The Securities and Exchange Commission has not necessarily
reviewed the information in this filing and has not determined
if it is accurate and complete.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| 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 |
| Abbott Laboratories | COM | 002824100 | 181 | 2,000 | SH | SOLE | 1 | 0 | 0 | 2,000 | |
| AbbVie Inc. | COM | 00287Y109 | 428 | 1,700 | SH | SOLE | 1 | 0 | 0 | 1,700 | |
| Abrdn Bloomberg All Commodit | COM | 003261203 | 885 | 25,911 | SH | SOLE | 1 | 25,911 | 0 | 0 | |
| Acadia Realty Trust | COM | 004239109 | 421,335 | 20,149,944 | SH | SOLE | 1 | 15,016,634 | 0 | 5,133,310 | |
| Adams Express Co | COM | 006212104 | 28,147 | 1,101,635 | SH | SOLE | 1 | 1,101,635 | 0 | 0 | |
| Adams Natural Resources Fund | COM | 00548F105 | 4,425 | 178,985 | SH | SOLE | 1 | 178,985 | 0 | 0 | |
| Adobe Systems Incorporated | COM | 00724F101 | 62 | 300 | SH | SOLE | 1 | 0 | 0 | 300 | |
| Advanced Micro Devic | COM | 007903107 | 813 | 1,400 | SH | SOLE | 1 | 0 | 0 | 1,400 | |
| Aflac Incorporated | COM | 001055102 | 152 | 1,300 | SH | SOLE | 1 | 0 | 0 | 1,300 | |
| Agnico Eagle Mines Ltd | COM | 008474108 | 9,011 | 58,085 | SH | SOLE | 1 | 57,385 | 0 | 700 | |
| Agree Realty Corp. | COM | 008492100 | 1,242,395 | 16,403,414 | SH | SOLE | 1,2 | 12,517,425 | 0 | 3,885,989 | |
| Alliance National Muni Inc. | COM | 01864U106 | 890 | 78,000 | SH | SOLE | 1 | 78,000 | 0 | 0 | |
| Alliant Energy Corporation | COM | 018802108 | 230,136 | 3,016,592 | SH | SOLE | 1,2 | 2,920,672 | 0 | 95,920 | |
| Allspring Income Opportunities Fund | COM | 94987B105 | 5,621 | 864,743 | SH | SOLE | 1 | 864,743 | 0 | 0 | |
| Alphabet Inc 6.250 Convertible Sr:A | PFD | 02079K404 | 1,908 | 37,500 | SH | SOLE | 1 | 37,500 | 0 | 0 | |
| Alphabet Inc 6.250 Convertible Sr:B | PFD | 02079K602 | 1,886 | 37,500 | SH | SOLE | 1 | 37,500 | 0 | 0 | |
| Alphabet Inc CL A | COM | 02079K305 | 3,216 | 9,000 | SH | SOLE | 1 | 0 | 0 | 9,000 | |
| Altria Group Inc. | COM | 02209S103 | 288 | 4,000 | SH | SOLE | 1 | 0 | 0 | 4,000 | |
| Amazon.com Inc. | COM | 023135106 | 1,788 | 7,500 | SH | SOLE | 1 | 0 | 0 | 7,500 | |
| Ameren Corporation | COM | 023608102 | 215,515 | 1,906,537 | SH | SOLE | 1,2 | 1,847,117 | 0 | 59,420 | |
| American Electric Power Company Inc. | COM | 025537101 | 231,567 | 1,692,618 | SH | SOLE | 1,2 | 1,586,547 | 0 | 106,071 | |
| American Healthcare Reit Inc | COM | 398182303 | 221,236 | 4,242,293 | SH | SOLE | 1 | 146,892 | 0 | 4,095,401 | |
| American Homes 4 Rent-CL | COM | 02665T306 | 82 | 2,447 | SH | SOLE | 1 | 2,447 | 0 | 0 | |
| American Tower Corporation | COM | 03027X100 | 2,253,635 | 13,777,789 | SH | SOLE | 1,2 | 13,138,903 | 0 | 638,886 | |
| Ameriprise Financial Inc. | COM | 03076C106 | 92 | 200 | SH | SOLE | 1 | 0 | 0 | 200 | |
| AMETEK Inc. | COM | 031100100 | 194 | 800 | SH | SOLE | 1 | 0 | 0 | 800 | |
| Anthem Inc. | COM | 036752103 | 85 | 220 | SH | SOLE | 1 | 0 | 0 | 220 | |
| Apple Inc. | COM | 037833100 | 3,472 | 12,000 | SH | SOLE | 1 | 0 | 0 | 12,000 | |
| Applied Materials Inc. | COM | 038222105 | 723 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Applovin Corp-Class A | COM | 03831W108 | 258 | 500 | SH | SOLE | 1 | 0 | 0 | 500 | |
| Archer-Daniels-Midland Company | COM | 039483102 | 191 | 2,500 | SH | SOLE | 1 | 0 | 0 | 2,500 | |
| Arko Petroleum Corp | COM | 04124A100 | 20,578 | 1,091,697 | SH | SOLE | 1 | 1,091,697 | 0 | 0 | |
| Astera Labs Inc | COM | 04626A103 | 2,560 | 5,300 | SH | SOLE | 1 | 4,500 | 0 | 800 | |
| Atmos Energy Corp. | COM | 049560105 | 110,481 | 641,326 | SH | SOLE | 1,2 | 623,866 | 0 | 17,460 | |
| Automatic Data Processing Inc. | COM | 053015103 | 148 | 660 | SH | SOLE | 1 | 0 | 0 | 660 | |
| AvalonBay Communities Inc | COM | 053484101 | 16,103 | 85,343 | SH | SOLE | 1 | 119 | 0 | 85,224 | |
| Avenue Income Credit Strategy | COM | 003057106 | 3,669 | 705,500 | SH | SOLE | 1 | 705,500 | 0 | 0 | |
| Avery Dennison Corporation | COM | 053611109 | 146 | 900 | SH | SOLE | 1 | 0 | 0 | 900 | |
| Babson Cap Global | COM | 06760L100 | 3,046 | 216,013 | SH | SOLE | 1 | 216,013 | 0 | 0 | |
| Barrick Mining Corp | COM | 06849F108 | 14,718 | 400,704 | SH | SOLE | 1 | 395,704 | 0 | 5,000 | |
| Berkshire Hathaway Inc. | COM | 084670702 | 500 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Black Hills Corp | COM | 092113109 | 119,634 | 1,607,981 | SH | SOLE | 1,2 | 1,534,971 | 0 | 73,010 | |
| Blackrock Capital Allocation | COM | 09260U109 | 25,052 | 1,572,657 | SH | SOLE | 1 | 1,572,657 | 0 | 0 | |
