Global Real Estate Undervalued based on future growth

Unibail-Rodamco-Westfield

Market Cap: €13.5b

Unibail-Rodamco-Westfield (URW) operates vibrant retail-anchored destinations in many of the world’s best cities and urban areas.

Gecina

Market Cap: €5.0b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Land Securities Group

Market Cap: UK£4.1b

We identify and shape places that create opportunity, enhance quality of life, and bring joy to the people connected to them.

Carmila

Market Cap: €2.4b

A leading European commercial real estate company, with 250 shopping centres across France, Spain and Italy.

Dream Industrial Real Estate Investment Trust

Market Cap: CA$3.7b

An owner, manager, and operator of a global portfolio of well-located, diversified industrial properties.

Eurocommercial Properties

Market Cap: €1.4b

A Euronext-quoted property investment company and one of Europe’s shopping centre specialists.

Infraestructura Viable de

Market Cap: Mex$23.4b

Operates as a trust administrator.

Strawberry Fields REIT

Market Cap: US$688.5m

A self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties.

Irish Residential Properties REIT

Market Cap: €511.3m

Irish Residential Properties REIT plc is a Real Estate Investment Trust providing quality professionally managed homes in sustainable communities in Ireland.

LH Hotel Leasehold Real Estate Investment Trust

Market Cap: ฿13.2b

Operates as a real estate investment trust in Thailand.

Dexus Convenience Retail REIT

Market Cap: AU$378.5m

A listed Australian real estate investment trust.

Prime US REIT

Market Cap: US$241.5m

Prime US REIT listed on the Main Board of the Singapore Exchange on 19 July 2019, is a well-diversified real estate investment trust focused on stabilized income-producing office assets in the United States.

Garda Property Group

Market Cap: AU$225.8m

Garda Property Group (ASX: GDF) (Garda) is an industrial real estate investor, developer and active manager with investments predominately in Brisbane.