0001752724-22-052616.txt : 20220301 0001752724-22-052616.hdr.sgml : 20220301 20220301083952 ACCESSION NUMBER: 0001752724-22-052616 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220301 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COHEN & STEERS TOTAL RETURN REALTY FUND INC CENTRAL INDEX KEY: 0000891290 IRS NUMBER: 133680664 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07154 FILM NUMBER: 22694212 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128323232 MAIL ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: COHEN & STEERS OPPORTUNITY TRUST INC DATE OF NAME CHANGE: 19930714 NPORT-P 1 primary_doc.xml NPORT-P false 0000891290 XXXXXXXX COHEN & STEERS TOTAL RETURN REALTY FUND INC 811-07154 0000891290 GX4NWLLSAEWW78DPBS49 280 PARK AVENUE 10TH FLOOR NEW YORK 10017 212-832-3232 COHEN & STEERS TOTAL RETURN REALTY FUND INC GX4NWLLSAEWW78DPBS49 2021-12-31 2021-12-31 N 435463455.23 6172230.75 429291224.48 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 7009082.83000000 N Hersha Hospitality Trust 549300DNC58BIN1VO064 Hersha Hospitality Trust 427825609 13937.00000000 NS USD 319157.30000000 0.074345172181 Long EP US N 1 N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746RN3 400000.00000000 PA USD 438000.00000000 0.102028640471 Long DBT CORP US N 2 2025-06-15 Fixed 5.87500000 N N N N N N UMH Properties Inc 529900OM5K3PJ11F0Q09 UMH Properties Inc 903002509 20000.00000000 NS USD 519600.00000000 0.121036715956 Long EP US N 1 N N N Kite Realty Group Trust 549300OVTYLM7DH6CM14 Kite Realty Group Trust 76131VAB9 1000000.00000000 PA USD 1107794.26000000 0.258051922990 Long DBT US N 2 2030-09-15 Fixed 4.75000000 N N N N N N AMERICAN EXPRESS CO R4PP93JZOLY261QX3811 American Express Co 025816CH0 400000.00000000 PA USD 401350.00000000 0.093491312450 Long DBT CORP US N 2 2026-09-15 Fixed 3.55000000 N N N N N N TPG RE FINANCE TRUST INC N/A TPG RE Finance Trust Inc 87266M206 10000.00000000 NS USD 241200.00000000 0.056185634889 Long EP US N 1 N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 Banco Santander SA 05971KAH2 400000.00000000 PA USD 400716.00000000 0.093343627157 Long DBT CORP ES N 2 2026-11-12 Fixed 4.75000000 N N N N Y Banco Santander SA Banco Santander SA USD XXXX N N N Welltower Inc T6IZ0MBEG5ACZDTR7D06 Welltower Inc 95040Q104 197270.00000000 NS USD 16919847.90000000 3.941344927442 Long EC US N 1 N N N Highwoods Properties Inc ZIIGTYKL9T0X3HLTDX53 Highwoods Properties Inc 431284108 71119.00000000 NS USD 3171196.21000000 0.738705109530 Long EC US N 1 N N N LADDER CAP FIN LLLP/CORP N/A Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 505742AP1 500000.00000000 PA USD 513352.50000000 0.119581410177 Long DBT US N 2 2029-06-15 Fixed 4.75000000 N N N N N N Realty Income Corp 549300CUWDAUZSH43859 Realty Income Corp 756109104 187342.00000000 NS USD 13411813.78000000 3.124176087281 Long EC US N 1 N N N MONMOUTH REIT 549300DFIUDCN3KVN260 Monmouth Real Estate Investment Corp 609720404 72000.00000000 NS USD 1817280.00000000 0.423321022273 Long EP US N 1 N N N BROOKFIELD PPTY REIT INC N/A Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL 11284DAA3 250000.00000000 PA USD 259031.25000000 0.060339283737 Long DBT US N 2 2026-05-15 Fixed 5.75000000 N N N N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505EN0 567000.00000000 PA USD 614880.32000000 0.143231513932 Long DBT CORP US N 2 2025-03-17 Fixed 6.10000000 N N N N N N MACQUARIE BANK LONDON 4ZHCHI4KYZG2WVRT8631 Macquarie Bank Ltd/London 556079AB7 700000.00000000 PA USD 747540.50000000 0.174133655050 Long DBT CORP AU N 2 