| Blackrock Corporate High Yield Fund 6 | COM | 09255P107 | 8,478 | 990,417 | SH | SOLE | 1 | 990,417 | 0 | 0 | |
| BlackRock Credit Allocation Income Trust | COM | 092508100 | 3,383 | 331,022 | SH | SOLE | 1 | 331,022 | 0 | 0 | |
| Blackrock Enh Cap And Inc | COM | 09256A109 | 2,235 | 85,487 | SH | SOLE | 1 | 85,487 | 0 | 0 | |
| Blackrock Esg Capital Alloca | COM | 09262F100 | 14,598 | 928,615 | SH | SOLE | 1 | 928,615 | 0 | 0 | |
| Blackrock Glbl Flt Rt Inc Tr | COM | 091941104 | 1,406 | 131,865 | SH | SOLE | 1 | 131,865 | 0 | 0 | |
| Blackrock Inc. | COM | 09290D101 | 221 | 230 | SH | SOLE | 1 | 0 | 0 | 230 | |
| Blackrock Innov & Grow Tr | COM | 09260Q108 | 722 | 80,000 | SH | SOLE | 1 | 80,000 | 0 | 0 | |
| Blackrock Limited Duration Income Trust | COM | 09249W101 | 4,644 | 371,801 | SH | SOLE | 1 | 371,801 | 0 | 0 | |
| BlackRock Multi-Sector Inc Tst | COM | 09258A107 | 1,002 | 80,000 | SH | SOLE | 1 | 80,000 | 0 | 0 | |
| BlackRock Muni Target Term Tr | COM | 09257P105 | 2,707 | 119,000 | SH | SOLE | 1 | 119,000 | 0 | 0 | |
| Blackrock Muniassets Fund | COM | 09254J102 | 999 | 90,760 | SH | SOLE | 1 | 90,760 | 0 | 0 | |
| BlackRock MuniHoldings Fd Inc | COM | 09253N104 | 2,635 | 221,407 | SH | SOLE | 1 | 221,407 | 0 | 0 | |
| Blackrock Muniyield Insured | COM | 09254E103 | 4,266 | 383,952 | SH | SOLE | 1 | 383,952 | 0 | 0 | |
| Blackrock Muniyield Quality | COM | 09254F100 | 2,436 | 210,024 | SH | SOLE | 1 | 210,024 | 0 | 0 | |
| Blackstone Digital Infrastru | COM | 09264B107 | 356,121 | 16,464,194 | SH | SOLE | 1,2 | 12,137,656 | 0 | 4,326,538 | |
| Blackstone/GSO Long-Short CR | COM | 09257D102 | 1,632 | 149,996 | SH | SOLE | 1 | 149,996 | 0 | 0 | |
| Bluerock Private Real Estate | COM | 09631P102 | 1,561 | 120,000 | SH | SOLE | 1 | 120,000 | 0 | 0 | |
| Book Holdings Inc | COM | 09857L108 | 223 | 1,250 | SH | SOLE | 1 | 0 | 0 | 1,250 | |
| Boulder Growth & Income Fund Inc. | COM | 101507101 | 4,585 | 256,158 | SH | SOLE | 1 | 256,158 | 0 | 0 | |
| Bowhead Specialty Holdings I | COM | 10240L102 | 838 | 28,000 | SH | SOLE | 1 | 28,000 | 0 | 0 | |
| Boyd Gaming Corp. | COM | 103304101 | 554,823 | 6,281,240 | SH | SOLE | 1,2 | 5,602,750 | 0 | 678,490 | |
| Bristol-Myers Squibb Company | COM | 110122108 | 346 | 6,000 | SH | SOLE | 1 | 0 | 0 | 6,000 | |
| Broadcom Inc | COM | 11135F101 | 1,511 | 4,000 | SH | SOLE | 1 | 0 | 0 | 4,000 | |
| Bunge Global Sa | COM | H11356104 | 33,650 | 315,281 | SH | SOLE | 1 | 315,281 | 0 | 0 | |
| BXP, Inc. | COM | 101121101 | 1,510,833 | 22,784,376 | SH | SOLE | 1,2 | 17,241,169 | 0 | 5,543,207 | |
| Caesars Entertainment Inc | COM | 12769G100 | 30 | 991 | SH | SOLE | 1 | 991 | 0 | 0 | |
| Calamos Convertible & High Income Fund | COM | 12811P108 | 7,389 | 542,484 | SH | SOLE | 1 | 542,484 | 0 | 0 | |
| Calamos Convertible Opp&Inc | COM | 128117108 | 1,008 | 75,000 | SH | SOLE | 1 | 75,000 | 0 | 0 | |
| Calamos Global Total Return | COM | 128118106 | 778 | 56,975 | SH | SOLE | 1 | 56,975 | 0 | 0 | |
| Cameco Corp | COM | 13321L108 | 13,483 | 132,368 | SH | SOLE | 1 | 132,368 | 0 | 0 | |
| Cardinal Health Inc. | COM | 14149Y108 | 190 | 800 | SH | SOLE | 1 | 0 | 0 | 800 | |
| Caretrust REIT Inc | COM | 14174T107 | 514,528 | 12,751,614 | SH | SOLE | 1,2 | 8,978,627 | 0 | 3,772,987 | |
| Carlisle Corp | COM | 142339100 | 218 | 600 | SH | SOLE | 1 | 0 | 0 | 600 | |
| Carrier Global Corp | COM | 14448C104 | 293 | 4,000 | SH | SOLE | 1 | 0 | 0 | 4,000 | |
| Caterpillar Inc. | COM | 149123101 | 958 | 900 | SH | SOLE | 1 | 0 | 0 | 900 | |
| Cboe Global Markets Inc | COM | 12503M108 | 97 | 400 | SH | SOLE | 1 | 0 | 0 | 400 | |
| Central Securities Corp | COM | 155123102 | 2,308 | 44,000 | SH | SOLE | 1 | 44,000 | 0 | 0 | |
| Century Alum Co | COM | 156431108 | 5,803 | 126,118 | SH | SOLE | 1 | 126,118 | 0 | 0 | |
| Cerebras Systems Inc - A | COM | 15675D103 | 692 | 3,129 | SH | SOLE | 1 | 3,129 | 0 | 0 | |
| Cheniere Energy Inc. | COM | 16411R208 | 18,277 | 76,471 | SH | SOLE | 1 | 76,071 | 0 | 400 | |
| Chevron Corporation | COM | 166764100 | 448 | 2,700 | SH | SOLE | 1 | 0 | 0 | 2,700 | |
| Chn & Strs Prfr A I Op A Etf | COM | 19249U203 | 19,638 | 753,000 | SH | SOLE | 1 | 753,000 | 0 | 0 | |
| Cintas Corporation | COM | 172908105 | 102 | 600 | SH | SOLE | 1 | 0 | 0 | 600 | |
| Circle Internet Group Inc | COM | 172573107 | 188 | 3,000 | SH | SOLE | 1 | 3,000 | 0 | 0 | |
| Cisco Systems Inc. | COM | 17275R102 | 458 | 3,900 | SH | SOLE | 1 | 0 | 0 | 3,900 | |
| CMS Energy Corporation | COM | 125896100 | 100,608 | 1,315,142 | SH | SOLE | 1,2 | 1,241,799 | 0 | 73,343 | |
