20-quarter listed-company comparison

Real Estate - Development Stocks

Real Estate - Development: Howard Hughes Holdings Inc. owns the largest revenue base; Belpointe PREP, LLC has the fastest current growth.

01 · the industry itself · before any single company

How has Real Estate - Development moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 44% behind S&P 500. Earnings across its companies fell 30% on average over the last four reported quarters.

TURNING · ahead 2w⚠Price down, no fundamental support3 of 7 companies ahead of S&P 500 by 5% or more over three months

RS ↑2w · 4/7 >200d (+0) · 3/7 lead (+2) · EPS 1/6↑

Real Estate - Development, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 7 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Real Estate - Development outperforming S&P 500?

Real Estate - Development has underperformed S&P 500 by 18.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 0.1%. 2 of 10 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Sky Harbour Group Corporation is the strongest against the sector itself at +11.4%.

-0.1%Sector vs S&P 500 · 13 weeks

-18.6%Sector vs S&P 500 · 52 weeks

2/10Stocks leading S&P 500

4/10Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Real Estate - Development has underperformed S&P 500 by 18.6% over 52 weeks and 0.1% over 13 weeks. 2 of 10 covered companies beat the S&P 500 on Mansfield relative strength, while 4 of 10 beat the sector itself. Howard Hughes Holdings Inc. leads with revenue of $1,511 million, based on 6 of 10 comparable companies through Mar 2026.

Companies

complete canonical membership

Combined market value

$13.3B

Howard Hughes Holdings Inc.

Revenue growing

3/6

positive TTM year-on-year growth

Beating S&P 500

2/10

positive Mansfield relative strength

Comparing 5 of 10

03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

AMREP Corporation has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 75.1% evidence confidence.

Century Communities, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1AMREP CorporationAXR	59.9/100Mixed-positive evidence75% evidence	BASING	21.5/35 Revenue -10.2% · PAT 16.7% · OPM change 14.9 pp 83% evidence	15.7/25 ROCE 2.3% · OPM 20.6% 76% evidence	15.7/20 P/E 8.7× · PEG 0.22 65% evidence	7.0/20 RS sector -6.1% · RS bench -13.9% · 1Y 2.8%0 of 12 weeks ahead 70% evidence
Exact sum: 21.5 + 15.7 + 15.7 + 7 = 59.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Forestar Group Inc.FOR	57.1/100Thin evidence · provisional52% evidence	FADING	18.2/35 Revenue — · PAT — · OPM change -0.3 pp 45% evidence	14.8/25 ROCE 1.7% · OPM 11.3% 76% evidence	10.4/20 P/E 9.5× · PEG — 15% evidence	13.7/20 RS sector 6.4% · RS bench -2.6% · 1Y 12.9%5 of 12 weeks ahead 70% evidence
Exact sum: 18.2 + 14.8 + 10.4 + 13.7 = 57.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3Century Communities, Inc.CCS	54.7/100Thin evidence · provisional58% evidence	TURNING	15.3/35 Revenue — · PAT — · OPM change -2.2 pp 45% evidence	11.6/25 ROCE 1.3% · OPM 4.2% 76% evidence	9.6/20 P/E 15.7× · PEG — 15% evidence	18.2/20 RS sector 10.4% · RS bench 0.7% · 1Y 15.6%5 of 12 weeks ahead 100% evidence
Exact sum: 15.3 + 11.6 + 9.6 + 18.2 = 54.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4Corporación Inmobiliaria Vesta, S.A.B. de C.V.VTMX	53.3/100Thin evidence · provisional58% evidence	ASLEEP	17.8/35 Revenue — · PAT — · OPM change -1.3 pp 45% evidence	15.2/25 ROCE 1.4% · OPM 77.6% 76% evidence	11.1/20 P/E 7.5× · PEG — 15% evidence	9.2/20 RS sector 4.3% · RS bench -4% · 1Y 20%0 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 15.2 + 11.1 + 9.2 = 53.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5Logistic Properties of the AmericasLPA	41.6/100Mixed-negative evidence65% evidence		17.8/35 Revenue 17.8% · PAT -75% · OPM change 6.3 pp 83% evidence	11.3/25 ROCE 1.3% · OPM 56.2% 76% evidence	8.9/20 P/E 33× · PEG — 15% evidence	3.6/20 RS sector -15.8% · RS bench -24.3% · 1Y -53.6%3 of 8 weeks ahead to 2026-07-10 70% evidence
Exact sum: 17.8 + 11.3 + 8.9 + 3.6 = 41.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Five Point Holdings, LLCFPH	40.4/100Thin evidence · provisional52% evidence	TURNING	15.3/35 Revenue — · PAT — · OPM change -24.2 pp 45% evidence	5.5/25 ROCE -0.2% · OPM -71% 76% evidence	11.5/20 P/E 7.4× · PEG — 15% evidence	8.1/20 RS sector -5.2% · RS bench -13.6% · 1Y -1.5%0 of 12 weeks ahead 70% evidence
Exact sum: 15.3 + 5.5 + 11.5 + 8.1 = 40.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Belpointe PREP, LLCOZ	36.7/100Thin evidence · provisional55% evidence	BASING	20.3/35 Revenue 100% · PAT — · OPM change 125.5 pp 62% evidence	3.0/25 ROCE -1.1% · OPM -133.2% 76% evidence	10.0/20 P/E — · PEG — 0% evidence	3.4/20 RS sector -16.3% · RS bench -24% · 1Y -24.7%0 of 12 weeks ahead 70% evidence
Exact sum: 20.3 + 3 + 10 + 3.4 = 36.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Smith Douglas Homes Corp.SDHC	33.1/100Adverse evidence65% evidence	TURNING	7.2/35 Revenue -5.8% · PAT -52.3% · OPM change -6.9 pp 83% evidence	9.9/25 ROCE 1.1% · OPM 2.2% 76% evidence	10.0/20 P/E 13.5× · PEG — 15% evidence	6.0/20 RS sector -8.5% · RS bench -17% · 1Y -17.1%3 of 12 weeks ahead 70% evidence
Exact sum: 7.2 + 9.9 + 10 + 6 = 33.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Howard Hughes Holdings Inc.HHH	29.7/100Adverse evidence71% evidence	ASLEEP	8.3/35 Revenue -15.7% · PAT -62.5% · OPM change -2.5 pp 83% evidence	9.8/25 ROCE 0.6% · OPM 21.5% 76% evidence	9.3/20 P/E 31× · PEG — 15% evidence	2.3/20 RS sector -13.1% · RS bench -20.8% · 1Y -7.7%0 of 12 weeks ahead 100% evidence
Exact sum: 8.3 + 9.8 + 9.3 + 2.3 = 29.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Sky Harbour Group CorporationSKYH	57.4/100Thin evidence · provisional35% evidence	TURNING	18.6/35 Revenue 63.2% · PAT — · OPM change — 24% evidence	10.9/25 ROCE — · OPM — 15% evidence	8.5/20 P/E 240.8× · PEG — 15% evidence	19.4/20 RS sector 11.4% · RS bench 1.8% · 1Y 6%1 of 12 weeks ahead 100% evidence
Exact sum: 18.6 + 10.9 + 8.5 + 19.4 = 57.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

04 · what price has already done

Market action

Corporación Inmobiliaria Vesta, S.A.B. de C.V. has the strongest one-year price move in Real Estate - Development at +20%. Sky Harbour Group Corporation leads on Mansfield relative strength against the S&P 500 at +1.8%. 2 of 10 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Revenue Scale & Growth Durability

Howard Hughes Holdings Inc. has the highest Revenue among the 10 Real Estate - Development companies compared here, at $1,511 million. Smith Douglas Homes Corp. is next at $952 million. Belpointe PREP, LLC has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Howard Hughes Holdings Inc. is the scale leader at $1,511 million, 58.7% ahead of Smith Douglas Homes Corp.. Belpointe PREP, LLC's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 175% from a $11 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderHoward Hughes Holdings Inc. · $1,511 million

Gap58.7% versus #2 · Smith Douglas Homes Corp.

