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Real estate services

The 51 companies in this industry listed on the NYSE and Nasdaq are worth $122 bn combined; the largest are CBRE Group (CBRE), KE Holdings (BEKE) and Jones Lang LaSalle (JLL). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Open contest
51 companies value 122 bn revenue 130 bn margin 2.0% free cash flow 8.3 bn avg. score 3.0
CBRE holds 31.0% of the group's value, 1.9x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 CBRE CBRE Group
United States · score 5.3
 31% 38 bn 44 bn 3.0% 0.9 bn 2.5% — Largest commercial real estate services and investment company · World's largest commercial real estate services company
2 BEKE KE Holdings
China · score 2.5
 16% 20 bn 14 bn 3.2% -0.1 bn -0.7% 2.1% Platform for buying, selling and renting homes in China · China's largest real estate brokerage platform
3 JLL Jones Lang LaSalle
United States · score 6.8
 11% 14 bn 27 bn 2.9% 1.4 bn 9.8% — Commercial real estate services and investment management · 2nd largest; asset-light model with no property risk
4 CSGP CoStar Group
United States · score 5.2
 11% 13 bn 3.6 bn 2.1% 0.3 bn 2.2% — Commercial real estate data, marketplaces and analytics · Data monopoly in US commercial real estate
5 FSV FirstService Corporation
Canada · score 5.9
 5% 6.1 bn 5.5 bn 3.5% 0.3 bn 5.2% 0.8% Property management for residential communities and property repair and restoration services · North America's largest residential community manager
6 CIGI Colliers International
Canada · score 5.4
 4% 4.6 bn 5.6 bn 4.0% 0.3 bn 5.5% 0.3% Commercial real estate services and investment management · Commercial real estate services with its own investment management arm
7 JOE ST JOE Co
United States · score 6.7
 3% 3.8 bn 0.6 bn 22.5% 0.2 bn 5.5% 0.9% Real estate development and asset management in Florida · Florida — revenue of $548m
8 MRP Millrose Properties, Inc.
United States · score 6.9
 3% 3.6 bn 0.8 bn 62.6% 3.8 bn 102.6% 13.3% Land buying and residential lot development for homebuilders · Maryland — revenue of $761m
9 VTMX Vesta Real Estate Corporation, S.A.B. de C.V.
Mexico · score 6.6
 3% 3.2 bn 0.3 bn 85.4% 0.2 bn 6.5% 2.1% Industrial warehouses for lease in Mexico · Mexico — revenue of $283m
10 CWK Cushman & Wakefield
United States · score 4.8
 2% 2.6 bn 11 bn 0.6% 0.3 bn 9.6% — Commercial real estate services: brokerage and management · One of the world's four big commercial real estate services firms
11 NMRK NEWMARK GROUP, INC.
United States · score 7.1
 2% 2.0 bn 3.6 bn 4.1% 0.8 bn 39.0% — Commercial real estate services: brokerage, management and valuation · New York — revenue of $3.6bn
12 OPEN Opendoor Technologies Inc.
United States · score 0.0
 2% 2.0 bn 3.3 bn -46.7% -0.5 bn -23.8% — Buying and selling homes online; the largest US iBuyer · Arizona — revenue of $3.3bn
13 FOR Forestar Group Inc.
United States · score 6.6
 1% 1.3 bn 1.7 bn 9.9% 0.3 bn 22.1% — Residential lot development for homebuilders · Texas — revenue of $1.7bn
14 IRS IRSA INVESTMENTS & REPRESENTATIONS INC
Argentina · score 7.2
 1% 1.2 bn 0.3 bn 41.9% 0.2 bn 14.6% 12.6% Shopping malls, offices, hotels and land in Argentina · Argentina — revenue of $307m
15 MMI Marcus & Millichap, Inc.
United States · score 6.3
 1% 1.0 bn 0.8 bn 1.8% 0.1 bn 8.2% 2.0% Commercial real estate investment brokerage · California — revenue of $812m
16 SKYH Sky Harbour Group Corp
United States · score 1.8
 1% 0.7 bn 0.0 bn 2.7% -0.0 bn -0.8% — Business aviation hangars in a national network · Nebraska — revenue of $34m
