Educational use only — not investment advice. "Undervalued / fairly valued / overvalued" and every risk score reflect our models vs. price, which can be wrong or based on stale or incomplete data. Always review the company's own financials and SEC filings, and consult a licensed advisor, before acting.
This week in Real Estate
Real Estate — Sep 7 – Sep 11, 2026 (Wk 37): Real Estate Sector Sees Elevated Risk, Mixed Stock Performance Amid Recovery Hopes →The real estate sector experienced an increase in its risk score this week, reaching an elevated level. While some companies saw positive momentum supported by earnings and recovery expectations, others faced pressure from market headwinds and…
AEI
Valuation N/A
Alset Inc.
Price$1.01
Model IV—
P/IV—
Market implies +30.8%/yr
vs model +2.0% · above model
AGNT
Deeply undervalued
eXp World Holdings, Inc.
Price$4.02
Model IV$8.46
P/IV0.58
Discount 52%
Return to IV: +110.5%
Market implies -7.6%/yr
vs model +5.4% · below model
AHRT
Deeply undervalued
AH Realty Trust, Inc.
Price$6.32
Model IV$47.04
P/IV0.14
Discount 87%
Return to IV: +644.3%
Market implies -9.8%/yr
vs model +24.1% · below model
AIRE
Valuation N/A
reAlpha Tech Corp.
Price$1.51
Model IV—
P/IV—
Market implies +48.0%/yr
vs model +50.0% · in line
AOMD
Valuation N/A
Angel Oak Mortgage REIT, Inc.
Price$25.07
Model IV—
P/IV—
Limited data — see page
AOMN
Valuation N/A
Angel Oak Mortgage REIT, Inc.
Price$25.28
Model IV—
P/IV—
Limited data — see page
AOMR
Valuation N/A
Angel Oak Mortgage REIT, Inc.
Price$8.10
Model IV—
P/IV—
Limited data — see page
ARL
Valuation N/A
AMERICAN REALTY INVESTORS INC
Price$16.08
Model IV—
P/IV—
Market implies +22.1%/yr
vs model +4.4% · above model
AXR
Fairly valued
AMREP CORP.
Price$22.94
Model IV$21.81
P/IV1.15
Premium +5%
Return to IV: -4.9%
Market implies +2.8%/yr
vs model +5.1% · in line
BEEP
Deeply overvalued
Mobile Infrastructure Corp
Price$2.80
Model IV$1.64
P/IV1.35
Premium +71%
Return to IV: -41.4%
Market implies +0.7%/yr
vs model +15.0% · below model
BEKE
Deeply overvalued
KE Holdings Inc.
Price$16.70
Model IV$4.21
P/IV3.95
Premium +297%
Return to IV: -74.8%
Market implies +21.2%/yr
vs model +3.0% · above model
BN
Valuation N/A
BROOKFIELD Corp /ON/
Price$37.61
Model IV—
P/IV—
Limited data — see page
BNH
Valuation N/A
BROOKFIELD Corp /ON/
Price$14.86
Model IV—
P/IV—
Limited data — see page
BNJ
Valuation N/A
BROOKFIELD Corp /ON/
Price$14.60
Model IV—
P/IV—
Limited data — see page
BOC
Fairly valued
BOSTON OMAHA Corp
Price$13.64
Model IV$13.45
P/IV0.96
Premium +1%
Return to IV: -1.4%
Market implies -8.6%/yr
vs model +19.0% · below model
BPYPM
Valuation N/A
Brookfield Property Partners L.P.
Price$16.73
Model IV—
P/IV—
Limited data — see page
BPYPN
Valuation N/A
Brookfield Property Partners L.P.
Price$13.55
Model IV—
P/IV—
Limited data — see page
BPYPO
Valuation N/A
Brookfield Property Partners L.P.
Price$15.05
Model IV—
P/IV—
Limited data — see page
BPYPP
Valuation N/A
Brookfield Property Partners L.P.
Price$15.80
Model IV—
P/IV—
Limited data — see page
BXDC
Valuation N/A
Blackstone Digital Infrastructure Trust Inc.
