| CBRE GROUP, INC. (CBRE) | $39.90B | 2.9% | 33.4× | $41.83B |
| JONES LANG LASALLE INC (JLL) | $26.12B | 3.0% | 18.8× | $17.76B |
| KE Holdings Inc. (BEKE) | $13.52B | 3.2% | 27.7× | $19.56B |
| AMERICAN TOWER CORP /MA/ (AMT) | $10.64B | 24.7% | 24.1× | $82.02B |
| Cushman & Wakefield Ltd. (CWK) | $10.29B | 0.9% | 48.2× | $3.17B |
| EQUINIX INC (EQIX) | $9.22B | 14.6% | 67.6× | $101.39B |
| Prologis, Inc. (PLD) | $8.79B | 37.9% | 31.1× | $135.78B |
| WELLTOWER INC. (WELL) | $8.45B | 11.1% | 108.3× | $173.24B |
| Blackstone Real Estate Income Trust, Inc. (BSTT) | $7.96B | -41.2% | — | — |
| Compass, Inc. (COMP) | $6.96B | -0.8% | — | $8.11B |
| WEYERHAEUSER CO (WY) | $6.91B | 4.7% | 35.9× | $17.08B |
| IRON MOUNTAIN INC (IRM) | $6.90B | 2.2% | 81.0× | $34.00B |
| SIMON PROPERTY GROUP INC. (SPG) | $6.36B | 84.3% | 15.0× | $80.43B |
| HOST HOTELS & RESORTS, INC. (HST) | $6.11B | 12.5% | 15.1× | $15.58B |
| DIGITAL REALTY TRUST, INC. (DLR) | $6.11B | 21.4% | 90.7× | $69.21B |
| Ventas, Inc. (VTR) | $5.83B | 4.5% | 167.4× | $47.23B |
| REALTY INCOME CORP (O) | $5.75B | 18.4% | 44.8× | $58.06B |
| Colliers International Group Inc. (CIGI) | $5.56B | 4.0% | 48.9× | $5.14B |
| FirstService Corp (FSV) | $5.50B | 3.5% | 40.8× | $6.27B |
| Lineage, Inc. (LINE) | $5.36B | -1.9% | — | $10.17B |
| Public Storage (PSA) | $4.82B | 37.0% | 29.3× | $55.74B |
| AGNT, Inc. (AGNT) | $4.77B | -0.5% | — | $703.6M |
| MARRIOTT VACATIONS WORLDWIDE Corp (VAC) | $4.67B | -6.6% | — | $3.83B |
| Rithm Capital Corp. (RITM) | $4.59B | 15.2% | 16.7× | $5.59B |
| Opendoor Technologies Inc. (OPEN) | $4.37B | -29.7% | — | $3.31B |
| CROWN CASTLE INC. (CCI) | $4.26B | 10.4% | 31.0× | $33.14B |
| VICI PROPERTIES INC. (VICI) | $4.01B | 69.3% | 9.9× | $28.12B |
| BXP, Inc. (BXP) | $3.48B | 7.9% | 37.3× | $12.54B |
| Extra Space Storage Inc. (EXR) | $3.38B | 28.8% | 31.1× | $30.92B |
| AVALONBAY COMMUNITIES INC (AVB) | $3.04B | 34.7% | 25.2× | $26.28B |
| ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) | $3.03B | -47.2% | — | $8.83B |
| HEALTHPEAK PROPERTIES, INC. (DOC) | $2.82B | 2.5% | 59.5× | $14.76B |
| SBA COMMUNICATIONS CORP (SBAC) | $2.82B | 37.4% | 20.4× | $20.03B |
| NEWMARK GROUP, INC. (NMRK) | $2.77B | 4.6% | 19.0× | $3.68B |
| Invitation Homes Inc. (INVH) | $2.73B | 21.5% | 26.7× | $17.31B |
| Ryman Hospitality Properties, Inc. (RHP) | $2.58B | 9.4% | 31.5× | $8.92B |
| AMERICOLD REALTY TRUST (COLD) | $2.54B | -4.5% | — | $4.38B |
| SUN COMMUNITIES INC (SUI) | $2.31B | 61.3% | 160.6× | $15.82B |
| LAMAR ADVERTISING CO/NEW (LAMR) | $2.27B | 25.9% | 27.6× | $15.34B |
