Centersquare Investment Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Centersquare Investment Management LLC reported 79 stock positions worth $9.7 billion. Its top holding was Welltower (WELL) at 10.7% of the portfolio, followed by Prologis (PLD, 8.5%) and Equinix (EQIX, 8.3%). Compared with Q4 2025, it opened 4 new positions, sold out of 4, added to 22 and reduced 52. The biggest buy was First Industrial Realty TR (FR, shares +63%) and the biggest sale BXP (BXP, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- CONSHOHOCKEN, PA
- CIK
- 0001725296
- Portfolio Value
- $9.7B (Q1 2026)
- SEC Filing
- 0001725296-26-000003 ↗ filed May 8, 2026
Holdings Value
Holdings 79 stocks · $9.7B
| WELL Welltower Inc. | 10.72% | 5,242,709 | $1.0B | Reduce -5.4% |
| PLD Prologis Inc. | 8.51% | 6,228,113 | $823.2M | Reduce -5.6% |
| EQIX Equinix Inc. | 8.34% | 822,883 | $806.6M | Reduce -7.9% |
| DLR Digital Realty Trust Inc. | 5.71% | 3,064,909 | $552.3M | Reduce -7.2% |
| VTR Ventas Inc. | 5.01% | 5,928,521 | $484.8M | Reduce -8.7% |
| EXR Extra Space Storage Inc. | 3.39% | 2,499,190 | $327.7M | Reduce -17.6% |
| PSA Public Storage | 3.37% | 1,204,981 | $326.4M | Reduce -16.1% |
| BRX Brixmor Property Group Inc. | 3.30% | 11,071,067 | $318.8M | Reduce -10.6% |
| UDR Udr Inc. | 2.92% | 8,369,993 | $282.7M | Reduce -10.9% |
| SPG Simon Property Group Inc. | 2.70% | 1,400,195 | $261.2M | Reduce -8.6% |
| CPT Camden Property Trust | 2.67% | 2,648,172 | $258.6M | Reduce -6.4% |
| ADC Agree Realty Corp. | 2.67% | 3,429,575 | $258.5M | Add +4.0% |
| FR First Industrial Realty TR | 2.58% | 4,307,567 | $249.2M | Add +62.6% |
| O Realty Income Corp. | 2.51% | 3,961,881 | $242.4M | Reduce -8.8% |
| KIM Kimco Realty Corp. | 2.44% | 10,501,340 | $236.0M | Reduce -18.6% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.44% | 2,310,045 | $235.9M | Reduce -12.2% |
| KRG Kite Realty Group Trust | 2.00% | 7,897,787 | $193.9M | Reduce -4.1% |
| INVH Invitation Homes Inc. | 1.91% | 7,449,480 | $185.1M | Add +13.7% |
| AMH American Homes 4 Rent- A | 1.72% | 5,969,032 | $166.7M | Reduce -2.7% |
| ELS Equity Lifestyle Properties | 1.45% | 2,254,351 | $140.7M | Reduce -7.3% |
| MAC The Macerich Co. | 1.42% | 7,274,604 | $137.5M | Add +14.5% |
| AHR American Healthcare REIT Inc. | 1.36% | 2,781,453 | $131.2M | Reduce -8.0% |
| OHI Omega Healthcare Investors | 1.35% | 2,989,804 | $131.0M | Reduce -10.7% |
| HST Host Hotels & Resorts Inc. | 1.35% | 6,819,551 | $130.7M | Reduce -12.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.33% | 4,709,810 | $128.7M | Add +12.9% |
| HR Healthcare Realty Trust Inc. | 1.13% | 6,428,867 | $109.2M | Add +7.7% |
| ARE Alexandria Real Estate Equit | 0.97% | 2,024,892 | $94.0M | Add +26.4% |
| VNO Vornado Realty Trust | 0.92% | 3,429,047 | $89.1M | Add +14.2% |
| CUZ Cousins Properties Inc. | 0.90% | 3,855,235 | $87.0M | Reduce -34.1% |
| REXR Rexford Industrial Realty Inc. | 0.84% | 2,472,924 | $80.9M | Reduce -13.6% |
| MAA Mid-America Apartment Comm | 0.78% | 620,175 | $75.7M | Add +288.6% |
