General Real Estate Companies

General real estate firms are corporations involved in many of the same real estate activities as REITs but without enjoying the tax benefits afforded to REITs. REITs enjoy special tax advantages so long as they pass on 90% or more of their earnings each quarter to shareholders in the form of dividends.

The types of activities in which these general real estate firms are involved include:

  • Property design and development
  • Property management, including operations of hotels, resorts, apartments, and other facilities
  • Land and building acquisitions, investments, and dispositions

The table below shows the general real estate firms, both domestic and foreign, traded on U.S. stock exchanges:
 

CompanyHeadquartersTicker / ExchangeIndustryMarket Cap ($M)Trailing P/EDividend YieldYTD Return3-Year Return5-Year Return10-Year ReturnWebsite
Agile Group Holdings LtdAsia-China-GuangzhouAGPYF / OTCReal Estate - General6,3488.8x0.0%34.2%61.3%17.1%NAwww.agile.com.cn
Agile Group Holdings Ltd ADRAsia-China-GuangzhouAGPYY / OTCReal Estate - General6,3486.7x7.5%83.5%38.7%11.5%NAwww.agile.com.cn
Algodon Wines & Luxury DevelopUSA-NY-New YorkVINO / OTCReal Estate - General23--0.0%-48.4%NANANAwww.algodongroup.com
American Realty Investors IncUSA-TX-DallasARL / NYSEReal Estate - General27321.4x0.0%33.0%34.6%32.3%8.0%www.amrealtytrust.com
Ascendas India TrustAsia-SingaporeACNDF / OTCReal Estate - General8745.8x4.6%0.7%15.3%17.6%NAwww.a-itrust.com
Ayala CorporationAsia-Philippines-MakatiAYYLF / OTCReal Estate - General19,11120.7x0.4%-4.3%4.8%9.8%NAwww.ayala.com.ph
Ayala Corporation ADRAsia-Philippines-MakatiAYALY / OTCReal Estate - General19,11120.7x0.7%-10.4%3.5%8.2%NAwww.ayala.com.ph
BBMG Corp ADRAsia-China-BeijingBBMPY / OTCReal Estate - General5,11328.8x0.0%0.0%0.0%NANAwww.bbmg.com.cn
Beijing North Star Co Ltd HAsia-China-BeijingBEIJF / OTCReal Estate - General1,6507.5x0.0%-3.1%-8.7%9.2%NAwww.beijingns.com.cn
Blue Ridge Real Estate CoUSA-PA-BlakesleeBRRE / OTCReal Estate - General17--0.0%7.5%-2.3%-4.0%-9.2%www.brreco.com
Capital Properties IncUSA-RI-ProvidenceCPTP / OTCReal Estate - General10667.1x1.7%16.6%10.9%13.4%-3.4%www.capitalpropertiesinc.com
CapitaLand LtdAsia-SingaporeCLLDF / OTCReal Estate - General10,5179.5x0.0%-12.0%5.4%1.6%NAwww.capitaland.com
CapitaLand Ltd ADRAsia-SingaporeCLLDY / OTCReal Estate - General10,51710.4x3.5%0.6%11.1%4.1%1.8%www.capitaland.com
China Evergrande GroupAsia-China-ShenzhenEGRNF / OTCReal Estate - General45,67914.2x0.0%6.3%89.3%59.0%NAwww.evergrande.com
China Evergrande Group ADRAsia-China-ShenzhenEGRNY / OTCReal Estate - General45,67914.2x0.0%12.3%90.0%NANAwww.evergrande.com
China HGS Real Estate IncAsia-China-Hanzhong CityHGSH / NasdaqReal Estate - General626.2x0.0%11.8%-8.3%-28.9%36.8%www.chinahgs.com
China Jinmao Holdings Group LtAsia-Hong KongFRSHY / OTCReal Estate - General4,9298.2x2.6%5.7%21.2%NANAwww.chinajinmao.cn