Price$19.52
Model IV—
P/IV—
Limited data — see page
CBRE
Deeply overvalued
CBRE GROUP, INC.
Price$140.51
Model IV$84.26
P/IV1.48
Premium +67%
Return to IV: -40.0%
Market implies +15.9%/yr
vs model +11.4% · above model
CHCI
Fairly valued
Comstock Holding Companies, Inc.
Price$20.07
Model IV$17.60
P/IV0.87
Premium +14%
Return to IV: -12.3%
Market implies +10.9%/yr
vs model +14.7% · below model
CIGI
Deeply overvalued
Colliers International Group Inc.
Price$93.35
Model IV$65.73
P/IV1.44
Premium +42%
Return to IV: -29.6%
Market implies +10.4%/yr
vs model +6.8% · above model
CMTG
Valuation N/A
Claros Mortgage Trust, Inc.
Price$1.49
Model IV—
P/IV—
Market implies +27.1%/yr
vs model +2.0% · above model
COMP
Deeply overvalued
Compass, Inc.
Price$10.36
Model IV$7.62
P/IV1.08
Premium +36%
Return to IV: -26.4%
Market implies +9.4%/yr
vs model +2.0% · above model
CRESY
Undervalued
CRESUD INC
Price$12.14
Model IV$16.88
P/IV0.72
Discount 28%
Return to IV: +39.0%
Market implies +10.1%/yr
vs model +19.1% · below model
CURB
Deeply undervalued
Curbline Properties Corp.
Price$29.32
Model IV$53.19
P/IV0.55
Discount 45%
Return to IV: +81.4%
Market implies +10.9%/yr
vs model +25.0% · below model
CWD
Valuation N/A
CaliberCos Inc.
Price$0.51
Model IV—
P/IV—
Market implies -20.9%/yr
vs model +2.0% · below model
CWK
Deeply overvalued
Cushman & Wakefield Ltd.
Price$12.52
Model IV$5.86
P/IV2.12
Premium +114%
Return to IV: -53.2%
Market implies +13.9%/yr
vs model +3.0% · above model
DOUG
Deeply undervalued
Douglas Elliman Inc.
Price$1.68
Model IV$5.80
P/IV0.31
Discount 71%
Return to IV: +245.1%
Market implies -21.1%/yr
vs model +2.0% · below model
DUO
Valuation N/A
Fangdd Network Group Ltd.
Price$0.47
Model IV—
P/IV—
Market implies -12.5%/yr
vs model +2.0% · below model
EFC
Valuation N/A
Ellington Financial Inc.
Price$12.89
Model IV—
P/IV—
Limited data — see page
FOR
Fairly valued
Forestar Group Inc.
Price$26.85
Model IV$25.38
P/IV1.06
Premium +6%
Return to IV: -5.5%
Market implies -2.9%/yr
vs model +4.5% · below model
FPH
Valuation N/A
Five Point Holdings, LLC
Price$5.02
Model IV—
P/IV—
Limited data — see page
FRPH
Valuation N/A
FRP HOLDINGS, INC.
Price$22.15
Model IV—
P/IV—
Market implies +18.4%/yr
vs model +8.2% · above model
FSV
Undervalued
FirstService Corp
Price$135.31
Model IV$177.09
P/IV0.76
Discount 24%
Return to IV: +30.9%
Market implies +5.2%/yr
vs model +11.0% · below model
FTHM
Valuation N/A
Fathom Holdings Inc.
Price$0.57
Model IV—
P/IV—
Market implies -50.0%/yr
vs model +6.2% · below model
GOOD
Deeply undervalued
GLADSTONE COMMERCIAL CORP
Price$12.71
Model IV$19.03
P/IV0.66
Discount 33%
Return to IV: +49.7%
GOODN
Fairly valued
GLADSTONE COMMERCIAL CORP
Price$22.28
Model IV$20.95
P/IV1.08
Premium +6%
Return to IV: -5.9%
GOODO
Fairly valued
GLADSTONE COMMERCIAL CORP
Price$19.82
Model IV$20.95
P/IV0.96
Discount 5%
Return to IV: +5.7%
GTY
Deeply undervalued
GETTY REALTY CORP /MD/
Price$31.43
Model IV$62.53
P/IV0.52
Discount 50%
Return to IV: +99.0%
Market implies -3.1%/yr
vs model +7.7% · below model
GYRO
Deeply overvalued
Gyrodyne, LLC
Price$5.05
Model IV$3.26
P/IV2.17
Premium +55%
Return to IV: -35.5%
HPP
Deeply undervalued
Hudson Pacific Properties, Inc.
