Real estate stocks with the lowest PE ratio

Ranked

134

of 226 real estate stocks we cover

Median

24.2×

Lowest

2.5×

MDRR

Range

2.5× to 175×

#	Company	PE	PE vs its 10 years	Revenue growth (TTM)	Market cap
1	MDRRMedalist Diversified, REIT - Specialty	2.5×	n/a	−0.7%	$15.4M
2	IVRInvesco Mortgage Capital, REIT - Specialty	3.7×	3rd pct	n/m	$596.3M
3	DXDynex Capital, REIT - Specialty	4.2×	30th pct	n/m	$2.7B
4	NLYAnnaly Capital Management, REIT - Specialty	4.6×	48th pct	n/m	$13.8B
5	ADAMAdamas Trust, REIT - Specialty	4.6×	4th pct	n/m	$702M
6	AGNCAGNC Investment, REIT - Specialty	4.7×	12th pct	n/m	$10.5B
7	PMTPennyMac Mortgage Investment Trust, REIT - Specialty	5.0×	6th pct	+14.6%	$613.9M
8	DOUGDouglas Elliman, Real Estate - Services	5.5×	n/a	−2.7%	$144.5M
9	STHOStar, Real Estate - Services	6.2×	n/a	−17.7%	$90.7M
10	MFAMFA Financial, REIT - Specialty	6.5×	8th pct	n/m	$673.2M
11	SUNSSunrise Realty Trust, REIT - Specialty	6.5×	2nd pct	+44.3%	$85.8M
12	REFIChicago Atlantic Real Estate Finance, REIT - Specialty	6.8×	2nd pct	n/m	$240.1M
13	SAFESafehold, REIT - Specialty	6.9×	0th pct	+12.1%	$795.3M
14	CBLCBL & Associates Properties, REIT - Specialty	7.2×	1st pct	+9.0%	$1.5B
15	MITTTPG Mortgage Investment Trust, REIT - Specialty	7.4×	41st pct	n/m	$173M
16	NREFNexPoint Real Estate Finance, REIT - Specialty	7.5×	52nd pct	n/m	$294.2M
17	ALXAlexanders, REIT - Specialty	7.5×	1st pct	−1.5%	$1.3B
18	FORForestar, Real Estate - Services	7.8×	28th pct	+11.8%	$1.3B
19	ARIApollo Commercial Real Estate Finance, REIT - Specialty	8.0×	12th pct	−14.7%	$823.1M
20	XRNChiron Real Estate, REIT - Specialty	8.1×	n/a	+8.0%	$397.1M
21	LOANManhattan Bridge Capital, REIT - Specialty	8.3×	1st pct	−9.5%	$39.5M
22	MRPMillrose Properties, Real Estate - Services	8.3×	n/a	n/m	$4B
23	VICIVICI Properties, REIT - Diversified	9.2×	2nd pct	+4.4%	$26.2B
24	SEVNSeven Hills Realty Trust, REIT - Specialty	9.2×	68th pct	−2.1%	$140.4M
25	AOMRAngel Oak Mortgage REIT, Real Estate - Services	9.8×	68th pct	n/m	$171.1M
26	GLPIGaming & Leisure Properties, REIT - Specialty	11.6×	1st pct	+5.8%	$11.5B
27	TRTXTPG RE Finance Trust, REIT - Specialty	11.6×	41st pct	−2.6%	$482.1M
28	IIPRInnovative Industrial Properties, Real Estate - Services	12.2×	12th pct	−8.4%	$1.5B
29	HHHHoward Hughes, REIT - Specialty	14.2×	21st pct	+34.0%	$4.2B
30	CHMICherry Hill Mortgage Investment, REIT - Specialty	14.2×	51st pct	+124.5%	$94.6M
31	OLPOne Liberty Properties, REIT - Specialty	14.2×	17th pct	n/m	$487.8M
32	JLLJones Lang Lasalle, Real Estate - Services	14.4×	28th pct	+11.2%	$13.8B
