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
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Agree Realty Corporation COM 008492100 10,354,657 136,713 SH SOLE 136,713 0 0
American Healthcare REIT, Inc. COM 398182303 4,696,576 90,058 SH SOLE 90,058 0 0
American Tower Corporation COM 03027X100 30,595,547 187,048 SH SOLE 187,048 0 0
AvalonBay Communities, Inc. COM 053484101 13,430,237 71,176 SH SOLE 71,176 0 0
Brixmor Property Group, Inc. COM 11120U105 3,396,081 107,709 SH SOLE 107,709 0 0
Crown Castle Inc. COM 22822V101 8,148,129 107,594 SH SOLE 107,594 0 0
Camden Property Trust COM 133131102 4,758,211 41,560 SH SOLE 41,560 0 0
CareTrust REIT, Inc. COM 14174T107 9,103,469 225,612 SH SOLE 225,612 0 0
Curbline Properties Corp. COM 23128Q101 3,605,639 118,606 SH SOLE 118,606 0 0
Digital Realty Trust, Inc. COM 253868103 33,597,165 187,087 SH SOLE 187,087 0 0
EastGroup Properties, Inc. COM 277276101 29,584,736 146,075 SH SOLE 146,075 0 0
Equity LifeStyle Properties, Inc. COM 29472R108 6,416,189 99,552 SH SOLE 99,552 0 0
Equinix, Inc. COM 29444U700 52,525,233 50,389 SH SOLE 50,389 0 0
Equity Residential COM 29476L107 6,416,189 94,452 SH SOLE 94,452 0 0
Essex Property Trust, Inc. COM 297178105 14,145,201 48,510 SH SOLE 48,510 0 0
Extra Space Storage Inc. COM 30225T102 16,006,574 110,162 SH SOLE 110,162 0 0
Farmland Partners Inc COM 31154R109 3,827,525 395,405 SH SOLE 395,405 0 0
First Industrial Realty Trust, Inc. COM 32054K103 5,984,745 97,614 SH SOLE 97,614 0 0
Federal Realty Investment Trust COM 313745101 1,553,198 12,582 SH SOLE 12,582 0 0
Host Hotels & Resorts, Inc. COM 44107P104 9,319,191 393,049 SH SOLE 393,049 0 0
InterContinental Hotels Group PLC Sponsored ADR COM 45857P806 1,688,795 9,755 SH SOLE 9,755 0 0
Iron Mountain, Inc. COM 46284v101 12,419,425 98,324 SH SOLE 98,324 0 0
Janus Living, Inc. Class A COM 471024109 1,596,343 55,544 SH SOLE 55,544 0 0
Kite Realty Group Trust COM 49803T300 24,943,630 878,915 SH SOLE 878,915 0 0
Lamar Advertising Company Class A COM 512816109 7,075,682 45,362 SH SOLE 45,362 0 0
Lineage, Inc. COM 53566V106 3,593,312 83,082 SH SOLE 83,082 0 0
Mid-America Apartment Communities, Inc. COM 59522J103 7,790,647 56,072 SH SOLE 56,072 0 0
Realty Income Corporation COM 756109104 17,128,329 276,441 SH SOLE 276,441 0 0
Omega Healthcare Investors, Inc. COM 681936100 7,365,366 154,474 SH SOLE 154,474 0 0
OUTFRONT Media Inc. COM 69007J304 6,792,162 207,330 SH SOLE 207,330 0 0
Prologis, Inc. COM 74340W103 31,994,659 236,175 SH SOLE 236,175 0 0
Public Storage COM 74460D109 12,832,379 40,314 SH SOLE 40,314 0 0
Postal Realty Trust, Inc. Class A COM 73757R102 1,491,563 60,534 SH SOLE 60,534 0 0
