CENTERSQUARE INVESTMENT MANAGEMENT LLC

CIK

1725296

Location

CONSHOHOCKEN, PA

Portfolio Value

Mid $9,673,348,560

Diversification

Diversified

Filing Date

Global Rank

#425 / 8,608 ▼ 3 · as of Mar 2026

Top Industry

REIT - Healthcare Facilities 21.0%

3Y Alpha vs SPY

-9.1%

Period ended 3 months ago

Filed May 8, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+38.8%

SPY

+75.2%

Annualised alpha

-9.0%

Max drawdown

−18.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

79 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 positions · $9,673,348,560 total · 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%