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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Welltower Inc. | $7.09B | 35845277 | 12.31% |
| 2 | Digital Realty Trust Inc. | $5.08B | 28177457 | 8.82% |
| 3 | Crown Castle Inc. | $3.28B | 40364357 | 5.70% |
| 4 | Prologis Inc. | $3.08B | 23288074 | 5.35% |
| 5 | Equinix Inc. | $2.78B | 2831410 | 4.82% |
| 6 | American Tower Corporation | $2.18B | 12619866 | 3.78% |
| 7 | Extra Space Storage Inc. | $2.15B | 16412456 | 3.74% |
| 8 | Iron Mountain Incorporated | $1.65B | 16169341 | 2.87% |
| 9 | Sun Communities Inc. | $1.52B | 12063415 | 2.64% |
| 10 | Agree Realty Corp. | $1.35B | 17864344 | 2.34% |
| 11 | Kimco Realty Corporation | $1.21B | 53713713 | 2.10% |
| 12 | Public Storage | $1.19B | 4409277 | 2.07% |
| 13 | Essex Property Trust Inc. | $1.17B | 4843126 | 2.04% |
| 14 | Simon Property Group Inc. | $1.10B | 5882007 | 1.91% |
| 15 | BXP, Inc. | $1.08B | 20849327 | 1.88% |
| 16 | Host Hotels & Resorts Inc. | $1.06B | 55124367 | 1.83% |
| 17 | Essential Properties Realty | $898.9M | 29607357 | 1.56% |
| 18 | Healthcare Realty Trust Inc. | $891.1M | 52446482 | 1.55% |
| 19 | Invitation Homes Inc | $874.2M | 35178976 | 1.52% |
| 20 | UDR Inc. | $701.5M | 20765298 | 1.22% |
| 21 | Equity Lifestyle Properties | $688.6M | 11031032 | 1.20% |
| 22 | Eastgroup Properties Inc. | $678.8M | 3667151 | 1.18% |
| 23 | NextEra Energy Inc. | $644.3M | 6936849 | 1.12% |
| 24 | Kite Realty Group Trust | $638.4M | 26005377 | 1.11% |
| 25 | Outfront Media Inc | $570.3M | 21519564 | 0.99% |
| 26 | SBA Communications Corporation | $539.3M | 3133241 | 0.94% |
| 27 | Omega Healthcare Investors | $524.9M | 11977541 | 0.91% |
| 28 | Ventas Inc. | $491.1M | 6005439 | 0.85% |
| 29 | The Williams Companies Inc. | $478.8M | 6578577 | 0.83% |
| 30 | Weyerhaeuser Company | $470.9M | 19275260 | 0.82% |
| 31 | Rayonier Inc. | $447.3M | 21691004 | 0.78% |
| 32 | Caretrust REIT Inc | $439.2M | 11983376 | 0.76% |
| 33 | Realty Income Corporation | $407.7M | 6663458 | 0.71% |
| 34 | Equity Residential | $381.6M | 6451417 | 0.66% |
| 35 | Gaming and Leisure Prop | $364.2M | 8207449 | 0.63% |
| 36 | Entergy Corporation | $341.4M | 3038377 | 0.59% |
| 37 | CSX Corporation | $337.8M | 8229214 | 0.59% |
| 38 | Union Pacific Corporation | $325.8M | 1342825 | 0.57% |
| 39 | Caesars Entertainment Inc | $322.8M | 12212160 | 0.56% |
| 40 | Sempra Energy | $322.5M | 3319062 | 0.56% |
| 41 | Acadia Realty Trust | $311.0M | 16267828 | 0.54% |
| 42 | Lamar Advertising Co | $305.3M | 2410089 | 0.53% |
| 43 | Pacs Group Inc | $293.0M | 9123136 | 0.51% |
| 44 | Netstreit Corp | $278.7M | 14800212 | 0.48% |
| 45 | Highwoods Properties Inc. | $265.7M | 12410383 | 0.46% |
| 46 | Targa Resources Corp. | $259.1M | 1033297 | 0.45% |
| 47 | Alliant Energy Corporation | $235.1M | 3276260 | 0.41% |
| 48 | Kilroy Realty Corp. | $224.1M | 7945504 | 0.39% |
| 49 | NiSource Inc. | $219.2M | 4697973 | 0.38% |
| 50 | Norfolk Southern Corporation | $213.6M | 744140 | 0.37% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.