LDR Capital Management LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 26, 2024), LDR Capital Management LLC reported 34 stock positions worth $82.6 million. Its top holding was SL Green Realty (SLG) at 13.7% of the portfolio, followed by Sabra Health Care REIT (SBRA, 8.5%) and Healthcare Realty Trust (HR, 6.0%). Compared with Q1 2024, it opened 3 new positions, sold out of 2, added to 8 and reduced 18. The biggest buy was Sabra Health Care REIT (SBRA, shares +5%) and the biggest sale Blackstone Mortgage Tru Class A (BXMT, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001566089
- Portfolio Value
- $82.6M (Q2 2024)
- SEC Filing
- 0001172661-24-002955 ↗ filed Jul 26, 2024
Holdings Value
Holdings 34 stocks · $82.6M
| SLG SL Green Realty Corp. | 13.71% | 200,000 | $11.3M | Reduce -33.3% |
| SBRA Sabra Health Care REIT Inc. | 8.46% | 454,219 | $7.0M | Add +4.7% |
| HR Healthcare Realty Trust Inc. | 6.02% | 302,104 | $5.0M | Reduce -2.7% |
| DOC Healthpeak Properties Inc. | 5.75% | 242,528 | $4.8M | Reduce -8.1% |
| UE Urban Edge Properties | 5.03% | 224,828 | $4.2M | Reduce -0.8% |
| KRG Kite Realty Group Trust | 4.60% | 170,017 | $3.8M | Add +24.0% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 4.58% | 236,461 | $3.8M | No change |
| STWD Starwood Property Trust Inc. | 4.04% | 176,217 | $3.3M | Add +21.8% |
| KW Kennedy-Wilson Holdings Inc. | 3.74% | 317,810 | $3.1M | Add +7.7% |
| BRX Brixmor Property Group Inc. | 3.69% | 131,987 | $3.0M | Reduce -1.8% |
| BDN Brandywine Realty Trust | 3.37% | 621,627 | $2.8M | Add +15.1% |
| BIPC Brookfield Infrastructure-A | 3.33% | 81,868 | $2.8M | Add +22.2% |
| XLRE SS Real Estate Select Sector | 3.20% | 68,840 | $2.6M | Reduce -18.4% |
| STAG Stag Industrial Inc. | 3.08% | 70,564 | $2.5M | Add +5.0% |
| VRE Veris Residential Inc. | 2.71% | 149,522 | $2.2M | No change |
| AVB Avalonbay Communities Inc. | 2.18% | 8,688 | $1.8M | Reduce -8.3% |
| CCI Crown Castle Inc. | 2.13% | 18,034 | $1.8M | Reduce -0.2% |
| PSA Public Storage | 2.13% | 6,123 | $1.8M | Reduce -8.4% |
| HHH Howard Hughes Holdings Inc. | 2.04% | 26,011 | $1.7M | Add +48.7% |
| EQIX Equinix Inc. | 2.03% | 2,217 | $1.7M | Reduce -0.2% |
| INVH Invitation Homes Inc. | 2.02% | 46,526 | $1.7M | Reduce -8.5% |
| PLD Prologis Inc. | 1.98% | 14,588 | $1.6M | Reduce -0.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.96% | 56,569 | $1.6M | Reduce -0.3% |
| AMT American Tower Corp. | 1.92% | 8,147 | $1.6M | Reduce -9.5% |
| ALEX Alexander & Baldwin Inc. | 1.81% | 88,299 | $1.5M | Reduce -21.1% |
| IRT Independence Realty Trust Inc. | 1.71% | 75,283 | $1.4M | No change |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.58% | 27,672 | $483K | New |
| ELME Elme Communities | 0.44% | 23,043 | $367K | New |
| CCS Century Communities Inc. | 0.43% | 4,358 | $356K | Reduce -33.2% |
| ALCO Alico Inc. | 0.41% | 13,110 | $340K | Reduce -36.2% |
| COLD Americold Realty Trust Inc. | 0.38% | 12,330 | $315K | New |
| BXMT Blackstone Mortgage Tru Class A | 0.27% | 12,940 | $225K | Reduce -99.2% |
| DRH Diamondrock Hospitality Co. | 0.14% | 13,244 | $112K | No change |
| CLDT Chatham Lodging Trust | 0.12% | 11,300 | $96K | No change |
Other holdings (6): bonds, preferreds, convertibles and warrants · $27.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 305,886 | $8.5M | Reduce -0.6% |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 295,579 | $7.4M | Add +1.1% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 219,978 | $4.2M | Add +0.7% |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | 58,917 | $3.2M | Add +0.4% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 44,490 | $2.0M | Add +7.9% |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | 142,930 | $1.8M | Add +0.2% |
Total filed on the 13F, all lines: $109.8M.