Persistence6/8 recent comparable periods

Coverage6/10 companies · 177 observations

Investor read: Howard Hughes Holdings Inc. is the scale benchmark; Belpointe PREP, LLC is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Howard Hughes Holdings Inc.'s growth falls below Belpointe PREP, LLC's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1Howard Hughes Holdings Inc. HHH$1.5B

2Smith Douglas Homes Corp. SDHC$952M

3AMREP Corporation AXR$53M

4Logistic Properties of the Americas LPA$53M

5Sky Harbour Group Corporation SKYH$31M

Revenue growthfastest growers

1Belpointe PREP, LLC OZ100%

2Sky Harbour Group Corporation SKYH63%

3Logistic Properties of the Americas LPA18%

4Smith Douglas Homes Corp. SDHC-5.8%

5AMREP Corporation AXR-10%

Revenue · company comparison

6/10 level · 6/10 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Century Communities, Inc. CCS	$790M	-13%	Jun 2026
Forestar Group Inc. FOR	$374M	6.6%	Jun 2026
Howard Hughes Holdings Inc. HHH	$236M	19%	Mar 2026
Smith Douglas Homes Corp. SDHC	$206M	-8.4%	Mar 2026
Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX	$77M	15%	Jun 2026
AMREP Corporation AXR	$15M	88%	Mar 2026
Five Point Holdings, LLC FPH	$14M	7.7%	Jun 2026
Logistic Properties of the Americas LPA	$14M	17%	Mar 2026
Sky Harbour Group Corporation SKYH	$9M	50%	Mar 2026
Belpointe PREP, LLC OZ	$4M	100%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

AMREP Corporation · AXR

Sep 2021$11M

Dec 2021$16M

Mar 2022$9M

Jun 2022$24M

Sep 2022$11M

Dec 2022$16M

Mar 2023$9M

Jun 2023$13M

Sep 2023$10M

Dec 2023$9M

Mar 2024$13M

Jun 2024$20M

Sep 2024$19M

Dec 2024$12M

Mar 2025$8M

Jun 2025$11M

Sep 2025$18M

Dec 2025$9M

Mar 2026$15M

Jun 2026—

Belpointe PREP, LLC · OZ

Sep 2021$0M

Dec 2021$0M

Mar 2022$0M

Jun 2022$0M

Sep 2022$0M

Dec 2022$0M

Mar 2023$0M

Jun 2023$1M

Sep 2023$0M

Dec 2023$1M

Mar 2024$0M

Jun 2024$0M

Sep 2024$1M

Dec 2024$1M

Mar 2025$2M

Jun 2025$2M

Sep 2025$2M

Dec 2025$3M

Mar 2026$4M

Jun 2026—

Century Communities, Inc. · CCS

Sep 2021$958M

Dec 2021$1.2B

Mar 2022$1.0B

Jun 2022$1.2B

Sep 2022$1.1B

Dec 2022$1.2B

Mar 2023$753M

Jun 2023$844M

Sep 2023$889M

Dec 2023$1.2B

Mar 2024$949M

Jun 2024$1.0B

Sep 2024$1.1B

Dec 2024$1.3B

Mar 2025$903M

Jun 2025$1.0B

Sep 2025$980M

Dec 2025$1.2B

Mar 2026$790M

Jun 2026—

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 2021—

Dec 2021$161M

Mar 2022—

Jun 2022$43M

Sep 2022—

Dec 2022$178M

Mar 2023$50M

Jun 2023—

Sep 2023—

Dec 2023$214M

Mar 2024$61M

Jun 2024$63M

Sep 2024$64M

Dec 2024$65M

Mar 2025$67M

Jun 2025$67M

Sep 2025$72M

Dec 2025$76M

Mar 2026$77M

Jun 2026—

Five Point Holdings, LLC · FPH

Sep 2021$21M

Dec 2021$182M

Mar 2022$5M

Jun 2022$5M

Sep 2022$15M

Dec 2022$17M

Mar 2023$6M

Jun 2023$21M

Sep 2023$66M

Dec 2023$119M

Mar 2024$10M

Jun 2024$51M

Sep 2024$17M

Dec 2024$160M

Mar 2025$13M

Jun 2025$7M

Sep 2025$13M

Dec 2025$76M

Mar 2026$14M

Jun 2026—

Forestar Group Inc. · FOR

Sep 2021$419M

Dec 2021$408M

Mar 2022$422M

Jun 2022$309M

Sep 2022$381M

Dec 2022$217M

Mar 2023$302M

Jun 2023$369M

Sep 2023$550M

Dec 2023$306M

Mar 2024$334M

Jun 2024$318M

Sep 2024$551M

Dec 2024$250M

Mar 2025$351M

Jun 2025$391M

Sep 2025$671M

Dec 2025$273M

Mar 2026$374M

Jun 2026—

Howard Hughes Holdings Inc. · HHH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022$640M

Dec 2022$482M

Mar 2023$196M

Jun 2023$223M

Sep 2023$228M

Dec 2023$313M

Mar 2024$156M

Jun 2024$283M

Sep 2024$327M

Dec 2024$984M

Mar 2025$199M

Jun 2025$261M

Sep 2025$390M

Dec 2025$624M

Mar 2026$236M

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022$8M

Dec 2022$8M

Mar 2023$9M

Jun 2023$10M

Sep 2023$10M

Dec 2023$12M

Mar 2024$10M

Jun 2024$11M

Sep 2024$11M

Dec 2024$11M

Mar 2025$12M

Jun 2025$12M

Sep 2025$13M

Dec 2025$14M

Mar 2026$14M

Jun 2026—

Sky Harbour Group Corporation · SKYH

Sep 2021$0M

Dec 2021$0M

Mar 2022$0M

Jun 2022$0M

Sep 2022$0M

Dec 2022$1M

Mar 2023$1M

Jun 2023$2M

Sep 2023$3M

Dec 2023$2M

Mar 2024$2M

Jun 2024$4M

Sep 2024$4M

Dec 2024$5M

Mar 2025$6M

Jun 2025$7M

Sep 2025$7M

Dec 2025$8M

Mar 2026$9M

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 2021$138M

Dec 2021$122M

Mar 2022$155M

Jun 2022$170M

Sep 2022$206M

Dec 2022$223M

Mar 2023$168M

Jun 2023$182M

Sep 2023$198M

Dec 2023$217M

Mar 2024$189M

Jun 2024$221M

Sep 2024$278M

Dec 2024$287M

Mar 2025$225M

Jun 2025$224M

Sep 2025$262M

Dec 2025$260M

Mar 2026$206M

Jun 2026—

Revenue growth · reported quarter history

AMREP Corporation · AXR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202226%

