Real estate stocks with the lowest EV/EBIT

Ranked

153

of 226 real estate stocks we cover

Median

24.8×

Lowest

0.2×

SQFT

Range

0.2× to 211×

#	Company	EV/EBIT	PE	Operating margin	Market cap
1	SQFTPresidio Property Trust, REIT - Specialty	0.2×	n/m	n/m	$1.1M
2	DOUGDouglas Elliman, Real Estate - Services	0.7×	5.5×	3.5%	$144.5M
3	AEIAlset, Real Estate - Services	1.0×	n/m	n/m	$21.8M
4	MDRRMedalist Diversified, REIT - Specialty	2.1×	2.5×	n/m	$15.4M
5	INTGIntergroup, Real Estate - Services	2.9×	43.2×	16.0%	$70.6M
6	AHTAshford Hospitality Trust, REIT - Specialty	4.7×	n/m	n/m	$18.2M
7	FPHFive Point Holdings, LLC, Real Estate - Services	4.8×	n/m	−5.3%	$621.1M
8	ADAMAdamas Trust, REIT - Specialty	4.9×	4.6×	n/m	$702M
9	SEVNSeven Hills Realty Trust, REIT - Specialty	6.0×	9.2×	n/m	$140.4M
10	REFIChicago Atlantic Real Estate Finance, REIT - Specialty	6.8×	6.8×	n/m	$240.1M
11	FORForestar, Real Estate - Services	7.8×	7.8×	12.6%	$1.3B
12	BHRBraemar Hotels & Resorts, REIT - Specialty	8.2×	n/m	n/m	$96.8M
13	ALXAlexanders, REIT - Specialty	8.3×	7.5×	n/m	$1.3B
14	CHMICherry Hill Mortgage Investment, REIT - Specialty	9.4×	14.2×	n/m	$94.6M
15	CHCIComstock Holding Companies, Real Estate - Services	9.6×	n/m	21.5%	$179M
16	MRPMillrose Properties, Real Estate - Services	9.9×	8.3×	85.1%	$4B
17	AXRAmrep, Real Estate - Development	10.1×	19.4×	14.8%	$110.3M
18	CWKCushman & Wakefield, Real Estate - Services	10.3×	40.8×	4.4%	$2.8B
19	CBLCBL & Associates Properties, REIT - Specialty	10.6×	7.2×	n/m	$1.5B
20	NMRKNewmark, Real Estate - Services	10.7×	16.2×	7.7%	$2.1B
21	BXPBXP, REIT - Specialty	11.1×	33.4×	n/m	$9.9B
22	STRWStrawberry Fields REIT, REIT - Specialty	11.2×	19.8×	n/m	$179.4M
23	JLLJones Lang Lasalle, Real Estate - Services	11.5×	14.4×	4.7%	$13.8B
24	CUZCousins Properties, REIT - Specialty	11.8×	n/m	n/m	$4.8B
25	VICIVICI Properties, REIT - Diversified	11.9×	9.2×	n/m	$26.2B
26	HIWHighwoods Properties, REIT - Specialty	12.2×	20.1×	n/m	$3.4B
27	SLGSL Green Realty, REIT - Specialty	12.3×	n/m	n/m	$3.6B
28	BFSSaul Centers, REIT - Specialty	12.3×	30.3×	n/m	$725.4M
29	HHHHoward Hughes, REIT - Specialty	13.9×	14.2×	n/m	$4.2B
30	IIPRInnovative Industrial Properties, Real Estate - Services	14.0×	12.2×	51.4%	$1.5B
31	GLPIGaming & Leisure Properties, REIT - Specialty	14.1×	11.6×	n/m	$11.5B
32	KRGKite Realty Group Trust, REIT - Specialty	14.3×	15.2×	n/m	$4.9B
33	PMTPennyMac Mortgage Investment Trust, REIT - Specialty	14.4×	5.0×	n/m	$613.9M
34	LTCLTC Properties, REIT - Specialty	14.5×	16.0×	n/m	$2.4B
35	SUISun Communities, REIT - Specialty	15.3×	n/m	n/m	$14.6B
36	REGRegency Centers, REIT - Specialty	15.9×	25.0×	n/m	$13.5B
37	GNLGlobal Net Lease, REIT - Specialty	16.1×	n/m	n/m	$1.5B
38	CXWCoreCivic, REIT - Specialty	16.9×	24.0×	n/m	$3B
39	DRHDiamondRock Hospitality, REIT - Specialty	17.2×	19.1×	n/m	$2.8B
40	ESBAEmpire State Realty OP, REIT - Specialty	17.4×	159×	n/m	$106.2M
41	OLPOne Liberty Properties, REIT - Specialty	17.5×	14.2×	n/m	$487.8M
42	SELFGlobal Self Storage, REIT - Specialty	18.0×	27.1×	n/m	$55.7M
43	OHIOmega Healthcare Investors, REIT - Specialty	18.1×	16.7×	n/m	$14B
44	EPREPR Properties, REIT - Specialty	18.4×	17.9×	n/m	$4.3B
45	XRNChiron Real Estate, REIT - Specialty	18.4×	8.1×	n/m	$397.1M
46	TRNOTerreno Realty, Real Estate - Services	18.8×	17.5×	n/m	$7.1B
47	CHCTCommunity Healthcare Trust, REIT - Specialty	18.9×	19.4×	n/m	$372.5M
48	GTYGetty Realty, Real Estate - Services	19.8×	17.1×	63.5%	$1.9B
49	OUTOUTFRONT Media, REIT - Specialty	20.0×	22.3×	n/m	$5.5B
50	AKRAcadia Realty Trust, REIT - Specialty	20.1×	52.2×	n/m	$2.6B