Portfolio Sells Q1 2024 → Q2 2024
| BXMT Blackstone Mortgage Tru Class A | Reduce -99.2% | 0.27% | −25.85 |
| AIRC Apartment Income REIT Co. | Sold out | 0.00% | −3.19 |
| CBRE CBRE Group Inc. Class A | Sold out | 0.00% | −0.69 |
| CCS Century Communities Inc. | Reduce -33.2% | 0.43% | −0.09 |
| ALCO Alico Inc. | Reduce -36.2% | 0.41% | −0.08 |
| SLG SL Green Realty Corp. | Reduce -33.3% | 13.71% | +0.13 |
| ALEX Alexander & Baldwin Inc. | Reduce -21.1% | 1.81% | +0.30 |
| PLD Prologis Inc. | Reduce -0.3% | 1.98% | +0.42 |
| AMT American Tower Corp. | Reduce -9.5% | 1.92% | +0.46 |
| XLRE SS Real Estate Select Sector | Reduce -18.4% | 3.20% | +0.46 |
| EQIX Equinix Inc. | Reduce -0.2% | 2.03% | +0.53 |
| INVH Invitation Homes Inc. | Reduce -8.5% | 2.02% | +0.53 |
| PSA Public Storage | Reduce -8.4% | 2.13% | +0.54 |
| CCI Crown Castle Inc. | Reduce -0.2% | 2.13% | +0.56 |
| VICI Vici Properties Inc. | Reduce -0.3% | 1.96% | +0.57 |
| AVB Avalonbay Communities Inc. | Reduce -8.3% | 2.18% | +0.73 |
| BRX Brixmor Property Group Inc. | Reduce -1.8% | 3.69% | +1.10 |
| DOC Healthpeak Properties Inc. | Reduce -8.1% | 5.75% | +1.69 |
| UE Urban Edge Properties | Reduce -0.8% | 5.03% | +1.81 |
| HR Healthcare Realty Trust Inc. | Reduce -2.7% | 6.02% | +2.42 |
Portfolio Buys Q1 2024 → Q2 2024
| SBRA Sabra Health Care REIT Inc. | Add +4.7% | 8.46% | +3.21 |
| KRG Kite Realty Group Trust | Add +24.0% | 4.60% | +2.16 |
| KW Kennedy-Wilson Holdings Inc. | Add +7.7% | 3.74% | +1.66 |
| STWD Starwood Property Trust Inc. | Add +21.8% | 4.04% | +1.62 |
| BIPC Brookfield Infrastructure-A | Add +22.2% | 3.33% | +1.35 |
| BDN Brandywine Realty Trust | Add +15.1% | 3.37% | +1.24 |
| HHH Howard Hughes Holdings Inc. | Add +48.7% | 2.04% | +1.00 |
| STAG Stag Industrial Inc. | Add +5.0% | 3.08% | +0.96 |
| CTO Cto Realty Growth Inc. | New | 0.58% | +0.58 |
| ELME Elme Communities | New | 0.44% | +0.44 |
| COLD Americold Realty Trust Inc. | New | 0.38% | +0.38 |
Notes & Other Activity Q1 2024 → Q2 2024
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -0.6% | 305,886 | $8.5M |
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Add +1.1% | 295,579 | $7.4M |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +0.7% | 219,978 | $4.2M |
| KIMCO REALTY CORP (KIM 7.25 PERP N) | DP CV CL N 7.25% | Add +0.4% | 58,917 | $3.2M |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Add +7.9% | 44,490 | $2.0M |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Add +0.2% | 142,930 | $1.8M |
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 | 38 | $62.7M | EQIX, DLR, CCI, SPG, SLG |
| Q1 2026 | 37 | $51.2M | EQIX, AMT, PLD, ELS, WELL |
| Q4 2025 | 34 | $46.0M | CCI, DLR, PLD, AMT, SUI |
| Q3 2025 | 26 | $36.7M | VICI, EQIX, AMT, ELS, DHC |
| Q2 2025 | 21 | $43.8M | VICI, EQIX, AMT, ELS, DHC |
| Q1 2025 | 21 | $50.5M | AMT, REXR, EQIX, VICI, ELS |
| Q4 2024 | 27 | $52.2M | EQIX, STWD, KRG, AMT, VICI |
| Q3 2024 | 27 | $60.5M | HR, DOC, KRG, UMH, KW |
| Q2 2024 | 34 | $82.6M | SLG, SBRA, HR, DOC, UE |
| Q1 2024 | 33 | $121.8M | BXMT, SLG, SBRA, DOC, HR |