| Coeur D Alene Mines Cor | COM | 192108504 | 7,858 | 481,488 | SH | SOLE | 1 | 481,488 | 0 | 0 | |
| Cohen & Steers Infra Opp Etf | COM | 19249U500 | 16,846 | 590,000 | SH | SOLE | 1 | 590,000 | 0 | 0 | |
| Cohen & Steers Nat Res A Etf | COM | 19249U302 | 19,703 | 590,000 | SH | SOLE | 1 | 590,000 | 0 | 0 | |
| Cohen & Steers Short Dp Etf | COM | 19249U401 | 19,801 | 787,000 | SH | SOLE | 1 | 787,000 | 0 | 0 | |
| Columbia Selig Prem Tech Equity | COM | 19842X109 | 2,424 | 45,000 | SH | SOLE | 1 | 45,000 | 0 | 0 | |
| Comcast Corporation | COM | 20030N101 | 98 | 4,000 | SH | SOLE | 1 | 0 | 0 | 4,000 | |
| Concentra Group Holdings Par | COM | 20603L102 | 607 | 20,420 | SH | SOLE | 1 | 20,420 | 0 | 0 | |
| Conocophillips | COM | 20825C104 | 24,172 | 232,513 | SH | SOLE | 1 | 232,513 | 0 | 0 | |
| Consolidated Edison Inc. | COM | 209115104 | 133 | 1,200 | SH | SOLE | 1 | 0 | 0 | 1,200 | |
| Constellation Energy Corp | COM | 21037T109 | 11,683 | 47,040 | SH | SOLE | 1 | 28,477 | 0 | 18,563 | |
| Cornerstone Strategic Value Fund Inc | COM | 21924B302 | 4,762 | 629,931 | SH | SOLE | 1 | 629,931 | 0 | 0 | |
| Cornerstone Total Return Fund Inc | COM | 21924U300 | 1,939 | 270,000 | SH | SOLE | 1 | 270,000 | 0 | 0 | |
| Corning Incorporated | COM | 219350105 | 255 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Corteva Inc-W/I | COM | 22052L104 | 22,906 | 270,465 | SH | SOLE | 1 | 268,965 | 0 | 1,500 | |
| Costco Wholesale Corporation | COM | 22160K105 | 140 | 150 | SH | SOLE | 1 | 0 | 0 | 150 | |
| Cousins Properties Inc. | COM | 222795502 | 2,225 | 74,221 | SH | SOLE | 1 | 74,221 | 0 | 0 | |
| Crh Plc | COM | G25508105 | 161 | 1,500 | SH | SOLE | 1 | 0 | 0 | 1,500 | |
| Crown Castle Inc. | COM | 22822V101 | 2,959,886 | 39,084,710 | SH | SOLE | 1,2 | 31,064,091 | 0 | 8,020,619 | |
| CSX Corporation | COM | 126408103 | 413,684 | 8,703,638 | SH | SOLE | 1,2 | 8,504,417 | 0 | 199,221 | |
| CubeSmart | COM | 229663109 | 287,399 | 7,226,516 | SH | SOLE | 1 | 3,936,092 | 0 | 3,290,424 | |
| Curbline Properties Corp | COM | 23128Q101 | 87,281 | 2,871,094 | SH | SOLE | 1 | 0 | 0 | 2,871,094 | |
| Danaher Corporation | COM | 235851102 | 131 | 690 | SH | SOLE | 1 | 0 | 0 | 690 | |
| Darden Restaurants Inc. | COM | 237194105 | 124 | 600 | SH | SOLE | 1 | 0 | 0 | 600 | |
| Deckers Outdoor Corp | COM | 243537107 | 119 | 1,200 | SH | SOLE | 1 | 0 | 0 | 1,200 | |
| Deere & Company | COM | 244199105 | 17,972 | 28,332 | SH | SOLE | 1 | 28,332 | 0 | 0 | |
| Delek Logistics Partners Lp | COM | 24664T103 | 9,820 | 190,528 | SH | SOLE | 1 | 190,528 | 0 | 0 | |
| Denison Mines Corp | COM | 248356107 | 4,631 | 1,513,498 | SH | SOLE | 1 | 1,513,498 | 0 | 0 | |
| Devon Energy Corporation | COM | 25179M103 | 14,150 | 342,444 | SH | SOLE | 1 | 342,444 | 0 | 0 | |
| Diamondrock Hospitality Co. | COM | 252784301 | 115,423 | 9,476,430 | SH | SOLE | 1 | 9,056,683 | 0 | 419,747 | |
| Digital Realty Trust Inc. | COM | 253868103 | 5,249,084 | 29,229,771 | SH | SOLE | 1,2 | 22,509,393 | 0 | 6,720,378 | |
| DNP Select Income Fund | COM | 23325P104 | 9,972 | 924,190 | SH | SOLE | 1 | 924,190 | 0 | 0 | |
| Docusign Inc | COM | 256163106 | 62 | 1,400 | SH | SOLE | 1 | 0 | 0 | 1,400 | |
| Dominion Resources Inc. | COM | 25746U109 | 160,156 | 2,345,231 | SH | SOLE | 1,2 | 2,269,704 | 0 | 75,527 | |
| Doubleline Income Solutions | COM | 258622109 | 4,745 | 428,993 | SH | SOLE | 1 | 428,993 | 0 | 0 | |
| Doubleline Yield Opport | COM | 25862D105 | 2,462 | 175,007 | SH | SOLE | 1 | 175,007 | 0 | 0 | |
| Dpc Holdings Plc | COM | G2R11M108 | 98 | 2,000 | SH | SOLE | 1 | 2,000 | 0 | 0 | |
| Dreyfus Strategic Municipal Bond Fund | COM | 09662E109 | 308 | 50,000 | SH | SOLE | 1 | 50,000 | 0 | 0 | |
| Dreyfus Strategic Municipals | COM | 05588W108 | 1,605 | 248,400 | SH | SOLE | 1 | 248,400 | 0 | 0 | |
| Dt Midstream Inc | COM | 23345M107 | 2,228 | 15,182 | SH | SOLE | 1 | 15,182 | 0 | 0 | |
| DTE Energy Company | COM | 233331107 | 84,119 | 552,070 | SH | SOLE | 1,2 | 525,412 | 0 | 26,658 | |
| Duff & Phelps Global Utility | COM | 26433C105 | 8,887 | 598,869 | SH | SOLE | 1 | 598,869 | 0 | 0 | |
| Duke Energy Corporation | COM | 26441C204 | 194,755 | 1,538,590 | SH | SOLE | 1,2 | 1,507,137 | 0 | 31,453 | |
| DuPont de Nemours Inc | COM | 26614N201 | 90 | 666 | SH | SOLE | 1 | 0 | 0 | 666 | |
| DWS Municipal Income Trust | COM | 233368109 | 184 | 20,000 | SH | SOLE | 1 | 20,000 | 0 | 0 | |
| Eastgroup Properties Inc. | COM | 277276101 | 759,417 | 3,749,648 | SH | SOLE | 1,2 | 2,342,399 | 0 | 1,407,249 | |
| Eaton Vance Enh Eqt Inc Ii | COM | 278277108 | 3,843 | 174,355 | SH | SOLE | 1 | 174,355 | 0 | 0 | |
