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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Prologis Inc | $17.5M | 129053 | 9.00% |
| 2 | Equinix Inc | $14.9M | 14314 | 7.68% |
| 3 | Welltower Inc | $13.7M | 60253 | 7.04% |
| 4 | Simon Property Group Inc | $9.5M | 42508 | 4.89% |
| 5 | Realty Income Corp | $8.8M | 141870 | 4.52% |
| 6 | Digital Realty Trust Inc | $8.5M | 47119 | 4.35% |
| 7 | Public Storage | $7.4M | 23389 | 3.83% |
| 8 | Ventas Inc | $5.9M | 66679 | 3.05% |
| 9 | Iron Mountain Inc | $5.4M | 42500 | 2.76% |
| 10 | VICI Properties Inc | $5.0M | 188000 | 2.57% |
| 11 | Healthpeak Properties Inc | $4.3M | 201473 | 2.22% |
| 12 | AvalonBay Communities Inc | $4.2M | 22120 | 2.15% |
| 13 | Equity Residential | $3.7M | 54056 | 1.89% |
| 14 | WP Carey Inc | $3.3M | 45800 | 1.69% |
| 15 | Extra Space Storage Inc | $3.2M | 22340 | 1.67% |
| 16 | Invitation Homes Inc | $3.2M | 107110 | 1.66% |
| 17 | Essex Property Trust Inc | $3.0M | 10395 | 1.56% |
| 18 | Brixmor Property Group Inc | $3.0M | 96000 | 1.56% |
| 19 | Lamar Advertising Co | $2.8M | 17700 | 1.42% |
| 20 | National Retail Properties Inc | $2.5M | 54700 | 1.31% |
| 21 | Host Hotels and Resorts Inc | $2.5M | 104998 | 1.28% |
| 22 | American Homes 4 Rent | $2.4M | 73000 | 1.26% |
| 23 | Mid-America Apartment Communities Inc | $2.3M | 16640 | 1.19% |
| 24 | Omega Healthcare Investors Inc | $2.2M | 46300 | 1.14% |
| 25 | CubeSmart | $2.1M | 53800 | 1.10% |
| 26 | STAG Industrial Inc | $2.1M | 53880 | 1.06% |
| 27 | Kite Realty Group Trust | $1.9M | 67500 | 0.99% |
| 28 | EPR Properties | $1.9M | 32962 | 0.98% |
| 29 | Sabra Health Care REIT Inc | $1.9M | 97730 | 0.98% |
| 30 | Broadstone Net Lease Inc | $1.9M | 90000 | 0.96% |
| 31 | Sila Realty Trust Inc | $1.8M | 60000 | 0.94% |
| 32 | Essential Properties Realty Trust Inc | $1.8M | 60500 | 0.93% |
| 33 | LXP Industrial Trust | $1.8M | 33400 | 0.93% |
| 34 | Gaming and Leisure Properties Inc | $1.8M | 40172 | 0.92% |
| 35 | UDR Inc | $1.7M | 43605 | 0.90% |
| 36 | Camden Property Trust | $1.7M | 15086 | 0.89% |
| 37 | LTC Properties Inc | $1.7M | 44500 | 0.88% |
| 38 | Kimco Realty Corp | $1.7M | 65731 | 0.86% |
| 39 | CareTrust REIT Inc | $1.7M | 41000 | 0.85% |
| 40 | Americold Realty Trust Inc | $1.6M | 102000 | 0.82% |
| 41 | Getty Realty Corp | $1.6M | 47000 | 0.81% |
| 42 | Millrose Properties Inc | $1.5M | 49500 | 0.77% |
| 43 | Outfront Media Inc | $1.4M | 42617 | 0.72% |
| 44 | UMH Properties Inc | $1.3M | 88900 | 0.69% |
| 45 | Healthcare Realty Trust Inc | $1.3M | 64719 | 0.67% |
| 46 | Cousins Properties Inc | $1.2M | 40977 | 0.63% |
| 47 | Four Corners Property Trust Inc | $1.1M | 44500 | 0.56% |
| 48 | Phillips Edison and Co Inc | $1.1M | 25500 | 0.55% |
| 49 | Chiron Real Estate Inc | $1.0M | 27800 | 0.54% |
| 50 | Alexandria Real Estate Equities Inc | $988K | 18700 | 0.51% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.