LDR Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), LDR Capital Management LLC reported 37 stock positions worth $51.2 million. Its top holding was Equinix (EQIX) at 11.9% of the portfolio, followed by American Tower (AMT, 9.5%) and Prologis (PLD, 6.1%). Compared with Q4 2025, it opened 8 new positions, sold out of 5, added to 8 and reduced 11. The biggest buy was Equinix (EQIX, shares +86%) and the biggest sale an exit from Sun Communities (SUI).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001566089
- Portfolio Value
- $51.2M (Q1 2026)
- SEC Filing
- 0001172661-26-001643 ↗ filed May 11, 2026
Holdings Value
Holdings 37 stocks · $51.2M
| EQIX Equinix Inc. | 11.87% | 6,192 | $6.1M | Add +86.2% |
| AMT American Tower Corp. | 9.50% | 28,156 | $4.9M | Add +81.7% |
| PLD Prologis Inc. | 6.06% | 23,448 | $3.1M | No change |
| ELS Equity Lifestyle Properties | 5.58% | 45,723 | $2.9M | New |
| WELL Welltower Inc. | 4.79% | 12,401 | $2.5M | Add +14.5% |
| GLPI Gaming and Leisure Propertie | 4.64% | 53,519 | $2.4M | No change |
| DLR Digital Realty Trust Inc. | 3.82% | 10,853 | $2.0M | Reduce -54.6% |
| PSA Public Storage | 3.64% | 6,881 | $1.9M | Add +59.8% |
| SPG Simon Property Group Inc. | 3.60% | 9,861 | $1.8M | No change |
| VRT Vertiv Holdings Co. Class A | 3.58% | 7,301 | $1.8M | No change |
| O Realty Income Corp. | 3.50% | 29,285 | $1.8M | No change |
| CCI Crown Castle Inc. | 3.48% | 21,866 | $1.8M | Reduce -53.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 3.15% | 58,909 | $1.6M | Reduce -0.2% |
| ESS Essex Property Trust Inc. | 2.77% | 5,852 | $1.4M | No change |
| VTR Ventas Inc. | 2.55% | 15,962 | $1.3M | Reduce -29.3% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.46% | 12,344 | $1.3M | Reduce -18.6% |
| SLG SL Green Realty Corp. | 2.08% | 28,869 | $1.1M | Add +304.2% |
| OHI Omega Healthcare Investors | 1.99% | 23,233 | $1.0M | New |
| ARI Apollo Commercial Real Estat | 1.96% | 95,131 | $1.0M | New |
| CHCT Community Healthcare Trust I | 1.81% | 58,236 | $925K | Reduce -23.2% |
| MAC The Macerich Co. | 1.81% | 48,942 | $925K | Add +334.0% |
| FTAI Ftai Aviation Ltd. | 1.72% | 3,596 | $881K | Reduce -22.9% |
| PMT Pennymac Mortgage Investment | 1.52% | 66,483 | $775K | Add +252.0% |
| DHC Diversified Healthcare Trust | 1.39% | 107,256 | $712K | Reduce -60.3% |
| CBRE CBRE Group Inc. Class A | 1.39% | 5,242 | $710K | New |
| BRX Brixmor Property Group Inc. | 1.27% | 22,590 | $651K | No change |
| WY Weyerhaeuser Co. | 1.23% | 25,855 | $632K | Add +185.9% |
| EGP Eastgroup Properties Inc. | 1.09% | 3,026 | $560K | No change |
| EXPE Expedia Group Inc. | 0.99% | 2,193 | $506K | New |
| LINE Lineage Inc. | 0.96% | 15,054 | $493K | New |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.88% | 31,162 | $450K | Reduce -56.0% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.73% | 20,210 | $374K | Reduce -66.7% |
| ARE Alexandria Real Estate Equit | 0.48% | 5,336 | $248K | New |
| XRN Chiron Real Estate Inc. | 0.46% | 7,043 | $233K | No change |
| HST Host Hotels & Resorts Inc. | 0.43% | 11,555 | $221K | No change |
| KRG Kite Realty Group Trust | 0.40% | 8,293 | $204K | New |
| EXR Extra Space Storage Inc. | 0.40% | 1,549 | $203K | Reduce -77.4% |
Other holdings (7): bonds, preferreds, convertibles and warrants · $23.2M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | 287,768 | $6.9M | Reduce -1.1% |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | 173,004 | $5.3M | Reduce -37.1% |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | 228,278 | $4.4M | Reduce -2.3% |
| RITHM PROPERTY TRUST (RPT V9.875 PERP) | 9.875 FXD-FLT C | 99,012 | $2.4M | New |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | 112,186 | $2.2M | Reduce -0.2% |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | 30,778 | $1.4M | Reduce -0.0% |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | 27,950 | $632K | Add +1.0% |
Total filed on the 13F, all lines: $74.4M.