| Eaton Vance Floating Rate Income Trust | COM | 278279104 | 1,590 | 147,240 | SH | SOLE | 1 | 147,240 | 0 | 0 | |
| Eaton Vance Insured Muni Bnd | COM | 27827X101 | 1,662 | 166,840 | SH | SOLE | 1 | 166,840 | 0 | 0 | |
| Eaton Vance Limited Duration Fund | COM | 27828H105 | 3,518 | 375,463 | SH | SOLE | 1 | 375,463 | 0 | 0 | |
| Eaton Vance Risk-Managed Diversified Equity Income | COM | 27829G106 | 1,831 | 221,380 | SH | SOLE | 1 | 221,380 | 0 | 0 | |
| Eaton Vance Sr Fltg Rate Trust | COM | 27828Q105 | 3,741 | 352,902 | SH | SOLE | 1 | 352,902 | 0 | 0 | |
| Eaton Vance T/A Global Dividend Income | COM | 27828S101 | 3,622 | 153,868 | SH | SOLE | 1 | 153,868 | 0 | 0 | |
| Eaton Vance T/M Buy-Wr In | COM | 27828X100 | 1,103 | 70,963 | SH | SOLE | 1 | 70,963 | 0 | 0 | |
| Eaton Vance T/M Buy-Write Opportunity | COM | 27828Y108 | 1,502 | 100,931 | SH | SOLE | 1 | 100,931 | 0 | 0 | |
| Eaton Vance Tax Adv Global Dividend O | COM | 27828U106 | 926 | 30,000 | SH | SOLE | 1 | 30,000 | 0 | 0 | |
| Eaton Vance Tax Man Global Br | COM | 27829C105 | 1,012 | 105,000 | SH | SOLE | 1 | 105,000 | 0 | 0 | |
| Eaton Vance Tax-Managed Dividend | COM | 27828N102 | 5,171 | 355,617 | SH | SOLE | 1 | 355,617 | 0 | 0 | |
| Eaton Vance Tax-Managed Global | COM | 27829F108 | 10,546 | 1,074,977 | SH | SOLE | 1 | 1,074,977 | 0 | 0 | |
| Ebay Inc | COM | 278642103 | 279 | 2,500 | SH | SOLE | 1 | 0 | 0 | 2,500 | |
| Edison International | COM | 281020107 | 49,855 | 669,640 | SH | SOLE | 1 | 669,640 | 0 | 0 | |
| Eli Lilly and Company | COM | 532457108 | 840 | 700 | SH | SOLE | 1 | 0 | 0 | 700 | |
| Emcor Group Inc | COM | 29084Q100 | 166 | 200 | SH | SOLE | 1 | 0 | 0 | 200 | |
| Emerson Electric Co. | COM | 291011104 | 150 | 1,050 | SH | SOLE | 1 | 0 | 0 | 1,050 | |
| Empire State Realty Trust | COM | 292104106 | 0 | 9 | SH | SOLE | 1 | 9 | 0 | 0 | |
| Enbridge Inc | COM | 29250N105 | 1,640 | 30,245 | SH | SOLE | 1 | 30,245 | 0 | 0 | |
| Energy Transfer LP | COM | 29273V100 | 82,181 | 4,298,185 | SH | SOLE | 1 | 4,298,185 | 0 | 0 | |
| Enphase Energy Inc | COM | 29355A107 | 3,697 | 75,084 | SH | SOLE | 1 | 75,084 | 0 | 0 | |
| Entergy Corporation | COM | 29364G103 | 405,058 | 3,526,533 | SH | SOLE | 1,2 | 3,357,512 | 0 | 169,021 | |
| Enterprise Products Partners | COM | 293792107 | 11,866 | 322,791 | SH | SOLE | 1 | 322,791 | 0 | 0 | |
| Entertainment Properties Trust Pfd. E | PFD | 26884U307 | 1,814 | 57,085 | SH | SOLE | 1 | 57,085 | 0 | 0 | |
| EOG Resources Inc. | COM | 26875P101 | 130 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Equinix Inc. | COM | 29444U700 | 2,284,092 | 2,191,196 | SH | SOLE | 1,2 | 1,693,337 | 0 | 497,859 | |
| Equity Lifestyle Properties | COM | 29472R108 | 959,540 | 14,888,121 | SH | SOLE | 1 | 9,708,264 | 0 | 5,179,857 | |
| Equity Residential | COM | 29476L107 | 308,355 | 4,539,301 | SH | SOLE | 1,2 | 4,199,859 | 0 | 339,442 | |
| Essential Properties Realty | COM | 29670E107 | 1,159,028 | 38,828,414 | SH | SOLE | 1,2 | 30,297,334 | 0 | 8,531,080 | |
| Essex Property Trust Inc. | COM | 297178105 | 1,433,072 | 4,914,673 | SH | SOLE | 1,2 | 3,765,518 | 0 | 1,149,155 | |
| Evergy Inc | COM | 30034W106 | 259,306 | 3,000,180 | SH | SOLE | 1,2 | 2,927,497 | 0 | 72,683 | |
| Expedia Inc. | COM | 30212P303 | 256 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Extra Space Storage Inc. | COM | 30225T102 | 1,873,798 | 12,896,053 | SH | SOLE | 1,2 | 10,110,542 | 0 | 2,785,511 | |
| Facebook Inc. | COM | 30303M102 | 676 | 1,200 | SH | SOLE | 1 | 0 | 0 | 1,200 | |
| Federal Realty Investment Trust | COM | 313745101 | 25 | 205 | SH | SOLE | 1 | 205 | 0 | 0 | |
| FedEx Corporation | COM | 31428X106 | 219 | 700 | SH | SOLE | 1 | 0 | 0 | 700 | |
| Fedex Freight Holding Co-W/I | COM | 314352105 | 53 | 350 | SH | SOLE | 1 | 0 | 0 | 350 | |
| Fervo Energy Co-A | COM | 31556C106 | 8,610 | 294,575 | SH | SOLE | 1 | 294,575 | 0 | 0 | |
| Figure Technology Solut-Cl A | COM | 349381103 | 307 | 10,000 | SH | SOLE | 1 | 10,000 | 0 | 0 | |
| First Industrial Realty Trust | COM | 32054K103 | 167,996 | 2,740,112 | SH | SOLE | 1,2 | 2,586,759 | 0 | 153,353 | |
| First Solar Inc. | COM | 336433107 | 7,466 | 31,639 | SH | SOLE | 1 | 31,639 | 0 | 0 | |
| First Trust High Yld Opport | COM | 33741Q107 | 891 | 65,000 | SH | SOLE | 1 | 65,000 | 0 | 0 | |
| First Trust Intermediate Duration Pref & Inc Fund | COM | 33718W103 | 6,563 | 361,198 | SH | SOLE | 1 | 361,198 | 0 | 0 | |
| Flah & Crum/Claymore Preferred S I | COM | 338478100 | 9,968 | 612,296 | SH | SOLE | 1 | 612,296 | 0 | 0 | |