2027-03-08 Fixed 6.12500000 N N N N Y Macquarie Bank Ltd/London Macquarie Bank Ltd/London USD XXXX N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38141GYU2 600000.00000000 PA USD 610312.50000000 0.142167476341 Long DBT CORP US N 2 2026-11-10 Fixed 4.12500000 N N N N N N CENTERSPACE 5493002LG2SH9EEHT720 Centerspace 15202L206 19695.00000000 NS USD 513645.60000000 0.119649685507 Long EP US N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48128B549 22843.00000000 NS USD 596430.73000000 0.138933827664 Long EP CORP US N 1 N N N UDR Inc P3CH2EG5X6Z1XWU1OO74 UDR Inc 902653104 270149.00000000 NS USD 16206238.51000000 3.775115256462 Long EC US N 1 N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505EH3 875000.00000000 PA USD 942265.63000000 0.219493336054 Long DBT CORP US N 2 2024-09-05 Fixed 6.25000000 N N N N N N AT&T INC 549300Z40J86GGSTL398 AT&T Inc 000000000 500000.00000000 PA 571060.59000000 0.133024053937 Long DBT CORP US N 2 2025-03-02 Fixed 2.87500000 N N N N N N Ventas Inc ORQTRC074CWLT3DKHT41 Ventas Inc 92276F100 130725.00000000 NS USD 6682662.00000000 1.556673330114 Long EC US N 1 N N N GLOBAL NET LEASE/GLOBAL N/A Global Net Lease Inc / Global Net Lease Operating Partnership LP 37892AAA8 300000.00000000 PA USD 293227.73000000 0.068305083653 Long DBT US N 2 2027-12-15 Fixed 3.75000000 N N N N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HJQ4 1080000.00000000 PA USD 1171260.00000000 0.272835765841 Long DBT CORP US N 2 2024-02-01 Fixed 6.75000000 N N N N N N VODAFONE GROUP PLC 213800TB53ELEUKM7Q61 Vodafone Group PLC 92857WBW9 800000.00000000 PA USD 793264.00000000 0.184784583230 Long DBT CORP GB N 2 2081-06-04 Fixed 4.12500000 N N N N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967JM4 400000.00000000 PA USD 429000.00000000 0.099932161557 Long DBT CORP US N 2 2025-05-15 Fixed 5.95000000 N N N N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967KM2 430000.00000000 PA USD 486029.00000000 0.113216616665 Long DBT CORP US N 2 2026-08-15 Fixed 6.25000000 N N N N N N Americold Realty Trust 549300R7N1V5YV8MWH02 Americold Realty Trust 03064D108 190727.00000000 NS USD 6253938.33000000 1.456805537447 Long EC US N 1 N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 94988U151 18400.00000000 NS USD 475824.00000000 0.110839442519 Long EP CORP US N 1 N N N NATIONAL STORAGE AFFILIA N/A National Storage Affiliates Trust 637870205 15031.00000000 NS USD 391256.93000000 0.091140211513 Long EP US N 1 N N N GREEN BRICK PARTNERS INC 549300R7SCIV7FQI6T56 Green Brick Partners Inc 392709200 12500.00000000 NS USD 326750.00000000 0.076113831675 Long EP CORP US N 1 N N N Pebblebrook Hotel Trust 5493004Q1NNH6JXCSI52 Pebblebrook Hotel Trust 70509V704 28944.00000000 NS USD 731704.32000000 0.170444742001 Long EP US N 1 N N N Sun Communities Inc 549300H5GEOJYN41ZG57 Sun Communities Inc 866674104 46013.00000000 NS USD 9661349.61000000 2.250535081797 Long EC US N 1 N N N UMH Properties Inc 529900OM5K3PJ11F0Q09 UMH Properties Inc 903002400 32000.00000000 NS USD 833280.00000000 0.194105994365 Long EP US N 1 N N N Credit Suisse Group AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 000000000 500000.00000000 PA USD 512745.00000000 0.119439897850 Long DBT CORP CH N 2 2022-07-29 Fixed 7.12500000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG USD XXXX N N N Duke Realty Corp 254900E47KH1NFFKNF25 Duke Realty Corp 264411505 265848.00000000 NS USD 17450262.72000000 4.064900870297 Long EC US N 1 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 Digital Realty Trust Inc 253868830 19588.00000000 NS