Sectors & Industries Real EstateReal Estate - Development
Best Real Estate Development Stocks to Buy Now (2026)
Top real estate development stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% 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 128th 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
FPH	FIVE POINT HOLDINGS LLC	$4.92	$12.42	-60.38%	6.56x	N/A	6.24x	0.86x	0.17x	$65.19M	8.94%	$849.00M	5.73	$822.24M	9.62
VTMX	VESTA REAL ESTATE CORPORATION SAB DE CV	$33.72	N/A	N/A	7.26x	N/A	10.36x	1.00x	N/A	-$65.09M	-2.07%	$3.15B	33.70	$3.92B	10.19
FOR	FORESTAR GROUP INC	$26.02	N/A	N/A	7.79x	8.92x	0.77x	0.72x	N/A	$287.40M	21.61%	$1.86B	36.33	$1.73B	7.52
SDHC	SMITH DOUGLAS HOMES CORP	$10.04	N/A	N/A	13.94x	30.44x	0.08x	6.42x	N/A	$33.85M	40.23%	$79.46M	9.48	$562.14M	38.12
SKYH	SKY HARBOUR GROUP CORP	$10.07	N/A	N/A	335.67x	-23.91x	10.22x	6.11x	N/A	-$102.95M	-29.67%	$126.30M	3.67	$1.22B	57.78
OZ	BELPOINTE PREP LLC	$45.50	N/A	N/A	-3.99x	N/A	11.80x	0.71x	N/A	-$54.98M	-30.97%	$256.81M	65.81	$444.75M	-48.90
ARL	AMERICAN REALTY INVESTORS INC	$15.55	N/A	N/A	29.90x	N/A	4.92x	0.41x	N/A	-$2.42M	-0.96%	$618.65M	38.30	$447.11M	13.26
RENX	RENX ENTERPRISES CORP	$1.71	N/A	N/A	-0.06x	-0.29x	0.30x	0.64x	N/A	-$17.79M	-399.88%	$7.04M	2.71	$26.87M	-1.84
MRNO	MURANO GLOBAL INVESTMENTS PLC	$0.35	N/A	N/A	N/A	N/A	0.42x	0.21x	N/A	-$10.94M	-39.71%	$132.98M	1.67	$640.04M	7.56
LPA	LOGISTIC PROPERTIES OF THE AMERICAS	$3.14	N/A	N/A	5.81x	14.13x	1.79x	0.36x	N/A	-$6.79M	-6.82%	$273.44M	8.63	$400.00M	7.36
LRE	LEAD REAL ESTATE CO LTD	$1.08	$3.49	-69.00%	2.35x	N/A	0.13x	0.61x	0.26x	N/A	N/A	$27.86M	2.04	$122.93M	N/A
AEI	ALSET INC	$0.81	N/A	N/A	-0.50x	N/A	7.37x	0.28x	N/A	-$8.84M	-27.99%	$114.48M	2.94	$19.80M	-0.51
AXR	AMREP CORP	$22.62	$10.99	105.84%	20.56x	14.45x	2.94x	0.85x	1.21x	-$367.00k	-0.31%	$141.11M	26.44	$71.42M	11.17

Real Estate Development Stocks FAQ

What are the best real estate development stocks to buy right now in Sep 2026?

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. Five Point Holdings (NYSE:FPH)

Five Point Holdings (NYSE:FPH) is the #1 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 +5.11% per year. Learn more.

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

Five Point Holdings (NYSE:FPH) has a Due Diligence Score of 34, which is 7 points higher than the real estate development industry average of 27.

FPH passed 10 out of 33 due diligence checks and has average fundamentals. Five Point Holdings has seen its stock lose -24.19% over the past year, overperforming other real estate development stocks by 3 percentage points.

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

Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) 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 +5.11% per year. Learn more.

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

Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) has a Due Diligence Score of 31, which is 4 points higher than the real estate development industry average of 27.

VTMX passed 12 out of 38 due diligence checks and has average fundamentals. Vesta Real Estate Corporation Sab De CV has seen its stock return 27.39% over the past year, overperforming other real estate development stocks by 54 percentage points.

Vesta Real Estate Corporation Sab De CV has an average 1 year price target of $41.00, an upside of 21.59% from Vesta Real Estate Corporation Sab De CV's current stock price of $33.72.

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.

3. Forestar Group (NYSE:FOR)

Forestar Group (NYSE:FOR) 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 +5.11% per year. Learn more.

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

Forestar Group (NYSE:FOR) has a Due Diligence Score of 32, which is 5 points higher than the real estate development industry average of 27.

FOR passed 10 out of 33 due diligence checks and has average fundamentals. Forestar Group has seen its stock lose -3.91% over the past year, overperforming other real estate development stocks by 23 percentage points.

Forestar Group has an average 1 year price target of $35.00, an upside of 34.51% from Forestar Group's current stock price of $26.02.

Forestar Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Forestar Group, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the real estate development stocks with highest dividends?

Out of 1 real estate development stocks that have issued dividends in the past year, the 1 real estate development stocks with the highest dividend yields are:

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

Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) has an annual dividend yield of 1.15%, which is the same as the real estate development industry average of 1.15%.

Vesta Real Estate Corporation Sab De CV's dividend payout ratio of 17.1% indicates that its dividend yield is sustainable for the long-term.

Why are real estate development stocks down?

Real estate development stocks were down -1.75% in the last day, and down -2.68% over the last week.

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

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 10 points higher than the real estate development industry average of 33. It passed 3 out of 7 valuation due diligence checks.

Forestar Group's stock has dropped -3.91% in the past year. It has overperformed other stocks in the real estate development industry by 23 percentage points.

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

Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) is the second 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 29, which is -4 points higher than the real estate development industry average of 33. It passed 2 out of 7 valuation due diligence checks.

Vesta Real Estate Corporation Sab De CV's stock has gained 27.39% in the past year. It has overperformed other stocks in the real estate development industry by 54 percentage points.

3. Five Point Holdings (NYSE:FPH)

Five Point Holdings (NYSE:FPH) 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.

Five Point Holdings has a valuation score of 71, which is 38 points higher than the real estate development industry average of 33. It passed 5 out of 7 valuation due diligence checks.

Five Point Holdings's stock has dropped -24.19% in the past year. It has overperformed other stocks in the real estate development industry by 3 percentage points.

Are real estate development stocks a good buy now?

40% 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 24.96% over the next year.

0% of real estate development stocks have a Zen Rating of A (Strong Buy), 0% of real estate development stocks are rated B (Buy), 66.67% are rated C (Hold), 33.33% are rated D (Sell), and 0% 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 43.49x.

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. Five Point Holdings (NYSE:FPH)

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

3. Forestar Group (NYSE:FOR)

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

1. Forestar Group (NYSE:FOR)

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

3. Five Point Holdings (NYSE:FPH)

Company

Stock Tools

Stock Ideas