Xinyuan Real Estate (XIN) has been growing its book value steadily and consistently for 16 consecutive quarters. It pays quarterly dividends and does share buybacks. It is conservatively managed and has built a strong balance sheet. It trades at 1.87x P/E and 0.36x P/B. The current share price of $4.16 is about 68% of its unencumbered cash on the balance sheet.
