13F HOLDINGS REPORT
Sophron Capital Management L.P.
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001214659-26-001984
Total Value
$311.1M
Positions
39
Other Managers
0
Confidential Omitted
No
Holdings (39)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AGREE RLTY CORP | 008492100 | 301,782 | $21.7M | 6.99% |
| 2 | ESSEX PPTY TR INC | 297178105 | 77,089 | $20.2M | 6.49% |
| 3 | EQUITY RESIDENTIAL | EQR | 287,825 | $18.1M | 5.83% |
| 4 | MERITAGE HOMES CORP | MTH | 243,124 | $16.0M | 5.14% |
| 5 | FOUR CORNERS PPTY TR INC | 35086T109 | 673,305 | $15.5M | 4.99% |
| 6 | CHOICE HOTELS INTL INC | 169905106 | 148,795 | $14.2M | 4.56% |
| 7 | PHILLIPS EDISON & CO INC | PECO | 371,486 | $13.2M | 4.25% |
| 8 | UDR INC | UDR | 353,090 | $13.0M | 4.16% |
| 9 | AMERICAN TOWER CORP NEW | 03027X100 | 64,305 | $11.3M | 3.63% |
| 10 | AVALONBAY CMNTYS INC | AWX | 58,352 | $10.6M | 3.40% |
| 11 | TRI POINTE HOMES INC | TPH | 334,828 | $10.5M | 3.39% |
| 12 | INVITATION HOMES INC | INVH | 351,366 | $9.8M | 3.14% |
| 13 | WYNDHAM HOTELS & RESORTS INC | WH | 127,814 | $9.7M | 3.10% |
| 14 | PUBLIC STORAGE OPER CO | PSA-PS | 36,578 | $9.5M | 3.05% |
| 15 | VICI PPTYS INC | 925652109 | 316,683 | $8.9M | 2.86% |
| 16 | DIAMONDROCK HOSPITALITY CO | DRH | 949,477 | $8.5M | 2.73% |
| 17 | GAMING & LEISURE PPTYS INC | 36467J108 | 185,694 | $8.3M | 2.67% |
| 18 | EQUITY LIFESTYLE PPTYS INC | 29472R108 | 133,592 | $8.1M | 2.60% |
| 19 | REXFORD INDL RLTY INC | 76169C100 | 185,944 | $7.2M | 2.31% |
| 20 | BROADSTONE NET LEASE INC | BNL | 411,855 | $7.2M | 2.30% |
| 21 | EASTGROUP PPTYS INC | 277276101 | 38,110 | $6.8M | 2.18% |
| 22 | CUBESMART | CUBE | 178,792 | $6.4M | 2.07% |
| 23 | DIGITAL RLTY TR INC | 253868103 | 40,726 | $6.3M | 2.03% |
| 24 | RYMAN HOSPITALITY PPTYS INC | 78377T107 | 63,196 | $6.0M | 1.92% |
| 25 | NNN REIT INC | NNN | 141,783 | $5.6M | 1.81% |
| 26 | REGENCY CTRS CORP | 758849103 | 75,834 | $5.2M | 1.68% |
| 27 | KIMCO RLTY CORP | 49446R109 | 206,723 | $4.2M | 1.35% |
| 28 | LENNAR CORP | LEN-B | 35,436 | $3.6M | 1.17% |
| 29 | AMERICAN HOMES 4 RENT | AMH-PG | 105,996 | $3.4M | 1.09% |
| 30 | EXTRA SPACE STORAGE INC | EXR | 25,197 | $3.3M | 1.05% |
| 31 | NATIONAL HEALTH INVS INC | 63633D104 | 42,815 | $3.3M | 1.05% |
| 32 | HEALTHPEAK PROPERTIES INC | DOC | 173,245 | $2.8M | 0.90% |
| 33 | SBA COMMUNICATIONS CORP NEW | SBAC | 14,318 | $2.8M | 0.89% |
| 34 | EQUINIX INC | EQIX | 3,441 | $2.6M | 0.85% |
| 35 | CROWN CASTLE INC | CCI | 27,223 | $2.4M | 0.78% |
| 36 | FIRST INDL RLTY TR INC | 32054K103 | 31,000 | $1.8M | 0.57% |
| 37 | SUN CMNTYS INC | 866674104 | 12,482 | $1.5M | 0.50% |
| 38 | SILA REALTY TRUST INC | SILA | 44,832 | $1.0M | 0.34% |
| 39 | NETSTREIT CORP | NTST | 30,135 | $531,581 | 0.17% |