| CoreCivic, Inc. (CXW) | $2.21B | 5.3% | 27.0× | $3.36B |
| MID AMERICA APARTMENT COMMUNITIES INC. (MAA) | $2.21B | 20.2% | 38.6× | $15.64B |
| KIMCO REALTY CORP (KIM) | $2.14B | 27.3% | 27.9× | $16.12B |
| American Healthcare REIT, Inc. (AHR) | $2.09B | 3.3% | 83.1× | $12.31B |
| Real Brokerage Inc (REAX) | $1.97B | -0.4% | — | $459.6M |
| ESSEX PROPERTY TRUST, INC. (ESS) | $1.89B | 37.2% | 44.1× | $19.23B |
| STARWOOD PROPERTY TRUST, INC. (STWD) | $1.84B | 22.3% | 26.8× | $6.00B |
| OUTFRONT Media Inc. (OUT) | $1.83B | 8.0% | 21.3× | $5.21B |
| VORNADO REALTY TRUST (VNO) | $1.81B | 50.0% | 1298.3× | $7.71B |
| W. P. Carey Inc. (WPC) | $1.72B | 27.2% | 24.1× | $16.03B |
| UDR, Inc. (UDR) | $1.71B | 22.1% | 24.2× | $13.93B |
| Gaming & Leisure Properties, Inc. (GLPI) | $1.59B | 51.7% | 12.4× | $12.60B |
| Starwood Real Estate Income Trust, Inc. (SWDS) | $1.58B | -43.7% | — | — |
| REGENCY CENTERS CORP (REG) | $1.55B | 34.0% | 25.8× | $14.28B |
| Forestar Group Inc. (FOR) | $1.54B | 10.9% | 8.6× | $1.46B |
| DIVERSIFIED HEALTHCARE TRUST (DHC) | $1.54B | -18.6% | — | $1.85B |
| EQUITY LIFESTYLE PROPERTIES INC (ELS) | $1.53B | 26.3% | 30.8× | $12.72B |
| Pebblebrook Hotel Trust (PEB) | $1.48B | -4.5% | — | $2.09B |
| Howard Hughes Holdings Inc. (HHH) | $1.47B | 8.4% | 12.8× | $3.87B |
| Service Properties Trust (SVC) | $1.41B | -14.3% | — | $1.02B |
| Apple Hospitality REIT, Inc. (APLE) | $1.41B | 12.4% | 22.5× | $3.77B |
| Brixmor Property Group Inc. (BRX) | $1.37B | 28.2% | 20.8× | $8.93B |
| RLJ Lodging Trust (RLJ) | $1.35B | 2.1% | 1146.0× | $1.76B |
| FEDERAL REALTY INVESTMENT TRUST (FRT) | $1.28B | 32.1% | 23.4× | $10.14B |
| OMEGA HEALTHCARE INVESTORS INC (OHI) | $1.19B | 49.6% | 16.7× | $15.00B |
| Healthcare Realty Trust Inc (HR) | $1.18B | -20.8% | — | $6.59B |
| CubeSmart (CUBE) | $1.12B | 29.5% | 27.2× | $8.99B |
| DiamondRock Hospitality Co (DRH) | $1.12B | 9.1% | 17.6× | $2.61B |
| KILROY REALTY CORP (KRC) | $1.11B | 0.0% | 25.3× | $4.25B |
| ASHFORD HOSPITALITY TRUST INC (AHT) | $1.10B | -16.3% | — | $21.8M |
| Douglas Elliman Inc. (DOUG) | $1.03B | 1.5% | 6.3× | $166.3M |
| MACERICH CO (MAC) | $1.01B | -19.4% | — | $7.01B |
| Douglas Emmett Inc (DEI) | $1.00B | 1.6% | 130.7× | $2.36B |
| Rexford Industrial Realty, Inc. (REXR) | $1.00B | 21.1% | 43.2× | $8.49B |
| SL GREEN REALTY CORP (SLG) | $1.00B | -9.7% | — | $4.41B |
| COUSINS PROPERTIES INC (CUZ) | $993.8M | 4.1% | 736.0× | $4.85B |
| MEDICAL PROPERTIES TRUST INC (MPT) | $972.0M | -28.5% | — | $2.44B |
| NNN REIT, INC. (NNN) | $926.2M | 42.1% | 22.5× | $8.69B |