Sep 20220.0%

Dec 20220.0%

Mar 20230.0%

Jun 2023-46%

Sep 2023-9.1%

Dec 2023-44%

Mar 202444%

Jun 202454%

Sep 202490%

Dec 202433%

Mar 2025-38%

Jun 2025-45%

Sep 2025-5.3%

Dec 2025-25%

Mar 202688%

Jun 2026—

Belpointe PREP, LLC · OZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024-100%

Sep 2024—

Dec 20240.0%

Mar 2025—

Jun 2025—

Sep 2025100%

Dec 2025200%

Mar 2026100%

Jun 2026—

Century Communities, Inc. · CCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202212%

Sep 202219%

Dec 2022-2.3%

Mar 2023-26%

Jun 2023-28%

Sep 2023-22%

Dec 20232.3%

Mar 202426%

Jun 202423%

Sep 202428%

Dec 20245.6%

Mar 2025-4.9%

Jun 2025-3.7%

Sep 2025-14%

Dec 2025-3.1%

Mar 2026-13%

Jun 2026—

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202211%

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202320%

Mar 202422%

Jun 2024—

Sep 2024—

Dec 2024-70%

Mar 20259.8%

Jun 20256.4%

Sep 202513%

Dec 202517%

Mar 202615%

Jun 2026—

Five Point Holdings, LLC · FPH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-38%

Sep 2022-29%

Dec 2022-91%

Mar 202320%

Jun 2023320%

Sep 2023340%

Dec 2023600%

Mar 202467%

Jun 2024143%

Sep 2024-74%

Dec 202434%

Mar 202530%

Jun 2025-86%

Sep 2025-24%

Dec 2025-53%

Mar 20267.7%

Jun 2026—

Forestar Group Inc. · FOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-1.3%

Sep 2022-9.1%

Dec 2022-47%

Mar 2023-28%

Jun 202319%

Sep 202344%

Dec 202341%

Mar 202411%

Jun 2024-14%

Sep 20240.2%

Dec 2024-18%

Mar 20255.1%

Jun 202523%

Sep 202522%

Dec 20259.2%

Mar 20266.6%

Jun 2026—

Howard Hughes Holdings Inc. · HHH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023-64%

Dec 2023-35%

Mar 2024-20%

Jun 202427%

Sep 202443%

Dec 2024214%

Mar 202528%

Jun 2025-7.8%

Sep 202519%

Dec 2025-37%

Mar 202619%

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202325%

Dec 202350%

Mar 202411%

Jun 202410%

Sep 202410%

Dec 2024-8.3%

Mar 202520%

Jun 20259.1%

Sep 202518%

Dec 202527%

Mar 202617%

Jun 2026—

Sky Harbour Group Corporation · SKYH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023100%

Mar 2024100%

Jun 2024100%

Sep 202433%

Dec 2024150%

Mar 2025200%

Jun 202575%

Sep 202575%

Dec 202560%

Mar 202650%

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202249%

Dec 202283%

Mar 20238.4%

Jun 20237.1%

Sep 2023-3.9%

Dec 2023-2.7%

Mar 202413%

Jun 202421%

Sep 202440%

Dec 202432%

Mar 202519%

Jun 20251.4%

Sep 2025-5.8%

Dec 2025-9.4%

Mar 2026-8.4%

Jun 2026—

06 · compare level, then change

Operating Economics & Margin Trend

Corporación Inmobiliaria Vesta, S.A.B. de C.V. has the highest OPM among the 10 Real Estate - Development companies compared here, at 77.6%. Logistic Properties of the Americas is next at 56.2%. Belpointe PREP, LLC has the highest Margin change at +125.5 percentage points, so level and change sit with different companies.

What the numbers say: Corporación Inmobiliaria Vesta, S.A.B. de C.V. leads opm at 77.6%; Belpointe PREP, LLC leads margin change at +125.5 percentage points.

LeaderCorporación Inmobiliaria Vesta, S.A.B. de C.V. · 77.6%

Gap38.1% versus #2 · Logistic Properties of the Americas

Persistence4/8 recent comparable periods

Coverage9/10 companies · 161 observations

Investor read: Corporación Inmobiliaria Vesta, S.A.B. de C.V. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX78%

2Logistic Properties of the Americas LPA56%

3Howard Hughes Holdings Inc. HHH22%

4AMREP Corporation AXR21%

5Forestar Group Inc. FOR11%

Margin changefastest expanders

1Belpointe PREP, LLC OZ+125.5 pp

2AMREP Corporation AXR+14.9 pp

3Logistic Properties of the Americas LPA+6.3 pp

4Forestar Group Inc. FOR−0.3 pp

5Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX−1.3 pp

Operating margin · company comparison

9/10 level · 9/10 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX	78%	−1.3 pp	Jun 2026
Logistic Properties of the Americas LPA	56%	+6.3 pp	Mar 2026
Howard Hughes Holdings Inc. HHH	22%	−2.5 pp	Mar 2026
AMREP Corporation AXR	21%	+14.9 pp	Mar 2026
Forestar Group Inc. FOR	11%	−0.3 pp	Jun 2026
Century Communities, Inc. CCS	4.2%	−2.2 pp	Jun 2026
Smith Douglas Homes Corp. SDHC	2.2%	−6.9 pp	Mar 2026
Five Point Holdings, LLC FPH	-71%	−24.2 pp	Jun 2026
Belpointe PREP, LLC OZ	-133%	+125.5 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

AMREP Corporation · AXR

Sep 202117%

Dec 202127%

Mar 202212%

Jun 202260%

Sep 202224%

Dec 202228%

Mar 2023-5.2%

Jun 2023-5.8%

Sep 202320%

Dec 202312%

Mar 2024-1.2%

Jun 202424%

Sep 202426%

Dec 202426%

Mar 20255.7%

Jun 202532%

Sep 202534%

Dec 202512%

Mar 202621%

Jun 2026—

Belpointe PREP, LLC · OZ

Sep 2021-75%

Dec 2021—

Mar 2022-761%

Jun 2022-754%

Sep 2022-526%

Dec 2022-698%

Mar 2023-564%

Jun 2023-550%

Sep 2023-708%

Dec 2023-780%

Mar 2024—

Jun 2024-793%

Sep 2024-420%

Dec 2024-388%

Mar 2025-259%

Jun 2025-250%

Sep 2025-193%

Dec 2025-214%

Mar 2026-133%

Jun 2026—

Century Communities, Inc. · CCS

Sep 202117%

Dec 202117%

Mar 202219%

Jun 202219%

Sep 202216%

Dec 202210%

Mar 20235.6%

Jun 20238.3%

Sep 202313%

Dec 202311%

Mar 20249.9%

Jun 202411%

Sep 202410%

Dec 20249.4%

Mar 20256.4%

Jun 20256.4%

Sep 20256.2%

Dec 202511%

Mar 20264.2%

Jun 2026—

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 202180%

Dec 202178%

Mar 202280%

Jun 202280%

Sep 202281%

Dec 202278%

Mar 202378%

Jun 202380%

Sep 202380%

Dec 202365%

Mar 202479%

Jun 202476%

Sep 202478%

Dec 202467%

Mar 202579%

Jun 202576%

Sep 202577%

Dec 202572%

Mar 202678%

Jun 2026—

Five Point Holdings, LLC · FPH

Sep 2021-49%

Dec 202128%

Mar 2022-734%

Jun 2022-220%

Sep 2022-37%

Dec 2022-32%

Mar 2023-203%

Jun 2023-13%

Sep 202317%

Dec 202325%

Mar 2024-79%

Jun 202450%

Sep 2024-2.3%

Dec 202431%

Mar 2025-47%

Jun 2025-164%

Sep 2025-59%

Dec 202525%

Mar 2026-71%

Jun 2026—

Forestar Group Inc. · FOR

Sep 202113%

Dec 202113%

Mar 202215%

Jun 202216%

Sep 202217%

Dec 202211%

Mar 202311%

Jun 202316%

Sep 202316%

Dec 202315%

Mar 202416%

Jun 202413%

Sep 202418%

Dec 20247.6%

Mar 202512%

Jun 202511%

Sep 202516%

Dec 20256.8%

Mar 202611%

Jun 2026—

Howard Hughes Holdings Inc. · HHH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202225%

