Q4 2025 · 13F-HR
LDR Capital Management LLCholdings as filed
Filed 2026-01-22 · accession 0001172661-26-000264
$72.2M
Reported value
41
Positions
2025-12-31
Period end
The Brief · LDR Capital Management LLC · Q4 2025
AI · grounded in 13F
LDR Capital Management LLC closed its position in ELS for a reduction of $2.78M. The fund also exited its holding in RITHM PPTY TR INC [[stock:RPT V9.875 PERP]] for $2.6M and established a new position in SUI valued at $2.59M. Other notable activity includes new entries into GLPI for $2.39M and WELL for $2.01M, alongside a 764% increase in shares of DLR.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 26884U307 | EPR 9 PERP E | EPR PPTYS | $8.2M | 11.4% | 275,122 | Common | SOLE |
| 74965L200 | RLJ 1.95 PERP A | RLJ LODGING TR | $7.2M | 10.0% | 290,909 | Common | SOLE |
| 70509V605 | PEB 6.375 PERP E | PEBBLEBROOK HOTEL TR | $4.5M | 6.18% | 233,541 | Common | SOLE |
| 22822V101 | CCI | CROWN CASTLE INC | $4.2M | 5.80% | 47,072 | Common | SOLE |
| 253868103 | DLR | DIGITAL RLTY TR INC | $3.7M | 5.13% | 23,918 | Common | SOLE |
| 74340W103 | PLD | PROLOGIS INC. | $3.0M | 4.15% | 23,448 | Common | SOLE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $2.7M | 3.77% | 15,497 | Common | SOLE |
| 866674104 | SUI | SUN CMNTYS INC | $2.6M | 3.58% | 20,871 | Common | SOLE |
| 29444U700 | EQIX | EQUINIX INC | $2.5M | 3.53% | 3,325 | Common | SOLE |
| 36467J108 | GLPI | GAMING & LEISURE PPTYS INC | $2.4M | 3.31% | 53,519 | Common | SOLE |
| 70509V704 | PEB 6.3 PERP F | PEBBLEBROOK HOTEL TR | $2.1M | 2.97% | 112,387 | Common | SOLE |
| 95040Q104 | WELL | WELLTOWER INC | $2.0M | 2.79% | 10,830 | Common | SOLE |
| 10482B200 | BHR 5.5 PERP b | BRAEMAR HOTELS & RESORTS INC | $2.0M | 2.75% | 134,177 | Common | SOLE |
| 828806109 | SPG | SIMON PPTY GROUP INC NEW | $1.8M | 2.53% | 9,861 | Common | SOLE |
| 92276F100 | VTR | VENTAS INC | $1.7M | 2.42% | 22,562 | Common | SOLE |
| 925652109 | VICI | VICI PPTYS INC | $1.7M | 2.30% | 59,012 | Common | SOLE |
| 756109104 | O | REALTY INCOME CORP | $1.7M | 2.29% | 29,285 | Common | SOLE |
| 297178105 | ESS | ESSEX PPTY TR INC | $1.5M | 2.12% | 5,852 | Common | SOLE |
| 529043309 | LXP 6.5 PERP C | LXP INDUSTRIAL TRUST | $1.5M | 2.01% | 30,788 | Common | SOLE |
| 25525P107 | DHC | DIVERSIFIED HEALTHCARE TR | $1.3M | 1.81% | 269,794 | Common | SOLE |
| 46284V101 | IRM | IRON MTN INC DEL | $1.3M | 1.74% | 15,160 | Common | SOLE |
| 20369C106 | CHCT | COMMUNITY HEALTHCARE TR INC | $1.2M | 1.73% | 75,825 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $1.2M | 1.64% | 7,301 | Common | SOLE |
| 903002103 | UMH | UMH PPTYS INC | $1.1M | 1.56% | 70,859 | Common | SOLE |
| 74460D109 | PSA | PUBLIC STORAGE OPER CO | $1.1M | 1.55% | 4,306 | Common | SOLE |
| 22948Q101 | CTO | CTO RLTY GROWTH INC NEW | $1.1M | 1.55% | 60,631 | Common | SOLE |
| G3730V105 | FTAI | FTAI AVIATION LTD | $918,108 | 1.27% | 4,664 | Common | SOLE |
| 30225T102 | EXR | EXTRA SPACE STORAGE INC | $891,616 | 1.24% | 6,847 | Common | SOLE |
| 46187W107 | INVH | INVITATION HOMES INC | $751,636 | 1.04% | 27,047 | Common | SOLE |
| 26884U208 | EPR 5.75 PERP C | EPR PPTYS | $613,521 | 0.85% | 27,661 | Common | SOLE |
| 11120U105 | BRX | BRIXMOR PPTY GROUP INC | $592,310 | 0.82% | 22,590 | Common | SOLE |
| 277276101 | EGP | EASTGROUP PPTYS INC | $539,052 | 0.75% | 3,026 | Common | SOLE |
| 85571B105 | STWD | STARWOOD PPTY TR INC | $411,547 | 0.57% | 22,851 | Common | SOLE |
| 78410G104 | SBAC | SBA COMMUNICATIONS CORP NEW | $387,827 | 0.54% | 2,005 | Common | SOLE |
| 78440X887 | SLG | SL GREEN RLTY CORP | $327,604 | 0.45% | 7,142 | Common | SOLE |
| 37954A303 | XRN | GLOBAL MED REIT INC | $237,631 | 0.33% | 7,043 | Common | SOLE |
| 70931T103 | PMT | PENNYMAC MTG INVT TR | $237,032 | 0.33% | 18,887 | Common | SOLE |
| 962166104 | WY | WEYERHAEUSER CO MTN BE | $214,252 | 0.30% | 9,044 | Common | SOLE |
| 053484101 | AVB | AVALONBAY CMNTYS INC | $209,413 | 0.29% | 1,155 | Common | SOLE |
| 554382101 | MAC | MACERICH CO | $208,155 | 0.29% | 11,276 | Common | SOLE |
| 44107P104 | HST | HOST HOTELS & RESORTS INC | $204,870 | 0.28% | 11,555 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.