USD 539257.64000000 0.125615807929 Long EP US N 1 N N N Prologis Inc 529900DFH19P073LZ636 Prologis Inc 74340W103 128707.00000000 NS USD 21669110.52000000 5.047648142877 Long EC US N 1 N N N PUBLIC STORAGE 549300LMZF40TKJ6DM64 Public Storage 74460W461 33847.00000000 NS USD 849221.23000000 0.197819377982 Long EP US N 1 N N N Credit Suisse Group AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 22546DAB2 700000.00000000 PA USD 757916.60000000 0.176550685590 Long DBT CORP CH N 2 2023-12-11 Fixed 7.50000000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG USD XXXX N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AHN6 600000.00000000 PA USD 648030.00000000 0.150953470056 Long DBT CORP FR N 2 2024-03-25 Fixed 6.62500000 N N N N Y BNP Paribas SA BNP Paribas SA USD XXXX N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48128B655 25000.00000000 NS USD 672000.00000000 0.156537092230 Long EP CORP US N 1 N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967GD7 430000.00000000 PA USD 443975.00000000 0.103420469528 Long DBT CORP US N 2 2023-01-30 Fixed 5.95000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746TD3 1120000.00000000 PA USD 1151500.02000000 0.268232834573 Long DBT CORP US N 2 2026-03-15 Fixed 3.90000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48128B523 14000.00000000 NS USD 357280.00000000 0.083225554035 Long EP CORP US N 1 N N N SUNSTONE HOTEL INVESTORS 529900ZQ2V52V96ATF67 Sunstone Hotel Investors Inc 867892804 14000.00000000 NS USD 358120.00000000 0.083421225400 Long EP US N 1 N N N QBE Insurance Group Ltd 549300D2FBW76FPUSG65 QBE Insurance Group Ltd 000000000 606000.00000000 PA USD 672190.35000000 0.156581432759 Long DBT CORP AU N 2 2044-12-02 Fixed 6.75000000 N N N N N N American Tower Corp 5493006ORUSIL88JOE18 American Tower Corp 03027X100 128215.00000000 NS USD 37502887.50000000 8.736001427801 Long EC US N 1 N N N DTE Energy Co 549300IX8SD6XXD71I78 DTE Energy Co 233331859 12000.00000000 NS USD 310080.00000000 0.072230686843 Long EP CORP US N 1 N N N PS Business Parks Inc N/A PS Business Parks Inc 69360J578 18000.00000000 NS USD 469620.00000000 0.109394269721 Long EP US N 1 N N N PARK INTERMED HOLDINGS N/A Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer 70052LAC7 200000.00000000 PA USD 204804.00000000 0.047707474162 Long DBT US N 2 2029-05-15 Fixed 4.87500000 N N N N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48126HAC4 930000.00000000 PA USD 981731.25000000 0.228686540515 Long DBT CORP US N 2 2024-10-01 Fixed 6.10000000 N N N N N N REGIONS FINANCIAL CORP CW05CS5KW59QTC0DG824 Regions Financial Corp 7591EPAR1 200000.00000000 PA USD 219500.00000000 0.051130791286 Long DBT CORP US N 2 2025-06-15 Fixed 5.75000000 N N N N N N SITE Centers Corp W2AVA6SODOQ1LCYJQR54 SITE Centers Corp 82981J877 44952.00000000 NS USD 1156614.96000000 0.269424319446 Long EP US N 1 N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 95002Y400 9775.00000000 NS USD 243593.00000000 0.056743065338 Long EP CORP US N 1 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 Digital Realty Trust Inc 253868822 10175.00000000 NS USD 272486.50000000 0.063473577949 Long EP US N 1 N N N Vornado Realty Trust N/A Vornado Realty Trust 929042828 20933.00000000 NS USD 535047.48000000 0.124635084411 Long EP US N 1 N N N Lamar Advertising Co 529900Y8WW4MKVPTB543 Lamar Advertising Co 512816109 46505.00000000 NS USD 5641056.50000000 1.314039555975 Long EC US N 1 N N N Crown Castle International Corp 54930012H97VSM0I2R19 Crown Castle International Corp 22822V101 64762.00000000 NS USD 13518419.88000000 