The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agree Realty Corporation COM 008492100   9,816,299 139,337 SH   SOLE   139,337 0 0
Armada Hoffler Properties, Inc. COM 04208T108   3,110,798 304,085 SH   SOLE   304,085 0 0
Apartment Investment & Management Co Class A COM 03748R747   8,565,066 942,251 SH   SOLE   942,251 0 0
American Homes 4 Rent Class A COM 02665T306   24,755,046 661,545 SH   SOLE   661,545 0 0
American Tower Corporation COM 03027X100   50,201,382 273,711 SH   SOLE   273,711 0 0
AvalonBay Communities, Inc. COM 053484101   15,249,827 69,326 SH   SOLE   69,326 0 0
BXP Inc COM 101121101   11,544,520 155,251 SH   SOLE   155,251 0 0
Crown Castle Inc. COM 22822V101   25,038,475 275,875 SH   SOLE   275,875 0 0
Camden Property Trust COM 133131102   12,235,809 105,444 SH   SOLE   105,444 0 0
Digital Realty Trust, Inc. COM 253868103   13,058,442 73,639 SH   SOLE   73,639 0 0
EastGroup Properties, Inc. COM 277276101   32,338,483 201,498 SH   SOLE   201,498 0 0
Equity LifeStyle Properties, Inc. COM 29472R108   18,374,452 275,892 SH   SOLE   275,892 0 0
EPR Properties COM 26884U109   6,297,639 142,223 SH   SOLE   142,223 0 0
Equinix, Inc. COM 29444U700   59,236,525 62,824 SH   SOLE   62,824 0 0
Essex Property Trust, Inc. COM 297178105   13,604,560 47,661 SH   SOLE   47,661 0 0
Extra Space Storage Inc. COM 30225T102   24,630,615 164,643 SH   SOLE   164,643 0 0
Farmland Partners Inc COM 31154R109   5,958,908 506,709 SH   SOLE   506,709 0 0
Gaming and Leisure Properties, Inc. COM 36467J108   21,250,213 441,241 SH   SOLE   441,241 0 0
Howard Hughes Holdings Inc. COM 44267T102   3,947,258 51,316 SH   SOLE   51,316 0 0
Healthcare Realty Trust Incorporated Class A COM 42226K105   7,286,182 429,863 SH   SOLE   429,863 0 0
Invitation Homes, Inc. COM 46187W107   9,512,131 297,533 SH   SOLE   297,533 0 0
Kite Realty Group Trust COM 49803T300   27,665,372 1,096,092 SH   SOLE   1,096,092 0 0
Mid-America Apartment Communities, Inc. COM 59522J103   9,042,055 58,498 SH   SOLE   58,498 0 0
Vail Resorts, Inc. COM 91879Q109   7,583,436 40,455 SH   SOLE   40,455 0 0
Realty Income Corporation COM 756109104   8,177,944 153,116 SH   SOLE   153,116 0 0
Prologis, Inc. COM 74340W103   22,743,396 215,169 SH   SOLE   215,169 0 0
Public Storage COM 74460D109   26,815,087 89,550 SH   SOLE   89,550 0 0
Postal Realty Trust, Inc. Class A COM 73757R102   3,117,711 238,905 SH   SOLE   238,905 0 0
Regency Centers Corporation COM 758849103   13,507,780 182,710 SH   SOLE   182,710 0 0
Safehold Inc. COM 78646V107   2,951,802 159,729 SH   SOLE   159,729 0 0
SBA Communications Corp. Class A COM 78410G104   10,155,030 49,828 SH   SOLE   49,828 0 0
Simon Property Group, Inc. COM 828806109   36,686,689 213,034 SH   SOLE   213,034 0 0
Sun Communities, Inc. COM 866674104   6,394,420 51,999 SH   SOLE   51,999 0 0
Terreno Realty Corporation COM 88146M101   29,683,935 501,926 SH   SOLE   501,926 0 0
VICI Properties Inc COM 925652109   17,655,512 604,433 SH   SOLE   604,433 0 0
Ventas, Inc. COM 92276F100   19,010,438 322,812 SH   SOLE   322,812 0 0
