Global Real Estate Undervalued Small Caps With Insider Buying

BWP Trust

Market Cap: AU$2.5b

Established and listed on the Australian Securities Exchange (‘ASX’) in 1998, BWP Trust (‘BWP’ or ‘the Trust’) is a real estate investment trust investing in and managing commercial properties throughout Australia.

Daiwa House Logistics Trust

Market Cap: S$395.4m

Daiwa House Logistics Trust (“DHLT”) is a Singapore real estate investment trust (“REIT”) established with the investment strategy of principally investing in a portfolio of income-producing logistics and industrial real estate assets located across Asia.

Industrial Logistics Properties Trust

Market Cap: US$399.3m

ILPT is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties.

Farmland Partners

Market Cap: US$493.2m

An internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$980.4m

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario.

Growthpoint Properties Australia

Market Cap: AU$1.9b

Since 2009, we’ve been investing in high-quality Australian real estate.

Hudson Pacific Properties

Market Cap: US$1.1b

A real estate investment trust, or REIT, and the sole general partner of our operating partnership.

Spear Reit

Market Cap: R3.3b

Spear REIT Limited (“Spear”) listed as a Real Estate Investment Trust (“REIT”) on the main board of the Johannesburg Stock Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE that predominantly invests in high-quality income-generating assets in the Western Cape.

Pebblebrook Hotel Trust

Market Cap: US$1.3b

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States.

Braemar Hotels & Resorts

Market Cap: US$201.0m

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

Centerspace

Market Cap: US$1.0b

An owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others.

Alpine Income Property Trust

Market Cap: US$234.0m

Alpine Income Property Trust, Inc. (the “Company” or “PINE”) is a real estate investment trust (“REIT”) that owns and operates a high-quality portfolio of commercial net lease properties.

Waypoint REIT

Market Cap: AU$1.7b

Waypoint REIT is Australia’s largest listed REIT owning solely fuel and convenience retail properties; it has a high-quality network across all Australian States and mainland Territories.

BSR Real Estate Investment Trust

Market Cap: CA$677.2m

An internally managed, unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario.

Firm Capital Property Trust

Market Cap: CA$224.5m

Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income.

Pro Real Estate Investment Trust

Market Cap: CA$394.5m

PROREIT (TSX:PRV.UN) is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario.

LTC Properties

Market Cap: US$1.7b

LTC is a real estate investment trust (REIT) focused on seniors housing and health care properties, investing through RIDEA, triple-net leases, joint ventures, and structured finance solutions.

Clipper Realty

Market Cap: US$189.0m

Clipper Realty Inc. (NYSE: CLPR) is a self-administered and self-managed real estate company that acquires, owns, manages, operates, and repositions multifamily residential and commercial properties in the New York metropolitan area, with a portfolio in Manhattan and Brooklyn.

MREIT

Market Cap: ₱55.4b

Operates as a real estate investment trust.

NexPoint Residential Trust

Market Cap: US$856.2m

NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.

Supermarket Income REIT

Market Cap: UK£978.3m

Supermarket Income REIT plc (LSE: SUPR, JSE: SRI) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the feed the nation infrastructure.

NorthWest Healthcare Properties Real Estate Investment Trust

Market Cap: CA$1.2b

Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at May 14, 2025, of interests in a diversified portfolio of 169 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe, and Australasia.

CLS Holdings

Market Cap: UK£243.2m

Engages in the investment, development, and management of commercial properties in the United Kingdom, Germany, and France.

Argosy Property

Market Cap: NZ$1.0b

Argosy Property Limited (APL or the Company) is an FMC Reporting Entity under the Financial Markets Conduct Act 2013 and the Financial Reporting Act 2013.