Group

Market Cap: US$3.7b

Operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas.

Supalai

Market Cap: US$29.1b

Engages in the property development business in Thailand and Australia.

China Overseas Property Holdings

Market Cap: US$17.3b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

G City

Market Cap: US$2.2b

Through its subsidiaries, owns, develops, manages, and operates supermarket-anchored urban shopping centers and retail-based mixed-use properties in Israel, North America, Brazil, and Northern and Central Europe.

Cushman & Wakefield

Market Cap: US$3.9b

Provides commercial real estate services under the Cushman & Wakefield brand in the Americas, Europe, Middle East, Africa, and Asia Pacific.

Broad Street Realty

Market Cap: US$2.5m

Owns, operates, develops, and redevelops grocery-anchored shopping centers, street retail-based properties, and mixed-use assets in the Mid-Atlantic, Southeast, and Colorado.

Hang Lung Group

Market Cap: US$20.6b

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

Branicks Group

Market Cap: US$179.7m

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.

CTP

Market Cap: US$8.5b

Develops, owns, operates, and leases commercial real estate properties in Western Europe and Central and Eastern Europe.

Lendlease Group

Market Cap: US$3.7b

Operates as an integrated real estate and investment company in Australia, Asia, Europe, and the Americas.

Megaworld

Market Cap: US$66.7b

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

China Resources Land

Market Cap: US$224.6b

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

China Jinmao Holdings Group

Market Cap: US$20.0b

Engages in the property development business in Mainland China.

Forestar Group

Market Cap: US$1.4b

Operates as a residential lot development company in the United States.

Fathom Holdings

Market Cap: US$74.0m

Provides a real estate services platform that integrates residential brokerage, mortgage, title, and insurance services in the United States.

eXp World Holdings

Market Cap: US$1.8b

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

Compass

Market Cap: US$5.0b

Provides real estate brokerage services in the United States.