CENTERSQUARE INVESTMENT MANAGEMENT LLC

CIK

1725296

Location

CONSHOHOCKEN, PA

Portfolio Value

Mid $9,673,348,560

Diversification

Diversified

Filing Date

Global Rank

#425 / 8,622 ▼ 2 · as of Mar 2026

Top Industry

REIT - Healthcare Facilities 21.0%

3Y Alpha vs SPY

-5.5%

Period ended 4 months ago

Filed May 8, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+45.4%

SPY

+67.9%

Annualised alpha

-5.6%

Max drawdown

−18.2%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

79 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

10.7%

+0.6 pts

Top 5

38.3%

+3.1 pts

Top 10

54.0%

+1.5 pts

HHI

435

Diversified+37

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Real Estate	99.9%	$9,664,873,251	76
Consumer Cyclical	0.1%	$7,824,282	1
Utilities	0.0%	$441,180	1
Communication Services	0.0%	$209,847	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

22 positions

Ticker	Company	Δ Shares	Shares	Value
FR	First Industrial Realty Trust Inc	+1,657,810	4,307,567	$249,192,750
IRT	Independence Realty Trust, Inc.	+1,512,264	1,591,264	$23,693,920
SBRA	Sabra Health Care REIT, Inc.	+1,223,330	3,877,810	$74,570,285
LXP	LXP Industrial Trust	+1,189,160	1,254,120	$58,015,590
MAC	Macerich Co	+919,943	7,274,604	$137,490,015
INVH	Invitation Homes Inc.	+896,601	7,449,480	$185,119,578
VICI	Vici Properties Inc.	+536,559	4,709,810	$128,672,009
MAA	Mid America Apartment Communities Inc.	+460,593	620,175	$75,735,770
HR	Healthcare Realty Trust Inc	+458,411	6,428,867	$109,226,450
VNO	Vornado Realty Trust	+425,550	3,429,047	$89,120,930
ARE	Alexandria Real Estate Equities, Inc.	+422,827	2,024,892	$93,995,486
SLG	Sl Green Realty Corp	+403,591	1,073,951	$39,671,749
RHP	Ryman Hospitality Properties, Inc.	+264,305	512,335	$47,273,149
ADC	Agree Realty Corp	+130,403	3,429,575	$258,521,361
CCI	Crown Castle Inc.	+101,290	402,640	$32,738,658
LAMR	Lamar Advertising Co/New	+64,030	276,074	$34,967,532
PDM	Piedmont Realty Trust, Inc.	+50,109	3,479,473	$22,860,136
VTMX	Vesta Real Estate Corporation, S.A.B. de C.V.	+7,720	338,060	$11,270,919
HLT	Hilton Worldwide Holdings Inc.	+5,581	25,731	$7,824,282
CBRE	Cbre Group, Inc.	+1,360	11,830	$1,602,491
ZG	Zillow Group, Inc.	+30	5,070	$209,847
JLL	Jones Lang Lasalle Inc	+10	1,130	$343,881
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DOC	Healthpeak Properties, Inc.	−4,882,252	344,132	$5,654,088
DEI	Douglas Emmett Inc	−2,499,700	39,750	$374,445
KIM	Kimco Realty Corp	−2,404,109	10,501,340	$235,965,108
CUZ	Cousins Properties Inc	−1,991,941	3,855,235	$87,012,653
BXP	BXP, Inc.	−1,721,686	14,260	$740,094
DRH	DiamondRock Hospitality Co	−1,343,924	6,437,064	$60,315,288
BRX	Brixmor Property Group Inc.	−1,313,459	11,071,067	$318,846,729
EQR	Equity Residential	−1,083,676	1,155,033	$68,320,201
BNL	Broadstone Net Lease, Inc.	−1,080,996	2,637,688	$48,190,559
UDR	UDR, Inc.	−1,019,357	8,369,993	$282,738,362
HST	Host Hotels & Resorts, Inc.	−973,008	6,819,551	$130,662,596
NTST	NETSTREIT Corp.	−795,230	2,858,355	$53,822,824
NHI	National Health Investors Inc	−690,528	463,532	$37,481,197
VTR	Ventas, Inc.	−562,896	5,928,521	$484,834,446
EXR	Extra Space Storage Inc.	−534,887	2,499,190	$327,718,784
IVT	InvenTrust Properties Corp.	−502,277	785,528	$23,927,182
REXR	Rexford Industrial Realty, Inc.	−389,645	2,472,924	$80,938,801
O	Realty Income Corp	−384,870	3,961,881	$242,387,878
PLD	Prologis, Inc.	−370,906	6,228,113	$823,231,975
DHC	Diversified Healthcare Trust	−366,741	2,862,431	$19,006,541
OHI	Omega Healthcare Investors Inc	−357,411	2,989,804	$131,013,209
EGP	Eastgroup Properties Inc	−339,249	83,041	$15,370,058
KRG	Kite Realty Group Trust	−339,003	7,897,787	$193,890,670
ESS	Essex Property Trust, Inc.	−331,401	216,616	$52,421,072
IRM	Iron Mountain Inc	−321,408	2,310,045	$235,947,995
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
CUBE	CubeSmart	1,585,114	$58,094,426
JAN	Janus Living, Inc.	1,980,000	$46,668,599
WPC	W. P. Carey Inc.	10,004	$679,871
LTC	Ltc Properties Inc	6,460	$240,053
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
RLJ	RLJ Lodging Trust	1,779,010	$13,253,624
XHR	Xenia Hotels & Resorts, Inc.	332,956	$4,707,997
DBRG	DigitalBridge Group, Inc.	52,000	$797,680
ELME	Elme Communities	39,320	$684,168
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