Regency Centers Corporation COM 758849103 16,425,691 205,990 SH SOLE 205,990 0 0
Ryman Hospitality Properties, Inc. COM 78377T107 1,540,871 11,986 SH SOLE 11,986 0 0
Sabra Health Care REIT, Inc. COM 78573L106 4,634,941 237,567 SH SOLE 237,567 0 0
Simon Property Group, Inc. COM 828806109 29,590,899 132,308 SH SOLE 132,308 0 0
Sun Communities, Inc. COM 866674104 9,442,461 78,746 SH SOLE 78,746 0 0
Terreno Realty Corporation COM 88146M101 26,102,366 403,000 SH SOLE 403,000 0 0
UMH Properties, Inc. COM 903002103 1,306,659 86,305 SH SOLE 86,305 0 0
WisdomTree Floating Rate Treasury Fund COM 97717Y527 3,075,579 61,084 SH SOLE 61,084 0 0
Ventas, Inc. COM 92276F100 28,130,153 316,780 SH SOLE 316,780 0 0
Welltower Inc. COM 95040Q104 59,465,319 261,996 SH SOLE 261,996 0 0
W. P. Carey Inc. COM 92936U109 7,704,358 107,753 SH SOLE 107,753 0 0
Weyerhaeuser Company COM 962166104 10,311,513 430,723 SH SOLE 430,723 0 0
Chiron Real Estate Inc. COM 37954A303 3,260,484 86,899 SH SOLE 86,899 0 0
American Public Education, Inc. COM 02913V103 1,123,100 20,914 SH SOLE 20,914 0 0
Astec Industries, Inc. COM 046224101 6,489,653 106,057 SH SOLE 106,057 0 0
ATEN Networks, Inc. COM 002121101 5,830,503 156,062 SH SOLE 156,062 0 0
Aurinia Pharmaceuticals Inc. COM 05156V102 3,216,536 189,542 SH SOLE 189,542 0 0
Axogen, Inc. COM 05463X106 8,956,513 193,905 SH SOLE 193,905 0 0
AZZ Inc. COM 002474104 8,000,322 51,598 SH SOLE 51,598 0 0
BK Technologies Corp. COM 05587G203 5,423,132 63,074 SH SOLE 63,074 0 0
BioLife Solutions, Inc. COM 09062W204 5,318,460 188,330 SH SOLE 188,330 0 0
Bladex, Inc. Class E COM P16994132 8,786,775 142,944 SH SOLE 142,944 0 0
CareDx, Inc. COM 14167L103 4,478,256 157,131 SH SOLE 157,131 0 0
Collegium Pharmaceutical, Inc. COM 19459J104 4,212,333 116,362 SH SOLE 116,362 0 0
Daktronics, Inc. COM 234264109 3,804,962 194,527 SH SOLE 194,527 0 0
Esquire Financial Holdings, Inc. COM 29667J101 4,953,523 41,587 SH SOLE 41,587 0 0
EZCORP, Inc. Class A COM 302301106 6,868,734 198,690 SH SOLE 198,690 0 0
Farmland Partners Inc COM 31154R109 2,896,863 299,262 SH SOLE 299,262 0 0
Genius Sports Limited COM G3934V109 3,072,259 506,973 SH SOLE 506,973 0 0
Graham Corporation COM 384556106 7,228,013 58,389 SH SOLE 58,389 0 0
Gorman-Rupp Company COM 383082104 8,840,525 96,365 SH SOLE 96,365 0 0
Hallador Energy Co COM 40609P105 2,101,923 120,869 SH SOLE 120,869 0 0
Hawkins, Inc. COM 420261109 5,273,196 37,109 SH SOLE 37,109 0 0
MarineMax, Inc. COM 567908108 2,339,556 63,887 SH SOLE 63,887 0 0
IMAX Corporation COM 45245E109 1,869,948 46,912 SH SOLE 46,912 0 0
Innodata Inc. COM 457642205 5,482,540 72,539 SH SOLE 72,539 0 0