3.149009136251 Long EC US N 1 N N N Brixmor Property Group Inc 5299007UXW6Y0W2EGZ95 Brixmor Property Group Inc 11120U105 139499.00000000 NS USD 3544669.59000000 0.825702783534 Long EC US N 1 N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273VAN0 200000.00000000 PA USD 204000.00000000 0.047520188712 Long DBT CORP US N 2 2026-11-15 Fixed 6.50000000 N N N N N N Options Clearing Corp. 549300CII6SLYGKNHA04 HEALTHCARE TRUST OF AMERICA IN 000000000 -1.00000000 NC USD -60.00000000 -0.00001397652 N/A DE US N 1 Options Clearing Corp. 549300CII6SLYGKNHA04 Call Written Healthcare Trust of America Inc Healthcare Trust of America Inc 100.00000000 35.00000000 USD 2022-01-21 XXXX 33.58000000 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HJW1 1000000.00000000 PA USD 1067500.00000000 0.248665693386 Long DBT CORP US N 2 2024-04-30 Fixed 6.12500000 N N N N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460D109 59871.00000000 NS USD 22425281.76000000 5.223792260641 Long EC US N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48128B622 25000.00000000 NS USD 658500.00000000 0.153392373859 Long EP CORP US N 1 N N N Options Clearing Corp. 549300CII6SLYGKNHA04 CYRUSONE INC 000000000 -45.00000000 NC USD -225.00000000 -0.00005241197 N/A DE US N 2 Options Clearing Corp. 549300CII6SLYGKNHA04 Call Written CyrusOne Inc CyrusOne Inc 100.00000000 95.00000000 USD 2022-03-18 XXXX 4453.90000000 N N N SAUL CENTERS INC N/A Saul Centers Inc 804395879 23000.00000000 NS USD 631810.00000000 0.147175149169 Long EP US N 1 N N N Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC -4135.83000000 -0.00096340893 N/A DFE US N 2 Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 505626.00000000 EUR 571519.18000000 USD 2022-01-04 -4135.83000000 N N N BG LLH, LLC N/A BG LLH, LLC 000000000 21740.00000000 NS USD 2182913.40000000 0.508492434860 Long EC US Y 3 N N N Host Hotels & Resorts Inc N6EL63S0K3PB1YFTDI24 Host Hotels & Resorts Inc 44107P104 429309.00000000 NS USD 7465683.51000000 1.739072006198 Long EC US N 1 N N N DEUTSCHE BANK AG 7LTWFZYICNSX8D621K86 Deutsche Bank AG 000000000 200000.00000000 PA USD 199014.00000000 0.046358739394 Long DBT CORP DE N 2 2025-04-30 Fixed 4.78900000 N N N N Y Deutsche Bank AG Deutsche Bank AG USD XXXX N N N DIGITALBRIDGE GROUP INC 549300XG87L902AGBO89 DigitalBridge Group Inc 25401T306 36643.00000000 NS USD 965909.48000000 0.225000984161 Long EP US N 1 N N N BANK OF NY MELLON CORP WFLLPEPC7FZXENRZV188 Bank of New York Mellon Corp/The 064058AL4 500000.00000000 PA USD 503035.00000000 0.117178030044 Long DBT CORP US N 2 2026-12-20 Fixed 3.75000000 N N N N N N Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 PURCHASED USD / SOLD CAD 000000000 1.00000000 NC -1866.36000000 -0.00043475382 N/A DFE US N 2 Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 195412.00000000 CAD 152615.55000000 USD 2022-01-05 -1866.36000000 N N N INVITATION HOMES OP 549300147YMUQB3GW319 Invitation Homes Operating Partnership LP 46188BAB8 100000.00000000 PA USD 98993.27000000 0.023059700351 Long DBT US N 2 2028-11-15 Fixed 2.30000000 N N N N N N SVB FINANCIAL GROUP 549300D2KJ20JMXE7542 SVB Financial Group 78486QAP6 550000.00000000 PA USD 558731.25000000 0.130152031567 Long DBT CORP US N 2 2026-11-15 Fixed 4.25000000 N N N N N N SUMMIT HOTEL PROPERTIES 254900OBQWJK6X20LS71 Summit Hotel Properties Inc 866082704 19054.00000000 NS USD 490640.50000000 0.114290829167 Long EP US N 1 N N N Kimco Realty Corp 549300EA7I6T15IBYS12 Kimco Realty Corp 49446R109 288633.00000000 NS USD 7114803.45000000 1.657337267636 Long EC US