Dec 202228%

Mar 20237.6%

Jun 20230.3%

Sep 202326%

Dec 202332%

Mar 20248.1%

Jun 202431%

Sep 202461%

Dec 202427%

Mar 202524%

Jun 202526%

Sep 202549%

Dec 20254.2%

Mar 202622%

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202268%

Dec 202274%

Mar 202373%

Jun 202376%

Sep 202361%

Dec 202359%

Mar 2024-355%

Jun 202443%

Sep 202444%

Dec 202439%

Mar 202550%

Jun 202544%

Sep 202551%

Dec 202556%

Mar 202656%

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 202111%

Dec 20219.5%

Mar 202218%

Jun 202219%

Sep 202219%

Dec 202218%

Mar 202317%

Jun 202317%

Sep 202317%

Dec 202314%

Mar 202412%

Jun 202412%

Sep 202414%

Dec 202411%

Mar 20259.1%

Jun 20257.7%

Sep 20257.2%

Dec 20256.0%

Mar 20262.2%

Jun 2026—

Margin change · reported quarter history

AMREP Corporation · AXR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+31.2 pp

Sep 2022+6.9 pp

Dec 2022+0.6 pp

Mar 2023−17.5 pp

Jun 2023−65.3 pp

Sep 2023−4.3 pp

Dec 2023−15.8 pp

Mar 2024+4.0 pp

Jun 2024+29.7 pp

Sep 2024+6.4 pp

Dec 2024+14.5 pp

Mar 2025+6.9 pp

Jun 2025+7.8 pp

Sep 2025+8.3 pp

Dec 2025−14.5 pp

Mar 2026+14.9 pp

Jun 2026—

Belpointe PREP, LLC · OZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−736.1 pp

Sep 2022−450.8 pp

Dec 2022+334.9 pp

Mar 2023+196.6 pp

Jun 2023+203.2 pp

Sep 2023−182.1 pp

Dec 2023−82.6 pp

Mar 2024−437.3 pp

Jun 2024−242.4 pp

Sep 2024+288.6 pp

Dec 2024+392.8 pp

Mar 2025+742.8 pp

Jun 2025+542.4 pp

Sep 2025+226.4 pp

Dec 2025+174.0 pp

Mar 2026+125.5 pp

Jun 2026—

Century Communities, Inc. · CCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+4.2 pp

Sep 2022−1.4 pp

Dec 2022−7.4 pp

Mar 2023−13.1 pp

Jun 2023−10.6 pp

Sep 2023−2.7 pp

Dec 2023+0.6 pp

Mar 2024+4.3 pp

Jun 2024+2.3 pp

Sep 2024−2.7 pp

Dec 2024−1.2 pp

Mar 2025−3.5 pp

Jun 2025−4.2 pp

Sep 2025−3.9 pp

Dec 2025+1.2 pp

Mar 2026−2.2 pp

Jun 2026—

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.2 pp

Sep 2022+1.2 pp

Dec 2022+0.5 pp

Mar 2023−1.8 pp

Jun 2023−0.4 pp

Sep 2023−1.4 pp

Dec 2023−13.5 pp

Mar 2024+0.7 pp

Jun 2024−4.0 pp

Sep 2024−1.5 pp

Dec 2024+2.1 pp

Mar 2025+0.4 pp

Jun 2025+0.9 pp

Sep 2025−1.1 pp

Dec 2025+4.9 pp

Mar 2026−1.3 pp

Jun 2026—

Five Point Holdings, LLC · FPH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022−0.6 pp

Sep 2022+12.5 pp

Dec 2022−59.5 pp

Mar 2023+530.7 pp

Jun 2023+206.2 pp

Sep 2023+54.0 pp

Dec 2023+56.7 pp

Mar 2024+124.1 pp

Jun 2024+63.7 pp

Sep 2024−19.4 pp

Dec 2024+6.6 pp

Mar 2025+32.4 pp

Jun 2025−213.9 pp

Sep 2025−56.2 pp

Dec 2025−6.4 pp

Mar 2026−24.2 pp

Jun 2026—

Forestar Group Inc. · FOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022+3.7 pp

Sep 2022+3.8 pp

Dec 2022−1.3 pp

Mar 2023−3.8 pp

Jun 2023−0.2 pp

Sep 2023−1.0 pp

Dec 2023+3.3 pp

Mar 2024+4.9 pp

Jun 2024−2.6 pp

Sep 2024+1.9 pp

Dec 2024−7.1 pp

Mar 2025−4.5 pp

Jun 2025−2.5 pp

Sep 2025−2.1 pp

Dec 2025−0.8 pp

Mar 2026−0.3 pp

Jun 2026—

Howard Hughes Holdings Inc. · HHH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023+1.4 pp

Dec 2023+3.8 pp

Mar 2024+0.5 pp

Jun 2024+30.9 pp

Sep 2024+34.6 pp

Dec 2024−5.6 pp

Mar 2025+15.9 pp

Jun 2025−5.2 pp

Sep 2025−12.0 pp

Dec 2025−22.3 pp

Mar 2026−2.5 pp

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023−7.7 pp

Dec 2023−15.4 pp

Mar 2024−428.2 pp

Jun 2024−33.4 pp

Sep 2024−17.1 pp

Dec 2024−19.2 pp

Mar 2025+404.9 pp

Jun 2025+0.7 pp

Sep 2025+7.7 pp

Dec 2025+16.3 pp

Mar 2026+6.3 pp

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+7.7 pp

Dec 2022+8.8 pp

Mar 2023−0.9 pp

Jun 2023−2.0 pp

Sep 2023−1.2 pp

Dec 2023−4.4 pp

Mar 2024−5.5 pp

Jun 2024−4.7 pp

Sep 2024−3.1 pp

Dec 2024−3.3 pp

Mar 2025−2.5 pp

Jun 2025−4.6 pp

Sep 2025−7.0 pp

Dec 2025−4.6 pp

Mar 2026−6.9 pp

Jun 2026—

07 · compare level, then change

Profit Scale & Acceleration

Howard Hughes Holdings Inc. has the highest Net profit among the 10 Real Estate - Development companies compared here, at $120 million. Smith Douglas Homes Corp. is next at $53 million. AMREP Corporation has the highest Profit growth at 16.7%, so level and change sit with different companies. Its Net profit series carries 15 reported observations across the 20-quarter window.