Innoviva, Inc. COM 45781M101 6,000,241 264,211 SH SOLE 264,211 0 0
IRadimed Corp. COM 46266A109 6,345,375 66,402 SH SOLE 66,402 0 0
Ligand Pharmaceuticals Incorporated COM 53220K504 10,495,472 33,204 SH SOLE 33,204 0 0
Lincoln Educational Services Corporation COM 533535100 10,441,721 209,252 SH SOLE 209,252 0 0
Mama's Creations, Inc. COM 56146T103 8,735,853 489,403 SH SOLE 489,403 0 0
Medallion Financial Corp. COM 583928106 4,056,740 397,330 SH SOLE 397,330 0 0
Mistras Group, Inc. COM 60649T107 1,360,733 77,889 SH SOLE 77,889 0 0
MNTN, Inc Class A COM 55318A108 2,005,738 218,015 SH SOLE 218,015 0 0
Natural Gas Services Group, Inc. COM 63886Q109 3,332,524 77,249 SH SOLE 77,249 0 0
NPK International Inc. COM 651718504 8,659,471 544,278 SH SOLE 544,278 0 0
Netskope, Inc. Class A COM 64119N608 4,928,062 450,462 SH SOLE 450,462 0 0
NWPX Infrastructure Inc. COM 667746101 7,991,835 53,300 SH SOLE 53,300 0 0
Omnicell, Inc. COM 68213N109 4,925,233 118,623 SH SOLE 118,623 0 0
OUTFRONT Media Inc. COM 69007J304 4,263,255 130,136 SH SOLE 130,136 0 0
Park Aerospace Corp. COM 70014A104 6,144,519 161,019 SH SOLE 161,019 0 0
Postal Realty Trust, Inc. Class A COM 73757R102 3,001,535 121,815 SH SOLE 121,815 0 0
ProPetro Holding Corp. COM 74347M108 2,523,439 175,972 SH SOLE 175,972 0 0
Solaris Energy Infrastructure, Inc. Class A COM 83418M103 10,031,521 124,677 SH SOLE 124,677 0 0
SIGA Technologies Inc COM 826917106 2,039,686 560,353 SH SOLE 560,353 0 0
Sprott Inc. COM 852066208 4,384,900 39,028 SH SOLE 39,028 0 0
Spok Holdings, Inc. COM 84863T106 2,209,424 215,764 SH SOLE 215,764 0 0
Strata Critical Medical, Inc. Class A COM 092667104 7,533,542 1,429,514 SH SOLE 1,429,514 0 0
Strawberry Fields REIT Inc COM 863182101 1,756,789 127,766 SH SOLE 127,766 0 0
WisdomTree Floating Rate Treasury Fund COM 97717Y527 11,171,595 221,878 SH SOLE 221,878 0 0
Universal Technical Institute, Inc. COM 913915104 9,086,646 212,453 SH SOLE 212,453 0 0
Vox Royalty Corp COM 92919F103 2,998,706 633,975 SH SOLE 633,975 0 0
TeraWulf Inc. COM 88080T104 10,008,889 405,218 SH SOLE 405,218 0 0
Chiron Real Estate Inc. COM 37954A303 5,103,458 136,019 SH SOLE 136,019 0 0
Adamas Trust, Inc. Pfd Registered Shs Series E PFD 649604873 1,336,597 52,829 SH SOLE 52,829 0 0
American Healthcare REIT, Inc. COM 398182303 2,245,410 43,056 SH SOLE 43,056 0 0
Albemarle Corporation Depository Shs Pfd Registered Shs PFD 012653200 2,979,804 53,835 SH SOLE 53,835 0 0
Amgen Inc. COM 031162100 4,406,365 12,168 SH SOLE 12,168 0 0
Air Products and Chemicals, Inc. COM 009158106 877,601 2,993 SH SOLE 2,993 0 0
Ares Capital Corporation COM 04010L103 2,629,131 141,885 SH SOLE 141,885 0 0
Archrock Inc. COM 03957W106 1,589,963 39,055 SH SOLE 39,055 0 0