| Flaherty & Crumrine Dynamic | COM | 33848W106 | 10,262 | 496,489 | SH | SOLE | 1 | 496,489 | 0 | 0 | |
| Flowserve Corporation | COM | 34354P105 | 11,331 | 152,787 | SH | SOLE | 1 | 152,787 | 0 | 0 | |
| Ford Motor Company | COM | 345370860 | 121 | 8,700 | SH | SOLE | 1 | 0 | 0 | 8,700 | |
| Franco-Nevada Corp | COM | 351858105 | 21,944 | 105,279 | SH | SOLE | 1 | 105,279 | 0 | 0 | |
| Freeport-Mcmoran Inc. | COM | 35671D857 | 21,564 | 342,888 | SH | SOLE | 1 | 339,888 | 0 | 3,000 | |
| Fs Specialty Lending Fund | COM | 644323107 | 2,397 | 215,000 | SH | SOLE | 1 | 215,000 | 0 | 0 | |
| Gabelli Dividend & Income Trust | COM | 36242H104 | 10,728 | 364,886 | SH | SOLE | 1 | 364,886 | 0 | 0 | |
| Gabelli Equity Trust | COM | 362397101 | 6,416 | 1,133,650 | SH | SOLE | 1 | 1,133,650 | 0 | 0 | |
| Gaming and Leisure Prop | COM | 36467J108 | 250,349 | 5,622,019 | SH | SOLE | 1,2 | 5,062,515 | 0 | 559,504 | |
| GE HealthCare Technologies Inc | COM | 36266G107 | 64 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Ge Vernova Llc | COM | 36828A101 | 235 | 200 | SH | SOLE | 1 | 0 | 0 | 200 | |
| General American Investors | COM | 368802104 | 16,575 | 259,999 | SH | SOLE | 1 | 259,999 | 0 | 0 | |
| General Electric Company | COM | 369604301 | 374 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Genesis Energy LP | COM | 371927104 | 1,357 | 95,796 | SH | SOLE | 1 | 95,796 | 0 | 0 | |
| Gilead Sciences Inc. | COM | 375558103 | 227 | 1,800 | SH | SOLE | 1 | 0 | 0 | 1,800 | |
| Golar LNG Ltd | COM | G9456A100 | 1,885 | 37,815 | SH | SOLE | 1 | 37,815 | 0 | 0 | |
| Guggenheim Active Allocation | COM | 40170T106 | 13,793 | 863,149 | SH | SOLE | 1 | 863,149 | 0 | 0 | |
| Guggenheim Build America | COM | 401664107 | 2,038 | 140,924 | SH | SOLE | 1 | 140,924 | 0 | 0 | |
| Guggenheim Strategic Opp Fund | COM | 40167F101 | 13,724 | 1,256,789 | SH | SOLE | 1 | 1,256,789 | 0 | 0 | |
| H20 America | COM | 784305104 | 18,892 | 310,870 | SH | SOLE | 1 | 310,870 | 0 | 0 | |
| Halliburton Company | COM | 406216101 | 170 | 5,000 | SH | SOLE | 1 | 0 | 0 | 5,000 | |
| Healthcare Realty Trust Inc. | COM | 42226K105 | 1,074,283 | 53,261,400 | SH | SOLE | 1,2 | 41,561,059 | 0 | 11,700,341 | |
| Highwoods Properties Inc. | COM | 431284108 | 507,728 | 16,834,467 | SH | SOLE | 1,2 | 13,307,427 | 0 | 3,527,040 | |
| HJ Heinz Holdings Corp | COM | 500754106 | 59 | 2,500 | SH | SOLE | 1 | 0 | 0 | 2,500 | |
| Host Hotels & Resorts Inc. | COM | 44107P104 | 1,062,686 | 44,820,149 | SH | SOLE | 1,2 | 39,499,398 | 0 | 5,320,751 | |
| Hudson Pacific Prop | COM | 444097406 | 149,584 | 9,847,531 | SH | SOLE | 1,2 | 7,797,505 | 0 | 2,050,026 | |
| I Shares Gold Trust | COM | 464285204 | 17,221 | 228,069 | SH | SOLE | 1 | 228,069 | 0 | 0 | |
| Illinois Tool Works Inc. | COM | 452308109 | 189 | 700 | SH | SOLE | 1 | 0 | 0 | 700 | |
| Illumina Inc | COM | 452327109 | 176 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| International Business Machines Corporation | COM | 459200101 | 478 | 1,700 | SH | SOLE | 1 | 0 | 0 | 1,700 | |
| International Paper Company | COM | 460146103 | 8,291 | 217,623 | SH | SOLE | 1 | 217,623 | 0 | 0 | |
| Intuit Inc. | COM | 461202103 | 78 | 300 | SH | SOLE | 1 | 0 | 0 | 300 | |
| Intuitive Surgical Inc. | COM | 46120E602 | 159 | 400 | SH | SOLE | 1 | 0 | 0 | 400 | |
| Invesco Preferred ETF | COM | 46138E511 | 60,344 | 5,566,778 | SH | SOLE | 1 | 5,566,778 | 0 | 0 | |
| Invesco Van Kampen Muni Trust | COM | 46131J103 | 251 | 25,000 | SH | SOLE | 1 | 25,000 | 0 | 0 | |
| Invesco Van Kampen Senior Income Trust | COM | 46131H107 | 3,214 | 1,071,433 | SH | SOLE | 1 | 1,071,433 | 0 | 0 | |
| Invitation Homes Inc | COM | 46187W107 | 1,121,669 | 37,129,067 | SH | SOLE | 1,2 | 29,273,283 | 0 | 7,855,784 | |
| Iron Mountain Incorporated | COM | 46284V101 | 1,518,214 | 12,019,735 | SH | SOLE | 1,2 | 9,622,739 | 0 | 2,396,996 | |
| Ishares Bitcoin Trust Etf | COM | 46438F101 | 886 | 26,600 | SH | SOLE | 1 | 26,600 | 0 | 0 | |
| Ishares Bloomberg Roll Selec | COM | 46431W598 | 1,028 | 18,621 | SH | SOLE | 1 | 18,621 | 0 | 0 | |
| iShares Cohen & Steers Rlty | COM | 464287564 | 22 | 318 | SH | SOLE | 1 | 318 | 0 | 0 | |
| iShares Iboxx Inv Gr Corp. Bd | COM | 464287242 | 41 | 380 | SH | SOLE | 1 | 380 | 0 | 0 | |
| Ishares Silver Trust | COM | 46428Q109 | 802 | 15,000 | SH | SOLE | 1 | 15,000 | 0 | 0 | |
| iShares U.S. Preferred Stock ETF | COM | 464288687 | 5,510 | 180,715 | SH | SOLE | 1 | 180,715 | 0 | 0 | |
| Itron Inc | COM | 465741106 | 2,619 | 30,267 | SH | SOLE | 1 | 30,267 | 0 | 0 | |
