Sectors & IndustriesReal 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 +32.52% per year, and are the best real estate development stocks to buy now. Learn More.

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:

Amrep (NYSE:AXR) 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 Amrep (NYSE:AXR) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: D, Financials: B, and AI: C.

Amrep (NYSE:AXR) has a Due Diligence Score of 29, which is 4 points higher than the real estate development industry average of 25.

AXR passed 9 out of 33 due diligence checks and has average fundamentals. Amrep has seen its stock return 22.5% over the past year, overperforming other real estate development stocks by 30 percentage points.

Amrep has an average 1 year price target of $30.00, an upside of 7.6% from Amrep's current stock price of $27.88.

Amrep stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Amrep, 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.

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 B. Stocks with a rating of B have had an average return of +19.88% 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: A, Safety: C, Financials: C, and AI: B.

Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) has a Due Diligence Score of 30, which is 5 points higher than the real estate development industry average of 25.

VTMX passed 10 out of 33 due diligence checks and has average fundamentals. Vesta Real Estate Corporation Sab De CV has seen its stock return 29.32% over the past year, overperforming other real estate development stocks by 37 percentage points.

Vesta Real Estate Corporation Sab De CV has an average 1 year price target of $40.00, an upside of 12.93% from Vesta Real Estate Corporation Sab De CV's current stock price of $35.42.

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.

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

Forestar Group (NYSE:FOR) has a Due Diligence Score of 31, which is 6 points higher than the real estate development industry average of 25.

FOR passed 10 out of 33 due diligence checks and has average fundamentals. Forestar Group has seen its stock return 41.9% over the past year, overperforming other real estate development stocks by 49 percentage points.

Forestar Group has an average 1 year price target of $31.50, an upside of 14.55% from Forestar Group's current stock price of $27.50.

Forestar Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Forestar Group, 50% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

50% 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 10.74% over the next year.

0% of real estate development stocks have a Zen Rating of A (Strong Buy), 28.57% of real estate development stocks are rated B (Buy), 28.57% are rated C (Hold), 28.57% are rated D (Sell), and 14.29% are rated F (Strong Sell).

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:

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 29, which is 4 points higher than the real estate development industry average of 25. It passed 2 out of 7 valuation due diligence checks.

Forestar Group's stock has gained 41.9% in the past year. It has overperformed other stocks in the real estate development industry by 49 percentage points.

Amrep (NYSE:AXR) 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.

Amrep has a valuation score of 14, which is -11 points higher than the real estate development industry average of 25. It passed 1 out of 7 valuation due diligence checks. Although this number is below the industry average, our proven quant model rates AXR a Valuation Rating of "B".

Amrep's stock has gained 22.5% in the past year. It has overperformed other stocks in the real estate development industry by 30 percentage points.

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 14, which is -11 points higher than the real estate development industry average of 25. It passed 1 out of 7 valuation due diligence checks.

Vesta Real Estate Corporation Sab De CV's stock has gained 29.32% in the past year. It has overperformed other stocks in the real estate development industry by 37 percentage points.

Real estate development stocks were down -0.71% in the last day, and down -0.76% over the last week.

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