Welltower Inc. COM 95040Q104   43,233,192 343,038 SH   SOLE   343,038 0 0
Weyerhaeuser Company COM 962166104   17,641,686 626,702 SH   SOLE   626,702 0 0
Alpha and Omega Semiconductor Limited COM G6331P104   7,101,493 191,776 SH   SOLE   191,776 0 0
AZZ Inc. COM 002474104   5,698,892 69,566 SH   SOLE   69,566 0 0
Build-A-Bear Workshop, Inc. COM 120076104   4,181,252 90,817 SH   SOLE   90,817 0 0
BK Technologies Corp. COM 05587G203   2,648,120 77,227 SH   SOLE   77,227 0 0
Blade Air Mobility, Inc. Class A COM 092667104   4,138,380 973,736 SH   SOLE   973,736 0 0
BioLife Solutions, Inc. COM 09062W204   6,373,645 245,517 SH   SOLE   245,517 0 0
Banco Latinoamericano de Comercio Exterior, S.A. Class E COM P16994132   9,362,466 263,212 SH   SOLE   263,212 0 0
Bit Digital, Inc. COM G1144A105   1,050,505 358,534 SH   SOLE   358,534 0 0
Cass Information Systems, Inc. COM 14808P109   1,734,712 42,403 SH   SOLE   42,403 0 0
Collegium Pharmaceutical, Inc. COM 19459J104   4,068,425 142,004 SH   SOLE   142,004 0 0
CTS Corporation COM 126501105   5,459,964 103,545 SH   SOLE   103,545 0 0
Cushman & Wakefield Plc COM G2717B108   1,030,933 78,817 SH   SOLE   78,817 0 0
Daktronics, Inc. COM 234264109   5,824,994 345,491 SH   SOLE   345,491 0 0
enCore Energy Corp. COM 29259W700   2,145,934 629,306 SH   SOLE   629,306 0 0
Fidelis Insurance Holdings Ltd. COM G3398L118   3,754,278 207,075 SH   SOLE   207,075 0 0
Farmland Partners Inc COM 31154R109   4,603,802 391,479 SH   SOLE   391,479 0 0
Grid Dynamics Holdings, Inc. Class A COM 39813G109   7,092,643 318,913 SH   SOLE   318,913 0 0
Gorman-Rupp Company COM 383082104   5,526,333 145,736 SH   SOLE   145,736 0 0
H&E Equipment Services, Inc. COM 404030108   3,291,907 67,236 SH   SOLE   67,236 0 0
Hawkins, Inc. COM 420261109   4,398,058 35,852 SH   SOLE   35,852 0 0
InterDigital, Inc. COM 45867G101   5,986,492 30,902 SH   SOLE   30,902 0 0
Innoviva, Inc. COM 45781M101   4,198,951 242,014 SH   SOLE   242,014 0 0
IRadimed Corp. COM 46266A109   1,789,753 32,540 SH   SOLE   32,540 0 0
LifeMD, Inc. COM 53216B104   1,907,005 385,253 SH   SOLE   385,253 0 0
Ligand Pharmaceuticals Incorporated COM 53220K504   7,302,812 68,155 SH   SOLE   68,155 0 0
Lincoln Educational Services Corporation COM 533535100   7,973,140 503,991 SH   SOLE   503,991 0 0
Mama's Creations, Inc. COM 56146T103   4,860,429 610,606 SH   SOLE   610,606 0 0
NPK International Inc. COM 651718504   3,756,490 489,764 SH   SOLE   489,764 0 0
NAPCO Security Technologies, Inc. COM 630402105   4,612,652 129,714 SH   SOLE   129,714 0 0
Northwest Pipe Company COM 667746101   2,856,083 59,181 SH   SOLE   59,181 0 0
OUTFRONT Media Inc. COM 69007J106   1,108,363 62,478 SH   SOLE   62,478 0 0
Park Aerospace Corp. COM 70014A104   3,583,931 244,636 SH   SOLE   244,636 0 0
Plymouth Industrial REIT, Inc. COM 729640102   4,537,433 254,912 SH   SOLE   254,912 0 0
Postal Realty Trust, Inc. Class A COM 73757R102   3,179,079 243,607 SH   SOLE   243,607 0 0
ProPetro Holding Corp. COM 74347M108   4,068,425 436,058 SH   SOLE   436,058 0 0
Red Violet, Inc. COM 75704L104   3,953,385 109,209 SH   SOLE   109,209 0 0