Bank of America Corp Pfd Registered Shs Series L PFD 060505682 2,278,458 1,816 SH SOLE 1,816 0 0
Brookfield Asset Management Ltd. Class A COM 113004105 1,775,398 39,585 SH SOLE 39,585 0 0
Boeing Company Pfd Registered shs Series A PFD 097023204 4,415,545 65,609 SH SOLE 65,609 0 0
Popular, Inc. COM 733174700 1,938,800 11,808 SH SOLE 11,808 0 0
Citigroup Inc. COM 172967424 3,482,864 24,884 SH SOLE 24,884 0 0
Cohen & Steers, Inc. COM 19247A100 1,507,344 19,797 SH SOLE 19,797 0 0
Copa Holdings, S.A. Class A COM P31076105 3,501,224 22,505 SH SOLE 22,505 0 0
Clearway Energy, Inc. Class C COM 18539C204 2,961,444 86,642 SH SOLE 86,642 0 0
DHT Holdings, Inc. COM Y2065G121 3,277,234 198,259 SH SOLE 198,259 0 0
Devon Energy Corporation COM 25179M103 1,470,624 35,591 SH SOLE 35,591 0 0
Okeanis Eco Tankers Corp. COM Y64177101 1,119,951 22,345 SH SOLE 22,345 0 0
EPR Properties Pfd Shs Series C PFD 26884U208 2,805,386 109,499 SH SOLE 109,499 0 0
Equinix, Inc. COM 29444U700 5,111,384 4,903 SH SOLE 4,903 0 0
Diamondback Energy, Inc. COM 25278X109 4,055,692 23,072 SH SOLE 23,072 0 0
Farmland Partners Inc COM 31154R109 1,151,163 118,921 SH SOLE 118,921 0 0
Gaming and Leisure Properties, Inc. COM 36467J108 1,610,159 36,158 SH SOLE 36,158 0 0
Getty Realty Corp. COM 374297109 1,940,636 58,172 SH SOLE 58,172 0 0
InterDigital, Inc. COM 45867G101 4,422,889 15,621 SH SOLE 15,621 0 0
Kodiak Gas Services, Inc. COM 50012A108 886,781 11,803 SH SOLE 11,803 0 0
Kinetik Holdings Inc. Class A COM 02215L209 2,441,860 50,514 SH SOLE 50,514 0 0
Kite Realty Group Trust COM 49803T300 4,712,975 166,066 SH SOLE 166,066 0 0
Lineage, Inc. COM 536020100 888,617 20,546 SH SOLE 20,546 0 0
Dorian LPG Ltd. COM Y2106R110 866,585 24,916 SH SOLE 24,916 0 0
Matson, Inc. COM 57686G105 1,292,533 6,723 SH SOLE 6,723 0 0
Microchip Technology Incorporated Pfd Shs Depositary Shares Pfd Shs Series A PFD 595017302 1,435,740 18,716 SH SOLE 18,716 0 0
Millrose Properties Inc Class A COM 601137102 2,346,389 78,082 SH SOLE 78,082 0 0
Marex Group plc COM G5S37H101 2,700,734 44,310 SH SOLE 44,310 0 0
Omega Healthcare Investors, Inc. COM 681936100 4,281,518 89,796 SH SOLE 89,796 0 0
ONEOK, Inc. COM 682680103 3,521,420 40,504 SH SOLE 40,504 0 0
OUTFRONT Media Inc. COM 69007J304 4,191,555 127,947 SH SOLE 127,947 0 0
Pitney Bowes Inc. Notes Sr PFD 724479506 1,856,181 94,318 SH SOLE 94,318 0 0
PG&E Corporation Pfd Shs A Non Voting PFD 69331C306 2,489,596 60,178 SH SOLE 60,178 0 0
Pebblebrook Hotel Trust Pfd Registered Shs of Benef Interest Series F PFD 70509V704 840,881 43,299 SH SOLE 43,299 0 0
PepsiCo, Inc. COM 713448108 738,066 5,451 SH SOLE 5,451 0 0