China Overseas Grand Oceans GrAsia-Hong KongCSVGY / OTCReal Estate - General1,1307.5x0.0%0.0%NANANAwww.cogogl.com.hk
China Overseas Land & InvestmeAsia-Hong KongCAOVF / OTCReal Estate - General35,0386.7x0.0%0.0%3.3%4.3%NAwww.coli.com.hk
China Overseas Land & InvestmeAsia-Hong KongCAOVY / OTCReal Estate - General35,0386.7x3.2%4.6%7.8%4.0%NAwww.coli.com.hk
China Resources Land LtdAsia-Hong KongCRBJF / OTCReal Estate - General24,3738.1x0.0%17.5%7.2%4.8%NAwww.crland.com.hk
China Resources Land Ltd ADRAsia-Hong KongCRBJY / OTCReal Estate - General24,3738.4x3.5%23.3%15.6%NANAwww.crland.com.hk
China Vanke Co Ltd ADRAsia-China-ShenzhenCHVKY / OTCReal Estate - General37,9945.5x3.1%NANANANAwww.vanke.com
China Vanke Co Ltd HAsia-China-ShenzhenCHVKF / OTCReal Estate - General37,9947.8x0.0%-20.9%NANANAwww.vanke.com
Chinese Estates Holdings LtdAsia-Hong KongCESTF / OTCReal Estate - General2,4845.3x0.0%-16.6%-4.2%NANAwww.chineseestates.com
Chinese Estates Holdings Ltd AAsia-Hong KongCESTY / OTCReal Estate - General2,5226.1x1.8%-12.8%11.9%NANAwww.chineseestates.com
CK Asset Holdings LtdAsia-Hong KongCHKGF / OTCReal Estate - General26,7585.3x0.0%-17.0%4.3%NANAwww.ckah.com
Consolidated-Tomoka Land CoUSA-FL-Daytona BeachCTO / NYSE AmericanReal Estate - General3426.8x0.4%-2.8%5.1%11.5%4.3%www.ctlc.com
Corporacion Inmobiliaria VestaMexico-Bosque de las LomasVESTF / OTCReal Estate - General86911.4x5.5%10.7%0.1%-1.2%NAwww.vesta.com.mx
Country Garden Holdings Co LtdAsia-China-FoshanCTRYF / OTCReal Estate - General32,6518.6x0.0%-18.1%69.6%22.8%NAwww.countrygarden.com.cn
Country Garden Holdings Co LtdAsia-China-FoshanCTRYY / OTCReal Estate - General32,6518.1x4.2%-23.1%61.4%20.4%NAwww.countrygarden.com.cn
CR2 Empreendimentos ImobiliariBrazil-Rio de JaneiroCREIY / OTCReal Estate - General12--0.0%-57.3%-35.5%-28.9%NAwww.cr2.com.br
Cyrela Commercial Propert SA EBrazil-Sao PauloCYRLY / OTCReal Estate - General2726.7x0.0%2.1%-14.8%-21.8%-5.0%www.ccpsa.com.br
Daiwa House Industry Co LtdAsia-Japan-OsakaDWAHF / OTCReal Estate - General21,23811.1x1.4%1.7%22.2%15.4%NAwww.daiwahouse.co.jp
Daiwa House Industry Co Ltd ADAsia-Japan-OsakaDWAHY / OTCReal Estate - General20,2119.4x3.2%-19.7%9.9%13.5%13.7%www.daiwahouse.co.jp
Deutsche Wohnen SEEU-Germany-BerlinDWHHF / OTCReal Estate - General18,2258.7x0.0%6.2%22.2%23.3%NAwww.deutsche-wohnen.com
Deutsche Wohnen SE ADREU-Germany-BerlinDTCWY / OTCReal Estate - General18,2259.3x1.9%15.6%NANANAwww.deutsche-wohnen.com
Firm Capital American Realty PCanada-TorontoDELAF / OTCReal Estate - General4444.8x2.7%9.1%8.5%NANAwww.firmcapital.com
Five Point Holdings LLC AUSA-CA-Aliso ViejoFPH / NYSEReal Estate - General73528.3x0.0%-21.6%NANANAwww.fivepoint.com
Forestar Group IncUSA-TX-AustinFOR / NYSEReal Estate - General1,076--0.0%16.6%26.0%5.1%2.4%www.forestargroup.com
Globe Trade Centre SA ADREU-Poland-WarsawGBCEY / OTCReal Estate - General1,2135.1x0.0%4.3%6.4%NANAwww.gtc.com.pl
Goldcrest Co LtdAsia-Japan-TokyoCDCTF / OTCReal Estate - General59811.9x1.0%-11.9%7.0%-1.5%NAwww.goldcrest.co.jp