| STAG Industrial, Inc. (STAG) | $845.2M | 32.4% | 28.6× | $7.32B |
| KITE REALTY GROUP TRUST (KRG) | $844.4M | 35.4% | 16.3× | $5.34B |
| Hudson Pacific Properties, Inc. (HPP) | $831.1M | -71.3% | — | $1.46B |
| HIGHWOODS PROPERTIES, INC. (HIW) | $806.1M | 20.2% | 20.6× | $3.50B |
| Sabra Health Care REIT, Inc. (SBRA) | $774.6M | 20.1% | 79.3× | $5.27B |
| Empire State Realty OP, L.P. (ESBA) | $766.8M | 9.5% | 214.5× | $1.20B |
| Empire State Realty Trust, Inc. (ESRT) | $766.8M | 9.5% | 219.5× | $1.34B |
| COPT DEFENSE PROPERTIES (CDP) | $763.9M | 20.9% | 25.4× | $4.24B |
| Marcus & Millichap, Inc. (MMI) | $755.2M | -0.3% | — | $1.23B |
| National Storage Affiliates Trust (NSA) | $752.9M | 9.8% | 57.9× | $6.39B |
| Summit Hotel Properties, Inc. (INN) | $729.5M | -1.6% | — | $653.6M |
| FIRST INDUSTRIAL REALTY TRUST INC (FR) | $727.1M | 34.0% | 22.5× | $8.49B |
| Phillips Edison & Company, Inc. (PECO) | $726.6M | 15.3% | 34.3× | $5.53B |
| EASTGROUP PROPERTIES INC (EGP) | $721.3M | 35.7% | 35.1× | $10.75B |
| EPR PROPERTIES (EPR) | $718.4M | 38.3% | 19.1× | $4.56B |
| AGREE REALTY CORP (ADC) | $718.2M | 28.5% | 39.4× | $9.13B |
| Braemar Hotels & Resorts Inc. (BHR) | $704.0M | -3.2% | — | $149.1M |
| INDEPENDENCE REALTY TRUST, INC. (IRT) | $657.7M | 8.6% | 90.6× | $3.94B |
| Janus Living, Inc. (JAN) | $604.0M | 1.1% | — | $9.59B |
| Millrose Properties, Inc. (MRP) | $600.5M | 63.3% | 10.7× | $5.08B |
| CBL & ASSOCIATES PROPERTIES INC (CBL) | $578.4M | 23.5% | 7.9× | $1.70B |
| Offerpad Solutions Inc. (OPAD) | $567.8M | -8.2% | — | $21.3M |
| Piedmont Realty Trust, Inc. (PDM) | $565.0M | -14.8% | — | $1.20B |
| ESSENTIAL PROPERTIES REALTY TRUST, INC. (EPRT) | $561.2M | 45.1% | 23.4× | $6.51B |
| ST JOE Co (JOE) | $513.2M | 22.5% | 31.6× | $3.76B |
| Kennedy-Wilson Holdings, Inc. (KW) | $501.0M | 4.8% | — | — |
| Ares Real Estate Income Trust Inc. (ZARE) | $498.8M | -13.6% | — | — |
| JBG SMITH Properties (JBGS) | $498.6M | -27.9% | — | $909.0M |
| Global Net Lease, Inc. (GNL) | $495.3M | -45.5% | — | $2.12B |
| BRANDYWINE REALTY TRUST (BDN) | $484.5M | -36.8% | — | $528.5M |
| RAYONIER INC (RYN) | $483.0M | 98.2% | 44.3× | $6.10B |
| CareTrust REIT, Inc. (CTRE) | $476.4M | 67.3% | 24.3× | $9.20B |
| Terreno Realty Corp (TRNO) | $476.4M | 84.6% | 17.9× | $7.21B |
| Urban Edge Properties (UE) | $471.9M | 19.8% | 40.7× | $2.91B |
| Broadstone Net Lease, Inc. (BNL) | $454.1M | 21.2% | 27.8× | $4.49B |
| OFFICE PROPERTIES INCOME TRUST (OPI) | $442.6M | -61.5% | — | $387.9M |
| American Assets Trust, Inc. (AAT) | $436.2M | 16.4% | 74.8× | $1.74B |