N 1 N N N SBA COMMUNICATIONS CORP 5299001HX8ZN8Y8QIT49 SBA Communications Corp 78410GAD6 300000.00000000 PA USD 309397.50000000 0.072071703859 Long DBT US N 2 2027-02-15 Fixed 3.87500000 N N N N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent 02665T884 28350.00000000 NS USD 745605.00000000 0.173682795613 Long EP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent 02665T876 23645.00000000 NS USD 606021.35000000 0.141167886842 Long EP US N 1 N N N Essex Property Trust Inc 549300TR2H2VEFX0NC60 Essex Property Trust Inc 297178105 33139.00000000 NS USD 11672549.97000000 2.719028320259 Long EC US N 1 N N N EPR Properties 549300YSSXFHMPOWZ492 EPR Properties 26884U505 28541.00000000 NS USD 720945.66000000 0.167938597131 Long EP US N 1 N N N SUMMIT HOTEL PROPERTIES 254900OBQWJK6X20LS71 Summit Hotel Properties Inc 866082605 31105.00000000 NS USD 788511.75000000 0.183677584128 Long EP US N 1 N N N Spirit Realty Capital Inc 549300LTU6LVPZSHMJ25 Spirit Realty Capital Inc 84860W300 119672.00000000 NS USD 5766993.68000000 1.343375627346 Long EC US N 1 N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273V605 27235.00000000 NS USD 690407.25000000 0.160824915728 Long EP CORP US N 1 N N N HSBC Holdings PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BL2 900000.00000000 PA USD 970875.00000000 0.226157662825 Long DBT CORP GB N 2 2027-05-22 Fixed 6.00000000 N N N N Y HSBC Holdings PLC HSBC Holdings PLC USD XXXX N N N Options Clearing Corp. 549300CII6SLYGKNHA04 WEYERHAEUSER CO 000000000 -251.00000000 NC USD -42419.00000000 -0.00988117100 N/A DE US N 1 Options Clearing Corp. 549300CII6SLYGKNHA04 Call Written Weyerhaeuser Co Weyerhaeuser Co 100.00000000 40.00000000 USD 2022-01-21 XXXX -27213.64000000 N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 Energy Transfer LP 29273VAM2 505000.00000000 PA USD 513837.50000000 0.119694387096 Long DBT CORP US N 2 2030-05-15 Fixed 7.12500000 N N N N N N SABRA HEALTH CARE LP 549300OVKLRFSIQG0H81 Sabra Health Care LP 78574MAA1 150000.00000000 PA USD 146749.49000000 0.034184134599 Long DBT US N 2 2031-12-01 Fixed 3.20000000 N N N N N N AT&T INC 549300Z40J86GGSTL398 AT&T Inc 00206R508 15000.00000000 NS USD 402000.00000000 0.093642724816 Long EP CORP US N 1 N N N SBA Communications Corp 5299001HX8ZN8Y8QIT49 SBA Communications Corp 78410G104 12651.00000000 NS USD 4921492.02000000 1.146422693816 Long EC US N 1 N N N LXP INDUSTRIAL TRUST 549300S4MH2ICXDBFV43 LXP Industrial Trust 529043309 17289.00000000 NS USD 1076240.25000000 0.250701665589 Long EP US N 1 N N N VICI PROPERTIES / NOTE N/A VICI Properties LP / VICI Note Co Inc 92564RAE5 244000.00000000 PA USD 258452.12000000 0.060204379978 Long DBT US N 2 2030-08-15 Fixed 4.12500000 N N N N N N CTR PARTNERSHIP/CARETRST N/A CTR Partnership LP / CareTrust Capital Corp 126458AE8 400000.00000000 PA USD 408574.00000000 0.095174086191 Long DBT US N 2 2028-06-30 Fixed 3.87500000 N N N N N N SOUTHERN CO 549300FC3G3YU2FBZD92 Southern Co/The 842587DJ3 535000.00000000 PA USD 536337.50000000 0.124935584380 Long DBT CORP US N 2 2051-09-15 Fixed 3.75000000 N N N N N N ARMADA HOFFLER PROPERTIE 549300WQRSIV6XZT9313 Armada Hoffler Properties Inc 04208T207 53000.00000000 NS USD 1426775.90000000 0.332356176562 Long EP US N 1 N N N KKR REAL ESTATE FIN 549300K23AYZDZ2REL62 KKR Real Estate Finance Trust Inc 48251K209 20000.00000000 NS USD 514000.00000000 0.119732240187 Long EP US N 1 N N N ARBOR REALTY TRUST INC 549300ASFUWYQO0RW077 Arbor Realty Trust Inc 038923876 7200.00000000 NS USD 182520.00000000 0.042516592371 Long EP US N 1 N N N VICI