Sectors & IndustriesReal EstateReal Estate - Development
Best Real Estate Development Stocks to Buy Now (2024)
Top real estate development stocks in 2024 ranked by overall Due Diligence Score. See the best real estate development stocks to buy now, according to analyst forecasts for the real estate - development industry.

Industry: Real Estate - Development
Ticker
Company
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
AXR
AMREP CORP
$189.77M$60.17M$10.74M$9.41M$1.7824.69%35.27%-55.72%61.90%
LRE
LEAD REAL ESTATE CO LTD
$29.88M$124.68M$7.23M$4.12M$0.31-2.42%N/A-14.16%N/A
VTMX
VESTA REAL ESTATE CORPORATION SAB DE CV
$2.38B$243.24M$491.67M$400.03M$4.5218.93%N/A-1.27%N/A
FPH
FIVE POINT HOLDINGS LLC
$570.59M$196.90M$78.78M$51.56M$0.7479.04%34.09%37.04%N/A2025-01-16
LSEA
LANDSEA HOMES CORP
$375.89M$1.46B$43.70M$26.66M$0.7218.01%31.01%-30.10%30.53%
FOR
FORESTAR GROUP INC
$1.44B$1.51B$273.10M$203.40M$4.035.05%28.65%20.66%38.53%2025-01-21
AEI
ALSET INC
$10.34M$13.19M-$36.98M-$39.56M-$4.33-39.90%N/AN/AN/A
SDHC
SMITH DOUGLAS HOMES CORP
$1.71B$858.02MN/A$121.12MN/AN/AN/AN/AN/A
ARL
AMERICAN REALTY INVESTORS INC
$264.09M$49.33M$430.00k-$16.67M-$1.03-0.88%-11.50%N/AN/A
MRNO
MURANO GLOBAL INVESTMENTS PLC
$806.69M$23.28M-$42.22M-$72.30MN/A266.79%N/AN/AN/A
XIN
XINYUAN REAL ESTATE CO LTD
$16.22M$572.29MN/A-$108.01MN/A-24.11%-27.03%N/AN/A
SGD
SAFE & GREEN DEVELOPMENT CORP
$3.62M$173.19k-$6.01M-$8.96M$33.82kN/AN/AN/AN/A
OZ
BELPOINTE PREP LLC
$286.65M$2.09M-$10.51M-$19.81M-$5.47-2.92%N/AN/AN/A

Real Estate Development Stocks FAQ

What are the best real estate development stocks to buy right now in Dec 2024?

According to Due Diligence Score, the 3 best real estate development stocks to buy right now are:

1. Amrep (NYSE:AXR)


Amrep (NYSE:AXR) is the top real estate development stock with a Due Diligence Score of 35, which is 13 points higher than the real estate development industry average of 22. It passed 11 out of 33 due diligence checks and has average fundamentals. Amrep has seen its stock return 76.8% over the past year, overperforming other real estate development stocks by 86 percentage points.

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


Vesta Real Estate Corporation Sab De CV (NYSE:VTMX) is the second best real estate development stock with a Due Diligence Score of 34, which is 12 points higher than the real estate development industry average of 22. It passed 11 out of 33 due diligence checks and has average fundamentals. Vesta Real Estate Corporation Sab De CV has seen its stock lose -31.57% over the past year, underperforming other real estate development stocks by -23 percentage points.

Vesta Real Estate Corporation Sab De CV has an average 1 year price target of $33.50, an upside of 33.36% from Vesta Real Estate Corporation Sab De CV's current stock price of $25.12.

Vesta Real Estate Corporation Sab De CV stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Vesta Real Estate Corporation Sab De CV, 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.

3. Lead Real Estate Co (NASDAQ:LRE)


Lead Real Estate Co (NASDAQ:LRE) is the third best real estate development stock with a Due Diligence Score of 34, which is 12 points higher than the real estate development industry average of 22. It passed 10 out of 33 due diligence checks and has average fundamentals. Lead Real Estate Co has seen its stock lose -65.92% over the past year, underperforming other real estate development stocks by -57 percentage points.

Are real estate development stocks a good buy now?

50% of real estate development stocks rated by analysts are a buy right now. On average, analysts expect real estate development stocks to rise by 26.73% over the next year.

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 3.42x.

What are the most undervalued real estate development stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued real estate development stocks right now are:

1. Lead Real Estate Co (NASDAQ:LRE)


Lead Real Estate Co (NASDAQ:LRE) is the most undervalued real estate development stock based on WallStreetZen's Valuation Score. Lead Real Estate Co has a valuation score of 57, which is 31 points higher than the real estate development industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Lead Real Estate Co's stock has dropped -65.92% in the past year. It has underperformed other stocks in the real estate development industry by -57 percentage points.

2. Five Point Holdings (NYSE:FPH)


Five Point Holdings (NYSE:FPH) is the second most undervalued real estate development stock based on WallStreetZen's Valuation Score. Five Point Holdings has a valuation score of 57, which is 31 points higher than the real estate development industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Five Point Holdings's stock has gained 52.38% in the past year. It has overperformed other stocks in the real estate development industry by 61 percentage points.

3. Landsea Homes (NASDAQ:LSEA)


Landsea Homes (NASDAQ:LSEA) is the third most undervalued real estate development stock based on WallStreetZen's Valuation Score. Landsea Homes has a valuation score of 57, which is 31 points higher than the real estate development industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Landsea Homes's stock has dropped -12.5% in the past year. It has underperformed other stocks in the real estate development industry by -3 percentage points.

Why are real estate development stocks down?

Real estate development stocks were down -0.99% in the last day, and down -0.78% 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.