Prologis, Inc. COM 74340W103 5,069,156 37,419 SH SOLE 37,419 0 0
NEOS Nasdaq 100 High Income ETF COM 78433H675 1,773,562 31,230 SH SOLE 31,230 0 0
QXO, Inc. Deposit Shs Repr Pfd Shs Series B COM 82846H504 1,358,629 27,875 SH SOLE 27,875 0 0
Royalty Pharma Plc Class A COM G7709Q104 4,889,229 87,198 SH SOLE 87,198 0 0
Redwood Trust, Inc. Cum Red Pfd Registered Shs A Series A COM 758075808 1,340,269 53,718 SH SOLE 53,718 0 0
Sabine Royalty Trust COM 785688102 3,528,764 48,207 SH SOLE 48,207 0 0
Southern Copper Corporation COM 84265V105 3,383,721 19,417 SH SOLE 19,417 0 0
Simon Property Group, Inc. COM 828806109 7,435,742 33,247 SH SOLE 33,247 0 0
Sun Communities, Inc. COM 866674104 783,965 6,537 SH SOLE 6,537 0 0
Transportadora de Gas del Sur SA Sponsored ADR Class B RegS COM 893870204 1,758,874 59,161 SH SOLE 59,161 0 0
Timken Company COM 887389104 3,354,345 23,082 SH SOLE 23,082 0 0
AT&T Inc Depositary Shs Perp Pfd Shs Series C PFD 00206R706 2,831,089 158,693 SH SOLE 158,693 0 0
Terreno Realty Corporation COM 88146M101 2,093,023 32,314 SH SOLE 32,314 0 0
Triton International Ltd. Conv Red Perp Pfd Registered Shs Series B PFD G9078F131 1,733,170 69,160 SH SOLE 69,160 0 0
Union Pacific Corporation COM 907818108 1,382,497 5,082 SH SOLE 5,082 0 0
United Parcel Service, Inc. Class B COM 911312106 1,775,398 16,515 SH SOLE 16,515 0 0
WisdomTree Floating Rate Treasury Fund COM 97717Y527 11,965,118 237,638 SH SOLE 237,638 0 0
Valero Energy Corporation COM 91913Y100 4,872,706 18,709 SH SOLE 18,709 0 0
Waste Management, Inc. COM 94106L109 2,104,039 9,440 SH SOLE 9,440 0 0
Williams Companies, Inc. COM 969457100 5,089,352 68,460 SH SOLE 68,460 0 0
Xcel Energy Inc. COM 98389B100 1,371,481 17,079 SH SOLE 17,079 0 0
Xenia Hotels & Resorts, Inc. COM 984017103 1,551,407 76,198 SH SOLE 76,198 0 0
Chiron Real Estate Inc. COM 37954A303 2,810,894 74,917 SH SOLE 74,917 0 0
Global X S&P Covered Call ETF COM 37954Y475 2,113,219 51,807 SH SOLE 51,807 0 0
Clear Secure, Inc. Class A COM 18467V109 850,061 15,253 SH SOLE 15,253 0 0
Alkermes Public Limited Company COM G01767105 41,978 801 SH SOLE 801 0 0
Advanced Micro Devices, Inc. COM 007903107 59,383 102 SH SOLE 102 0 0
Amgen Inc. COM 031162100 131,679 363 SH SOLE 363 0 0
Amazon.com, Inc. COM 023135106 89,360 374 SH SOLE 374 0 0
Arrow Electronics, Inc. COM 042735100 83,671 392 SH SOLE 392 0 0
ATEN Networks, Inc. COM 002121101 198,742 5,319 SH SOLE 5,319 0 0
BK Technologies Corp. COM 05587G203 64,218 746 SH SOLE 746 0 0
Bladex, Inc. Class E COM P16994132 141,861 2,307 SH SOLE 2,307 0 0
Popular, Inc. COM 733174700 81,169 494 SH SOLE 494 0 0
Cipher Digital Inc. COM 17253J106 120,530 4,919 SH SOLE 4,919 0 0