| SBRA Sabra Health Care REIT Inc. | 0.77% | 3,877,810 | $74.6M | Add +46.1% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.71% | 1,155,033 | $68.3M | Reduce -48.4% |
| DRH Diamondrock Hospitality Co. | 0.62% | 6,437,064 | $60.3M | Reduce -17.3% |
| CUBE Cubesmart | 0.60% | 1,585,114 | $58.1M | New |
| LXP LXP Industrial Trust | 0.60% | 1,254,120 | $58.0M | Add +1830.6% |
| AMT American Tower Corp. | 0.56% | 316,416 | $54.6M | Reduce -10.5% |
| NTST Netstreit Corp. | 0.56% | 2,858,355 | $53.8M | Reduce -21.8% |
| ESS Essex Property Trust Inc. | 0.54% | 216,616 | $52.4M | Reduce -60.5% |
| BNL Broadstone Net Lease Inc. | 0.50% | 2,637,688 | $48.2M | Reduce -29.1% |
| RHP Ryman Hospitality Properties | 0.49% | 512,335 | $47.3M | Add +106.6% |
| JAN Janus Living Inc. Class-A-1 | 0.48% | 1,980,000 | $46.7M | New |
| SLG SL Green Realty Corp. | 0.41% | 1,073,951 | $39.7M | Add +60.2% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 0.39% | 463,532 | $37.5M | Reduce -59.8% |
| FRT Federal Realty Invs Trust | 0.38% | 345,966 | $36.7M | Reduce -43.1% |
| LAMR Lamar Advertising Co. Class A | 0.36% | 276,074 | $35.0M | Add +30.2% |
| CCI Crown Castle Inc. | 0.34% | 402,640 | $32.7M | Add +33.6% |
| REG Regency Centers Corp. | 0.27% | 351,270 | $26.6M | Reduce -0.2% |
| IVT Inventrust Properties Corp. | 0.25% | 785,528 | $23.9M | Reduce -39.0% |
| COLD Americold Realty Trust Inc. | 0.25% | 2,077,612 | $23.8M | Reduce -10.4% |
| IRT Independence Realty Trust Inc. | 0.24% | 1,591,264 | $23.7M | Add +1914.3% |
| PDM Piedmont Realty Trust Inc. | 0.24% | 3,479,473 | $22.9M | Add +1.5% |
| DHC Diversified Healthcare Trust | 0.20% | 2,862,431 | $19.0M | Reduce -11.4% |
| AVB Avalonbay Communities Inc. | 0.18% | 104,590 | $17.1M | Reduce -11.6% |
| ESRT Empire State Realty Trust-A | 0.17% | 3,251,772 | $16.9M | Reduce -7.7% |
| EGP Eastgroup Properties Inc. | 0.16% | 83,041 | $15.4M | Reduce -80.3% |
| LINE Lineage Inc. | 0.16% | 463,820 | $15.2M | Reduce -12.7% |
| SBAC SBA Communications Corp. | 0.13% | 72,890 | $12.5M | Reduce -24.4% |
| SHO Sunstone Hotel Investors Inc. | 0.12% | 1,319,926 | $11.9M | Reduce -13.0% |
| VTMX Corp. Inmobiliaria Vesta-ADR filed as VESTA REAL ESTATE CORP | 0.12% | 338,060 | $11.3M | Add +2.3% |
| WY Weyerhaeuser Co. | 0.08% | 334,749 | $8.2M | Reduce -26.4% |
| HLT Hilton Worldwide Holdings Inc. | 0.08% | 25,731 | $7.8M | Add +27.7% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.07% | 51,323 | $6.5M | No change |
| DOC Healthpeak Properties Inc. | 0.06% | 344,132 | $5.7M | Reduce -93.4% |
| STAG Stag Industrial Inc. | 0.06% | 147,800 | $5.3M | Reduce -20.0% |
| TRNO Terreno Realty Corp. | 0.04% | 55,200 | $3.4M | Reduce -1.8% |
| KRC Kilroy Realty Corp. | 0.02% | 70,491 | $2.0M | Reduce -3.7% |
| CBRE CBRE Group Inc. Class A | 0.02% | 11,830 | $1.6M | Add +13.0% |
| CDP Copt Defense Properties | 0.02% | 52,000 | $1.6M | Reduce -8.8% |
| FVR Frontview REIT Inc. | 0.01% | 63,830 | $987K | Reduce -32.3% |
| BXP BXP Inc. | 0.01% | 14,260 | $740K | Reduce -99.2% |