33	FBRTFranklin BSP Realty Trust, REIT - Specialty	14.5×	57th pct	+42.5%	$518.2M
34	CTOCTO Realty Growth, REIT - Specialty	14.5×	51st pct	+14.3%	$741.5M
35	SPGSimon Property, REIT - Retail	14.9×	13th pct	n/m	$68.5B
36	KRGKite Realty Group Trust, REIT - Specialty	15.2×	1st pct	−5.6%	$4.9B
37	RITMRithm Capital, REIT - Specialty	15.7×	90th pct	−23.9%	$5.2B
38	LTCLTC Properties, REIT - Specialty	16.0×	32nd pct	+59.8%	$2.4B
39	NMRKNewmark, Real Estate - Services	16.2×	58th pct	+20.8%	$2.1B
40	HSTHost Hotels & Resorts, REIT - Specialty	16.6×	44th pct	+4.9%	$16.9B
41	OHIOmega Healthcare Investors, REIT - Specialty	16.7×	17th pct	+15.0%	$14B
42	GTYGetty Realty, Real Estate - Services	17.1×	5th pct	+12.3%	$1.9B
43	TRNOTerreno Realty, Real Estate - Services	17.5×	5th pct	+18.0%	$7.1B
44	EPREPR Properties, REIT - Specialty	17.9×	11th pct	+4.5%	$4.3B
45	DRHDiamondRock Hospitality, REIT - Specialty	19.1×	15th pct	+1.0%	$2.8B
46	IORIncome Opportunity Realty Investors, REIT - Specialty	19.1×	83rd pct	n/m	$71.6M
47	AXRAmrep, Real Estate - Development	19.4×	68th pct	−15.3%	$110.3M
48	NHINational Health Investors, REIT - Specialty	19.4×	33rd pct	+23.9%	$3.3B
49	CHCTCommunity Healthcare Trust, REIT - Specialty	19.4×	0th pct	+5.7%	$372.5M
50	STRWStrawberry Fields REIT, REIT - Specialty	19.8×	23rd pct	+18.3%	$179.4M
51	FRFirst Industrial Realty Trust, REIT - Specialty	19.9×	22nd pct	+8.4%	$7.2B
52	SBACSBA Communications, REIT - Specialty	19.9×	4th pct	+5.4%	$19.6B
53	BRXBrixmor Property, REIT - Specialty	20.0×	55th pct	+5.8%	$8.6B
54	FCPTFour Corners Property Trust, REIT - Specialty	20.0×	17th pct	+9.6%	$2.4B
55	HIWHighwoods Properties, REIT - Specialty	20.1×	44th pct	+3.0%	$3.4B
56	NNNNNN REIT, REIT - Specialty	20.5×	25th pct	+6.5%	$8B
57	FPIFarmland Partners, REIT - Specialty	20.5×	28th pct	−6.4%	$447.2M
58	EPRTEssential Properties Realty Trust, REIT - Specialty	20.7×	11th pct	+22.3%	$5.8B
59	STWDStarwood Property Trust, REIT - Specialty	21.3×	96th pct	+11.8%	$4.7B
60	WPCW. P. Carey, REIT - Specialty	21.8×	13th pct	+9.0%	$14.6B
61	FRTFederal Realty Investment Trust, REIT - Specialty	22.0×	14th pct	+8.0%	$9.4B
62	OUTOUTFRONT Media, REIT - Specialty	22.3×	41st pct	+7.6%	$5.5B
63	UDRUDR, REIT - Specialty	22.8×	1st pct	+1.5%	$11.5B
64	BNLBroadstone Net Lease, REIT - Specialty	22.8×	45th pct	+7.7%	$3.3B
65	CTRECareTrust REIT, REIT - Specialty	23.0×	1st pct	+53.0%	$8.7B
66	CDPCopt Defense Properties, REIT - Specialty	23.6×	45th pct	+4.5%	$3.8B
67	CXWCoreCivic, REIT - Specialty	24.0×	81st pct	+24.3%	$3B