Price$12.23
Model IV$24.90
P/IV0.48
Discount 51%
Return to IV: +103.6%
Market implies -8.0%/yr
vs model +3.9% · below model
IIPR
Deeply undervalued
INNOVATIVE INDUSTRIAL PROPERTIES INC
Price$56.25
Model IV$126.33
P/IV0.46
Discount 55%
Return to IV: +124.6%
Market implies -6.7%/yr
vs model +6.0% · below model
INTG
Deeply overvalued
INTERGROUP CORP
Price$37.74
Model IV$20.31
P/IV1.91
Premium +86%
Return to IV: -46.2%
INVH
Deeply undervalued
Invitation Homes Inc.
Price$27.54
Model IV$57.71
P/IV0.51
Discount 52%
Return to IV: +109.5%
Market implies -3.4%/yr
vs model +6.9% · below model
IRS
Valuation N/A
IRSA INVESTMENTS & REPRESENTATIONS INC
Price$15.36
Model IV—
P/IV—
Limited data — see page
JLL
Undervalued
JONES LANG LASALLE INC
Price$343.55
Model IV$461.07
P/IV0.61
Discount 25%
Return to IV: +34.2%
Market implies +2.9%/yr
vs model +8.5% · below model
JOE
Deeply undervalued
ST JOE Co
Price$64.34
Model IV$107.19
P/IV0.59
Discount 40%
Return to IV: +66.6%
Market implies +4.0%/yr
vs model +13.6% · below model
KW
Deeply overvalued
Kennedy-Wilson Holdings, Inc.
Price$10.92
Model IV$5.43
P/IV2.03
Premium +101%
Return to IV: -50.3%
Market implies +2.3%/yr
vs model +2.5% · in line
LHAI
Overvalued
Linkhome Holdings Inc.
Price$1.04
Model IV$0.76
P/IV1.21
Premium +37%
Return to IV: -27.2%
Market implies +19.5%/yr
vs model +25.0% · below model
LPA
Valuation N/A
Logistic Properties of the Americas
Price$3.38
Model IV—
P/IV—
Limited data — see page
LRHC
Deeply undervalued
La Rosa Holdings Corp.
Price$2.58
Model IV$6.77
P/IV0.19
Discount 62%
Return to IV: +163.0%
Market implies -15.2%/yr
vs model +50.0% · below model
MAYS
Deeply overvalued
MAYS J W INC
Price$40.12
Model IV$22.40
P/IV1.91
Premium +79%
Return to IV: -44.2%
MLP
Valuation N/A
MAUI LAND & PINEAPPLE CO INC
Price$16.29
Model IV—
P/IV—
Market implies +39.1%/yr
vs model +11.8% · above model
MMI
Deeply overvalued
Marcus & Millichap, Inc.
Price$31.27
Model IV$10.57
P/IV1.68
Premium +196%
Return to IV: -66.2%
Market implies +13.6%/yr
vs model +2.0% · above model
MRP
Deeply undervalued
Millrose Properties, Inc.
Price$29.46
Model IV$64.43
P/IV0.44
Discount 54%
Return to IV: +118.7%
Market implies -7.1%/yr
vs model +4.0% · below model
NEN
Valuation N/A
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Price$54.64
Model IV—
P/IV—
Limited data — see page
NMRK
Deeply overvalued
NEWMARK GROUP, INC.
Price$14.42
Model IV$6.50
P/IV2.15
Premium +122%
Return to IV: -54.9%
Market implies +14.0%/yr
vs model +3.0% · above model
OMH
Deeply overvalued
Ohmyhome Ltd
Price$2.22
Model IV$1.32
P/IV0.62
Premium +68%
Return to IV: -40.5%
Market implies -4.6%/yr
vs model +15.0% · below model