Coherent Corp. COM 902104108 145,672 369 SH SOLE 369 0 0
Dell Technologies, Inc. Class C COM 24703L202 80,884 187 SH SOLE 187 0 0
Digital Realty Trust, Inc. COM 253868103 39,816 221 SH SOLE 221 0 0
Entegris, Inc. COM 29362U104 51,079 283 SH SOLE 283 0 0
Equinix, Inc. COM 29444U700 130,314 125 SH SOLE 125 0 0
Extra Space Storage Inc. COM 30225T102 25,596 176 SH SOLE 176 0 0
Fortinet, Inc. COM 34959E109 88,165 573 SH SOLE 573 0 0
GE Aerospace COM 369604301 103,978 278 SH SOLE 278 0 0
Alphabet Inc. Class A COM 02079K305 203,008 568 SH SOLE 568 0 0
Gorman-Rupp Company COM 383082104 102,784 1,120 SH SOLE 1,120 0 0
Intuitive Surgical, Inc. COM 46120E602 23,719 59 SH SOLE 59 0 0
Keysight Technologies Inc COM 49338L103 139,301 397 SH SOLE 397 0 0
Ligand Pharmaceuticals Incorporated COM 53220K504 330,421 1,045 SH SOLE 1,045 0 0
Lincoln Educational Services Corporation COM 533535100 261,937 5,249 SH SOLE 5,249 0 0
Lineage, Inc. COM 53566V106 57,734 1,334 SH SOLE 1,334 0 0
Eli Lilly and Company COM 532457108 153,294 127 SH SOLE 127 0 0
Lattice Semiconductor Corporation COM 518415104 72,125 471 SH SOLE 471 0 0
Mama's Creations, Inc. COM 56146T103 60,009 3,361 SH SOLE 3,361 0 0
Mitek Systems, Inc. COM 606710200 115,525 5,738 SH SOLE 5,738 0 0
Merck & Co., Inc. COM 58933Y105 13,878 108 SH SOLE 108 0 0
Marex Group plc COM G5S37H101 67,176 1,102 SH SOLE 1,102 0 0
Nebius Group N.V. Class A COM N97284108 216,546 784 SH SOLE 784 0 0
Okta, Inc. Class A COM 679295105 99,996 732 SH SOLE 732 0 0
Palo Alto Networks, Inc. COM 697435105 91,066 267 SH SOLE 267 0 0
PulteGroup, Inc. COM 745867101 45,220 329 SH SOLE 329 0 0
Park Aerospace Corp. COM 70014A104 206,591 5,413 SH SOLE 5,413 0 0
Qnity Electronics, Inc. COM 74743L100 194,931 1,193 SH SOLE 1,193 0 0
RTX Corporation COM 75513E101 85,150 448 SH SOLE 448 0 0
Solaris Energy Infrastructure, Inc. Class A COM 83418M103 90,952 1,130 SH SOLE 1,130 0 0
Champion Homes, Inc. COM 830830105 34,014 386 SH SOLE 386 0 0
Southern Company COM 842587107 60,350 630 SH SOLE 630 0 0
Texas Capital Bancshares, Inc. COM 88224Q107 150,791 1,460 SH SOLE 1,460 0 0
Union Pacific Corporation COM 907818108 114,330 420 SH SOLE 420 0 0
WisdomTree Floating Rate Treasury Fund COM 97717Y527 143,624 2,852 SH SOLE 2,852 0 0
Universal Technical Institute, Inc. COM 913915104 284,462 6,650 SH SOLE 6,650 0 0
Virtu Financial, Inc. Class A COM 928254101 52,103 874 SH SOLE 874 0 0
Wells Fargo & Company COM 949746101 51,192 619 SH SOLE 619 0 0
TeraWulf Inc. COM 88080T104 329,796 13,352 SH SOLE 13,352 0 0
Xcel Energy Inc. COM 98389B100 27,359 340 SH SOLE 340 0 0
Zions Bancorporation NA COM 989701107 94,365 1,363 SH SOLE 1,363 0 0