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,
Agile Group Holdings Ltd ADRAsia-China-GuangzhouAGPYY / OTCReal Estate - General6,
Algodon Wines & Luxury DevelopUSA-NY-New YorkVINO / OTCReal Estate -
American Realty Investors IncUSA-TX-DallasARL / NYSEReal Estate -
Ascendas India TrustAsia-SingaporeACNDF / OTCReal Estate -
Ayala CorporationAsia-Philippines-MakatiAYYLF / OTCReal Estate - General19,
Ayala Corporation ADRAsia-Philippines-MakatiAYALY / OTCReal Estate - General19,
BBMG Corp ADRAsia-China-BeijingBBMPY / OTCReal Estate - General5,
Beijing North Star Co Ltd HAsia-China-BeijingBEIJF / OTCReal Estate - General1,
Blue Ridge Real Estate CoUSA-PA-BlakesleeBRRE / OTCReal Estate -
Capital Properties IncUSA-RI-ProvidenceCPTP / OTCReal Estate -
CapitaLand LtdAsia-SingaporeCLLDF / OTCReal Estate - General10,
CapitaLand Ltd ADRAsia-SingaporeCLLDY / OTCReal Estate - General10,
China Evergrande GroupAsia-China-ShenzhenEGRNF / OTCReal Estate - General45,
China Evergrande Group ADRAsia-China-ShenzhenEGRNY / OTCReal Estate - General45,
China HGS Real Estate IncAsia-China-Hanzhong CityHGSH / NasdaqReal Estate -
China Jinmao Holdings Group LtAsia-Hong KongFRSHY / OTCReal Estate - General4,
China Overseas Grand Oceans GrAsia-Hong KongCSVGY / OTCReal Estate - General1,
China Overseas Land & InvestmeAsia-Hong KongCAOVF / OTCReal Estate - General35,
China Overseas Land & InvestmeAsia-Hong KongCAOVY / OTCReal Estate - General35,
China Resources Land LtdAsia-Hong KongCRBJF / OTCReal Estate - General24,
China Resources Land Ltd ADRAsia-Hong KongCRBJY / OTCReal Estate - General24,
China Vanke Co Ltd ADRAsia-China-ShenzhenCHVKY / OTCReal Estate - General37,
China Vanke Co Ltd HAsia-China-ShenzhenCHVKF / OTCReal Estate - General37,
Chinese Estates Holdings LtdAsia-Hong KongCESTF / OTCReal Estate - General2,
Chinese Estates Holdings Ltd AAsia-Hong KongCESTY / OTCReal Estate - General2,
CK Asset Holdings LtdAsia-Hong KongCHKGF / OTCReal Estate - General26,
Consolidated-Tomoka Land CoUSA-FL-Daytona BeachCTO / NYSE AmericanReal Estate -
Corporacion Inmobiliaria VestaMexico-Bosque de las LomasVESTF / OTCReal Estate -
Country Garden Holdings Co LtdAsia-China-FoshanCTRYF / OTCReal Estate - General32,
Country Garden Holdings Co LtdAsia-China-FoshanCTRYY / OTCReal Estate - General32,
CR2 Empreendimentos ImobiliariBrazil-Rio de JaneiroCREIY / OTCReal Estate -
Cyrela Commercial Propert SA EBrazil-Sao PauloCYRLY / OTCReal Estate -
Daiwa House Industry Co LtdAsia-Japan-OsakaDWAHF / OTCReal Estate - General21,
Daiwa House Industry Co Ltd ADAsia-Japan-OsakaDWAHY / OTCReal Estate - General20,
Deutsche Wohnen SEEU-Germany-BerlinDWHHF / OTCReal Estate - General18,
Deutsche Wohnen SE ADREU-Germany-BerlinDTCWY / OTCReal Estate - General18,
Firm Capital American Realty PCanada-TorontoDELAF / OTCReal Estate -
Five Point Holdings LLC AUSA-CA-Aliso ViejoFPH / NYSEReal Estate -
Forestar Group IncUSA-TX-AustinFOR / NYSEReal Estate - General1,
Globe Trade Centre SA ADREU-Poland-WarsawGBCEY / OTCReal Estate - General1,
Goldcrest Co LtdAsia-Japan-TokyoCDCTF / OTCReal Estate -
Green Brick Partners IncUSA-TX-PlanoGRBK / NasdaqReal Estate -
Grow Condos IncUSA-OR-Eagle PointGRWC / OTCReal Estate -
Guangzhou R&F Properties Co LtAsia-China-GuangzhouGZUHY / OTCReal Estate - General6,
HomeFed CorpUSA-CA-CarlsbadHOFD / OTCReal Estate -
Hongkong Land Holdings LtdBermuda-HamiltonHKHGF / OTCReal Estate - General16,
Hongkong Land Holdings Ltd ADRBermuda-HamiltonHNGKY / OTCReal Estate - General16,
Huntwicke Capital Group IncUSA-MA-TopsfieldHCGI / OTCReal Estate -
Hysan Development Co Ltd ADRAsia-Hong KongHYSNY / OTCReal Estate - General5,
Income Opportunity Realty InveUSA-TX-DallasIOR / NYSE AmericanReal Estate -
Innovative Industrial PropertiUSA-CA-San DiegoIIPR / NYSEReal Estate -
IRSA Inversiones y RepresentacArgentina-Buenos AiresIRS / NYSEReal Estate -
J. W. Mays IncUSA-NY-BrooklynMAYS / NasdaqReal Estate -
Kaanapali Land LLCUSA-IL-ChicagoKANP / OTCReal Estate -
Kerry Properties LtdAsia-Hong KongKRYPF / OTCReal Estate - General5,
Kerry Properties Ltd ADRAsia-Hong KongKRYPY / OTCReal Estate - General5,
