Lowest P/E Real Estate stocks
Real Estate companies worth over $1 billion with the lowest price-to-earnings ratio (positive earnings only). A low P/E can mean cheap, or earnings the market expects to fall.
Top of the list: Uniti (UNIT) 1.46x; IRSA Inversiones Y Representaciones (IRS) 4.04x; IHS Holding (IHS) 4.61x.
The median p/e across these 50 companies is 16.8x.
| # | Company | P/E | P/FCF | Market cap | Revenue growth | Net margin |
|---|---|---|---|---|---|---|
| 1 | Uniti Group IncUNIT | 1.46x | — | $1.6B | +202.5% | 28.1% |
| 2 | IRSA Inversiones Y RepresentacionesIRS | 4.04x | 4.90x | $1.1B | +2.3% | 41.7% |
| 3 | IHS Holding LtdIHS | 4.61x | 6.81x | $2.8B | +0.1% | 9.1% |
| 4 | Dynex Capital IncDX | 4.96x | 18.7x | $2.3B | — | — |
| 5 | ARMOUR Residential REIT IncARR | 5.33x | 13.3x | $1.6B | — | — |
| 6 | Annaly Capital Management, Inc.NLY | 5.67x | — | $12.9B | — | — |
| 7 | AGNC Investment Corp.AGNC | 6.59x | 14.8x | $9.7B | +4453.3% | — |
| 8 | Brookfield Property Partners LPBPYPP | 6.92x | — | $10.2B | -21.6% | -4.3% |
| 9 | Ellington Financial Inc.EFC | 7.28x | 2.90x | $1.5B | +33.1% | 42.6% |
| 10 | Forestar Group IncFOR | 7.52x | — | $1.3B | +4.2% | 9.9% |
| 11 | Rithm Capital Corp.RITM | 7.73x | — | $4.8B | +5.1% | 9.2% |
| 12 | VICI Properties IncVICI | 7.80x | 9.78x | $24.5B | +5.7% | 67.5% |
| 13 | Millrose Properties, Inc.MRP | 8.09x | 1.02x | $3.7B | +32.1% | 62.6% |
| 14 | CBL & Associates Properties IncCBL | 8.92x | 21.3x | $1.5B | +4.0% | 37.0% |
| 15 | Vornado Realty TrustVNO | 9.14x | 5.43x | $6.8B | +4.7% | 3.7% |
| 16 | Century Communities IncCCS | 11.7x | 12.0x | $1.5B | -7.3% | 3.4% |
| 17 | Gaming & Leisure PropertiesGLPI | 12.2x | 13.3x | $11.0B | +9.0% | 58.5% |
| 18 | Starwood Property Trust IncSTWD | 13.2x | 6.71x | $4.8B | +15.6% | 11.3% |
| 19 | Innovative Industrial Properties IncIIPR | 13.4x | 8.66x | $1.5B | +0.7% | 52.3% |
| 20 | Newmark Group IncNMRK | 13.8x | 19.5x | $2.8B | +17.0% | 4.1% |
| 21 | Simon Property Group IncSPG | 14.1x | 21.3x | $75.9B | +19.5% | 66.5% |
| 22 | Jones Lang LaSalle IncorporatedJLL | 14.9x | 13.1x | $12.8B | +10.8% | 3.6% |
| 23 | Host Hotels & Resorts IncHST | 15.6x | 18.5x | $15.9B | +3.4% | 16.5% |
| 24 | Terreno Realty CorporationTRNO | 15.8x | 32.8x | $6.8B | +11.1% | 77.3% |
| 25 | LTC Properties IncLTC | 16.8x | 16.1x | $2.2B | +64.1% | 38.9% |
| 26 | EPR PropertiesEPR | 16.8x | 9.91x | $4.2B | +10.1% | 35.5% |
| 27 | Kite Realty Group TrustKRG | 17.9x | 17.7x | $4.9B | -8.0% | 41.8% |
| 28 | Blackstone Mortgage Trust IncBXMT | 17.9x | 6.58x | $1.8B | — | — |
| 29 | Kilroy Realty CorpKRC | 18.2x | — | $3.9B | +2.7% | 1134.4% |
| 30 | Federal Realty Investment TrustFRT | 18.7x | 28.3x | $9.4B | +10.3% | 38.6% |
| 31 | Getty Realty CorporationGTY | 18.8x | 13.7x | $1.7B | +10.9% | 42.7% |
| 32 | Brixmor PropertyBRX | 19.2x | 13.0x | $8.4B | +4.3% | 30.8% |
| 33 | NNN REIT, Inc.NNN | 19.4x | 11.7x | $7.8B | +6.5% | 42.1% |
| 34 | Four Corners Property Trust IncFCPT | 19.5x | 12.3x | $2.4B | +4.4% | 368.3% |
| 35 | SBA Communications CorpSBAC | 19.7x | 18.1x | $19.3B | -23.5% | 434.6% |
| 36 | Ladder Capital Corp Class ALADR | 19.9x | 12.8x | $1.1B | -54.2% | — |
| 37 | Essential Properties Realty Trust IncEPRT | 20.3x | 14.7x | $5.6B | +18.1% | 43.5% |
| 38 | National Health Investors IncNHI | 21.4x | 14.7x | $3.2B | +215.0% | 124.7% |
| 39 | Omega Healthcare Investors IncOHI | 21.8x | 16.0x | $14.1B | -95.0% | 131.8% |
| 40 | CareTrust REIT Inc.CTRE | 22.1x | 21.8x | $8.3B | — | 128.9% |
| 41 | Inventrust Properties CorpIVT | 22.4x | 22.0x | $2.4B | +15.7% | 19.3% |
| 42 | First Industrial Realty Trust IncFR | 22.6x | 69.7x | $8.0B | +8.2% | 48.0% |
| 43 | Empire State Realty Trust IncESRT | 22.7x | 28.9x | $1.5B | +3.0% | 0.39% |
| 44 | Apple Hospitality REIT IncAPLE | 22.7x | 13.8x | $3.9B | +4.7% | 12.2% |
| 45 | Empire State Realty OP LP ESESBA | 23.0x | 26.7x | $1.4B | +3.0% | 0.64% |
| 46 | UDR IncUDR | 23.1x | 20.5x | $12.6B | +19.7% | 4167.6% |
| 47 | Urban Edge PropertiesUE | 23.1x | 14.3x | $2.6B | +12.2% | 22.2% |
| 48 | COPT Defense PropertiesCDP | 24.4x | 15.3x | $3.9B | -45.7% | 534.3% |
| 49 | Regency Centers CorporationREG | 25.0x | 34.5x | $13.6B | +8.3% | 34.5% |
| 50 | American Homes 4 RentAMH | 25.3x | 17.1x | $12.8B | +5.4% | — |
Ranked from each company's latest price and reported results. Companies need a page on Investingly (SEC statements on file). Open any company for its reverse DCF, insider buying and 13F holders.
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Questions
Which company ranks first on the lowest p/e real estate stocks list?
Uniti (UNIT), with a p/e of 1.46x, as of October 12, 2026.
How is this list built?
US companies worth over $1 billion with the lowest price-to-earnings ratio (positive earnings only). A low P/E can mean cheap, or earnings the market expects to fall. It shows the top 50 and is rebuilt every day.
Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.