What the numbers say: Howard Hughes Holdings Inc. leads with $120 million of TTM profit, 126.4% above Smith Douglas Homes Corp.. AMREP Corporation shows 16.7% growth from a $14 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderHoward Hughes Holdings Inc. · $120 million

Gap126.4% versus #2 · Smith Douglas Homes Corp.

Persistence4/8 recent comparable periods

Coverage6/10 companies · 182 observations

Investor read: Howard Hughes Holdings Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1Howard Hughes Holdings Inc. HHH$120M

2Smith Douglas Homes Corp. SDHC$53M

3AMREP Corporation AXR$14M

4Logistic Properties of the Americas LPA$7M

5Sky Harbour Group Corporation SKYH$7M

Profit growthfastest growers

1AMREP Corporation AXR17%

2Smith Douglas Homes Corp. SDHC-52%

3Howard Hughes Holdings Inc. HHH-63%

4Logistic Properties of the Americas LPA-75%

Net profit · company comparison

6/10 level · 4/10 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX	$101M	573%	Jun 2026
Forestar Group Inc. FOR	$32M	0.0%	Jun 2026
Century Communities, Inc. CCS	$24M	-38%	Jun 2026
Howard Hughes Holdings Inc. HHH	$8M	-27%	Mar 2026
Smith Douglas Homes Corp. SDHC	$4M	-79%	Mar 2026
AMREP Corporation AXR	$3M	200%	Mar 2026
Five Point Holdings, LLC FPH	$-5M	-108%	Jun 2026
Logistic Properties of the Americas LPA	$-8M	-900%	Mar 2026
Sky Harbour Group Corporation SKYH	$-9M	250%	Mar 2026
Belpointe PREP, LLC OZ	$-11M	—	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

AMREP Corporation · AXR

Sep 2021$2M

Dec 2021$3M

Mar 2022$1M

Jun 2022$10M

Sep 2022$2M

Dec 2022$4M

Mar 2023$17M

Jun 2023$0M

Sep 2023$1M

Dec 2023$1M

Mar 2024$0M

Jun 2024$4M

Sep 2024$4M

Dec 2024$3M

Mar 2025$1M

Jun 2025$4M

Sep 2025$5M

Dec 2025$2M

Mar 2026$3M

Jun 2026—

Belpointe PREP, LLC · OZ

Sep 2021$0M

Dec 2021$-1M

Mar 2022$-2M

Jun 2022$-2M

Sep 2022$-1M

Dec 2022$-3M

Mar 2023$-3M

Jun 2023$-4M

Sep 2023$-3M

Dec 2023$-4M

Mar 2024$-4M

Jun 2024$-5M

Sep 2024$-7M

Dec 2024$-8M

Mar 2025$-9M

Jun 2025$-8M

Sep 2025$-12M

Dec 2025$-12M

Mar 2026$-11M

Jun 2026—

Century Communities, Inc. · CCS

Sep 2021$114M

Dec 2021$165M

Mar 2022$142M

Jun 2022$159M

Sep 2022$144M

Dec 2022$79M

Mar 2023$33M

Jun 2023$51M

Sep 2023$83M

Dec 2023$91M

Mar 2024$64M

Jun 2024$84M

Sep 2024$83M

Dec 2024$103M

Mar 2025$39M

Jun 2025$35M

Sep 2025$37M

Dec 2025$36M

Mar 2026$24M

Jun 2026—

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 2021$5M

Dec 2021$46M

Mar 2022$49M

Jun 2022$54M

Sep 2022$62M

Dec 2022$79M

Mar 2023$55M

Jun 2023$71M

Sep 2023$76M

Dec 2023$114M

Mar 2024$125M

Jun 2024$109M

Sep 2024$52M

Dec 2024$-63M

Mar 2025$15M

Jun 2025$28M

Sep 2025$25M

Dec 2025$174M

Mar 2026$101M

Jun 2026—

Five Point Holdings, LLC · FPH

Sep 2021$-8M

Dec 2021$47M

Mar 2022$-37M

Jun 2022$-11M

Sep 2022$-10M

Dec 2022$22M

Mar 2023$-10M

Jun 2023$51M

Sep 2023$14M

Dec 2023$59M

Mar 2024$6M

Jun 2024$38M

Sep 2024$12M

Dec 2024$121M

Mar 2025$61M

Jun 2025$9M

Sep 2025$56M

Dec 2025$59M

Mar 2026$-5M

Jun 2026—

Forestar Group Inc. · FOR

Sep 2021$44M

Dec 2021$41M

Mar 2022$48M

Jun 2022$40M

Sep 2022$51M

Dec 2022$21M

Mar 2023$27M

Jun 2023$47M

Sep 2023$72M

Dec 2023$38M

Mar 2024$45M

Jun 2024$39M

Sep 2024$82M

Dec 2024$17M

Mar 2025$32M

Jun 2025$33M

Sep 2025$87M

Dec 2025$15M

Mar 2026$32M

Jun 2026—

Howard Hughes Holdings Inc. · HHH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022$108M

Dec 2022$53M

Mar 2023$-23M

Jun 2023$-19M

Sep 2023$32M

Dec 2023$54M

Mar 2024$-21M

Jun 2024$47M

Sep 2024$97M

Dec 2024$165M

Mar 2025$11M

Jun 2025$-12M

Sep 2025$119M

Dec 2025$5M

Mar 2026$8M

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022$0M

Dec 2022$-3M

Mar 2023$11M

Jun 2023$-5M

Sep 2023$2M

Dec 2023$-2M

Mar 2024$-46M

Jun 2024$12M

Sep 2024$5M

Dec 2024$10M

Mar 2025$1M

Jun 2025$-1M

Sep 2025$5M

Dec 2025$11M

Mar 2026$-8M

Jun 2026—

Sky Harbour Group Corporation · SKYH

Sep 2021$-4M

Dec 2021$-5M

Mar 2022$-20M

Jun 2022$10M

Sep 2022$-3M

Dec 2022$-1M

Mar 2023$-9M

Jun 2023$-2M

Sep 2023$-2M

Dec 2023$-13M

Mar 2024$-21M

Jun 2024$4M

Sep 2024$-21M

Dec 2024$-16M

Mar 2025$-9M

Jun 2025$14M

Sep 2025$-5M

Dec 2025$7M

Mar 2026$-9M

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 2021$20M

Dec 2021$11M

Mar 2022$28M

Jun 2022$32M

Sep 2022$38M

Dec 2022$41M

Mar 2023$29M

Jun 2023$31M

Sep 2023$34M

Dec 2023$30M

Mar 2024$20M

Jun 2024$25M

Sep 2024$38M

Dec 2024$29M

Mar 2025$19M

Jun 2025$16M

Sep 2025$16M

Dec 2025$17M

Mar 2026$4M

Jun 2026—

Profit growth · reported quarter history

AMREP Corporation · AXR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022150%

Sep 20220.0%

Dec 202233%

Mar 20231,600%

Jun 2023-100%

Sep 2023-50%

Dec 2023-75%

Mar 2024-100%

Jun 2024—

Sep 2024300%

Dec 2024200%

Mar 2025—

Jun 20250.0%

Sep 202525%

Dec 2025-33%

Mar 2026200%

Jun 2026—

Century Communities, Inc. · CCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202235%