| HINES GLOBAL INCOME TRUST, INC. (HGIT) | $425.2M | 4.1% | — | — |
| Fathom Holdings Inc. (FTHM) | $420.5M | -4.8% | — | $23.1M |
| CIM GROUP, INC. (CMRF) | $416.0M | 12.6% | 17.5× | $1.00B |
| ACADIA REALTY TRUST (AKR) | $410.8M | 4.1% | 58.5× | $2.98B |
| Claros Mortgage Trust, Inc. (CMTG) | $389.5M | — | — | $224.3M |
| Safehold Inc. (SAFE) | $385.6M | 29.7% | 9.5× | $1.07B |
| NATIONAL HEALTH INVESTORS INC (NHI) | $375.6M | 37.9% | 20.9× | $3.49B |
| LXP Industrial Trust (LXP) | $350.2M | 32.3% | 61.3× | $3.58B |
| National Healthcare Properties, Inc. (NHP) | $342.3M | -16.9% | — | $1.17B |
| Easterly Government Properties, Inc. (DEA) | $336.1M | 3.9% | 129.1× | $1.20B |
| BrightSpire Capital, Inc. (BRSP) | $330.6M | -9.4% | — | $601.0M |
| InvenTrust Properties Corp. (IVT) | $299.2M | 37.2% | 170.1× | $2.52B |
| Chatham Lodging Trust (CLDT) | $295.1M | 5.1% | 170.9× | $669.3M |
| Four Corners Property Trust, Inc. (FCPT) | $294.1M | 38.2% | 23.0× | $2.73B |
| RE/MAX Holdings, Inc. (RMAX) | $291.6M | 4.6% | — | $681.2M |
| SAUL CENTERS, INC. (BFS) | $289.8M | 12.9% | 34.3× | $1.16B |
| AH Realty Trust, Inc. (AHRT) | $285.2M | 2.0% | — | $627.2M |
| SmartStop Self Storage REIT, Inc. (SMA) | $281.1M | -3.1% | — | $1.88B |
| CENTERSPACE (CSR) | $273.7M | 6.2% | 41.0× | $928.8M |
| Apollo Commercial Real Estate Finance, Inc. (ARI) | $271.6M | 46.7% | 8.6× | $887.0M |
| Franklin BSP Realty Trust, Inc. (FBRT) | $270.1M | 30.5% | 19.5× | $695.1M |
| INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) | $266.0M | 44.5% | 12.7× | $1.57B |
| LTC PROPERTIES INC (LTC) | $262.9M | 44.9% | 14.5× | $2.18B |
| UMH PROPERTIES, INC. (UMH) | $261.8M | 2.3% | 138.8× | $1.42B |
| NexPoint Residential Trust, Inc. (NXRT) | $251.3M | -12.7% | — | $1.25B |
| KBS Real Estate Investment Trust III, Inc. (KBSR) | $250.0M | -31.5% | — | $133.7M |
| Elme Communities (ELME) | $241.9M | -5.4% | — | $149.3M |
| GETTY REALTY CORP /MD/ (GTY) | $221.7M | 35.7% | 20.0× | $2.04B |
| ALEXANDERS INC (ALX) | $213.2M | 13.2% | 8.2× | $1.38B |
| Sila Realty Trust, Inc. (SILA) | $197.5M | 16.8% | — | — |
| NETSTREIT Corp. (NTST) | $195.0M | 3.6% | 146.6× | $2.09B |
| Curbline Properties Corp. (CURB) | $182.9M | 21.8% | 111.6× | $3.46B |
| Sotherly Hotels Inc. (SOHON) | $176.4M | -4.4% | — | — |
| GLADSTONE COMMERCIAL CORP (GOOD) | $161.3M | 12.0% | 51.9× | $633.8M |
| Whitestone REIT (WSR) | $160.9M | 31.0% | 19.8× | $988.0M |
| Strawberry Fields REIT, Inc. (STRW) | $155.0M | 4.9% | 21.0× | $769.8M |
| Inland Real Estate Income Trust, Inc. (INRE) | $153.6M | -7.2% | — | $382.8M |