| WPC WP Carey Inc. | 0.01% | 10,004 | $680K | New |
| NEE Nextera Energy Inc. | 0.00% | 4,750 | $441K | Reduce -9.5% |
| EPRT Essential Properties Realty | 0.00% | 14,170 | $430K | Reduce -16.4% |
| DEI Douglas Emmett Inc. | 0.00% | 39,750 | $374K | Reduce -98.4% |
| JLL Jones Lang Lasalle Inc. | 0.00% | 1,130 | $344K | Add +0.9% |
| FCPT Four Corners Property Trust | 0.00% | 14,140 | $334K | Reduce -8.4% |
| LTC LTC Properties Inc. filed as LTC PPTYS INC | 0.00% | 6,460 | $240K | New |
| ZG Zillow Group Inc. Class A | 0.00% | 5,070 | $210K | Add +0.6% |
Portfolio Sells Q4 2025 → Q1 2026
| BXP BXP Inc. | Reduce -99.2% | 0.01% | −1.15 |
| ESS Essex Property Trust Inc. | Reduce -60.5% | 0.54% | −0.87 |
| DOC Healthpeak Properties Inc. | Reduce -93.4% | 0.06% | −0.77 |
| VMRK Vivmark Residential | Reduce -48.4% | 0.71% | −0.69 |
| CUZ Cousins Properties Inc. | Reduce -34.1% | 0.90% | −0.59 |
| EGP Eastgroup Properties Inc. | Reduce -80.3% | 0.16% | −0.58 |
| EXR Extra Space Storage Inc. | Reduce -17.6% | 3.39% | −0.51 |
| NHI Natl Health Investors Inc. | Reduce -59.8% | 0.39% | −0.48 |
| UDR Udr Inc. | Reduce -10.9% | 2.92% | −0.48 |
| CPT Camden Property Trust | Reduce -6.4% | 2.67% | −0.40 |
| PSA Public Storage | Reduce -16.1% | 3.37% | −0.30 |
| DEI Douglas Emmett Inc. | Reduce -98.4% | 0.00% | −0.27 |
| REXR Rexford Industrial Realty Inc. | Reduce -13.6% | 0.84% | −0.26 |
| FRT Federal Realty Invs Trust | Reduce -43.1% | 0.38% | −0.22 |
| AMH American Homes 4 Rent- A | Reduce -2.7% | 1.72% | −0.22 |
| KIM Kimco Realty Corp. | Reduce -18.6% | 2.44% | −0.14 |
| BNL Broadstone Net Lease Inc. | Reduce -29.1% | 0.50% | −0.14 |
| RLJ RLJ Lodging Trust | Sold out | 0.00% | −0.13 |
| IVT Inventrust Properties Corp. | Reduce -39.0% | 0.25% | −0.11 |
| OHI Omega Healthcare Investors | Reduce -10.7% | 1.35% | −0.11 |
| SPG Simon Property Group Inc. | Reduce -8.6% | 2.70% | −0.10 |
| NTST Netstreit Corp. | Reduce -21.8% | 0.56% | −0.08 |
| DRH Diamondrock Hospitality Co. | Reduce -17.3% | 0.62% | −0.06 |
| SBAC SBA Communications Corp. | Reduce -24.4% | 0.13% | −0.05 |
| ESRT Empire State Realty Trust-A | Reduce -7.7% | 0.17% | −0.05 |
| COLD Americold Realty Trust Inc. | Reduce -10.4% | 0.25% | −0.05 |
| AMT American Tower Corp. | Reduce -10.5% | 0.56% | −0.05 |
| AHR American Healthcare REIT Inc. | Reduce -8.0% | 1.36% | −0.05 |
| XHR Xenia Hotels & Resorts Inc. | Sold out | 0.00% | −0.05 |
| AVB Avalonbay Communities Inc. | Reduce -11.6% | 0.18% | −0.04 |
| LINE Lineage Inc. | Reduce -12.7% | 0.16% | −0.03 |
| WY Weyerhaeuser Co. | Reduce -26.4% | 0.08% | −0.02 |
| HST Host Hotels & Resorts Inc. | Reduce -12.5% | 1.35% | −0.01 |
| STAG Stag Industrial Inc. | Reduce -20.0% | 0.06% | −0.01 |
| SHO Sunstone Hotel Investors Inc. | Reduce -13.0% | 0.12% | −0.01 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −0.01 |
| ELME Elme Communities | Sold out | 0.00% | −0.01 |
| KRC Kilroy Realty Corp. | Reduce -3.7% | 0.02% | −0.01 |
| FVR Frontview REIT Inc. | Reduce -32.3% | 0.01% | −0.00 |