| Jbs Nv-A | COM | N4732M103 | 15,393 | 1,298,947 | SH | SOLE | 1 | 1,298,947 | 0 | 0 | |
| JBT Marel Corp | COM | 477839104 | 9,062 | 62,496 | SH | SOLE | 1 | 62,496 | 0 | 0 | |
| John Hancock Investors Trust | COM | 410142103 | 319 | 23,927 | SH | SOLE | 1 | 23,927 | 0 | 0 | |
| John Hancock Patriot Premium Dividend Fund II | COM | 41013T105 | 11,980 | 925,089 | SH | SOLE | 1 | 925,089 | 0 | 0 | |
| John Hancock Preferred Income Fund | COM | 41013W108 | 2,877 | 177,458 | SH | SOLE | 1 | 177,458 | 0 | 0 | |
| John Hancock Preferred Income II | COM | 41013X106 | 2,737 | 172,487 | SH | SOLE | 1 | 172,487 | 0 | 0 | |
| John Hancock Preferred Income III | COM | 41021P103 | 890 | 61,234 | SH | SOLE | 1 | 61,234 | 0 | 0 | |
| Johnson & Johnson | COM | 478160104 | 711 | 2,800 | SH | SOLE | 1 | 0 | 0 | 2,800 | |
| JPMorgan Chase & Co. | COM | 46625H100 | 1,015 | 3,100 | SH | SOLE | 1 | 0 | 0 | 3,100 | |
| Kayne Anderson MLP Investment | COM | 486606106 | 1,812 | 131,000 | SH | SOLE | 1 | 131,000 | 0 | 0 | |
| Keysight Technologies Inc | COM | 49338L103 | 175 | 500 | SH | SOLE | 1 | 0 | 0 | 500 | |
| Kilroy Realty Corp. | COM | 49427F108 | 216,199 | 5,769,920 | SH | SOLE | 1 | 1,661,434 | 0 | 4,108,486 | |
| Kimco Realty Corp 7.250 Conv/Perp Sr:N | PFD | 49446R687 | 4,290 | 69,288 | SH | SOLE | 1 | 0 | 0 | 69,288 | |
| Kimco Realty Corporation | COM | 49446R109 | 1,435,857 | 56,641,276 | SH | SOLE | 1,2 | 39,762,799 | 0 | 16,878,477 | |
| Kinder Morgan Inc. | COM | 49456B101 | 43,101 | 1,348,160 | SH | SOLE | 1 | 1,348,160 | 0 | 0 | |
| Kinetik Holdings Inc | COM | 02215L209 | 73,322 | 1,516,790 | SH | SOLE | 1 | 1,482,112 | 0 | 34,678 | |
| Kite Realty Group Trust | COM | 49803T300 | 755,791 | 26,631,121 | SH | SOLE | 1,2 | 24,624,464 | 0 | 2,006,657 | |
| KKR Income Opportunities | COM | 48249T106 | 988 | 87,779 | SH | SOLE | 1 | 87,779 | 0 | 0 | |
| Lam Research Corporation | COM | 512807306 | 563 | 1,300 | SH | SOLE | 1 | 0 | 0 | 1,300 | |
| Lamar Advertising Co | COM | 512816109 | 329,428 | 2,111,982 | SH | SOLE | 1 | 1,134,146 | 0 | 977,836 | |
| Liberty All-Star Equity Fund | COM | 530158104 | 3,747 | 645,000 | SH | SOLE | 1 | 645,000 | 0 | 0 | |
| Liftoff Mobile Inc | COM | 53229X101 | 480 | 20,000 | SH | SOLE | 1 | 20,000 | 0 | 0 | |
| Linde Plc | COM | G54950103 | 156 | 300 | SH | SOLE | 1 | 0 | 0 | 300 | |
| LXP Industrial Trust 6.5 Perp | PFD | 529043309 | 10,521 | 231,170 | SH | SOLE | 1 | 186,717 | 0 | 44,453 | |
| LyondellBasell Industries N.V. | COM | N53745100 | 105 | 2,000 | SH | SOLE | 1 | 0 | 0 | 2,000 | |
| Madison Air Solutions Corp-A | COM | 55658T105 | 780 | 20,000 | SH | SOLE | 1 | 20,000 | 0 | 0 | |
| Mainstay Cbre Glbl Infr Mega | COM | 56064Q107 | 2,088 | 137,391 | SH | SOLE | 1 | 137,391 | 0 | 0 | |
| Mainstay DefTerm Muni Opps | COM | 56064K100 | 698 | 45,000 | SH | SOLE | 1 | 45,000 | 0 | 0 | |
| Marvell Technology Inc | COM | 573874104 | 149 | 500 | SH | SOLE | 1 | 0 | 0 | 500 | |
| Mastec Inc | COM | 576323109 | 8,672 | 20,844 | SH | SOLE | 1 | 20,844 | 0 | 0 | |
| McDonald's Corporation | COM | 580135101 | 135 | 500 | SH | SOLE | 1 | 0 | 0 | 500 | |
| Mercadolibre | COM | 58733R102 | 170 | 100 | SH | SOLE | 1 | 0 | 0 | 100 | |
| Merck & Co. Inc. | COM | 58933Y105 | 308 | 2,400 | SH | SOLE | 1 | 0 | 0 | 2,400 | |
| Metlife Inc. | COM | 59156R108 | 127 | 1,500 | SH | SOLE | 1 | 0 | 0 | 1,500 | |
| MFS Multimarket Income Trust | COM | 552737108 | 1,450 | 329,603 | SH | SOLE | 1 | 329,603 | 0 | 0 | |
| MFS Municipal Income Trust | COM | 552738106 | 888 | 158,000 | SH | SOLE | 1 | 158,000 | 0 | 0 | |
| Micron Technology Inc. | COM | 595112103 | 808 | 700 | SH | SOLE | 1 | 0 | 0 | 700 | |
| Microsoft Corporation | COM | 594918104 | 1,679 | 4,500 | SH | SOLE | 1 | 0 | 0 | 4,500 | |
| Mid-America Apartment Communities | COM | 59522J103 | 23 | 164 | SH | SOLE | 1 | 164 | 0 | 0 | |
| Mondelez International Inc. Class A | COM | 609207105 | 81 | 1,400 | SH | SOLE | 1 | 0 | 0 | 1,400 | |
| Morgan Stanley | COM | 617446448 | 815 | 3,900 | SH | SOLE | 1 | 0 | 0 | 3,900 | |
| Morgan Stanley China A Share | COM | 617468103 | 1,775 | 84,348 | SH | SOLE | 1 | 84,348 | 0 | 0 | |
| MPLX LP | COM | 55336V100 | 66,394 | 1,178,658 | SH | SOLE | 1 | 1,178,658 | 0 | 0 | |
| National Fuel Gas Co | COM | 636180101 | 21,471 | 278,080 | SH | SOLE | 1 | 278,080 | 0 | 0 | |
| National Storage Affiliates | COM | 637870106 | 212,925 | 4,788,045 | SH | SOLE | 1 | 2,931,748 | 0 | 1,856,297 | |
| Net Power Inc | COM | 64107A105 | 1,485 | 888,954 | SH | SOLE | 1 | 888,954 | 0 | 0 | |
