Real Estate

Marcus & Millichap is a commercial real estate brokerage centered on investment sales and financing. A debt-light balance sheet, established national platform, and leverage to a recovery in transaction volumes make it a notable name to examine more closely.

Mercialys is a French retail REIT centered on shopping centers and convenience-led assets. Strong operating margins, solid cash generation, and an elevated dividend profile make it a notable name in retail property, even as growth remains measured.

Lendlease develops and delivers major urban property projects, with experience in large mixed-use precincts that few rivals can match. The key attraction is the gap between its depressed valuation and what a successful simplification and capital recycling program could unlock.

Ladder Capital is a commercial real estate finance REIT centered on senior secured lending, with added income from securities and property holdings. Its high dividend and niche in a tighter lending market make the business worth a closer look.

Fortune REIT owns Hong Kong neighborhood shopping centers that generate recurring rental income from everyday retail activity. The portfolio looks durable, and the valuation is exceptionally low, making the contrast between stable assets and strained earnings especially worth examining.

Empire State Realty pairs high-profile Manhattan properties with the Empire State Building Observatory, giving it a rare mix of office rent and tourism income. The shares reflect deep skepticism, while improving revenue per share and asset quality keep the long-term case worth examining.

Empire State Realty Trust combines Manhattan office properties with the iconic Empire State Building observatory business. That unusual mix offers multiple revenue streams and recognizable assets, making the company an interesting case tied to New York real estate and tourism.