U.S. Real Estate Undervalued Small Caps With Insider Buying

Industrial Logistics Properties Trust

Market Cap: US$395.4m

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

Farmland Partners

Market Cap: US$486.5m

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.

Pebblebrook Hotel Trust

Market Cap: US$1.4b

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

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.

Clipper Realty

Market Cap: US$162.2m

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.

Orion Properties

Market Cap: US$154.9m

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S.

BRT Apartments

Market Cap: US$296.8m

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

Alpine Income Property Trust

Market Cap: US$216.6m

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.