Solaris Energy Infrastructure, Inc. Class A COM 83418M103   7,650,144 265,814 SH   SOLE   265,814 0 0
SIGA Technologies Inc COM 826917106   3,010,944 500,989 SH   SOLE   500,989 0 0
Sprott Inc. COM 852066208   5,718,803 135,613 SH   SOLE   135,613 0 0
Simulations Plus, Inc. COM 829214105   1,663,385 59,640 SH   SOLE   59,640 0 0
Spok Holdings, Inc. COM 84863T106   3,267,571 203,587 SH   SOLE   203,587 0 0
Uranium Energy Corp. COM 916896103   4,537,433 678,241 SH   SOLE   678,241 0 0
UFP Technologies, Inc. COM 902673102   5,652,434 23,117 SH   SOLE   23,117 0 0
WisdomTree Floating Rate Treasury Fund COM 97717Y527   13,530,445 268,888 SH   SOLE   268,888 0 0
Universal Technical Institute, Inc. COM 913915104   4,778,574 185,864 SH   SOLE   185,864 0 0
TeraWulf Inc. COM 88080T104   3,154,744 557,375 SH   SOLE   557,375 0 0
AbbVie, Inc. COM 00287Y109   5,200,508 29,265 SH   SOLE   29,265 0 0
American Healthcare REIT, Inc. COM 398182303   1,519,205 53,455 SH   SOLE   53,455 0 0
Air Lease Corporation Class A COM 00912X302   981,153 20,351 SH   SOLE   20,351 0 0
Albemarle Corporation Depository Shs Conv Pfd Registered Shs PFD 012653200   850,596 20,904 SH   SOLE   20,904 0 0
Amgen Inc. COM 031162100   2,373,758 9,107 SH   SOLE   9,107 0 0
Apollo Global Management Inc Mandatory Conv Pfd Registered Shs Series A PFD 03769M304   1,212,594 13,952 SH   SOLE   13,952 0 0
Ares Capital Corporation COM 04010L103   3,885,050 177,480 SH   SOLE   177,480 0 0
Ares Management Corporation Pfd Registered shs Series B PFD 03990B309   1,952,415 35,472 SH   SOLE   35,472 0 0
Boeing Pfd Registered shs Series A PFD 060505682   2,088,907 34,306 SH   SOLE   34,306 0 0
Bank of America Corp Conv Pfd Registered Shs Series L PFD 097023204   2,834,662 2,324 SH   SOLE   2,324 0 0
Cogent Communications Holdings Inc COM 19239V302   2,911,809 37,781 SH   SOLE   37,781 0 0
CMB.TECH NV COM B38564108   4,260,895 429,093 SH   SOLE   429,093 0 0
Compass Diversified Holdings Red Perp Pfd Registered Shs Series C PFD 20451Q401   1,538,986 62,181 SH   SOLE   62,181 0 0
Coherent Corp. COM 19247G107   3,083,907 32,554 SH   SOLE   32,554 0 0
Chesapeake Utilities Corporation COM 165303108   1,598,330 13,171 SH   SOLE   13,171 0 0
Clearway Energy, Inc. Class C COM 18539C204   1,703,171 65,506 SH   SOLE   65,506 0 0
DuPont de Nemours, Inc. COM 26614N102   3,325,239 43,609 SH   SOLE   43,609 0 0
Devon Energy Corporation COM 25179M103   1,465,795 44,784 SH   SOLE   44,784 0 0
Ellington Financial Inc. COM 28852N109   2,217,485 182,960 SH   SOLE   182,960 0 0
EPR Properties Conv Pfd Shs Series C PFD 26884U208   2,854,444 137,232 SH   SOLE   137,232 0 0
Equitable Holdings, Inc. COM 29452E101   5,685,150 120,524 SH   SOLE   120,524 0 0
Equinix, Inc. COM 29444U700   10,414,863 11,045 SH   SOLE   11,045 0 0
Diamondback Energy, Inc. COM 25278X109   6,666,303 40,690 SH   SOLE   40,690 0 0
Farmland Partners Inc COM 31154R109   1,756,580 149,369 SH   SOLE   149,369 0 0
Gaming and Leisure Properties, Inc. COM 36467J108   5,253,917 109,092 SH   SOLE   109,092 0 0
