Sectors & Industries Real EstateReal Estate - Development
Best Real Estate Development Stocks to Buy Now (2025)
Top real estate development stocks in 2025 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +32.52% per year, and are the best real estate development stocks to buy now. Learn More.

Industry: Real Estate - Development

Growth Financials Momentum Sentiment Forecast Dividends Due Diligence

Real Estate Development is Zen Rated F and is the 117th ranked industry out of 145 stock market industries

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
FOR	FORESTAR GROUP INC	$26.66	$22.64	17.78%	8.08x	8.72x	0.82x	0.77x	2.64x	-$195.40M	-14.40%	$1.77B	34.73	$1.78B	7.98
FPH	FIVE POINT HOLDINGS LLC	$5.56	$35.11	-84.17%	4.12x	N/A	4.27x	1.02x	0.07x	$208.90M	25.22%	$803.04M	5.39	$910.11M	6.43
VTMX	VESTA REAL ESTATE CORPORATION SAB DE CV	$31.26	N/A	N/A	112.04x	181.22x	9.87x	1.04x	N/A	-$79.77M	-2.97%	$2.57B	29.98	$3.54B	9.93
JFB	JFB CONSTRUCTION HOLDINGS	$13.84	N/A	N/A	-43.25x	N/A	6.25x	11.85x	N/A	-$3.61M	-2.66%	$11.64M	1.19	$132.07M	-47.24
SDHC	SMITH DOUGLAS HOMES CORP	$20.76	N/A	N/A	16.35x	22.32x	0.19x	13.00x	N/A	-$40.81M	-21.80%	$82.18M	9.11	$1.11B	52.09
OZ	BELPOINTE PREP LLC	$64.40	N/A	N/A	-6.52x	N/A	33.70x	0.89x	N/A	-$103.11M	-42.41%	$281.79M	74.64	$476.14M	-44.06
MRNO	MURANO GLOBAL INVESTMENTS PLC	$0.79	N/A	N/A	N/A	N/A	1.09x	0.21x	N/A	-$30.71M	-48.99%	$296.77M	3.74	$630.29M	-14.07
LRE	LEAD REAL ESTATE CO LTD	$1.36	$6.86	-80.18%	3.33x	N/A	0.15x	0.56x	0.11x	$5.23M	28.16%	$33.12M	2.43	$86.52M	8.33
AXR	AMREP CORP	$19.25	$12.63	52.40%	9.82x	8.51x	2.24x	0.75x	5.09x	$4.49M	4.37%	$136.03M	25.48	$57.04M	4.97
LPA	LOGISTIC PROPERTIES OF THE AMERICAS	$2.98	$11.24	-73.49%	12.96x	N/A	1.98x	0.39x	0.11x	$5.28M	5.60%	$244.06M	7.74	$370.62M	20.90
SGD	SAFE & GREEN DEVELOPMENT CORP	$0.23	N/A	N/A	-0.05x	N/A	0.18x	1.13x	N/A	-$2.12M	-239.04%	$1.82M	0.47	$27.80M	-3.29
ARL	AMERICAN REALTY INVESTORS INC	$16.10	N/A	N/A	44.72x	N/A	5.30x	0.43x	N/A	-$106.07M	-40.79%	$607.77M	37.63	$457.37M	17.68
AEI	ALSET INC	$2.68	N/A	N/A	-2.25x	N/A	7.22x	0.67x	N/A	$8.18M	9.37%	$155.68M	4.78	$80.85M	-7.84

Real Estate Development Stocks FAQ

What are the best real estate development stocks to buy right now in Dec 2025?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best real estate development stocks to buy right now are:

1. Forestar Group (NYSE:FOR)

Forestar Group (NYSE:FOR) is the #1 top real estate development stock out of 13 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year. Learn more.

The Component Grade breakdown for Forestar Group (NYSE:FOR) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: B.

Forestar Group (NYSE:FOR) has a Due Diligence Score of 19, which is -5 points lower than the real estate development industry average of 24. Although this number is below the industry average, our proven quant model rates FOR as a "B".

FOR passed 6 out of 33 due diligence checks and has weak fundamentals. Forestar Group has seen its stock lose -2.42% over the past year, overperforming other real estate development stocks by 18 percentage points.