PROPERTIES / NOTE N/A VICI Properties LP / VICI Note Co Inc 92564RAA3 350000.00000000 PA USD 364974.75000000 0.085017985271 Long DBT US N 2 2026-12-01 Fixed 4.25000000 N N N N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 Charles Schwab Corp/The 808513BK0 1250000.00000000 PA USD 1276562.50000000 0.297365151488 Long DBT CORP US N 2 2026-06-01 Fixed 4.00000000 N N N N N N DIVERSIFIED HEALTHCARE T N/A Diversified Healthcare Trust 25525P206 9184.00000000 NS USD 202874.56000000 0.047258026353 Long EP US N 1 N N N RLJ LODGING TRUST LP 549300RX5I8Z6I6LDZ74 RLJ Lodging Trust LP 74965LAA9 100000.00000000 PA USD 100655.50000000 0.023446903700 Long DBT US N 2 2026-07-01 Fixed 3.75000000 N N N N N N TANGER PROPERTIES LP PQPGJDNFN35EXH363L31 Tanger Properties LP 875484AL1 225000.00000000 PA USD 218721.44000000 0.050949431883 Long DBT US N 2 2031-09-01 Fixed 2.75000000 N N N N N N VORNADO REALTY LP 549300BMOJ05INE4YK86 Vornado Realty LP 929043AK3 150000.00000000 PA USD 150040.31000000 0.034950705126 Long DBT US N 2 2026-06-01 Fixed 2.15000000 N N N N N N SPIRIT REALTY CAPITAL IN 549300LTU6LVPZSHMJ25 Spirit Realty Capital Inc 84860W201 47667.00000000 NS USD 1225995.24000000 0.285585907674 Long EP US N 1 N N N Options Clearing Corp. 549300CII6SLYGKNHA04 EQUINIX INC 000000000 -12.00000000 NC USD -17460.00000000 -0.00406716909 N/A DE US N 2 Options Clearing Corp. 549300CII6SLYGKNHA04 Call Written Equinix Inc Equinix Inc 100.00000000 900.00000000 USD 2022-03-18 XXXX -521.06000000 N N N VORNADO REALTY TRUST N/A Vornado Realty Trust 929042810 20000.00000000 NS USD 529800.00000000 0.123412725392 Long EP US N 1 N N N URSTADT BIDDLE PROPERTIE 549300XXD0YL0AER3Z82 Urstadt Biddle Properties Inc 917286874 25000.00000000 NS USD 639250.00000000 0.148908238404 Long EP US N 1 N N N SVENSKA HANDELSBANKEN AB NHBDILHZTYCNBV5UYZ31 Svenska Handelsbanken AB 000000000 400000.00000000 PA USD 416100.00000000 0.096927208447 Long DBT CORP SE N 2 2027-03-01 Fixed 4.37500000 N N N N Y Svenska Handelsbanken AB Svenska Handelsbanken AB USD XXXX N N N RLJ LODGING TRUST LP 549300RX5I8Z6I6LDZ74 RLJ Lodging Trust LP 74965LAB7 200000.00000000 PA USD 198159.00000000 0.046159573897 Long DBT US N 2 2029-09-15 Fixed 4.00000000 N N N N N N REXFORD INDUSTRIAL REALT 549300MSLO0DF0EMX355 Rexford Industrial Realty Inc 76169C407 29000.00000000 NS USD 759220.00000000 0.176854302325 Long EP US N 1 N N N VICI Properties Inc 254900RKH6RY9KCJQH63 VICI Properties Inc 925652109 442202.00000000 NS USD 13314702.22000000 3.101554716411 Long EC US N 1 N N N NETSTREIT Corp 254900CJL0EDMEQ25Q84 NETSTREIT Corp 64119V303 100044.00000000 NS USD 2291007.60000000 0.533672124971 Long EC US N 1 N N N Simon Property Group Inc 529900GQL5X8H7AO3T64 Simon Property Group Inc 828806109 123149.00000000 NS USD 19675515.73000000 4.583255982889 Long EC US N 1 N N N HUDSON PACIFIC PROPERTIE N/A Hudson Pacific Properties Inc 444097307 28000.00000000 NS USD 730520.00000000 0.170168864011 Long EP US N 1 N N N RLJ Lodging Trust N/A RLJ Lodging Trust 74965L200 33675.00000000 NS USD 968493.00000000 0.225602794739 Long EP US N 1 N N N DIGITALBRIDGE GROUP INC 549300XG87L902AGBO89 DigitalBridge Group Inc 25401T405 74794.00000000 NS USD 1952871.34000000 0.454905953962 Long EP US N 1 N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967NB3 400000.00000000 PA USD 407500.00000000 0.094923906374 Long DBT CORP US N 2 2026-11-15 Fixed 4.15000000 N N N N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61761J406 15000.00000000 NS USD 423000.00000000 0.098534508948 Long EP CORP US N 1 N N N