Green Brick Partners IncUSA-TX-PlanoGRBK / NasdaqReal Estate - General52019.3x0.0%-9.3%-5.0%30.7%-6.3%www.greenbrickpartners.com
Grow Condos IncUSA-OR-Eagle PointGRWC / OTCReal Estate - General17--0.0%7.6%-57.2%-48.1%NAwww.growcondos.com
Guangzhou R&F Properties Co LtAsia-China-GuangzhouGZUHY / OTCReal Estate - General6,5851.9x9.4%-18.0%23.9%11.3%NAwww.rfchina.com
HomeFed CorpUSA-CA-CarlsbadHOFD / OTCReal Estate - General805108.3x0.0%-0.5%7.4%6.8%1.7%www.homefedcorporation.com
Hongkong Land Holdings LtdBermuda-HamiltonHKHGF / OTCReal Estate - General16,1734.6x2.8%2.8%4.4%4.5%NAwww.hkland.com
Hongkong Land Holdings Ltd ADRBermuda-HamiltonHNGKY / OTCReal Estate - General16,1734.6x2.9%2.0%3.2%4.4%NAwww.hkland.com
Huntwicke Capital Group IncUSA-MA-TopsfieldHCGI / OTCReal Estate - General219.4x3.2%-19.7%9.9%13.5%13.7%www.huntwicke.com
Hysan Development Co Ltd ADRAsia-Hong KongHYSNY / OTCReal Estate - General5,3058.7x0.0%6.2%22.2%23.3%NAwww.hysan.com.hk
Income Opportunity Realty InveUSA-TX-DallasIOR / NYSE AmericanReal Estate - General509.3x1.9%15.6%NANANAwww.incomeopp-realty.com
Innovative Industrial PropertiUSA-CA-San DiegoIIPR / NYSEReal Estate - General294--0.0%4.8%-63.7%-39.9%-35.9%www.innovativeindustrialproperties.com
IRSA Inversiones y RepresentacArgentina-Buenos AiresIRS / NYSEReal Estate - General829--0.0%NANANANAwww.irsa.com.ar
J. W. Mays IncUSA-NY-BrooklynMAYS / NasdaqReal Estate - General77--0.0%400.0%175.2%-17.4%NAwww.jwmays.com
Kaanapali Land LLCUSA-IL-ChicagoKANP / OTCReal Estate - General6244.8x2.7%9.1%8.5%NANAwww.kaanapalidevelopment.com
Kerry Properties LtdAsia-Hong KongKRYPF / OTCReal Estate - General5,5622.9x0.0%-23.1%-10.1%-7.8%1.1%www.kerryprops.com
Kerry Properties Ltd ADRAsia-Hong KongKRYPY / OTCReal Estate - General5,56228.3x0.0%-21.6%NANANAwww.kerryprops.com
Kiwi Property Group LtdNew Zealand-AucklandKWIPF / OTCReal Estate - General1,306--1.0%1.5%-14.7%-5.6%2.3%www.kp.co.nz
LEG Immobilien AGEU-Germany-DusseldorfLEGIF / OTCReal Estate - General7,806--0.0%0.0%14.5%-68.3%-58.5%www.leg.ag
Lendlease GroupAustralia-SydneyLLESF / OTCReal Estate - General8,5825.1x0.0%4.3%6.4%NANAwww.lendlease.com
Lendlease Group ADRAustralia-SydneyLLESY / OTCReal Estate - General8,48911.9x1.0%-11.9%7.0%-1.5%NAwww.lendlease.com
Maui Land & Pineapple Co IncUSA-HI-MauiMLP / NYSEReal Estate - General24319.3x0.0%-9.3%-5.0%30.7%-6.3%www.mauiland.com
Megaworld Corp ADRAsia-Philippines-TaguigMGAWY / OTCReal Estate - General2,7951.9x9.4%-18.0%23.9%11.3%NAwww.megaworldcorp.com
Melcor Developments LtdCanada-EdmontonMODVF / OTCReal Estate - General383--0.0%280.0%-93.2%-88.5%-73.5%www.melcor.ca
Mitsubishi Estate Co LtdAsia-Japan-TokyoMITEF / OTCReal Estate - General22,723108.3x0.0%-0.5%7.4%6.8%1.7%www.mec.co.jp
Mitsubishi Estate Co Ltd ADRAsia-Japan-TokyoMITEY / OTCReal Estate - General22,7234.6x2.8%2.8%4.4%4.5%NAwww.mec.co.jp