| Net Power Inc warrant | WARRANT | 64107A113 | 53 | 182,834 | SH | SOLE | 1 | 182,834 | 0 | 0 | |
| NetApp Inc. | COM | 64110D104 | 248 | 1,600 | SH | SOLE | 1 | 0 | 0 | 1,600 | |
| NetFlix Inc | COM | 64110L106 | 321 | 4,500 | SH | SOLE | 1 | 0 | 0 | 4,500 | |
| Netstreit Corp | COM | 64119V303 | 344,326 | 16,295,578 | SH | SOLE | 1 | 13,441,527 | 0 | 2,854,051 | |
| Neuberger Berman Intmd Muni | COM | 64124P101 | 2,352 | 222,982 | SH | SOLE | 1 | 222,982 | 0 | 0 | |
| Neuberger Berman MLP Income | COM | 64129H104 | 2,910 | 287,000 | SH | SOLE | 1 | 287,000 | 0 | 0 | |
| Newmont Mining Corporation | COM | 651639106 | 20,362 | 218,005 | SH | SOLE | 1 | 218,005 | 0 | 0 | |
| NextEra Energy Inc. | COM | 65339F101 | 595,911 | 6,789,461 | SH | SOLE | 1,2 | 6,506,293 | 0 | 283,168 | |
| Nextracker Inc | COM | 65290E101 | 5,057 | 42,447 | SH | SOLE | 1 | 42,447 | 0 | 0 | |
| NiSource Inc. | COM | 65473P105 | 235,068 | 4,943,589 | SH | SOLE | 1,2 | 4,891,987 | 0 | 51,602 | |
| NNN REIT Inc | COM | 637417106 | 231,711 | 4,979,814 | SH | SOLE | 1 | 2,728,307 | 0 | 2,251,507 | |
| Norfolk Southern Corporation | COM | 655844108 | 244,521 | 777,270 | SH | SOLE | 1,2 | 755,150 | 0 | 22,120 | |
| Nucor Corporation | COM | 670346105 | 11,226 | 50,398 | SH | SOLE | 1 | 50,398 | 0 | 0 | |
| Nutrien Ltd | COM | 67077M108 | 28,011 | 444,976 | SH | SOLE | 1 | 444,976 | 0 | 0 | |
| Nuveen Dividend Adv Muni Fd 3 | COM | 67070X101 | 2,540 | 200,295 | SH | SOLE | 1 | 200,295 | 0 | 0 | |
| Nuveen Dividend Advan Muni Inc | COM | 67071L106 | 1,728 | 134,978 | SH | SOLE | 1 | 134,978 | 0 | 0 | |
| Nuveen Dividend Advantage Muni Fd | COM | 67066V101 | 3,654 | 301,523 | SH | SOLE | 1 | 301,523 | 0 | 0 | |
| Nuveen Dynamic Muni Opport | COM | 67079X102 | 416 | 40,000 | SH | SOLE | 1 | 40,000 | 0 | 0 | |
| Nuveen Floating Rate Income | COM | 67072T108 | 6,545 | 853,263 | SH | SOLE | 1 | 853,263 | 0 | 0 | |
| Nuveen Global High Income | COM | 67075G103 | 5,846 | 459,239 | SH | SOLE | 1 | 459,239 | 0 | 0 | |
| Nuveen Ins T/F Adv Municipal | COM | 670657105 | 3,280 | 279,411 | SH | SOLE | 1 | 279,411 | 0 | 0 | |
| Nuveen Multi-Strategy Income & Growth 2 | COM | 67073D102 | 3,571 | 734,738 | SH | SOLE | 1 | 734,738 | 0 | 0 | |
| Nuveen Municipal Credit Opp | COM | 670663103 | 1,797 | 165,000 | SH | SOLE | 1 | 165,000 | 0 | 0 | |
| Nuveen Municipal Value Fund | COM | 670928100 | 507 | 55,000 | SH | SOLE | 1 | 55,000 | 0 | 0 | |
| Nuveen Municipal Value Fund 2 | COM | 670695105 | 288 | 20,000 | SH | SOLE | 1 | 20,000 | 0 | 0 | |
| Nuveen Preferred Income Opportunities Fund | COM | 67073B106 | 6,188 | 785,251 | SH | SOLE | 1 | 785,251 | 0 | 0 | |
| Nuveen Real Asset Inc and Grow | COM | 67074Y105 | 3,076 | 237,308 | SH | SOLE | 1 | 237,308 | 0 | 0 | |
| Nuveen Var Rt Pref & Inc | COM | 67080R102 | 3,858 | 205,000 | SH | SOLE | 1 | 205,000 | 0 | 0 | |
| NVIDIA Corporation | COM | 67066G104 | 3,802 | 19,000 | SH | SOLE | 1 | 0 | 0 | 19,000 | |
| OGE Energy Corporation | COM | 670837103 | 99,158 | 2,037,763 | SH | SOLE | 1,2 | 1,989,781 | 0 | 47,982 | |
| Omega Healthcare Investors | COM | 681936100 | 1,093,591 | 22,936,053 | SH | SOLE | 1,2 | 17,776,702 | 0 | 5,159,351 | |
| Oneok Inc. | COM | 682680103 | 28,367 | 326,286 | SH | SOLE | 1 | 326,286 | 0 | 0 | |
| Oracle Corporation | COM | 68389X105 | 220 | 1,500 | SH | SOLE | 1 | 0 | 0 | 1,500 | |
| Outfront Media Inc | COM | 69007J304 | 708,893 | 21,638,973 | SH | SOLE | 1,2 | 17,991,358 | 0 | 3,647,615 | |
| Owens Corning | COM | 690742101 | 127 | 800 | SH | SOLE | 1 | 0 | 0 | 800 | |
| Pacs Group Inc | COM | 69380Q107 | 355,762 | 8,343,381 | SH | SOLE | 1 | 7,441,989 | 0 | 901,392 | |
| Palantir Technologies Inc. | COM | 69608A108 | 210 | 1,800 | SH | SOLE | 1 | 0 | 0 | 1,800 | |
| Palo Alto Networks Inc | COM | 697435105 | 136 | 400 | SH | SOLE | 1 | 0 | 0 | 400 | |
| Paychex Inc. | COM | 704326107 | 79 | 800 | SH | SOLE | 1 | 0 | 0 | 800 | |
| PayPal Holdings Inc | COM | 70450Y103 | 130 | 3,000 | SH | SOLE | 1 | 0 | 0 | 3,000 | |
| Pebblebrook Hotel Trust 6.3 Perp | PFD | 70509V704 | 1,819 | 93,641 | SH | SOLE | 1 | 0 | 0 | 93,641 | |
| Pebblebrook Hotel Trust 6.375 Perp | PFD | 70509V605 | 3,597 | 184,673 | SH | SOLE | 1 | 0 | 0 | 184,673 | |
| Pepsico Inc. | COM | 713448108 | 190 | 1,400 | SH | SOLE | 1 | 0 | 0 | 1,400 | |
| Perpetua Resources Corp | COM | 714266103 | 6,334 | 305,109 | SH | SOLE | 1 | 305,109 | 0 | 0 | |
| Petroleo Brasileiro S.A. - ADR | ADR | 71654V408 | 3,491 | 216,014 | SH | SOLE | 1 | 216,014 | 0 | 0 | |
| PG&E Corporation | COM | 69331C108 | 183,162 | 10,889,561 | SH | SOLE | 1,2 | 10,425,131 | 0 | 464,430 | |