68	APLEApple Hospitality REIT, REIT - Specialty	24.4×	81st pct	+1.2%	$4.3B
69	REGRegency Centers, REIT - Specialty	25.0×	17th pct	+8.2%	$13.5B
70	INVHInvitation Homes, Real Estate - Services	25.3×	1st pct	+6.7%	$16.3B
71	AMHAmerican Homes 4 Rent, REIT - Specialty	25.3×	3rd pct	+4.3%	$11.5B
72	AMTAmerican Tower, REIT - Specialty	26.0×	2nd pct	+6.6%	$88.1B
73	KRCKilroy Realty, REIT - Specialty	26.2×	56th pct	−3.6%	$4.3B
74	UHTUniversal Health Realty Income Trust, REIT - Specialty	27.1×	12th pct	+0.8%	$523.6M
75	SELFGlobal Self Storage, REIT - Specialty	27.1×	51st pct	+0.5%	$55.7M
76	CUBECubeSmart, REIT - Specialty	27.7×	27th pct	+3.9%	$9B
77	KIMKimco Realty, REIT - Specialty	27.8×	62nd pct	+4.4%	$15.8B
78	PLDPrologis, REIT - Industrial	27.9×	33rd pct	+7.2%	$118B
79	STAGSTAG Industrial, REIT - Specialty	28.0×	17th pct	+9.6%	$7B
80	CBRECBRE, Real Estate - Services	28.3×	66th pct	+14.7%	$35.7B
81	LAMRLamar Advertising, REIT - Specialty	28.3×	75th pct	+4.4%	$15.7B
82	WYWeyerhaeuser, REIT - Specialty	29.5×	44th pct	−2.6%	$14B
83	ELSEquity Lifestyle Properties, REIT - Specialty	29.5×	1st pct	+2.5%	$11.8B
84	PSAPublic Storage, REIT - Industrial	29.6×	50th pct	+3.0%	$54.4B
85	BFSSaul Centers, REIT - Specialty	30.3×	53rd pct	+8.7%	$725.4M
86	ARLAmerican Realty Investors, Real Estate - Services	31.3×	64th pct	+6.8%	$263.3M
87	JOEST JOE, Real Estate - Development	31.6×	20th pct	+28.4%	$3.8B
88	EXRExtra Space Storage, REIT - Industrial	31.7×	54th pct	+4.2%	$30.3B
89	RHPRyman Hospitality Properties, REIT - Specialty	32.0×	89th pct	+12.2%	$8.2B
90	BXPBXP, REIT - Specialty	33.4×	36th pct	+1.9%	$9.9B
91	CPTCamden Property Trust, REIT - Specialty	33.8×	32nd pct	+56.8%	$10.3B
92	PECOPhillips Edison, REIT - Specialty	34.6×	2nd pct	+8.1%	$4.9B
93	EGPEastgroup Properties, REIT - Specialty	34.9×	25th pct	+11.0%	$10.7B
94	MAAMID America Apartment Communities, REIT - Specialty	35.0×	53rd pct	+0.8%	$13.9B
95	PINEAlpine Income Property Trust, REIT - Specialty	35.1×	48th pct	+31.9%	$289.9M
96	UEUrban Edge Properties, Real Estate - Services	35.8×	78th pct	+7.4%	$2.4B
97	ADCAgree Realty, REIT - Specialty	35.9×	40th pct	+18.2%	$8.3B
98	PSTLPostal Realty Trust, REIT - Specialty	40.6×	9th pct	+22.0%	$662.8M
99	CWKCushman & Wakefield, Real Estate - Services	40.8×	72nd pct	+11.0%	$2.8B
100	RYNRayonier, REIT - Specialty	41.4×	58th pct	+0.4%	$5.5B

The first 100 of 134.

Not ranked: 66 with a loss over the last year, 5 with a quarter missing, 4 with not a meaningful number, 3 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.