Healthcare Trust of America Inc 549300L0I14L7I0VLX84 Healthcare Trust of America Inc 42225P501 123110.00000000 NS USD 4110642.90000000 0.957541795777 Long EC US N 1 N N N BROOKFIELD PROP PFD LP N/A Brookfield Property Preferred LP 000000000 32000.00000000 NS USD 835840.00000000 0.194702326145 Long EP CORP BM N 1 N N N US CELLULAR CORP N/A United States Cellular Corp 911684884 21378.00000000 NS USD 560531.16000000 0.130571306385 Long EP CORP US N 1 N N N Cedar Realty Trust Inc 54930056URX93R2RSN82 Cedar Realty Trust Inc 150602506 15000.00000000 NS USD 379050.00000000 0.088296703586 Long EP US N 1 N N N SVB FINANCIAL GROUP 549300D2KJ20JMXE7542 SVB Financial Group 78486QAJ0 870000.00000000 PA USD 875437.50000000 0.203926251010 Long DBT CORP US N 2 2026-05-15 Fixed 4.00000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967MU2 900000.00000000 PA USD 909000.00000000 0.211744370293 Long DBT CORP US N 2 2025-12-10 Fixed 4.00000000 N N N N N N UBS Group AG 549300SZJ9VS8SGXAN81 UBS Group AG 90352JAF0 600000.00000000 PA USD 647367.00000000 0.150799029443 Long DBT CORP CH N 2 2024-01-31 Fixed 7.00000000 N N N N Y UBS Group AG UBS Group AG USD XXXX N N N Societe Generale O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83368JFA3 600000.00000000 PA USD 693921.01000000 0.161643418367 Long DBT CORP FR N 2 2025-09-29 Fixed 8.00000000 N N N N Y Societe Generale SA Societe Generale SA USD XXXX N N N AMERICAN FIN TR/FINAN OP N/A American Finance Trust Inc / American Finance Operating Partner LP 02608AAA7 550000.00000000 PA USD 554881.25000000 0.129255204476 Long DBT US N 2 2028-09-30 Fixed 4.50000000 N N N N N N Barclays PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBG9 600000.00000000 PA USD 664668.00000000 0.154829160741 Long DBT CORP GB N 2 2024-06-15 Fixed 8.00000000 N N N N Y Barclays PLC Barclays PLC USD XXXX N N N AGREE REALTY CORP N/A Agree Realty Corp 008492209 15501.00000000 NS USD 367683.72000000 0.085649018436 Long EP US N 1 N N N Apartment Income REIT Corp N/A Apartment Income REIT Corp 03750L109 106840.00000000 NS USD 5840942.80000000 1.360601490765 Long EC US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent 02665T868 24838.00000000 NS USD 671867.90000000 0.156506320578 Long EP US N 1 N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc/The 693475BC8 600000.00000000 PA USD 592044.00000000 0.137911973559 Long DBT CORP US N 2 2026-09-15 Fixed 3.40000000 N N N N N N State Street Institutional Treasury Money Market Fund 549300Q3FHSMZ70NLT76 State Street Institutional Treasury Money Market Fund 857492870 3557380.76000000 NS USD 3557380.76000000 0.828663750187 Long STIV RF US N 2 N N N Options Clearing Corp. 549300CII6SLYGKNHA04 WELLTOWER INC 000000000 -89.00000000 NC USD -1780.00000000 -0.00041463694 N/A DE US N 2 Options Clearing Corp. 549300CII6SLYGKNHA04 Put Written Welltower Inc Welltower Inc 100.00000000 77.50000000 USD 2022-01-21 XXXX 13579.50000000 N N N CITY OFFICE REIT 5493003J7157VP25NL57 City Office REIT Inc 178587200 20543.00000000 NS USD 531036.55000000 0.123700769947 Long EP US N 1 N N N Digital Realty Trust Inc 549300HKCZ31D08NEI41 Digital Realty Trust Inc 253868103 52089.00000000 NS USD 9212981.43000000 2.146091255687 Long EC US N 1 N N N Saul Centers Inc N/A Saul Centers Inc 804395804 39100.00000000 NS USD 1016600.00000000 0.236808940418 Long EP US N 1 N N N Weyerhaeuser Co 08IRJODWFYBI7QWRGS31 Weyerhaeuser Co 962166104 225240.00000000 NS USD 9275383.20000000 2.160627255130 Long EC US N 1 N N N DIVERSIFIED HEALTHCARE T N/A Diversified Healthcare Trust 25525PAA5 300000.00000000 