5 Cheap REITs with Huge Upside

1. BXP Inc. (NYSE:BXP)

BXP Inc. (NYSE:BXP) is one of the 10 cheap REITs with huge upside.

On March 2, Scotiabank reduced its price target on BXP Inc. (NYSE:BXP) from $74 to $65. The firm maintained a Sector Perform rating on the stock that yields an adjusted upside potential of 25%.

The firm also revised its set of targets for all its U.S. real estate and REIT coverage based on the fourth quarter announcements. Scotiabank believes that REITs should focus on improved development yields to preserve near-term funds from operations per share, and that external expansion through acquisition-driven growth currently offers a more attractive thematic story.

On February 24, Mizuho analyst Vikram Malhotra downgraded BXP Inc. (NYSE:BXP) from an Outperform rating to a Neutral rating. The analyst reduced his price target from $79 to $62, resulting in a revised upside of more than 19%.

Malhotra said the rapid advancement of AI models could emerge as a potential disruptor for office-related jobs and, over time, demand for office real estate. While the analyst does not currently expect a direct impact on cash flows, he believes the shift could pressure valuation multiples across office REITs. He added that even modest changes in job growth could lead to structurally higher vacancy levels, ultimately limiting rent growth and creating further downside risk for the group.

BXP Inc. (NYSE:BXP) is a unified real estate investment trust that focuses on the development, ownership, and management of premier workplaces. It is also reputed for swift customer service and in-house building management expertise. The company has an impressive track record of delivering value across office, mixed-use, and residential real estate.

While we acknowledge the potential of BXP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BXP and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 12 Oversold Financial Stocks to Invest in According to Hedge Funds.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.