Mitsui Fudosan Co LtdAsia-Japan-TokyoMTSFF / OTCReal Estate - General22,2844.6x2.9%2.0%3.2%4.4%NAwww.mitsuifudosan.co.jp
Mitsui Fudosan Co Ltd ADRAsia-Japan-TokyoMTSFY / OTCReal Estate - General22,284--0.0%-32.5%-18.9%67.9%-34.6%www.mitsuifudosan.co.jp
MJ Holdings IncUSA-NV-Las VegasMJNE / OTCReal Estate - General100--0.0%-59.9%-7.5%NANAwww.mjholdingsinc.com
New England Realty AssociatesUSA-MA-AllstonNEN / NYSE AmericanReal Estate - General24354.6x1.8%-10.4%13.9%9.3%11.4%ww.thehamiltoncompany.com
New World Development Co Ltd AAsia-Hong KongNDVLY / OTCReal Estate - General13,8617.3x4.4%-4.5%14.2%3.7%2.4%www.nwd.com.hk
PDG Realty SA EmpreendimentosBrazil-Rio de JaneiroPDGRY / OTCReal Estate - General12--0.0%-69.7%-50.4%-67.2%NAwww.pdg.com.br
PICO Holdings IncUSA-CA-San DiegoPICO / NasdaqReal Estate - General269--0.0%-3.9%10.2%-3.9%-9.6%www.picoholdings.com
PSP Swiss Property AGEU-Switzerland-ZugPSPSF / OTCReal Estate - General4,56016.5x3.7%9.3%6.8%3.8%NAwww.psp.info
Renhe Commercial Holdings Co LAsia-China-HarbinRNHEF / OTCReal Estate - General1,362--0.0%-14.4%-23.9%-17.9%NAwww.renhebusiness.com
Safety, Income and Growth IncUSA-NY-New YorkSAFE / NYSEReal Estate - General300121.2x3.7%-4.7%NANANAwww.safetyincomegrowth.com
Santa Fe Financial CorpUSA-CA-Los AngelesSFEF / OTCReal Estate - General43--0.0%7.7%-16.4%15.5%10.0%www.intgla.com
Shenzhen Investment LtdAsia-Hong KongSZNTF / OTCReal Estate - General2,6644.5x0.0%-10.5%-4.5%5.3%NAwww.shenzheninvestment.com
Shenzhen Investment Ltd ADRAsia-Hong KongSZNTY / OTCReal Estate - General2,6648.8x4.0%2.9%4.0%NANAwww.shenzheninvestment.com
Shimao Property Holdings LtdAsia-Hong KongSIOPF / OTCReal Estate - General9,7698.2x0.0%22.6%26.4%7.3%NAwww.shimaoproperty.com
Shimao Property Holdings Ltd AAsia-Hong KongSHMAY / OTCReal Estate - General9,7697.7x4.9%24.2%13.7%NANAwww.shimaoproperty.com
Shui On Land Ltd ADRAsia-China-ShanghaiSOLLY / UnknownReal Estate - General1,9107.8x0.0%NANANANAwww.shuionland.com
Sino Land Co LtdAsia-Hong KongSNLAF / OTCReal Estate - General11,2705.5x3.2%-10.7%4.8%6.2%NAwww.sino.com
Sino Land Co Ltd ADRAsia-Hong KongSNLAY / OTCReal Estate - General11,2705.9x4.0%2.8%12.3%9.3%3.7%www.sino.com
Sino-Ocean Group Holding LtdAsia-Hong KongSIOLF / OTCReal Estate - General4,0737.5x1.9%71.3%12.8%11.6%NAwww.sinooceanland.com
Sino-Ocean Group Holding Ltd AAsia-Hong KongSIOLY / OTCReal Estate - General4,0735.5x6.6%3.5%-2.4%3.3%NAwww.sinooceanland.com
Sinolink Worldwide Holdings LtAsia-Hong KongSNLKF / OTCReal Estate - General32937.9x0.0%57.9%16.5%-1.4%NAwww.sinolinkhk.com
SOHO China LtdAsia-China-BeijingSOHOF / OTCReal Estate - General2,0772.9x0.0%-32.8%-4.6%-6.4%NAwww.sohochina.com
Solon Eiendom ASAEU-Norway-OsloBNRPF / OTCReal Estate - General195--0.0%-100.0%-98.2%-91.8%NAsoloneiendom.no
Solon Eiendom ASA ADREU-Norway-OsloBNRQY / OTCReal Estate - General195--0.0%1.7%NANANAsoloneiendom.no
Straits Trading Co Ltd ADRAsia-SingaporeSTTSY / OTCReal Estate - General59626.4x1.9%2.9%-8.0%NANAwww.stc.com.sg