17 AGNT AGNT, Inc.
United States · score 5.2
 1% 0.6 bn 5.0 bn -0.3% 0.1 bn 14.9% 5.1% Real estate brokerage with equity for agents · Washington — revenue of $5bn
18 FPH Five Point Holdings, LLC
United States · score 6.0
 1% 0.6 bn 0.1 bn 45.3% 0.1 bn 10.4% — Development of master-planned mixed-use communities in California · California — revenue of $117m
19 SWRD Stewards, Inc.
United States · score 0.0
 0% 0.5 bn 0.0 bn -175.6% -0.0 bn — -2.3% — Acquisition and operation of real estate in South Florida · Florida — revenue of $17m
20 TRC TEJON RANCH CO
United States · score 0.0
 0% 0.4 bn 0.1 bn 10.6% -0.1 bn -12.3% — Real estate development at Tejon Ranch, in California · California — revenue of $57m
21 TCI TRANSCONTINENTAL REALTY INVESTORS INC
United States · score 2.7
 0% 0.4 bn 0.1 bn 16.1% 0.0 bn 0.5% — Apartments, offices, retail and land in the Southern US, externally managed · Texas — revenue of $50m
22 FRPH FRP HOLDINGS, INC.
United States · score 0.1
 0% 0.4 bn 0.0 bn 0.2% -0.0 bn -11.4% — Industrial and commercial real estate, mining royalties and development · Florida — revenue of $43m
23 RMR RMR GROUP INC.
United States · score 7.9
 0% 0.3 bn 0.6 bn 3.1% 0.1 bn 33.8% 10.5% Holding company for real estate asset management · Massachusetts — revenue of $639m
24 ARL AMERICAN REALTY INVESTORS INC
United States · score 2.9
 0% 0.3 bn 0.1 bn 16.4% 0.0 bn 1.3% — Externally managed integrated real estate company · Texas — revenue of $51m
25 MLP MAUI LAND & PINEAPPLE CO INC
United States · score 0.6
 0% 0.3 bn 0.0 bn -28.7% 0.0 bn -0.8% — Land and agriculture in Hawaii, successor to a business from 1909 · Hawaii — revenue of $16m
26 ALCO ALICO, INC.
United States · score 2.3
 0% 0.3 bn 0.0 bn 9.0% 0.0 bn -1.3% 0.6% Land management and development in Florida; winding down citrus operations · Florida — revenue of $17m
27 CHCI Comstock Holding Companies, Inc.
United States · score 5.9
 0% 0.2 bn 0.1 bn 22.6% 0.0 bn 5.9% — Mixed-use real estate management and development in Washington · Virginia — revenue of $77m
28 DOUG Douglas Elliman Inc.
United States · score 2.6
 0% 0.1 bn 1.0 bn 2.5% -0.0 bn -14.7% — Holding company of Douglas Elliman real estate services · Florida — revenue of $1bn
29 ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Luxembourg · score 0.0
 0% 0.1 bn 0.2 bn -5.8% 0.0 bn -3.6% — Services and marketplace for the real estate and mortgage sectors · Luxembourg — revenue of $182m
30 STHO Star Holdings
United States · score 1.5
 0% 0.1 bn 0.1 bn 14.8% -0.0 bn -15.5% — Management and sale of the real estate portfolio inherited from iStar · New York — revenue of $94m
31 INTG INTERGROUP CORP
United States · score 1.5
 0% 0.1 bn 0.1 bn 2.2% 0.0 bn 1.8% — Hotels and real estate, under family control · California — revenue of $74m
32 LPA Logistic Properties of the Americas
Costa Rica · score 4.9
 0% 0.1 bn 0.1 bn 32.1% — — — — Logistics and industrial warehouses in Latin America · Costa Rica — revenue of $50m