51	GOODGladstone Commercial, Real Estate - Services	20.2×	46.2×	n/m	$581.4M
52	CBRECBRE, Real Estate - Services	20.5×	28.3×	4.5%	$35.7B
53	BRXBrixmor Property, REIT - Specialty	20.7×	20.0×	n/m	$8.6B
54	SBACSBA Communications, REIT - Specialty	20.8×	19.9×	n/m	$19.6B
55	FCPTFour Corners Property Trust, REIT - Specialty	21.2×	20.0×	n/m	$2.4B
56	CTOCTO Realty Growth, REIT - Specialty	21.5×	14.5×	n/m	$741.5M
57	EPRTEssential Properties Realty Trust, REIT - Specialty	21.5×	20.7×	n/m	$5.8B
58	PINEAlpine Income Property Trust, REIT - Specialty	21.7×	35.1×	n/m	$289.9M
59	MPTMedical Properties Trust, REIT - Specialty	21.8×	n/m	n/m	$1.6B
60	NNNNNN REIT, REIT - Specialty	21.9×	20.5×	n/m	$8B
61	FRTFederal Realty Investment Trust, REIT - Specialty	22.1×	22.0×	n/m	$9.4B
62	RHPRyman Hospitality Properties, REIT - Specialty	22.1×	32.0×	n/m	$8.2B
63	VACMARRIOTT VACATIONS WORLDWIDE, Real Estate - Services	22.2×	n/m	−3.3%	$3.8B
64	APLEApple Hospitality REIT, REIT - Specialty	22.3×	24.4×	n/m	$4.3B
65	WYWeyerhaeuser, REIT - Specialty	22.3×	29.5×	n/m	$14B
66	HSTHost Hotels & Resorts, REIT - Specialty	22.8×	16.6×	n/m	$16.9B
67	ESRTEmpire State Realty Trust, REIT - Specialty	22.9×	n/m	n/m	$867.4M
68	HRHealthcare Realty Trust, REIT - Specialty	22.9×	n/m	n/m	$6.2B
69	WPCW. P. Carey, REIT - Specialty	23.2×	21.8×	n/m	$14.6B
70	FPIFarmland Partners, REIT - Specialty	23.3×	20.5×	n/m	$447.2M
71	AMHAmerican Homes 4 Rent, REIT - Specialty	23.3×	25.3×	n/m	$11.5B
72	VNOVornado Realty Trust, REIT - Specialty	23.4×	n/m	n/m	$6.5B
73	CTRECareTrust REIT, REIT - Specialty	23.7×	23.0×	n/m	$8.7B
74	BNLBroadstone Net Lease, REIT - Specialty	24.3×	22.8×	n/m	$3.3B
75	CDPCopt Defense Properties, REIT - Specialty	24.6×	23.6×	n/m	$3.8B
76	UDRUDR, REIT - Specialty	24.8×	22.8×	n/m	$11.5B
77	JOEST JOE, Real Estate - Development	24.8×	31.6×	30.2%	$3.8B
78	SVCService Properties Trust, REIT - Specialty	25.3×	n/m	n/m	$796.5M
79	PDMPiedmont Realty Trust, Real Estate - Services	25.9×	n/m	n/m	$1.2B
80	LAMRLamar Advertising, REIT - Specialty	26.0×	28.3×	n/m	$15.7B
81	UHTUniversal Health Realty Income Trust, REIT - Specialty	26.0×	27.1×	n/m	$523.6M
82	STAGSTAG Industrial, REIT - Specialty	26.5×	28.0×	n/m	$7B
83	AMTAmerican Tower, REIT - Specialty	26.5×	26.0×	n/m	$88.1B
84	AHRAmerican Healthcare REIT, REIT - Specialty	26.7×	78.0×	n/m	$11.6B
85	CCICrown Castle, REIT - Specialty	27.1×	43.6×	n/m	$36.6B
86	RLJRLJ Lodging Trust, REIT - Specialty	27.3×	n/m	n/m	$1.8B
87	AHRTAH Realty Trust, Real Estate - Services	27.4×	n/m	22.7%	$455M
88	PSTLPostal Realty Trust, REIT - Specialty	28.2×	40.6×	n/m	$662.8M
89	AATAmerican Assets Trust, REIT - Specialty	28.5×	73.7×	n/m	$1.3B
90	CSRCenterspace, REIT - Specialty	28.9×	45.6×	n/m	$956.8M
91	CLDTChatham Lodging Trust, REIT - Specialty	29.0×	175×	n/m	$653.3M
92	SPGSimon Property, REIT - Retail	29.6×	14.9×	n/m	$68.5B
93	UEUrban Edge Properties, Real Estate - Services	29.7×	35.8×	30.1%	$2.4B
94	DOCHealthpeak Properties, REIT - Specialty	29.8×	55.0×	n/m	$13.3B
95	PSAPublic Storage, REIT - Industrial	30.3×	29.6×	n/m	$54.4B
96	KIMKimco Realty, REIT - Specialty	30.5×	27.8×	n/m	$15.8B
97	EXRExtra Space Storage, REIT - Industrial	31.2×	31.7×	n/m	$30.3B
98	PLDPrologis, REIT - Industrial	31.2×	27.9×	n/m	$118B
99	MAAMID America Apartment Communities, REIT - Specialty	31.6×	35.0×	n/m	$13.9B
100	ADCAgree Realty, REIT - Specialty	32.7×	35.9×	n/m	$8.3B

The first 100 of 153.

Not ranked: 43 with a loss over the last year, 11 with not a meaningful number, 3 with a number that doesn't describe its kind of business, 2 with a value too high to mean anything. 14 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.