Stratus Properties IncUSA-TX-AustinSTRS / NasdaqReal Estate - General24251.1x0.0%-0.2%23.3%19.0%0.5%www.stratusproperties.com
Sun Hung Kai Properties LtdAsia-Hong KongSUHJF / OTCReal Estate - General43,7026.5x2.5%-7.3%9.9%5.2%NAwww.shkp.com
Sun Hung Kai Properties Ltd ADAsia-Hong KongSUHJY / OTCReal Estate - General43,7026.3x3.6%-8.7%9.1%6.1%3.0%www.shkp.com
Sunrise Real Estate Group IncAsia-China-ShanghaiSRRE / OTCReal Estate - General160.3x0.0%161.1%98.6%63.7%-6.3%www.sunrise.sh
Swire Pacific Ltd ADRAsia-Hong KongSWRAY / OTCReal Estate - General15,9985.2x2.3%27.6%5.0%3.5%4.6%www.swirepacific.com
Swire Pacific Ltd ADRAsia-Hong KongSWRBY / OTCReal Estate - General15,9984.3x2.8%20.9%-1.1%-0.1%3.6%www.swirepacific.com
Swire Pacific Ltd Class AAsia-Hong KongSWRAF / OTCReal Estate - General15,9985.2x1.2%27.8%-3.0%1.8%NAwww.swirepacific.com
Swire Pacific Ltd Class BAsia-Hong KongSWRBF / OTCReal Estate - General15,9984.0x1.6%20.7%-8.2%-1.0%NAwww.swirepacific.com
Swiss Prime Site AGEU-Switzerland-OltenSWPRF / OTCReal Estate - General6,56120.6x0.0%5.3%4.4%3.2%NAwww.sps.swiss
Tejon Ranch CoUSA-CA-LebecTRC / NYSEReal Estate - General578445.2x0.0%7.2%-1.1%-5.0%-3.7%www.tejonranch.com
Texas Pacific Land TrustUSA-TX-DallasTPL / NYSEReal Estate - General6,45648.7x0.1%86.5%92.3%57.6%34.4%www.TPLTrust.com
The Howard Hughes CorpUSA-TX-DallasHHC / NYSEReal Estate - General5,58235.7x0.0%-1.2%0.9%4.9%NAwww.howardhughes.com
The St. Joe CoUSA-FL-WatersoundJOE / NYSEReal Estate - General1,06716.6x0.0%-3.6%0.0%-2.1%-7.3%www.joe.com
Tian An China Investments Co LAsia-Hong KongTIACF / OTCReal Estate - General8203.1x4.8%4.8%-0.9%-4.2%NAwww.tiananchina.com
Trinity Place Holdings IncUSA-NY-New YorkTPHS / NYSE AmericanReal Estate - General190--0.0%-13.7%0.5%6.1%NAwww.tphs.com
UOL Group LtdAsia-SingaporeUOLGF / OTCReal Estate - General4,20615.8x2.6%0.0%-3.9%-4.6%NAwww.uol.com.sg
UOL Group Ltd ADRAsia-SingaporeUOLGY / OTCReal Estate - General4,2596.4x2.6%-19.3%7.4%2.6%NAwww.uol.com.sg
Wheelock and Co LtdAsia-Hong KongWHLKF / OTCReal Estate - General13,0435.1x1.9%-1.9%16.4%7.0%NAwww.wheelockcompany.com
Wheelock and Co Ltd ADRAsia-Hong KongWHLKY / OTCReal Estate - General13,0435.0x2.9%-6.2%14.9%7.3%NAwww.wheelockcompany.com
Xinyuan Real Estate Co Ltd ADRAsia-China-BeijingXIN / NYSEReal Estate - General29510.6x8.8%-28.6%27.3%1.3%-0.8%www.xyre.com
Yangtze River Port and LogistiUSA-NY-New YorkYRIV / NasdaqReal Estate - General2,017--0.0%32.7%77.6%147.7%NAwww.yerr.com.cn
Yuexiu Property Co LtdAsia-Hong KongYUEXF / OTCReal Estate - General2,2758.3x2.3%33.3%12.6%2.6%NAwww.yuexiuproperty.com

 

Notes

Sources: Morningstar and Bloomberg as of August 30, 2018.
Listing excludes companies with market capitalizations of less than $10 million or unknown.

Disclaimer

Inclusion of companies on this list does not imply that Solari recommends these stocks for investment. Please consult your financial advisor and invest in a manner appropriate for your personal situation.