Global Real Estate Undervalued Small Caps With Insider Buying

Farmland Partners

Market Cap: US$428.3m

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.

Nexus Industrial REIT

Market Cap: CA$746.1m

Nexus is a growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$895.7m

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

Social Housing REIT

Market Cap: UK£269.9m

Social Housing REIT plc (the "Company") is a Real Estate Investment Trust ("REIT") incorporated in England and Wales under the Companies Act 2006 as a public company limited by shares on 12 June 2017.

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.

Regional REIT

Market Cap: UK£171.8m

Regional REIT Limited ("Regional REIT" or the "Company") and its subsidiaries (the "Group") is a United Kingdom ("UK") based real estate investment trust that launched in November 2015.

Saul Centers

Market Cap: US$1.1b

A self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 62 properties, which includes (a) 50 community and neighborhood shopping centers and eight mixed-use properties with approximately 10.2 million square feet of leasable area and (b) four non-operating land and development properties.

Flagship Communities Real Estate Investment Trust

Market Cap: CA$627.0m

An unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated August 12, 2020 (as subsequently amended and restated, the “Declaration of Trust”) under the laws of the Province of Ontario.

Property For Industry

Market Cap: NZ$1.2b

Engages in the property investment and management business in New Zealand.

NexPoint Diversified Real Estate Trust

Market Cap: US$141.7m

An externally advised, publicly traded, diversified real estate investment trust (REIT) focused on the acquisition, development, and management of opportunistic and value-add investments throughout the United States across multiple sectors where NexPoint and its affiliates have operational expertise.

Workspace Group

Market Cap: UK£733.6m

Workspace is London's leading owner and operator of flexible workspace, currently managing 4.3 million sq.

Killam Apartment REIT

Market Cap: CA$2.1b

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $5.6 billion portfolio of apartments and manufactured home communities.

Investore Property

Market Cap: NZ$456.9m

Investore Property Limited (Investore) is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets.

BTB Real Estate Investment Trust

Market Cap: CA$353.2m

BTB is a real estate investment trust listed on the Toronto Stock Exchange.

Plaza Retail REIT

Market Cap: CA$464.2m

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada.

Precinct Properties NZ & Precinct Properties Investments

Market Cap: NZ$2.2b

Listed on the NZX Main Board under the ticker code PCT and ranked in the NZX top 30, Precinct is the largest owner, manager and developer of premium city centre real estate in Auckland and Wellington.

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.

Global Medical REIT

Market Cap: US$459.4m

Global Medical REIT Inc. (the “Company”) is a Maryland corporation and internally managed real estate investment trust (“REIT”) that acquires healthcare facilities and leases those facilities to physician groups and regional and national healthcare systems.

Armada Hoffler Properties

Market Cap: US$681.1m

Armada Hoffler (NYSE: AHH) is a vertically integrated, self-managed real estate investment trust with over four decades of experience developing, building, acquiring, and managing high-quality retail, office, and multifamily properties located primarily in the Mid-Atlantic and Southeastern United States.

Supermarket Income REIT

Market Cap: UK£1.0b

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.

Burstone Group

Market Cap: R7.6b

A South African Real Estate Investment Trust, (REIT), which listed on the JSE in the Real Estate Holdings and Development Sector on 14 April 2011.

BRT Apartments

Market Cap: US$292.0m

BRT Apartments Corp. (the "Company" or "BRT"), a Maryland corporation, owns, operates and, to a lesser extent, develops multi-family properties.

SmartStop Self Storage REIT

Market Cap: US$1.8b

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop Self Storage brand.

Brandywine Realty Trust

Market Cap: US$597.6m

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in Philadelphia, PA and Austin, TX.