79 tracked positions · $9,673,348,560 total · filing declares 169 positions · $9,673,348,551 · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Real Estate Utilities

Showing 1–50 of 79 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WELL	Welltower Inc. Real Estate	Reduced	5,242,709	-299,293	$1,036,535,995	+0.8%	10.72%
PLD	Prologis, Inc. Real Estate	Reduced	6,228,113	-370,906	$823,231,975	−2.3%	8.51%
EQIX	Equinix Inc Real Estate	Reduced	822,883	-70,347	$806,622,830	+17.9%	8.34%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	3,064,909	-236,604	$552,327,250	+8.1%	5.71%
VTR	Ventas, Inc. Real Estate	Reduced	5,928,521	-562,896	$484,834,446	−3.5%	5.01%
EXR	Extra Space Storage Inc. Real Estate	Reduced	2,499,190	-534,887	$327,718,784	−17.1%	3.39%
PSA	Public Storage Real Estate	Reduced	1,204,981	-230,986	$326,405,253	−12.4%	3.37%
BRX	Brixmor Property Group Inc. Real Estate	Reduced	11,071,067	-1,313,459	$318,846,729	−1.8%	3.30%
UDR	UDR, Inc. Real Estate	Reduced	8,369,993	-1,019,357	$282,738,362	−17.9%	2.92%
SPG	Simon Property Group Inc. Real Estate	Reduced	1,400,195	-131,386	$261,178,372	−7.9%	2.70%
CPT	Camden Property Trust Real Estate	Reduced	2,648,172	-180,430	$258,620,476	−16.9%	2.67%
ADC	Agree Realty Corp Real Estate	Added	3,429,575	+130,403	$258,521,361	+8.8%	2.67%
FR	First Industrial Realty Trust Inc Real Estate	Added	4,307,567	+1,657,810	$249,192,750	+64.2%	2.58%
O	Realty Income Corp Real Estate	Reduced	3,961,881	-384,870	$242,387,878	−1.1%	2.51%
KIM	Kimco Realty Corp Real Estate	Reduced	10,501,340	-2,404,109	$235,965,108	−9.8%	2.44%
IRM	Iron Mountain Inc Real Estate	Reduced	2,310,045	-321,408	$235,947,995	+8.1%	2.44%
KRG	Kite Realty Group Trust Real Estate	Reduced	7,897,787	-339,003	$193,890,670	−1.8%	2.00%
INVH	Invitation Homes Inc. Real Estate	Added	7,449,480	+896,601	$185,119,578	+1.7%	1.91%
AMH	American Homes 4 Rent Real Estate	Reduced	5,969,032	-166,326	$166,655,372	−15.4%	1.72%
ELS	Equity Lifestyle Properties Inc Real Estate	Reduced	2,254,351	-178,804	$140,716,588	−4.6%	1.45%
MAC	Macerich Co Real Estate	Added	7,274,604	+919,943	$137,490,015	+17.2%	1.42%
AHR	American Healthcare REIT, Inc. Real Estate	Reduced	2,781,453	-240,419	$131,173,323	−7.8%	1.36%
OHI	Omega Healthcare Investors Inc Real Estate	Reduced	2,989,804	-357,411	$131,013,209	−11.7%	1.35%
HST	Host Hotels & Resorts, Inc. Real Estate	Reduced	6,819,551	-973,008	$130,662,596	−5.4%	1.35%