| Clipper Realty Inc. (CLPR) | $153.2M | -34.2% | — | $142.7M |
| CTO Realty Growth, Inc. (CTO) | $149.5M | 6.7% | 15.8× | $813.8M |
| Chiron Real Estate Inc. (XRN) | $148.2M | -4.6% | — | $533.2M |
| Orion Properties Inc. (ONL) | $147.6M | -94.4% | — | $164.9M |
| APARTMENT INVESTMENT & MANAGEMENT CO (AIV) | $138.5M | — | 23.2× | $393.4M |
| SITE Centers Corp. (SITC) | $123.6M | — | 1.2× | $154.8M |
| Community Healthcare Trust Inc (CHCT) | $121.2M | 4.2% | 22.3× | $428.1M |
| Net Lease Office Properties (NLOP) | $118.9M | — | — | $170.5M |
| Creative Media & Community Trust Corp (CMCT) | $116.7M | -33.4% | — | $12.0M |
| BOSTON OMAHA Corp (BOC) | $114.4M | -10.9% | — | $412.7M |
| Star Holdings (STHO) | $110.1M | -58.3% | — | $119.1M |
| Five Point Holdings, LLC (FPH) | $108.2M | 65.6% | 7.0× | $746.9M |
| FRANKLIN STREET PROPERTIES CORP /MA/ (FSP) | $107.2M | -42.0% | — | $42.8M |
| Wheeler Real Estate Investment Trust, Inc. (WHLR) | $99.4M | 8.8% | — | $826,094 |
| UNIVERSAL HEALTH REALTY INCOME TRUST (UHT) | $99.2M | 17.8% | 29.8× | $576.2M |
| Cantor Fitzgerald Income Trust, Inc. (CFTR-PA) | $97.9M | -8.6% | — | — |
| BRT Apartments Corp. (BRT) | $97.0M | -12.3% | — | $274.2M |
| Postal Realty Trust, Inc. (PSTL) | $95.8M | 14.8% | 44.0× | $946.1M |
| NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) | $89.2M | 6.8% | — | $192.3M |
| GLADSTONE LAND Corp (LAND) | $88.3M | 15.3% | — | $382.6M |
| NEXPOINT DIVERSIFIED REAL ESTATE TRUST (NXDT) | $86.0M | — | — | $290.0M |
| ACRES Commercial Realty Corp. (ACR) | $79.9M | 35.0% | 464.3× | $99.3M |
| La Rosa Holdings Corp. (LRHC) | $68.5M | -44.6% | — | $1.6M |
| Bluerock Homes Trust, Inc. (BHM) | $68.1M | -47.8% | — | $97.5M |
| FrontView REIT, Inc. (FVR) | $67.1M | -5.7% | — | $595.4M |
| INTERGROUP CORP (INTG) | $64.4M | -8.3% | — | $75.1M |
| Comstock Holding Companies, Inc. (CHCI) | $62.9M | 27.1% | 8.4× | $204.0M |
| Alpine Income Property Trust, Inc. (PINE) | $60.5M | -4.4% | — | $368.0M |
| Ares Commercial Real Estate Corp (ACRE) | $54.8M | -1.6% | — | $248.0M |
| REGIONAL HEALTH PROPERTIES, INC (RHEP) | $53.2M | 6.3% | 1.0× | $4.1M |
| AMREP CORP. (AXR) | $52.8M | 19.5% | 12.1× | $122.7M |
| Farmland Partners Inc. (FPI) | $52.2M | 60.5% | 20.1× | $450.2M |
| Fangdd Network Group Ltd. (DUO) | $50.7M | -23.9% | — | $22.4M |
| AMERICAN REALTY INVESTORS INC (ARL) | $50.0M | 31.4% | 29.5× | — |
| TEJON RANCH CO (TRC) | $49.6M | 0.2% | 73.6× | $437.7M |
| NewLake Capital Partners, Inc. (NLCP) | $49.5M | 53.1% | 13.3× | $329.2M |
| TRANSCONTINENTAL REALTY INVESTORS INC (TCI) | $49.1M | 28.1% | 35.4× | $317.1M |