Kiwi Property Group LtdNew Zealand-AucklandKWIPF / OTCReal Estate - General1,
LEG Immobilien AGEU-Germany-DusseldorfLEGIF / OTCReal Estate - General7,
Lendlease GroupAustralia-SydneyLLESF / OTCReal Estate - General8,
Lendlease Group ADRAustralia-SydneyLLESY / OTCReal Estate - General8,
Maui Land & Pineapple Co IncUSA-HI-MauiMLP / NYSEReal Estate -
Megaworld Corp ADRAsia-Philippines-TaguigMGAWY / OTCReal Estate - General2,
Melcor Developments LtdCanada-EdmontonMODVF / OTCReal Estate -
Mitsubishi Estate Co LtdAsia-Japan-TokyoMITEF / OTCReal Estate - General22,
Mitsubishi Estate Co Ltd ADRAsia-Japan-TokyoMITEY / OTCReal Estate - General22,
Mitsui Fudosan Co LtdAsia-Japan-TokyoMTSFF / OTCReal Estate - General22,
Mitsui Fudosan Co Ltd ADRAsia-Japan-TokyoMTSFY / OTCReal Estate - General22,
MJ Holdings IncUSA-NV-Las VegasMJNE / OTCReal Estate -
New England Realty AssociatesUSA-MA-AllstonNEN / NYSE AmericanReal Estate -
New World Development Co Ltd AAsia-Hong KongNDVLY / OTCReal Estate - General13,
PDG Realty SA EmpreendimentosBrazil-Rio de JaneiroPDGRY / OTCReal Estate -
PICO Holdings IncUSA-CA-San DiegoPICO / NasdaqReal Estate -
PSP Swiss Property AGEU-Switzerland-ZugPSPSF / OTCReal Estate - General4,
Renhe Commercial Holdings Co LAsia-China-HarbinRNHEF / OTCReal Estate - General1,
Safety, Income and Growth IncUSA-NY-New YorkSAFE / NYSEReal Estate -
Santa Fe Financial CorpUSA-CA-Los AngelesSFEF / OTCReal Estate -
Shenzhen Investment LtdAsia-Hong KongSZNTF / OTCReal Estate - General2,
Shenzhen Investment Ltd ADRAsia-Hong KongSZNTY / OTCReal Estate - General2,
Shimao Property Holdings LtdAsia-Hong KongSIOPF / OTCReal Estate - General9,
Shimao Property Holdings Ltd AAsia-Hong KongSHMAY / OTCReal Estate - General9,
Shui On Land Ltd ADRAsia-China-ShanghaiSOLLY / UnknownReal Estate - General1,
Sino Land Co LtdAsia-Hong KongSNLAF / OTCReal Estate - General11,
Sino Land Co Ltd ADRAsia-Hong KongSNLAY / OTCReal Estate - General11,
Sino-Ocean Group Holding LtdAsia-Hong KongSIOLF / OTCReal Estate - General4,
Sino-Ocean Group Holding Ltd AAsia-Hong KongSIOLY / OTCReal Estate - General4,
Sinolink Worldwide Holdings LtAsia-Hong KongSNLKF / OTCReal Estate -
SOHO China LtdAsia-China-BeijingSOHOF / OTCReal Estate - General2,
Solon Eiendom ASAEU-Norway-OsloBNRPF / OTCReal Estate -
Solon Eiendom ASA ADREU-Norway-OsloBNRQY / OTCReal Estate -
Straits Trading Co Ltd ADRAsia-SingaporeSTTSY / OTCReal Estate -
Stratus Properties IncUSA-TX-AustinSTRS / NasdaqReal Estate -
Sun Hung Kai Properties LtdAsia-Hong KongSUHJF / OTCReal Estate - General43,
Sun Hung Kai Properties Ltd ADAsia-Hong KongSUHJY / OTCReal Estate - General43,
Sunrise Real Estate Group IncAsia-China-ShanghaiSRRE / OTCReal Estate -
Swire Pacific Ltd ADRAsia-Hong KongSWRAY / OTCReal Estate - General15,
Swire Pacific Ltd ADRAsia-Hong KongSWRBY / OTCReal Estate - General15,
Swire Pacific Ltd Class AAsia-Hong KongSWRAF / OTCReal Estate - General15,
Swire Pacific Ltd Class BAsia-Hong KongSWRBF / OTCReal Estate - General15,
Swiss Prime Site AGEU-Switzerland-OltenSWPRF / OTCReal Estate - General6,
Tejon Ranch CoUSA-CA-LebecTRC / NYSEReal Estate -
Texas Pacific Land TrustUSA-TX-DallasTPL / NYSEReal Estate - General6,
The Howard Hughes CorpUSA-TX-DallasHHC / NYSEReal Estate - General5,
The St. Joe CoUSA-FL-WatersoundJOE / NYSEReal Estate - General1,
Tian An China Investments Co LAsia-Hong KongTIACF / OTCReal Estate -
Trinity Place Holdings IncUSA-NY-New YorkTPHS / NYSE AmericanReal Estate -
UOL Group LtdAsia-SingaporeUOLGF / OTCReal Estate - General4,
UOL Group Ltd ADRAsia-SingaporeUOLGY / OTCReal Estate - General4,
Wheelock and Co LtdAsia-Hong KongWHLKF / OTCReal Estate - General13,
Wheelock and Co Ltd ADRAsia-Hong KongWHLKY / OTCReal Estate - General13,
Xinyuan Real Estate Co Ltd ADRAsia-China-BeijingXIN / NYSEReal Estate -
Yangtze River Port and LogistiUSA-NY-New YorkYRIV / NasdaqReal Estate - General2,
Yuexiu Property Co LtdAsia-Hong KongYUEXF / OTCReal Estate - General2,



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


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.