Chart Industries, Inc. Shs Depository Shs Repr 1/20th Pfd Shs Series B PFD 16115Q407   1,378,757 19,562 SH   SOLE   19,562 0 0
Getty Realty Corp. COM 374297109   1,418,320 47,073 SH   SOLE   47,073 0 0
International Business Machines Corporation COM 459200101   3,578,440 16,278 SH   SOLE   16,278 0 0
InterDigital, Inc. COM 45867G101   6,005,607 31,001 SH   SOLE   31,001 0 0
Kinder Morgan Inc Class P COM 49456B101   8,846,204 322,854 SH   SOLE   322,854 0 0
Kinetik Holdings Inc. Class A COM 02215L209   1,022,694 18,033 SH   SOLE   18,033 0 0
Kilroy Realty Corporation COM 49427F108   1,473,708 36,432 SH   SOLE   36,432 0 0
Kite Realty Group Trust COM 49803T300   5,228,202 207,139 SH   SOLE   207,139 0 0
Medallion Bank Non-Cum Perp Pfd Registered Shs Series F PFD 58403B205   1,715,040 67,814 SH   SOLE   67,814 0 0
MetLife, Inc. COM 59156R108   4,411,233 53,874 SH   SOLE   53,874 0 0
Vail Resorts, Inc. COM 91879Q109   3,960,219 21,126 SH   SOLE   21,126 0 0
New York Mortgage Trust, Inc. Cum Conv Red Pfd Registered Shs Series E PFD 649604873   1,631,958 65,911 SH   SOLE   65,911 0 0
Omega Healthcare Investors, Inc. COM 681936100   4,254,961 112,416 SH   SOLE   112,416 0 0
ONEOK, Inc. COM 682680103   5,117,426 50,970 SH   SOLE   50,970 0 0
Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR Class B COM 400501102   1,849,553 26,945 SH   SOLE   26,945 0 0
OUTFRONT Media Inc. COM 69007J106   2,842,575 160,235 SH   SOLE   160,235 0 0
Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR Class B COM 400506101   1,831,749 10,467 SH   SOLE   10,467 0 0
PotlatchDeltic Corporation COM 737630103   1,392,604 35,480 SH   SOLE   35,480 0 0
Public Storage Depositary Shs Repr 1/1000th Cum Red Pfd Registered Shs Series H PFD 74460W644   2,617,068 112,562 SH   SOLE   112,562 0 0
RLJ Lodging Trust USD 1.95 Cum Conv Pfd Registered Shs Series A PFD 74965L200   961,372 39,143 SH   SOLE   39,143 0 0
Royalty Pharma Plc Class A COM G7709Q104   1,018,737 39,934 SH   SOLE   39,934 0 0
Redwood Trust, Inc. Cum Red Pfd Registered Shs A Series A PFD 758075808   1,724,930 67,248 SH   SOLE   67,248 0 0
Simon Property Group, Inc. COM 828806109   7,107,427 41,271 SH   SOLE   41,271 0 0
Smurfit Westrock PLC COM G8267P108   3,424,145 63,574 SH   SOLE   63,574 0 0
AT&T Inc Depositary Shs Perp Pfd Shs Series C PFD 00206R706   3,954,285 199,208 SH   SOLE   199,208 0 0
Terreno Realty Corporation COM 88146M101   2,371,779 40,104 SH   SOLE   40,104 0 0
Triton International Ltd. Conv Red Perp Pfd Registered Shs Series B PFD G9078F131   2,170,010 86,248 SH   SOLE   86,248 0 0
UDR, Inc. COM 902653104   1,463,817 33,720 SH   SOLE   33,720 0 0
WisdomTree Floating Rate Treasury Fund COM 97717Y527   4,017,585 79,840 SH   SOLE   79,840 0 0
VICI Properties Inc COM 925652109   4,889,941 167,406 SH   SOLE   167,406 0 0
Valero Energy Corporation COM 91913Y100   2,874,225 23,445 SH   SOLE   23,445 0 0
Williams Companies, Inc. COM 969457100   11,409,863 210,825 SH   SOLE   210,825 0 0
Xenia Hotels & Resorts, Inc. COM 984017103   1,414,364 95,179 SH   SOLE   95,179 0 0
Global X S&P 500 Covered Call ETF COM 37954Y475   2,735,756 65,292 SH   SOLE   65,292 0 0