| NAM TAI PROPERTY INC. (NTPIF) | $48.0M | 0.2% | 2500.0× | $274.5M |
| MODIV INDUSTRIAL, INC. (MDV) | $46.4M | 2.3% | 50.1× | $215.1M |
| PORTSMOUTH SQUARE INC (PRSI) | $46.4M | -19.6% | — | $5.0M |
| FRP HOLDINGS, INC. (FRPH) | $42.8M | 7.8% | 2223.0× | $426.8M |
| SELECTIS HEALTH, INC. (GBCS) | $41.4M | -2.5% | — | $16.6M |
| Strategic Student & Senior Housing Trust, Inc. (STSR) | $37.7M | -15.3% | — | $34.4M |
| Mobile Infrastructure Corp (BEEP) | $35.1M | -61.1% | — | $124.7M |
| PROCACCIANTI HOTEL REIT, INC. (PRXA) | $32.8M | 5.7% | — | — |
| Lightstone Value Plus REIT IV, Inc. (LTSV) | $30.5M | -12.2% | — | $24.9M |
| Strategic Storage Trust VI, Inc. (SGST) | $30.5M | -78.6% | — | — |
| STRATUS PROPERTIES INC (STRS) | $29.9M | 40.1% | 7.1× | $150.6M |
| CEDAR REALTY TRUST, INC. (CDR-PB) | $29.7M | -6.3% | — | — |
| Seven Hills Realty Trust (SEVN) | $29.4M | 52.5% | 11.1× | $171.7M |
| FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS) | $29.3M | 12.0% | 44.3× | $159.0M |
| Reitar Logtech Holdings Ltd (RITR) | $28.3M | -68.9% | — | $5.5M |
| Terra Property Trust, Inc. (TPTS) | $28.3M | -98.3% | — | — |
| Sky Harbour Group Corp (SKYH) | $27.5M | 68.3% | 114.7× | $842.4M |
| InPoint Commercial Real Estate Income, Inc. (ICR-PA) | $23.0M | -6.8% | — | — |
| MAYS J W INC (MAYS) | $22.5M | -0.6% | — | $85.3M |
| MacKenzie Realty Capital, Inc. (MKZR) | $22.1M | — | — | $3.4M |
| Sunrise Realty Trust, Inc. (SUNS) | $21.6M | 56.3% | 7.9× | $101.4M |
| Linkhome Holdings Inc. (LHAI) | $21.0M | 0.4% | — | $14.4M |
| MAUI LAND & PINEAPPLE CO INC (MLP) | $19.5M | -54.4% | — | $313.0M |
| Seritage Growth Properties (SRG) | $18.2M | — | — | $113.8M |
| BIMINI CAPITAL MANAGEMENT, INC. (BMNM) | $16.6M | 35.0% | 5.4× | $34.7M |
| CaliberCos Inc. (CWD) | $15.2M | — | — | $5.3M |
| HG Holdings, Inc. (STLY) | $14.7M | 11.3% | 8.9× | $18.9M |
| Presidio Property Trust, Inc. (SQFT) | $14.0M | -59.0% | — | $2.2M |
| SUNRISE REAL ESTATE GROUP INC (SRRE) | $13.3M | -62.6% | — | $5.5M |
| CAMDEN PROPERTY TRUST (CPT) | $13.0M | — | 35.0× | $12.24B |
| Global Self Storage, Inc. (SELF) | $12.7M | 16.0% | 30.5× | $62.7M |
| Medalist Diversified, Inc. (MDRR) | $10.4M | -23.0% | — | $26.9M |
| Alset Inc. (AEI) | $4.5M | — | — | $55.2M |
| Trinity Place Holdings Inc. (TPHS) | $3.5M | — | — | $2.8M |
| Winning Catering Group, Inc. (WNHK) | $21,290 | — | — | — |
| American Homes 4 Rent (AMH) | — | — | 26.5× | — |
| Sachem Capital Corp. (SACH) | — | — | 22.4× | $42.9M |
| VIVMARK RESIDENTIAL (VMRK) | — | — | 25.0× | $50.51B |