VICI	Vici Properties Inc. Real Estate	Added	4,709,810	+536,559	$128,672,009	+9.6%	1.33%
HR	Healthcare Realty Trust Inc Real Estate	Added	6,428,867	+458,411	$109,226,450	+7.9%	1.13%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Added	2,024,892	+422,827	$93,995,486	+19.9%	0.97%
VNO	Vornado Realty Trust Real Estate	Added	3,429,047	+425,550	$89,120,930	−10.8%	0.92%
CUZ	Cousins Properties Inc Real Estate	Reduced	3,855,235	-1,991,941	$87,012,653	−42.3%	0.90%
REXR	Rexford Industrial Realty, Inc. Real Estate	Reduced	2,472,924	-389,645	$80,938,801	−27.0%	0.84%
MAA	Mid America Apartment Communities Inc. Real Estate	Added	620,175	+460,593	$75,735,770	+241.7%	0.78%
SBRA	Sabra Health Care REIT, Inc. Real Estate	Added	3,877,810	+1,223,330	$74,570,285	+48.3%	0.77%
EQR	Equity Residential Real Estate	Reduced	1,155,033	-1,083,676	$68,320,201	−51.6%	0.71%
DRH	DiamondRock Hospitality Co Real Estate	Reduced	6,437,064	-1,343,924	$60,315,288	−13.5%	0.62%
CUBE	CubeSmart Real Estate	NEW	1,585,114	NEW	$58,094,426	NEW	0.60%
LXP	LXP Industrial Trust Real Estate	Added	1,254,120	+1,189,160	$58,015,590	+1701.3%	0.60%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	316,416	-37,120	$54,607,072	−12.0%	0.56%
NTST	NETSTREIT Corp. Real Estate	Reduced	2,858,355	-795,230	$53,822,824	−16.5%	0.56%
ESS	Essex Property Trust, Inc. Real Estate	Reduced	216,616	-331,401	$52,421,072	−63.4%	0.54%
BNL	Broadstone Net Lease, Inc. Real Estate	Reduced	2,637,688	-1,080,996	$48,190,559	−25.4%	0.50%
RHP	Ryman Hospitality Properties, Inc. Real Estate	Added	512,335	+264,305	$47,273,149	+101.4%	0.49%
JAN	Janus Living, Inc. Real Estate	NEW	1,980,000	NEW	$46,668,599	NEW	0.48%
SLG	Sl Green Realty Corp Real Estate	Added	1,073,951	+403,591	$39,671,749	+29.0%	0.41%
NHI	National Health Investors Inc Real Estate	Reduced	463,532	-690,528	$37,481,197	−57.5%	0.39%
FRT	Federal Realty Investment Trust Real Estate	Reduced	345,966	-261,675	$36,745,048	−40.0%	0.38%
LAMR	Lamar Advertising Co/New Real Estate	Added	276,074	+64,030	$34,967,532	+30.3%	0.36%
CCI	Crown Castle Inc. Real Estate	Added	402,640	+101,290	$32,738,658	+22.2%	0.34%
REG	Regency Centers Corp Real Estate	Reduced	351,270	-764	$26,577,088	+9.4%	0.27%
IVT	InvenTrust Properties Corp. Real Estate	Reduced	785,528	-502,277	$23,927,182	−34.1%	0.25%
COLD	Americold Realty Trust Real Estate	Reduced	2,077,612	-242,570	$23,809,432	−20.2%	0.25%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.