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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | Prologis Inc | $8.5M | 62958 | 9.12% |
| 2 | Equinix Inc | $7.4M | 7090 | 7.90% |
| 3 | Welltower Inc | $7.0M | 31059 | 7.54% |
| 4 | Simon Property Group Inc | $4.5M | 20006 | 4.78% |
| 5 | Realty Income Corp | $4.3M | 68738 | 4.55% |
| 6 | Digital Realty Trust Inc | $3.9M | 21947 | 4.21% |
| 7 | Public Storage | $3.6M | 11313 | 3.85% |
| 8 | Ventas Inc | $2.8M | 31205 | 2.96% |
| 9 | Iron Mountain Inc | $2.6M | 20300 | 2.74% |
| 10 | VICI Properties Inc | $2.5M | 95500 | 2.71% |
| 11 | Healthpeak Properties Inc | $2.0M | 94755 | 2.17% |
| 12 | AvalonBay Communities Inc | $2.0M | 10502 | 2.12% |
| 13 | Equity Residential | $1.8M | 25853 | 1.88% |
| 14 | WP Carey Inc | $1.6M | 22304 | 1.71% |
| 15 | Invitation Homes Inc | $1.6M | 52265 | 1.69% |
| 16 | Extra Space Storage Inc | $1.4M | 9855 | 1.53% |
| 17 | Essex Property Trust Inc | $1.4M | 4850 | 1.51% |
| 18 | Brixmor Property Group Inc | $1.4M | 44211 | 1.49% |
| 19 | Lamar Advertising Co | $1.3M | 8600 | 1.43% |
| 20 | National Retail Properties Inc | $1.2M | 26800 | 1.33% |
| 21 | Host Hotels and Resorts Inc | $1.2M | 51843 | 1.31% |
| 22 | American Homes 4 Rent | $1.1M | 34000 | 1.22% |
| 23 | Omega Healthcare Investors Inc | $1.1M | 23000 | 1.17% |
| 24 | Mid-America Apartment Communities Inc | $1.1M | 7850 | 1.17% |
| 25 | STAG Industrial Inc | $1.0M | 27363 | 1.11% |
| 26 | CubeSmart | $1.0M | 25700 | 1.09% |
| 27 | EPR Properties | $1.0M | 17300 | 1.07% |
| 28 | LXP Industrial Trust | $991K | 18400 | 1.06% |
| 29 | Sabra Health Care REIT Inc | $954K | 48874 | 1.02% |
| 30 | Broadstone Net Lease Inc | $909K | 44000 | 0.97% |
| 31 | Essential Properties Realty Trust Inc | $881K | 29500 | 0.94% |
| 32 | Sila Realty Trust Inc | $880K | 29000 | 0.94% |
| 33 | Camden Property Trust | $862K | 7531 | 0.92% |
| 34 | UDR Inc | $834K | 20888 | 0.89% |
| 35 | Kite Realty Group Trust | $834K | 29400 | 0.89% |
| 36 | LTC Properties Inc | $827K | 21500 | 0.88% |
| 37 | Kimco Realty Corp | $819K | 32295 | 0.88% |
| 38 | Getty Realty Corp | $817K | 24500 | 0.87% |
| 39 | CareTrust REIT Inc | $767K | 19000 | 0.82% |
| 40 | Americold Realty Trust Inc | $742K | 47200 | 0.79% |
| 41 | Millrose Properties Inc | $721K | 24000 | 0.77% |
| 42 | Outfront Media Inc | $714K | 21808 | 0.76% |
| 43 | Cousins Properties Inc | $702K | 23400 | 0.75% |
| 44 | Healthcare Realty Trust Inc | $657K | 32582 | 0.70% |
| 45 | UMH Properties Inc | $644K | 42564 | 0.69% |
| 46 | Chiron Real Estate Inc | $531K | 14140 | 0.57% |
| 47 | Phillips Edison and Co Inc | $520K | 12500 | 0.56% |
| 48 | Four Corners Property Trust Inc | $503K | 20500 | 0.54% |
| 49 | Boston Properties Inc | $465K | 7014 | 0.50% |
| 50 | Alexandria Real Estate Equities Inc | $462K | 8750 | 0.49% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.