Forestar Group has an average 1 year price target of $32.00, an upside of 20.03% from Forestar Group's current stock price of $26.66.

Forestar Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Forestar Group, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Five Point Holdings (NYSE:FPH)

Five Point Holdings (NYSE:FPH) is the #2 top real estate development stock out of 13 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Five Point Holdings (NYSE:FPH) is: Value: B, Growth: D, Momentum: C, Sentiment: C, Safety: C, Financials: C, and AI: C.

Five Point Holdings (NYSE:FPH) has a Due Diligence Score of 39, which is 15 points higher than the real estate development industry average of 24.

FPH passed 12 out of 33 due diligence checks and has average fundamentals. Five Point Holdings has seen its stock return 48.27% over the past year, overperforming other real estate development stocks by 69 percentage points.

3. Vesta Real Estate Corporation Sab De CV (NYSE:VTMX)

Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) is the #3 top real estate development stock out of 13 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year. Learn more.

The Component Grade breakdown for Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) is: Value: C, Growth: B, Momentum: C, Sentiment: D, Safety: C, Financials: C, and AI: C.

Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) has a Due Diligence Score of 16, which is -8 points lower than the real estate development industry average of 24.

VTMX passed 5 out of 33 due diligence checks and has weak fundamentals. Vesta Real Estate Corporation Sab De CV has seen its stock return 22.2% over the past year, overperforming other real estate development stocks by 43 percentage points.

Vesta Real Estate Corporation Sab De CV has an average 1 year price target of $40.00, an upside of 27.96% from Vesta Real Estate Corporation Sab De CV's current stock price of $31.26.

Vesta Real Estate Corporation Sab De CV stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Vesta Real Estate Corporation Sab De CV, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Are real estate development stocks a good buy now?

33.33% of real estate development stocks rated by analysts are a strong buy right now. On average, analysts expect real estate development stocks to rise by 11.85% over the next year.

0% of real estate development stocks have a Zen Rating of A (Strong Buy), 16.67% of real estate development stocks are rated B (Buy), 50% are rated C (Hold), 16.67% are rated D (Sell), and 16.67% are rated F (Strong Sell).

What is the average p/e ratio of the real estate - development industry?

The average P/E ratio of the real estate - development industry is 48.65x.

What are the most undervalued real estate development stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued real estate development stocks right now are:

1. Forestar Group (NYSE:FOR)

Forestar Group (NYSE:FOR) is the most undervalued real estate development stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Forestar Group has a valuation score of 43, which is 12 points higher than the real estate development industry average of 31. It passed 3 out of 7 valuation due diligence checks.

Forestar Group's stock has dropped -2.42% in the past year. It has overperformed other stocks in the real estate development industry by 18 percentage points.

2. Five Point Holdings (NYSE:FPH)

Five Point Holdings (NYSE:FPH) is the second most undervalued real estate development stock based on its Valuation Rating of B. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Five Point Holdings has a valuation score of 57, which is 26 points higher than the real estate development industry average of 31. It passed 4 out of 7 valuation due diligence checks.

Five Point Holdings's stock has gained 48.27% in the past year. It has overperformed other stocks in the real estate development industry by 69 percentage points.

3. Vesta Real Estate Corporation Sab De CV (NYSE:VTMX)

Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) is the third most undervalued real estate development stock based on its Valuation Rating of C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Vesta Real Estate Corporation Sab De CV has a valuation score of 0, which is -31 points higher than the real estate development industry average of 31. It passed 0 out of 7 valuation due diligence checks.

Vesta Real Estate Corporation Sab De CV's stock has gained 22.2% in the past year. It has overperformed other stocks in the real estate development industry by 43 percentage points.

Why are real estate development stocks down?

Real estate development stocks were down -0.84% in the last day, and up 0.12% over the last week.

We couldn't find a catalyst for why real estate development stocks are down.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.

Real Estate Development Stocks FAQ

1. Forestar Group (NYSE:FOR)

2. Five Point Holdings (NYSE:FPH)

3. Vesta Real Estate Corporation Sab De CV (NYSE:VTMX)

1. Forestar Group (NYSE:FOR)

2. Five Point Holdings (NYSE:FPH)

3. Vesta Real Estate Corporation Sab De CV (NYSE:VTMX)

Company

Stock Tools

Stock Ideas