Sep 202226%

Dec 2022-52%

Mar 2023-77%

Jun 2023-68%

Sep 2023-42%

Dec 202315%

Mar 202494%

Jun 202465%

Sep 20240.0%

Dec 202413%

Mar 2025-39%

Jun 2025-58%

Sep 2025-55%

Dec 2025-65%

Mar 2026-38%

Jun 2026—

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-50%

Sep 20221,140%

Dec 202272%

Mar 202312%

Jun 202331%

Sep 202323%

Dec 202344%

Mar 2024127%

Jun 202454%

Sep 2024-32%

Dec 2024-155%

Mar 2025-88%

Jun 2025-74%

Sep 2025-52%

Dec 2025—

Mar 2026573%

Jun 2026—

Five Point Holdings, LLC · FPH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022-53%

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023168%

Mar 2024—

Jun 2024-25%

Sep 2024-14%

Dec 2024105%

Mar 2025917%

Jun 2025-76%

Sep 2025367%

Dec 2025-51%

Mar 2026-108%

Jun 2026—

Forestar Group Inc. · FOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022150%

Sep 202216%

Dec 2022-49%

Mar 2023-44%

Jun 202318%

Sep 202341%

Dec 202381%

Mar 202467%

Jun 2024-17%

Sep 202414%

Dec 2024-55%

Mar 2025-29%

Jun 2025-15%

Sep 20256.1%

Dec 2025-12%

Mar 20260.0%

Jun 2026—

Howard Hughes Holdings Inc. · HHH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023-70%

Dec 20231.9%

Mar 2024—

Jun 2024—

Sep 2024203%

Dec 2024206%

Mar 2025—

Jun 2025-126%

Sep 202523%

Dec 2025-97%

Mar 2026-27%

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-518%

Jun 2024—

Sep 2024150%

Dec 2024—

Mar 2025—

Jun 2025-108%

Sep 20250.0%

Dec 202510%

Mar 2026-900%

Jun 2026—

Sky Harbour Group Corporation · SKYH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023-120%

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025250%

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202290%

Dec 2022273%

Mar 20233.6%

Jun 2023-3.1%

Sep 2023-11%

Dec 2023-27%

Mar 2024-31%

Jun 2024-19%

Sep 202412%

Dec 2024-3.3%

Mar 2025-5.0%

Jun 2025-36%

Sep 2025-58%

Dec 2025-41%

Mar 2026-79%

Jun 2026—

08 · compare level, then change

Return On Capital Employed

AMREP Corporation has the highest ROCE among the 10 Real Estate - Development companies compared here, at 2.3%. Forestar Group Inc. is next at 1.7%. The same company also holds the highest ROCE change, at +1.9 percentage points. 9 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: AMREP Corporation leads ROCE at 2.3%, 0.6 percentage points above Forestar Group Inc.. AMREP Corporation has the strongest latest improvement at +1.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAMREP Corporation · 2.3%

Gap35.3% versus #2 · Forestar Group Inc.

Persistence6/8 recent comparable periods

Coverage9/10 companies · 165 observations

Investor read: AMREP Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1AMREP Corporation AXR2.3%

2Forestar Group Inc. FOR1.7%

3Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX1.4%

4Century Communities, Inc. CCS1.3%

5Logistic Properties of the Americas LPA1.3%

ROCE changefastest improvers

1AMREP Corporation AXR+1.9 pp

2Logistic Properties of the Americas LPA+0.3 pp

3Five Point Holdings, LLC FPH+0.2 pp

4Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX+0.1 pp

5Forestar Group Inc. FOR0.0 pp

Return on capital · company comparison

9/10 level · 9/10 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
AMREP Corporation AXR	2.3%	+1.9 pp	Mar 2026
Forestar Group Inc. FOR	1.7%	0.0 pp	Jun 2026
Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX	1.4%	+0.1 pp	Jun 2026
Century Communities, Inc. CCS	1.3%	−0.1 pp	Jun 2026
Logistic Properties of the Americas LPA	1.3%	+0.3 pp	Mar 2026
Smith Douglas Homes Corp. SDHC	1.1%	−4.3 pp	Mar 2026
Howard Hughes Holdings Inc. HHH	0.6%	0.0 pp	Mar 2026
Five Point Holdings, LLC FPH	-0.2%	+0.2 pp	Jun 2026
Belpointe PREP, LLC OZ	-1.1%	−0.1 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