33 AXR AMREP CORP.
United States · score 3.5
 0% 0.1 bn 0.0 bn 14.3% 0.0 bn -0.4% — Land development and homebuilding, since 1961 · Pennsylvania — revenue of $41m
34 BEEP Mobile Infrastructure Corp
United States · score 2.0
 0% 0.1 bn 0.0 bn -67.2% 0.0 bn 0.7% 0.2% Parking and parking infrastructure in the US · Ohio — revenue of $35m
35 OZ Belpointe PREP, LLC
United States · score 0.0
 0% 0.1 bn 0.0 bn -290.5% -0.0 bn -17.8% — Real estate in Opportunity Zones · Connecticut — revenue of $15m
36 MAYS MAYS J W INC
United States · score 0.0
 0% 0.1 bn 0.0 bn -5.4% 0.0 bn -3.8% — Commercial real estate in New York · New York — revenue of $21m
37 SRG Seritage Growth Properties
United States · score 0.0
 0% 0.1 bn 0.0 bn -529.8% -0.0 bn -23.7% — Gradual sale of the former Sears properties under a liquidation plan, collecting rent until sold · New York — revenue of $13m
38 FTHM Fathom Holdings Inc.
United States · score 0.0
 0% 0.0 bn 0.4 bn -6.3% -0.0 bn -219.0% — Real estate platform with brokerage, mortgage and software · North Carolina — revenue of $407m
39 OPAD Offerpad Solutions Inc.
United States · score 4.4
 0% 0.0 bn 0.4 bn -9.8% 0.1 bn 603.2% — Cash offers, brokerage and home renovation · Arizona — revenue of $405m
40 LGPS LOGPROSTYLE INC.
Japan · score 0.5
 0% 0.0 bn 0.1 bn 3.4% -0.0 bn -155.5% 3.2% Residential real estate development and resale in Japan · Japan — revenue of $141m
41 LRHC La Rosa Holdings Corp.
United States · score 0.0
 0% 0.0 bn 0.1 bn -42.2% -0.0 bn -13x — Real estate services holding company with cloud technology · Florida — revenue of $69m
42 DUO Fangdd Network Group Ltd.
China · score 0.0
 0% 0.0 bn 0.0 bn -30.0% -0.0 bn -70.9% — Online real estate services in China · China — revenue of $39m
43 LHAI Linkhome Holdings Inc.
United States · score 1.1
 0% 0.0 bn 0.0 bn -1.4% 0.0 bn -16.0% — AI-powered real estate technology · California — revenue of $21m
44 OMH Ohmyhome Ltd
Singapore · score 0.0
 0% 0.0 bn 0.0 bn -115.1% 0.0 bn -55.3% — Data-driven real estate technology, from Singapore · Singapore — revenue of $6m
45 AIRE reAlpha Tech Corp.
United States · score 0.0
 0% 0.0 bn 0.0 bn -403.4% -0.0 bn -210.6% — Technology platform for buying homes · Ohio — revenue of $4m
46 FCUV FOCUS UNIVERSAL INC.
United States · score 0.0
 0% 0.0 bn 0.0 bn -636.9% -0.0 bn -314.4% — Rental of a property bought in April 2026, plus IoT instruments and SEC reporting software · California
47 GYRO Gyrodyne, LLC
United States · score 5.0
 0% 0.0 bn — — — — — — Medical and industrial real estate on Long Island and in Westchester · New York
48 NEN NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
United States · score 1.5
 — — 0.1 bn -7.3% 0.0 bn — — Apartments and commercial properties in the Boston area, held as a limited partnership · Massachusetts — revenue of $96m
49 UK Ucommune International Ltd
China · score 0.9
 — — 0.0 bn -150.3% 0.0 bn — — Coworking spaces in China · China — revenue of $4m
50 FGC FG Communities Holdings Inc.
United States · score 0.9
 — — 0.0 bn -49x -0.0 bn — — Buys and runs affordable manufactured-housing communities (formerly FG Nexus) · North Carolina — revenue of $2m
51 GBR New Concept Energy, Inc.
United States · score 1.5
 — — 0.0 bn -56.1% 0.0 bn — — Land and building leased in West Virginia, plus a management fee on oil operations it sold · Texas

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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