PA USD 324964.50000000 0.075697913553 Long DBT US N 2 2025-06-15 Fixed 9.75000000 N N N N N N Extra Space Storage Inc N/A Extra Space Storage Inc 30225T102 70130.00000000 NS USD 15900574.90000000 3.703913332787 Long EC US N 1 N N N Enbridge Inc 98TPTUM4IVMFCZBCUR27 Enbridge Inc 29250NAN5 300000.00000000 PA USD 322687.64000000 0.075167537000 Long DBT CORP CA N 2 2077-01-15 Fixed 6.00000000 N N N N N N SEMPRA ENERGY PBBKGKLRK5S5C0Y4T545 Sempra Energy 816851BM0 500000.00000000 PA USD 506635.93000000 0.118016838246 Long DBT CORP US N 2 2052-04-01 Fixed 4.12500000 N N N N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 Pebblebrook Hotel Trust 70509V803 28566.00000000 NS USD 750143.16000000 0.174739924140 Long EP US N 1 N N N Equinix Inc 549300EVUN2BTLJ3GT74 Equinix Inc 29444U700 16851.00000000 NS USD 14253249.84000000 3.320181971402 Long EC US N 1 N N N Healthpeak Properties Inc PZ9HF5U52KPF0MH0QN75 Healthpeak Properties Inc 42250P103 341973.00000000 NS USD 12341805.57000000 2.874926126186 Long EC US N 1 N N N Cousins Properties Inc 5493007XPYD5EJABN062 Cousins Properties Inc 222795502 62650.00000000 NS USD 2523542.00000000 0.587839176786 Long EC US N 1 N N N ING GROEP NV 549300NYKK9MWM7GGW15 ING Groep NV 456837AR4 600000.00000000 PA USD 646251.00000000 0.150539066057 Long DBT CORP NL N 2 2026-11-16 Fixed 5.75000000 N N N N Y ING Groep NV ING Groep NV USD XXXX N N N Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 PURCHASED CAD / SOLD USD 000000000 1.00000000 NC 1976.77000000 0.000460472958 N/A DFE CA N 2 Brown Brothers Harriman & Co. 5493006KMX1VFTPYPW14 152505.14000000 USD 195412.00000000 CAD 2022-01-05 1976.77000000 N N N ALLSTATE CORP OBT0W1ED8G0NWVOLOJ77 Allstate Corp/The 020002838 15000.00000000 NS USD 406800.00000000 0.094760846903 Long EP CORP US N 1 N N N ING Groep NV 549300NYKK9MWM7GGW15 ING Groep NV 000000000 400000.00000000 PA USD 432266.80000000 0.100693136814 Long DBT CORP NL N 2 2024-04-16 Fixed 6.75000000 N N N N Y ING Groep NV ING Groep NV USD XXXX N N N SCENTRE GROUP TRUST 2 549300VRF0U0JH8TBJ74 Scentre Group Trust 2 76025LAB0 1100000.00000000 PA USD 1179750.00000000 0.274813444283 Long DBT AU N 2 2080-09-24 Fixed 5.12500000 N N N N N N SL Green Realty Corp 549300VQZPJU97H3GT17 SL Green Realty Corp 78440X507 14408.00000000 NS USD 380083.04000000 0.088537342094 Long EP US N 1 N N N PEBBLEBROOK HOTEL TRUST 5493004Q1NNH6JXCSI52 Pebblebrook Hotel Trust 70509V886 24000.00000000 NS USD 590400.00000000 0.137529016745 Long EP US N 1 N N N KILROY REALTY LP 5493008CT3N3JR7P1552 Kilroy Realty LP 49427RAR3 75000.00000000 PA USD 72996.62000000 0.017003986067 Long DBT US N 2 2033-11-15 Fixed 2.65000000 N N N N N N Invitation Homes Inc N/A Invitation Homes Inc 46187W107 237528.00000000 NS USD 10769519.52000000 2.508674509488 Long EC US N 1 N N N OFFICE PPTY INCOME TRST N/A Office Properties Income Trust 67623CAE9 200000.00000000 PA USD 193725.23000000 0.045126762196 Long DBT CORP US N 2 2027-02-01 Fixed 2.40000000 N N N N N N SUNSTONE HOTEL INVESTORS 529900ZQ2V52V96ATF67 Sunstone Hotel Investors Inc 867892887 9827.00000000 NS USD 246706.84000000 0.057468409772 Long EP US N 1 N N N BROOKFIELD PROPERTY PART 5493004J5Z0TZW83NU62 Brookfield Property Partners LP 000000000 23926.00000000 NS USD 563696.56000000 0.131308661313 Long EP CORP BM N 1 N N N VORNADO REALTY TRUST N/A Vornado Realty Trust 929042794 18350.00000000 NS USD 453245.00000000 0.105579842809 Long EP US N 1 N N N 2022-02-22 COHEN & STEERS TOTAL RETURN REALTY FUND INC Albert Laskaj Albert Laskaj Treasurer and Chief Financial Officer