AMREP Corporation · AXR

Sep 20211.9%

Dec 20214.6%

Mar 20221.2%

Jun 202216%

Sep 20222.8%

Dec 20224.7%

Mar 2023-0.5%

Jun 2023-0.7%

Sep 20232.0%

Dec 20231.0%

Mar 2024-0.1%

Jun 20244.1%

Sep 20244.3%

Dec 20242.6%

Mar 20250.4%

Jun 20252.9%

Sep 20254.8%

Dec 20250.9%

Mar 20262.3%

Jun 2026—

Belpointe PREP, LLC · OZ

Sep 2021-0.4%

Dec 2021-1.0%

Mar 2022-1.2%

Jun 2022-1.2%

Sep 2022-0.8%

Dec 2022-0.8%

Mar 2023-0.8%

Jun 2023-1.3%

Sep 2023-1.0%

Dec 2023-1.1%

Mar 2024-0.9%

Jun 2024-0.8%

Sep 2024-0.9%

Dec 2024-1.0%

Mar 2025-1.0%

Jun 2025-1.0%

Sep 2025-0.9%

Dec 2025-1.3%

Mar 2026-1.1%

Jun 2026—

Century Communities, Inc. · CCS

Sep 20216.9%

Dec 20218.5%

Mar 20227.4%

Jun 20228.2%

Sep 20226.2%

Dec 20224.0%

Mar 20231.4%

Jun 20232.3%

Sep 20233.5%

Dec 20233.9%

Mar 20242.8%

Jun 20243.3%

Sep 20243.3%

Dec 20243.2%

Mar 20251.6%

Jun 20251.4%

Sep 20251.6%

Dec 20253.1%

Mar 20260.9%

Jun 20261.3%

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 20210.0%

Dec 20211.3%

Mar 20221.4%

Jun 20221.3%

Sep 20221.3%

Dec 20221.3%

Mar 20231.4%

Jun 20231.4%

Sep 20231.4%

Dec 20231.3%

Mar 20241.6%

Jun 20241.4%

Sep 20241.4%

Dec 20241.3%

Mar 20251.6%

Jun 20251.3%

Sep 20251.3%

Dec 20251.4%

Mar 20261.4%

Jun 20261.4%

Five Point Holdings, LLC · FPH

Sep 2021-0.4%

Dec 20211.8%

Mar 2022-1.3%

Jun 2022-0.4%

Sep 2022-0.2%

Dec 2022-0.2%

Mar 2023-0.4%

Jun 2023-0.1%

Sep 20230.4%

Dec 20231.0%

Mar 2024-0.3%

Jun 20240.9%

Sep 20240.0%

Dec 20241.7%

Mar 2025-0.2%

Jun 2025-0.4%

Sep 2025-0.3%

Dec 20250.6%

Mar 2026-0.3%

Jun 2026-0.2%

Forestar Group Inc. · FOR

Sep 20213.4%

Dec 20213.1%

Mar 20223.7%

Jun 20222.8%

Sep 20223.6%

Dec 20221.3%

Mar 20231.8%

Jun 20233.0%

Sep 20234.4%

Dec 20232.2%

Mar 20242.6%

Jun 20242.0%

Sep 20244.5%

Dec 20240.8%

Mar 20251.7%

Jun 20251.7%

Sep 20254.3%

Dec 20250.7%

Mar 20261.6%

Jun 20261.7%

Howard Hughes Holdings Inc. · HHH

Sep 20210.0%

Dec 20210.0%

Mar 2022—

Jun 2022—

Sep 20221.8%

Dec 20221.6%

Mar 2023—

Jun 2023—

Sep 20230.7%

Dec 20231.2%

Mar 20240.3%

Jun 20242.0%

Sep 20242.4%

Dec 20243.1%

Mar 20250.6%

Jun 20250.8%

Sep 20252.2%

Dec 20250.3%

Mar 20260.6%

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 20210.0%

Dec 20210.0%

Mar 2022—

Jun 2022—

Sep 20221.4%

Dec 20221.5%

Mar 2023—

Jun 2023—

Sep 20231.4%

Dec 20231.5%

Mar 2024-14%

Jun 20241.6%

Sep 20240.9%

Dec 20240.8%

Mar 20251.0%

Jun 20250.9%

Sep 20251.1%

Dec 20251.2%

Mar 20261.3%

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 202116%

Dec 202112%

Mar 2022—

Jun 2022—

Sep 202229%

Dec 202232%

Mar 202333%

Jun 202335%

Sep 202319%

Dec 202316%

Mar 20248.4%

Jun 202410%

Sep 202414%

Dec 20249.8%

Mar 20255.4%

Jun 20254.4%

Sep 20254.6%

Dec 20253.6%

Mar 20261.1%

Jun 2026—

ROCE change · reported quarter history

AMREP Corporation · AXR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.9 pp

Dec 2022+0.1 pp

Mar 2023−1.7 pp

Jun 2023−16.4 pp

Sep 2023−0.8 pp

Dec 2023−3.7 pp

Mar 2024+0.4 pp

Jun 2024+4.8 pp

Sep 2024+2.3 pp

Dec 2024+1.6 pp

Mar 2025+0.5 pp

Jun 2025−1.2 pp

Sep 2025+0.5 pp

Dec 2025−1.7 pp

Mar 2026+1.9 pp

Jun 2026—

Belpointe PREP, LLC · OZ

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.4 pp

Dec 2022+0.2 pp

Mar 2023+0.4 pp

Jun 2023−0.1 pp

Sep 2023−0.2 pp

Dec 2023−0.3 pp

Mar 2024−0.1 pp

Jun 2024+0.5 pp

Sep 2024+0.1 pp

Dec 2024+0.1 pp

Mar 2025−0.1 pp

Jun 2025−0.2 pp

Sep 20250.0 pp

Dec 2025−0.3 pp

Mar 2026−0.1 pp

Jun 2026—

Century Communities, Inc. · CCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−0.7 pp

Dec 2022−4.5 pp

Mar 2023−6.0 pp

Jun 2023−5.9 pp

Sep 2023−2.7 pp

Dec 2023−0.1 pp

Mar 2024+1.4 pp

Jun 2024+1.0 pp

Sep 2024−0.2 pp

Dec 2024−0.7 pp

Mar 2025−1.2 pp

Jun 2025−1.9 pp

Sep 2025−1.7 pp

Dec 2025−0.1 pp

Mar 2026−0.7 pp

Jun 2026−0.1 pp

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.3 pp

Dec 20220.0 pp

Mar 20230.0 pp

Jun 2023+0.1 pp

Sep 2023+0.1 pp

Dec 20230.0 pp

Mar 2024+0.2 pp

Jun 20240.0 pp

Sep 20240.0 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 2025−0.1 pp

Sep 2025−0.1 pp

Dec 2025+0.1 pp

Mar 2026−0.2 pp

Jun 2026+0.1 pp

Five Point Holdings, LLC · FPH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.2 pp

Dec 2022−2.0 pp

Mar 2023+0.9 pp

Jun 2023+0.3 pp

Sep 2023+0.6 pp

Dec 2023+1.2 pp

Mar 2024+0.1 pp

Jun 2024+1.0 pp

Sep 2024−0.4 pp

Dec 2024+0.7 pp

Mar 2025+0.1 pp

Jun 2025−1.3 pp

Sep 2025−0.3 pp

Dec 2025−1.1 pp

Mar 2026−0.1 pp

Jun 2026+0.2 pp

Forestar Group Inc. · FOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+0.2 pp

Dec 2022−1.8 pp

Mar 2023−1.9 pp

Jun 2023+0.2 pp

Sep 2023+0.8 pp

Dec 2023+0.9 pp

Mar 2024+0.8 pp

Jun 2024−1.0 pp

Sep 2024+0.1 pp

Dec 2024−1.4 pp

Mar 2025−0.9 pp

Jun 2025−0.3 pp

Sep 2025−0.2 pp

Dec 2025−0.1 pp

Mar 2026−0.1 pp

Jun 20260.0 pp

Howard Hughes Holdings Inc. · HHH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.8 pp

Dec 2022+1.6 pp

Mar 2023—

Jun 2023—

Sep 2023−1.1 pp

Dec 2023−0.4 pp

Mar 2024—

Jun 2024—

Sep 2024+1.7 pp

Dec 2024+1.9 pp

Mar 2025+0.3 pp

Jun 2025−1.2 pp

Sep 2025−0.2 pp

Dec 2025−2.8 pp

Mar 20260.0 pp

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.4 pp

Dec 2022+1.5 pp

Mar 2023—

Jun 2023—

Sep 20230.0 pp

Dec 20230.0 pp

Mar 2024—

Jun 2024—

Sep 2024−0.5 pp

Dec 2024−0.7 pp

Mar 2025+14.6 pp

Jun 2025−0.7 pp

Sep 2025+0.2 pp

Dec 2025+0.4 pp

Mar 2026+0.3 pp

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+13.7 pp

Dec 2022+19.4 pp

Mar 2023—

Jun 2023—

Sep 2023−10.0 pp

Dec 2023−15.3 pp

Mar 2024−24.3 pp

Jun 2024−24.7 pp

Sep 2024−5.5 pp

Dec 2024−6.4 pp

Mar 2025−3.0 pp

Jun 2025−5.9 pp

Sep 2025−9.3 pp

Dec 2025−6.2 pp

Mar 2026−4.3 pp

Jun 2026—

09 · compare level, then change

Valuation Against Growth & Quality

AMREP Corporation has the lowest PEG among the 10 Real Estate - Development companies compared here, at 0.22×. Five Point Holdings, LLC has the lowest P/E at 7.42×, so level and change sit with different companies. 1 of 10 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: AMREP Corporation has the lowest comparable PEG at 0.22×. Only 1 of 10 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAMREP Corporation · 0.22×

GapNot enough peers

Persistence0/8 recent comparable periods

Coverage1/10 companies · 18 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1AMREP Corporation AXR0.2

P/Elowest P/E

1Five Point Holdings, LLC FPH7.4

2Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX7.5

3AMREP Corporation AXR8.7

4Forestar Group Inc. FOR9.5

5Smith Douglas Homes Corp. SDHC13.5

Valuation · company comparison

1/10 level · 9/10 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Century Communities, Inc. CCS	1.0	15.7	Jun 2026
Forestar Group Inc. FOR	0.4	9.5	Jun 2026
Corporación Inmobiliaria Vesta, S.A.B. de C.V. VTMX	0.4	7.5	Jun 2026
AMREP Corporation AXR	0.2	8.7	Mar 2026
Five Point Holdings, LLC FPH	0.1	7.4	Jun 2026
Howard Hughes Holdings Inc. HHH	—	31.0	Mar 2026
Sky Harbour Group Corporation SKYH	—	240.8	Mar 2026
Smith Douglas Homes Corp. SDHC	—	13.5	Mar 2026
Logistic Properties of the Americas LPA	—	33.0	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

