13F HOLDINGS REPORT
Sophron Capital Management L.P.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001214659-25-016638
Total Value
$324.6M
Positions
39
Other Managers
0
Confidential Omitted
No
Holdings (39)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AGREE RLTY CORP | 008492100 | 318,916 | $22.7M | 6.98% |
| 2 | MERITAGE HOMES CORP | MTH | 277,782 | $20.1M | 6.20% |
| 3 | PHILLIPS EDISON & CO INC | PECO | 573,661 | $19.7M | 6.07% |
| 4 | AVALONBAY CMNTYS INC | AWX | 92,957 | $18.0M | 5.53% |
| 5 | ESSEX PPTY TR INC | 297178105 | 61,503 | $16.5M | 5.07% |
| 6 | FOUR CORNERS PPTY TR INC | 35086T109 | 658,446 | $16.1M | 4.95% |
| 7 | EQUITY LIFESTYLE PPTYS INC | 29472R108 | 216,932 | $13.2M | 4.06% |
| 8 | DIAMONDROCK HOSPITALITY CO | DRH | 1,654,026 | $13.2M | 4.06% |
| 9 | TRI POINTE HOMES INC | TPH | 373,186 | $12.7M | 3.91% |
| 10 | WYNDHAM HOTELS & RESORTS INC | WH | 156,745 | $12.5M | 3.86% |
| 11 | CHOICE HOTELS INTL INC | 169905106 | 115,208 | $12.3M | 3.79% |
| 12 | GAMING & LEISURE PPTYS INC | 36467J108 | 244,477 | $11.4M | 3.51% |
| 13 | UDR INC | UDR | 287,352 | $10.7M | 3.30% |
| 14 | PUBLIC STORAGE OPER CO | PSA-PS | 36,269 | $10.5M | 3.23% |
| 15 | LENNAR CORP | LEN-B | 75,833 | $9.6M | 2.94% |
| 16 | AMERICAN HOMES 4 RENT | AMH-PG | 268,933 | $8.9M | 2.75% |
| 17 | EQUITY RESIDENTIAL | EQR | 116,977 | $7.6M | 2.33% |
| 18 | FIRST INDL RLTY TR INC | 32054K103 | 142,532 | $7.3M | 2.26% |
| 19 | SBA COMMUNICATIONS CORP NEW | SBAC | 36,573 | $7.1M | 2.18% |
| 20 | CUBESMART | CUBE | 172,146 | $7.0M | 2.16% |
| 21 | BROADSTONE NET LEASE INC | BNL | 379,369 | $6.8M | 2.09% |
| 22 | AMERICAN TOWER CORP NEW | 03027X100 | 34,950 | $6.7M | 2.07% |
| 23 | RYMAN HOSPITALITY PPTYS INC | 78377T107 | 73,596 | $6.6M | 2.03% |
| 24 | NNN REIT INC | NNN | 143,336 | $6.1M | 1.88% |
| 25 | INDEPENDENCE RLTY TR INC | 45378A106 | 347,461 | $5.7M | 1.75% |
| 26 | FEDERAL RLTY INVT TR NEW | 313745101 | 51,956 | $5.3M | 1.62% |
| 27 | VICI PPTYS INC | 925652109 | 139,339 | $4.5M | 1.40% |
| 28 | HEALTHPEAK PROPERTIES INC | DOC | 218,281 | $4.2M | 1.29% |
| 29 | EQUINIX INC | EQIX | 5,048 | $4.0M | 1.22% |
| 30 | INVITATION HOMES INC | INVH | 118,590 | $3.5M | 1.07% |
| 31 | CROWN CASTLE INC | CCI | 22,212 | $2.1M | 0.66% |
| 32 | DIGITAL RLTY TR INC | 253868103 | 12,315 | $2.1M | 0.66% |
| 33 | EXTRA SPACE STORAGE INC | EXR | 14,935 | $2.1M | 0.65% |
| 34 | PROLOGIS INC. | PLDGP | 18,120 | $2.1M | 0.64% |
| 35 | SUN CMNTYS INC | 866674104 | 15,586 | $2.0M | 0.62% |
| 36 | EASTGROUP PPTYS INC | 277276101 | 10,284 | $1.7M | 0.54% |
| 37 | NATIONAL HEALTH INVS INC | 63633D104 | 18,685 | $1.5M | 0.46% |
| 38 | SILA REALTY TRUST INC | SILA | 23,517 | $590,277 | 0.18% |
| 39 | ELME COMMUNITIES | ELME | 10,696 | $180,335 | 0.06% |