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 124th 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
AXR	AMREP CORP	$22.26	$30.32	-26.60%	9.31x	N/A	2.38x	0.91x	0.49x	$9.69M	8.19%	$129.96M	24.44	$78.22M	6.37
FPH	FIVE POINT HOLDINGS LLC	$5.55	$32.74	-83.05%	4.96x	N/A	4.19x	1.06x	0.08x	$150.29M	18.18%	$779.39M	5.23	$897.31M	7.55
FOR	FORESTAR GROUP INC	$27.35	N/A	N/A	8.55x	9.91x	0.90x	0.83x	N/A	-$332.60M	-23.89%	$1.68B	32.99	$2.07B	9.51
VTMX	VESTA REAL ESTATE CORPORATION SAB DE CV	$28.50	$37.59	-24.19%	68.67x	17.81x	9.30x	0.96x	0.30x	-$88.75M	-3.63%	$2.54B	29.63	$3.28B	8.97
SDHC	SMITH DOUGLAS HOMES CORP	$20.19	N/A	N/A	12.39x	18.14x	0.18x	12.99x	N/A	-$39.95M	-21.99%	$79.98M	8.89	$1.10B	44.43
ARL	AMERICAN REALTY INVESTORS INC	$14.40	N/A	N/A	-19.73x	N/A	4.86x	0.38x	N/A	-$102.68M	-44.15%	$607.77M	37.63	$414.33M	135.98
AEI	ALSET INC	$1.18	N/A	N/A	-2.50x	N/A	0.78x	0.18x	N/A	$2.75M	21.87%	$76.36M	7.14	-$10.35M	3.65
JFB	JFB CONSTRUCTION HOLDINGS	$7.19	N/A	N/A	N/A	N/A	N/A	3.42x	N/A	N/A	N/A	$11.03M	1.28	$30.78M	N/A
SGD	SAFE & GREEN DEVELOPMENT CORP	$1.05	N/A	N/A	-0.17x	N/A	12.07x	11.46x	N/A	-$2.87M	-136.00%	$136.23k	0.07	$11.05M	-2.68
LRE	LEAD REAL ESTATE CO LTD	$1.48	N/A	N/A	-52.79x	N/A	0.17x	0.93x	N/A	N/A	N/A	$24.80M	1.82	$123.21M	N/A
MRNO	MURANO GLOBAL INVESTMENTS PLC	$6.00	N/A	N/A	N/A	N/A	9.45x	1.75x	N/A	-$62.81M	-13.20%	$271.95M	3.43	$1.05B	-8.59
OZ	BELPOINTE PREP LLC	$60.76	N/A	N/A	-7.09x	N/A	39.43x	0.82x	N/A	-$119.97M	-53.41%	$289.54M	78.33	$443.39M	-59.32
XIN	XINYUAN REAL ESTATE CO LTD	$1.89	N/A	N/A	-0.21x	N/A	0.02x	-0.10x	N/A	$17.61M	166.03%	-$104.17M	-18.56	$1.66B	13.77

Real Estate Development Stocks FAQ

What are the best real estate development stocks to buy right now in Aug 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. Amrep (NYSE:AXR)

Amrep (NYSE:AXR) 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 +7.53% per year. Learn more.

The Component Grade breakdown for Amrep (NYSE:AXR) is: Value: C, Growth: F, Momentum: C, Sentiment: B, Safety: D, Financials: B, and AI: C.

Amrep (NYSE:AXR) has a Due Diligence Score of 46, which is 27 points higher than the real estate development industry average of 19.

AXR passed 14 out of 33 due diligence checks and has strong fundamentals. Amrep has seen its stock lose -3.39% over the past year, overperforming other real estate development stocks by 8 percentage points.

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: C, Growth: F, Momentum: B, Sentiment: C, Safety: C, Financials: C, and AI: C.

Five Point Holdings (NYSE:FPH) has a Due Diligence Score of 42, which is 23 points higher than the real estate development industry average of 19.

FPH passed 13 out of 33 due diligence checks and has strong fundamentals. Five Point Holdings has seen its stock return 85% over the past year, overperforming other real estate development stocks by 96 percentage points.

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 +7.53% per year. Learn more.

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

Forestar Group (NYSE:FOR) has a Due Diligence Score of 19, which is equal to the real estate development industry average of 19.

FOR passed 6 out of 33 due diligence checks and has weak fundamentals. Forestar Group has seen its stock lose -4.64% over the past year, overperforming other real estate development stocks by 7 percentage points.

Forestar Group has an average 1 year price target of $29.50, an upside of 7.86% from Forestar Group's current stock price of $27.35.

Forestar Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Forestar Group, 50% have issued a Strong Buy rating, 50% 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?

66.67% of real estate development stocks rated by analysts are a hold right now. On average, analysts expect real estate development stocks to rise by 1.48% 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), 80% are rated C (Hold), 20% 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 27.79x.

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 C. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Forestar Group has a valuation score of 43, which is 19 points higher than the real estate development industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Forestar Group's stock has dropped -4.64% in the past year. It has overperformed other stocks in the real estate development industry by 7 percentage points.

2. Amrep (NYSE:AXR)

Amrep (NYSE:AXR) 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.

Amrep has a valuation score of 71, which is 47 points higher than the real estate development industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Amrep's stock has dropped -3.39% in the past year. It has overperformed other stocks in the real estate development industry by 8 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 47 points higher than the real estate development industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Five Point Holdings's stock has gained 85% in the past year. It has overperformed other stocks in the real estate development industry by 96 percentage points.

Why are real estate development stocks down?

Real estate development stocks were down -0.78% in the last day, and down -0.84% 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.