AMREP Corporation · AXR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.1

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 20250.2

Dec 2025—

Mar 2026—

Jun 2026—

Century Communities, Inc. · CCS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.3

Dec 20240.2

Mar 20251.0

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20230.3

Dec 20230.6

Mar 20240.2

Jun 20241.1

Sep 20240.4

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Five Point Holdings, LLC · FPH

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.2

Dec 20240.1

Mar 20250.1

Jun 20250.1

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Forestar Group Inc. · FOR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20230.6

Mar 20240.2

Jun 20240.3

Sep 20240.4

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

P/E · reported quarter history

AMREP Corporation · AXR

Sep 202112.1

Dec 20219.6

Mar 20229.2

Jun 20225.8

Sep 20226.0

Dec 20224.7

Mar 20232.4

Jun 20233.4

Sep 20234.5

Dec 20234.7

Mar 202448.5

Jun 202416.2

Sep 202414.5

Dec 202413.2

Mar 202512.6

Jun 20259.5

Sep 20259.0

Dec 202511.0

Mar 20268.7

Jun 2026—

Century Communities, Inc. · CCS

Sep 20214.9

Dec 20215.7

Mar 20223.4

Jun 20222.6

Sep 20222.4

Dec 20223.1

Mar 20235.0

Jun 20238.0

Sep 20238.7

Dec 202311.3

Mar 202410.7

Jun 20248.2

Sep 202410.3

Dec 20247.1

Mar 20257.0

Jun 20256.9

Sep 20259.3

Dec 202512.2

Mar 202612.9

Jun 202615.7

Corporación Inmobiliaria Vesta, S.A.B. de C.V. · VTMX

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20237.4

Sep 20237.1

Dec 20239.6

Mar 20247.5

Jun 20245.9

Sep 20246.0

Dec 202410.1

Mar 202520.1

Jun 2025121.7

Sep 2025496.3

Dec 202510.9

Mar 20268.7

Jun 20267.5

Five Point Holdings, LLC · FPH

Sep 2021—

Dec 202172.7

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 20238.3

Sep 20235.8

Dec 20234.0

Mar 20243.7

Jun 20244.1

Sep 20245.9

Dec 20243.9

Mar 20254.3

Jun 20255.1

Sep 20254.7

Dec 20255.8

Mar 20267.9

Jun 20267.4

Forestar Group Inc. · FOR

Sep 20218.3

Dec 20218.3

Mar 20226.0

Jun 20224.0

Sep 20223.1

Dec 20224.8

Mar 20235.6

Jun 20237.8

Sep 20238.1

Dec 20239.0

Mar 202410.0

Jun 20248.3

Sep 20248.1

Dec 20247.3

Mar 20256.4

Jun 20256.3

Sep 20258.1

Dec 20257.5

Mar 20267.5

Jun 20269.5

Howard Hughes Holdings Inc. · HHH

Sep 2021—

Dec 202194.2

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202214.6

Mar 2023—

Jun 202331.2

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 202427.3

Dec 202419.4

Mar 202512.6

Jun 202514.4

Sep 202515.6

Dec 202536.1

Mar 202631.0

Jun 2026—

Logistic Properties of the Americas · LPA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 202515.4

Jun 202529.7

Sep 202520.3

Dec 20258.3

Mar 202633.0

Jun 2026—

Sky Harbour Group Corporation · SKYH

Sep 2021—

Dec 202159.8

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 202599.7

Mar 2026240.8

Jun 2026—

Smith Douglas Homes Corp. · SDHC

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20242.3

Jun 20241.9

Sep 20243.0

Dec 202414.2

Mar 202511.2

Jun 202512.1

Sep 202514.0

Dec 202514.1

Mar 202613.5

Jun 2026—

10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Real Estate - Development comparison names 5 specific ways its own evidence can mislead, all listed below. All 10 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Thin comparisons: Valuation have fewer than three usable current readings.

11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 10 Real Estate - Development companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-08-04 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

12 · questions investors ask, short speakable answers

Real Estate - Development company comparison FAQs

These 22 answers restate the Real Estate - Development comparison above in question form. Every one is computed from the same 10 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Real Estate - Development sector outperforming S&P 500?

Which Real Estate - Development company is largest by revenue?

Howard Hughes Holdings Inc. leads with revenue of $1,511 million, based on 6 of 10 comparable companies through Mar 2026.

Which Real Estate - Development company is growing fastest?

Belpointe PREP, LLC has the fastest current revenue growth at 100%, across 6 of 10 comparable companies.

Which Real Estate - Development company has the strongest 4-Factor Sector Score?

AMREP Corporation ranks first at 59.9/100 with 75.1% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Real Estate - Development company has the lowest comparable PEG?

AMREP Corporation has the lowest comparable PEG at 0.22, among 1 of 10 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Real Estate - Development comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which Real Estate - Development company is the biggest?

Howard Hughes Holdings Inc. is the largest, with trailing-twelve-month revenue of $1,511 million, ahead of Smith Douglas Homes Corp. at $952 million. That covers 6 of 10 companies with comparable reporting through Mar 2026.

Which Real Estate - Development company has the best profit margins?

Corporación Inmobiliaria Vesta, S.A.B. de C.V. has the highest operating margin at 77.6%, from 9 of 10 comparable companies. Belpointe PREP, LLC shows the biggest recent improvement, at +125.5 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Real Estate - Development company makes the most profit?

Howard Hughes Holdings Inc. earns the most, at $120 million of trailing-twelve-month net profit, from 6 of 10 comparable companies. AMREP Corporation has the fastest profit growth at 16.7%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Real Estate - Development company earns the highest return on capital?

AMREP Corporation leads on return on capital employed at 2.3%, across 9 of 10 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Real Estate - Development stock is the cheapest?

On PEG — where a LOWER number is cheaper — AMREP Corporation screens cheapest at 0.22×. Only 1 of 10 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Real Estate - Development sector beating the market?

Real Estate - Development has underperformed S&P 500 by 18.6% over the last 52 weeks and 0.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 10 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Real Estate - Development stock has the strongest price momentum?

Sky Harbour Group Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Real Estate - Development company scores highest for research priority?

AMREP Corporation scores 59.9 out of 100 with 75.1% evidence confidence, from 21.5 points on growth and earnings, 15.7 on capital efficiency, 15.7 on valuation and 7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Real Estate - Development companies does this comparison cover, and over what period?

It compares 10 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Real Estate - Development sector?

The 10 Real Estate - Development companies on this page carry $13,250 million of combined market value. Howard Hughes Holdings Inc. is the largest at $3,882 million, about 29% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

What is the Real Estate - Development sector's P/E ratio?

The median price-to-earnings ratio across the 10 Real Estate - Development companies on this page is 13.5×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.

How is the Real Estate - Development sector performing?

2 of the 10 covered Real Estate - Development companies are beating S&P 500 on Mansfield relative strength. The sector itself is 18.6% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Real Estate - Development stocks are listed in the US?

This comparison covers 10 listed Real Estate - Development companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.