LCM

LDR Capital Management Portfolio holdings

AUM $82.9M

AUM

$82.9M

AUM Growth

+$9.06M (+12%)

Cap. Flow

+$23.8M

Cap. Flow % of AUM

28.74%

Top 10 Holdings %Top 10 Hldgs %

55.68%

Holding

New

Increased

Reduced

Closed

Top Buys

1	Rexford Industrial Realty REXR	$4.56M
2	Pebblebrook Hotel Trust 6.375% Series E Cumulative Redeemable Preferred Shares of Beneficial Interest PEB.PRE	$3.36M
3	Pebblebrook Hotel Trust 6.3% Series F Cumulative Redeemable Preferred Shares of Beneficial Interest PEB.PRF	$3.33M
4	Equity Lifestyle Properties ELS	$3.05M
5	RPT.PRC Rithm Property Trust Inc. 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock RPT.PRC	$2.58M

Top Sells

1	Starwood Property Trust STWD	$830K
2	LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock LXP.PRC	$350K
3	Kite Realty KRG	$154K
4	ELME Elme Communities ELME	$72.7K
5	CTO CTO Realty Growth CTO	$63.6K

Sector Composition

1	Real Estate	59.77%
2	Industrials	1.18%
3	Utilities	0%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 EPR Properties 9.00% Series E Cumulative Convertible Preferred Shares EPR.PRE $105M	$8.39M	10.13%	279,693 +7,093	+3%	+$213K
2	2 RLJ Lodging Trust $1.95 Series A Cumulative Convertible Preferred Shares RLJ.PRA $319M	$7.57M	9.14%	310,238 +23,056	+8%	+$563K
3	3 American Tower AMT $101B	$4.69M	5.66%	21,536 +5,521	+34%	+$1.2M
4	4 Rexford Industrial Realty REXR $8.31B	$4.56M	5.5%	116,417	New	+$4.56M
5	5 Equinix EQIX $85.7B	$3.95M	4.77%	4,849 +1,165	+32%	+$950K
6	6 EPR Properties 5.75% Series C Cumulative Convertible Preferred Shares EPR.PRC $127M	$3.85M	4.65%	166,884 +5,124	+3%	+$118K
7	7 VICI Properties VICI $33.7B	$3.37M	4.07%	103,381 +7,812	+8%	+$255K
8	8 Pebblebrook Hotel Trust 6.375% Series E Cumulative Redeemable Preferred Shares of Beneficial Interest PEB.PRE $79.6M	$3.36M	4.05%	195,888	New	+$3.36M
9	9 Pebblebrook Hotel Trust 6.3% Series F Cumulative Redeemable Preferred Shares of Beneficial Interest PEB.PRF $110M	$3.33M	4.02%	190,424	New	+$3.33M
10	10 Equity Lifestyle Properties ELS $12.5B	$3.05M	3.69%	45,779	New	+$3.05M
11	CHCT 11 Community Healthcare Trust CHCT $460M	$2.58M	3.11%	142,027 +60,219	+74%	+$1.09M
12	RPT.PRC 12 Rithm Property Trust Inc. 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock RPT.PRC $52.3M	$2.58M	3.11%	102,052	New	+$2.58M
13	VRE 13 Veris Residential VRE $1.44B	$2.56M	3.09%	151,552 +50,768	+50%	+$859K
14	UMH 14 UMH Properties UMH $1.43B	$2.55M	3.08%	136,477 +5,011	+4%	+$93.7K
15	15 Healthpeak Properties DOC $12.2B	$2.51M	3.03%	124,206 +3,831	+3%	+$77.5K
16	16 Starwood Property Trust STWD $6.78B	$2.51M	3.03%	126,977 -41,972	-25%	-$830K
17	17 Brixmor Property Group BRX $7.83B	$2.48M	2.99%	93,412 +14,026	+18%	+$372K
18	18 Kite Realty KRG $4.94B	$2.47M	2.98%	110,410 -6,874	-6%	-$154K
19	ALEX 19 Alexander & Baldwin ALEX $1.29B	$2.39M	2.88%	138,534 +26,690	+24%	+$460K
20	20 Howard Hughes HHH $4.11B	$2.32M	2.8%	31,321 +6,306	+25%	+$467K
21	21 Kennedy-Wilson Holdings KW $907M	$2.12M	2.56%	244,124 +60,285	+33%	+$523K
22	BHR.PRB 22 Braemar Hotels & Resorts Inc. 5.50% Series B Cumulative Convertible Preferred Stock BHR.PRB $42.8M	$1.75M	2.11%	134,222 +7,297	+6%	+$94.9K
23	23 LXP Industrial Trust 6.5% Series C Cumulative Convertible Preferred Stock LXP.PRC $89.9M	$1.53M	1.84%	33,513 -7,675	-19%	-$350K
24	ELME 24 Elme Communities ELME $1.42B	$1.37M	1.65%	78,703 -4,180	-5%	-$72.7K
25	CTO 25 CTO Realty Growth CTO $600M	$1.26M	1.52%	65,116 -3,296	-5%	-$63.6K