| ELS Equity Lifestyle Properties | Reduce -7.3% | 1.45% | −0.00 |
| EPRT Essential Properties Realty | Reduce -16.4% | 0.00% | −0.00 |
| FCPT Four Corners Property Trust | Reduce -8.4% | 0.00% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -9.5% | 0.00% | +0.00 |
| CDP Copt Defense Properties | Reduce -8.8% | 0.02% | +0.00 |
| TRNO Terreno Realty Corp. | Reduce -1.8% | 0.04% | +0.00 |
| REG Regency Centers Corp. | Reduce -0.2% | 0.27% | +0.03 |
| DHC Diversified Healthcare Trust | Reduce -11.4% | 0.20% | +0.04 |
| VTR Ventas Inc. | Reduce -8.7% | 5.01% | +0.05 |
| KRG Kite Realty Group Trust | Reduce -4.1% | 2.00% | +0.06 |
| O Realty Income Corp. | Reduce -8.8% | 2.51% | +0.09 |
Portfolio Buys Q4 2025 → Q1 2026
| FR First Industrial Realty TR | Add +62.6% | 2.58% | +1.08 |
| CUBE Cubesmart | New | 0.60% | +0.60 |
| LXP LXP Industrial Trust | Add +1830.6% | 0.60% | +0.57 |
| MAA Mid-America Apartment Comm | Add +288.6% | 0.78% | +0.56 |
| JAN Janus Living Inc. Class-A-1 | New | 0.48% | +0.48 |
| ADC Agree Realty Corp. | Add +4.0% | 2.67% | +0.33 |
| SBRA Sabra Health Care REIT Inc. | Add +46.1% | 0.77% | +0.27 |
| MAC The Macerich Co. | Add +14.5% | 1.42% | +0.26 |
| RHP Ryman Hospitality Properties | Add +106.6% | 0.49% | +0.26 |
| IRT Independence Realty Trust Inc. | Add +1914.3% | 0.24% | +0.23 |
| ARE Alexandria Real Estate Equit | Add +26.4% | 0.97% | +0.20 |
| VICI Vici Properties Inc. | Add +12.9% | 1.33% | +0.17 |
| HR Healthcare Realty Trust Inc. | Add +7.7% | 1.13% | +0.13 |
| INVH Invitation Homes Inc. | Add +13.7% | 1.91% | +0.12 |
| SLG SL Green Realty Corp. | Add +60.2% | 0.41% | +0.11 |
| LAMR Lamar Advertising Co. Class A | Add +30.2% | 0.36% | +0.10 |
| CCI Crown Castle Inc. | Add +33.6% | 0.34% | +0.07 |
| HLT Hilton Worldwide Holdings Inc. | Add +27.7% | 0.08% | +0.02 |
| VTMX Corp. Inmobiliaria Vesta-ADR | Add +2.3% | 0.12% | +0.02 |
| WPC WP Carey Inc. | New | 0.01% | +0.01 |
| LTC LTC Properties Inc. | New | 0.00% | +0.00 |
| CBRE CBRE Group Inc. Class A | Add +13.0% | 0.02% | −0.00 |
| JLL Jones Lang Lasalle Inc. | Add +0.9% | 0.00% | −0.00 |
| ZG Zillow Group Inc. Class A | Add +0.6% | 0.00% | −0.00 |
| PDM Piedmont Realty Trust Inc. | Add +1.5% | 0.24% | −0.05 |
| VNO Vornado Realty Trust | Add +14.2% | 0.92% | −0.07 |
Notes & Other Activity Q4 2025 → Q1 2026
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Sold out | 127,246 | $2.4Mbefore exit |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | Sold out | 40,594 | $773Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 80 | $11.7B | WELL, EQIX, PLD, DLR, VTR |
| Q1 2026 | 79 | $9.7B | WELL, PLD, EQIX, DLR, VTR |
| Q4 2025 | 79 | $10.1B | WELL, PLD, EQIX, DLR, VTR |
| Q3 2025 | 78 | $10.0B | WELL, PLD, EQIX, DLR, VTR |
| Q2 2025 | 76 | $9.6B | WELL, EQIX, PLD, DLR, VTR |
| Q1 2025 | 75 | $9.7B | WELL, PLD, EQIX, VTR, DLR |
| Q4 2024 | 75 | $9.5B | EQIX, PLD, WELL, DLR, INVH |
| Q3 2024 | 92 | $10.7B | EQIX, PLD, WELL, DLR, EXR |
| Q2 2024 | 71 | $9.2B | PLD, EQIX, WELL, UDR, DLR |
| Q1 2024 | 72 | $8.7B | PLD, EQIX, WELL, O, UDR |