Portfolio Sells Q4 2025 → Q1 2026
| SUI Sun Communities Inc. | Sold out | 0.00% | −5.62 |
| CCI Crown Castle Inc. | Reduce -53.5% | 3.48% | −5.61 |
| DLR Digital Realty Trust Inc. | Reduce -54.6% | 3.82% | −4.21 |
| CTO Cto Realty Growth Inc. | Reduce -66.7% | 0.73% | −1.69 |
| INVH Invitation Homes Inc. | Sold out | 0.00% | −1.63 |
| UMH Umh Properties Inc. | Reduce -56.0% | 0.88% | −1.57 |
| EXR Extra Space Storage Inc. | Reduce -77.4% | 0.40% | −1.54 |
| DHC Diversified Healthcare Trust | Reduce -60.3% | 1.39% | −1.45 |
| VTR Ventas Inc. | Reduce -29.3% | 2.55% | −1.24 |
| CHCT Community Healthcare Trust I | Reduce -23.2% | 1.81% | −0.90 |
| STWD Starwood Property Trust Inc. | Sold out | 0.00% | −0.89 |
| SBAC SBA Communications Corp. | Sold out | 0.00% | −0.84 |
| VICI Vici Properties Inc. | Reduce -0.2% | 3.15% | −0.46 |
| AVB Avalonbay Communities Inc. | Sold out | 0.00% | −0.45 |
| FTAI Ftai Aviation Ltd. | Reduce -22.9% | 1.72% | −0.27 |
| IRM Iron Mountain Inc. | Reduce -18.6% | 2.46% | −0.27 |
Portfolio Buys Q4 2025 → Q1 2026
| EQIX Equinix Inc. | Add +86.2% | 11.87% | +6.33 |
| ELS Equity Lifestyle Properties | New | 5.58% | +5.58 |
| AMT American Tower Corp. | Add +81.7% | 9.50% | +3.59 |
| OHI Omega Healthcare Investors | New | 1.99% | +1.99 |
| ARI Apollo Commercial Real Estat | New | 1.96% | +1.96 |
| CBRE CBRE Group Inc. Class A | New | 1.39% | +1.39 |
| SLG SL Green Realty Corp. | Add +304.2% | 2.08% | +1.37 |
| MAC The Macerich Co. | Add +334.0% | 1.81% | +1.36 |
| PSA Public Storage | Add +59.8% | 3.64% | +1.22 |
| PMT Pennymac Mortgage Investment | Add +252.0% | 1.52% | +1.00 |
| EXPE Expedia Group Inc. | New | 0.99% | +0.99 |
| LINE Lineage Inc. | New | 0.96% | +0.96 |
| WY Weyerhaeuser Co. | Add +185.9% | 1.23% | +0.77 |
| ARE Alexandria Real Estate Equit | New | 0.48% | +0.48 |
| WELL Welltower Inc. | Add +14.5% | 4.79% | +0.43 |
| KRG Kite Realty Group Trust | New | 0.40% | +0.40 |
Notes & Other Activity Q4 2025 → Q1 2026
| RLJ LODGING TRUST (RLJ 1.95 PERP A) | CUM CONV PFD A | Reduce -1.1% | 287,768 | $6.9M |
| EPR PROPERTIES (EPR 9 PERP E) | CONV PFD 9% SR E | Reduce -37.1% | 173,004 | $5.3M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.375 PERP E) | 6.375 PFD SER E | Reduce -2.3% | 228,278 | $4.4M |
| RITHM PROPERTY TRUST (RPT V9.875 PERP) | 9.875 FXD-FLT C | New | 99,012 | $2.4M |
| PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) | 6.3 CUM PFD SR F | Reduce -0.2% | 112,186 | $2.2M |
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Sold out | 134,177 | $2.0Mbefore exit |
| LXP INDUSTRIAL TRUST (LXP 6.5 PERP C) | PFD CONV SER C | Reduce -0.0% | 30,778 | $1.4M |
| EPR PROPERTIES (EPR 5.75 PERP C) | PFD C CV 5.75% | Add +1.0% | 27,950 | $632K |
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 |