What are the best real estate stocks for value investors?

Terreno Realty Corporation (TRNO) currently leads the real estate sector on the Joel Greenblatt framework with a composite score of 88/100, followed by UE (85/100). The full ranked list of 25 real estate stocks indexed against the framework is on this page. Educational only, not investment advice.

Which real estate stock has the highest Buffett-Fit score?

According to invest-like.com, Terreno Realty Corporation (TRNO) currently has the highest Buffett-Fit composite score in the real estate sector at 88/100. invest-like.com's Buffett-Fit Score weighs five pillars - economic moat, earnings durability, management quality, financial health, and valuation - each on a 0-100 sub-scale, and refreshes the cached verdict on a 7-day TTL.

Is real estate a good sector for Joel Greenblatt-style investing?

The real estate sector's median quality score on invest-like.com is 44/100 with a median ROIC of 11%. Whether real estate is "good" for Joel Greenblatt-style investing depends on which sub-sectors and specific stocks you focus on - the framework's sector-relative scoring means stocks are graded against their own sector benchmarks, not a fixed cross-market hurdle.

Which real estate stocks have the best moats?

invest-like.com anchors moat strength in the Buffett-Fit framework on ROIC sustainability (above 15% sustained over multiple years) plus gross-margin durability (above 40% in industries where peers sit lower). The real estate sector's median ROIC on invest-like.com is 11% - the top-scoring stocks on this page are the ones with both quantitative moat anchors clearing the threshold AND qualitative moat sources (brand, switching costs, network effects, regulatory).

How many real estate stocks does invest-like.com cover?

invest-like.com currently indexes 25 real estate stocks above $500M market cap with cached verdicts on the Buffett-Fit framework. invest-like.com grades each stock A+ to D on a composite 0-100 score, with sub-scores for moat, durability, management, financial health, and valuation. The full ranked list is on this page.

Is the real estate ranking on this page investment advice?

No. invest-like.com publishes the ranking as an educational pattern-match against documented value-investing frameworks (Buffett, Graham, Fisher, Lynch, Greenblatt, Munger, Smith). invest-like.com's scores reflect how closely each stock fits the documented criteria - they are NOT recommendations to buy, hold, or sell. Always do your own research and consult a licensed financial adviser for personalised investment advice.

Real Estate · Joel Greenblatt fit

Best Real Estate Stocks for Joel Greenblatt Investors

Top 25 real estate stocks ranked by their Joel Greenblatt fit score - every score computed from current financials against published criteria. Updated daily.

How We Rank These

Each stock is scored on a 0–100 scale across the Joel Greenblatt criteria (moat, durability, valuation, financial health, capital allocation). The score is a deterministic function of the company's TTM financials - no opinion, no hand-tuning. Rows with insufficient data are excluded.

The Top 25

#1
88/100
TRNOTerreno Realty CorporationC
High-quality business at a cheap price - strong Magic Formula fit.
Mkt cap
$7.11B
ROIC
65.57%
#2
85/100
UEUrban Edge PropertiesC
High-quality business at a cheap price - strong Magic Formula fit.
Mkt cap
$2.83B
ROIC
52.7%
#3
73/100
GTYGetty Realty Corp.B
High-quality business at a cheap price - strong Magic Formula fit.
Mkt cap
$2B
ROIC
44.61%
#4
67/100
MRPMillrose Properties, Inc.B
High-quality business at a cheap price - strong Magic Formula fit.
Mkt cap
$4.93B
ROIC
1.56%
#5
67/100
IIPRInnovative Industrial Properties, Inc.B
High-quality business at a cheap price - strong Magic Formula fit.
Mkt cap
$1.55B
ROIC
129.07%
#6
60/100
EFCEllington Financial Inc.D
Partial match - either cheap or high-quality, but not both.
Mkt cap
$1.69B
ROIC
7.79%
#7
58/100
ECGEverus Construction Group, Inc.C
Partial match - either cheap or high-quality, but not both.
Mkt cap
$6.1B
ROIC
19.9%
#8
49/100
LGIHLGI Homes, Inc.D
Partial match - either cheap or high-quality, but not both.
Mkt cap
$1.15B
ROIC
1.53%
#9
48/100
MHOM/I Homes, Inc.D
Partial match - either cheap or high-quality, but not both.
Mkt cap
$3.54B
ROIC
36.77%
#10
45/100
KWKennedy-Wilson Holdings, Inc.D
Partial match - either cheap or high-quality, but not both.
Mkt cap
$1.52B
ROIC
0.43%
#11
45/100
CBRECBRE Group, Inc.D
Partial match - either cheap or high-quality, but not both.
Mkt cap
$40.69B
ROIC
5.87%
#12
44/100
MTHMeritage Homes CorporationD
Partial match - either cheap or high-quality, but not both.
Mkt cap
$4.19B
ROIC
30.21%
#13
44/100
INVHInvitation Homes Inc.D
Partial match - either cheap or high-quality, but not both.
Mkt cap
$16.27B
ROIC
4.76%
#14
43/100
NVRNVR, Inc.D
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
$16.42B
ROIC
25.79%
#15
43/100
JOEThe St. Joe CompanyD
Partial match - either cheap or high-quality, but not both.
Mkt cap
$3.75B
ROIC
7.75%
#16
41/100
CURBCurbline Properties Corp.D
Partial match - either cheap or high-quality, but not both.
Mkt cap
$3.34B
ROIC
1.28%
#17
40/100
BZHBeazer Homes USA, Inc.D
Partial match - either cheap or high-quality, but not both.
Mkt cap
$887.1M
ROIC
-0.17%
#18
38/100
HOVHovnanian Enterprises, Inc.D
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
$679.24M
ROIC
3.06%
#19
37/100
FORForestar Group Inc.D
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
$1.37B
ROIC
-2.37%
#20
31/100
GRBKGreen Brick Partners, Inc.F
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
$2.94B
ROIC
13.52%
#21
30/100
AHHAH Realty Trust, Inc.F
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
-
ROIC
-
#22
30/100
FPHFive Point Holdings, LLCF
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
$746.91M
ROIC
-0.25%
#23
30/100
PHMPulteGroup, Inc.F
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
$22.53B
ROIC
13.3%
#24
26/100
DFHDream Finders Homes, Inc.F
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
$1.11B
ROIC
4.62%
#25
25/100
JLLJones Lang LaSalle IncorporatedF
Low Magic Formula score - expensive, low ROIC, or both.
Mkt cap
$15.96B
ROIC
7.96%

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