| PGIM Short Duration High Yield FD | COM | 69346H100 | 6,351 | 486,278 | SH | SOLE | 1 | 486,278 | 0 | 0 | |
| Pgim Shrt Durat Hi Yld | COM | 69355J104 | 4,465 | 272,450 | SH | SOLE | 1 | 272,450 | 0 | 0 | |
| Phillips 66 | COM | 718546104 | 22,042 | 130,387 | SH | SOLE | 1 | 130,387 | 0 | 0 | |
| Piedmont Office Realty Trust A | COM | 720190206 | 74,012 | 8,088,690 | SH | SOLE | 1 | 4,533,092 | 0 | 3,555,598 | |
| Pimco Access Income Fund | COM | 72203T100 | 16,010 | 1,100,337 | SH | SOLE | 1 | 1,100,337 | 0 | 0 | |
| PIMCO Corporate Opportunity | COM | 72201B101 | 1,083 | 90,000 | SH | SOLE | 1 | 90,000 | 0 | 0 | |
| Pimco Dynamic Income Fund | COM | 72201Y101 | 25,285 | 1,514,050 | SH | SOLE | 1 | 1,514,050 | 0 | 0 | |
| Pimco Dynamic Income Opport | COM | 69355M107 | 17,015 | 1,287,083 | SH | SOLE | 1 | 1,287,083 | 0 | 0 | |
| PIMCO Dynamic Income Strategy | COM | 69346N107 | 21,274 | 1,021,789 | SH | SOLE | 1 | 1,021,789 | 0 | 0 | |
| PIMCO Global Stocksplus & In | COM | 722011103 | 1,196 | 138,801 | SH | SOLE | 1 | 138,801 | 0 | 0 | |
| PIMCO High Income Fund | COM | 722014107 | 5,599 | 1,201,591 | SH | SOLE | 1 | 1,201,591 | 0 | 0 | |
| PIMCO Income Strategy Fund II | COM | 72201J104 | 5,748 | 806,234 | SH | SOLE | 1 | 806,234 | 0 | 0 | |
| Pimco Municipal Income Fund II | COM | 72200W106 | 616 | 81,000 | SH | SOLE | 1 | 81,000 | 0 | 0 | |
| Plains All American Pipeline LP | COM | 726503105 | 44,058 | 1,979,254 | SH | SOLE | 1 | 1,979,254 | 0 | 0 | |
| PPL Corporation | COM | 69351T106 | 171,438 | 4,716,321 | SH | SOLE | 1,2 | 4,585,104 | 0 | 131,217 | |
| Prologis Inc. | COM | 74340W103 | 3,094,394 | 22,841,902 | SH | SOLE | 1,2 | 17,481,647 | 0 | 5,360,255 | |
| Prudential Gbl Shrt Dur Hi Yld | COM | 69346J106 | 7,195 | 594,659 | SH | SOLE | 1 | 594,659 | 0 | 0 | |
| Public Service Enterprise Group Incorporated | COM | 744573106 | 67,264 | 828,787 | SH | SOLE | 1 | 828,787 | 0 | 0 | |
| Public Storage | COM | 74460D109 | 1,667,422 | 5,238,349 | SH | SOLE | 1,2 | 4,037,951 | 0 | 1,200,398 | |
| PulteGroup Inc. | COM | 745867101 | 146 | 1,063 | SH | SOLE | 1 | 63 | 0 | 1,000 | |
| Putnam Managed Municipal Income Trust | COM | 746823103 | 196 | 30,000 | SH | SOLE | 1 | 30,000 | 0 | 0 | |
| Putnam Muni Opportunities Tst | COM | 746922103 | 1,710 | 162,200 | SH | SOLE | 1 | 162,200 | 0 | 0 | |
| Qualcomm Incorporated | COM | 747525103 | 499 | 2,700 | SH | SOLE | 1 | 0 | 0 | 2,700 | |
| Quantinuum Inc | COM | 74768A104 | 817 | 10,000 | SH | SOLE | 1 | 10,000 | 0 | 0 | |
| Raymond James Financial Inc. | COM | 754730109 | 152 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Rayonier Inc. | COM | 754907103 | 466,801 | 21,936,120 | SH | SOLE | 1,2 | 18,900,990 | 0 | 3,035,130 | |
| Realty Income Corporation | COM | 756109104 | 415,928 | 6,712,849 | SH | SOLE | 1 | 5,095,032 | 0 | 1,617,817 | |
| Reaves Utility Income Fund | COM | 756158101 | 2,362 | 58,000 | SH | SOLE | 1 | 58,000 | 0 | 0 | |
| Reddit Inc-Cl A | COM | 75734B100 | 521 | 3,000 | SH | SOLE | 1 | 3,000 | 0 | 0 | |
| Regency Centers Corporation | COM | 758849103 | 29 | 359 | SH | SOLE | 1 | 359 | 0 | 0 | |
| Regeneron Pharmaceuticals Inc. | COM | 75886F107 | 81 | 130 | SH | SOLE | 1 | 0 | 0 | 130 | |
| Regions Financial Corporation | COM | 7591EP100 | 166 | 5,500 | SH | SOLE | 1 | 0 | 0 | 5,500 | |
| Reliance Steel & Alu | COM | 759509102 | 86 | 230 | SH | SOLE | 1 | 0 | 0 | 230 | |
| ResMed Inc. | COM | 761152107 | 72 | 370 | SH | SOLE | 1 | 0 | 0 | 370 | |
| Rio Tinto PLC-Sponsored ADR | ADR | 767204100 | 15,376 | 161,973 | SH | SOLE | 1 | 161,973 | 0 | 0 | |
| Rlj Lodging Trust 7.8 Perp Sr:A Cvt | PFD | 74965L200 | 6,088 | 248,289 | SH | SOLE | 1 | 130,699 | 0 | 117,590 | |
| Rockwell Automation Inc. | COM | 773903109 | 149 | 300 | SH | SOLE | 1 | 0 | 0 | 300 | |
| Royce Micro-Capital Trust Inc. | COM | 780915104 | 176 | 12,000 | SH | SOLE | 1 | 12,000 | 0 | 0 | |
| Rubrik Inc-A | COM | 781154109 | 723 | 9,000 | SH | SOLE | 1 | 9,000 | 0 | 0 | |
| Ryman Hospitality Properties | COM | 78377T107 | 99,588 | 774,703 | SH | SOLE | 1 | 0 | 0 | 774,703 | |
| Sabra Healthcare Reit Inc | COM | 78573L106 | 2,020 | 103,521 | SH | SOLE | 1 | 103,521 | 0 | 0 | |
| Sailpoint Inc | COM | 78781J109 | 293 | 20,000 | SH | SOLE | 1 | 20,000 | 0 | 0 | |
| salesforce.com inc. | COM | 79466L302 | 94 | 600 | SH | SOLE | 1 | 0 | 0 | 600 | |
| SBA Communications Corporation | COM | 78410G104 | 573,096 | 3,247,729 | SH | SOLE | 1,2 | 2,984,902 | 0 | 262,827 | |
| Schlumberger Ltd. | COM | 806857108 | 21,310 | 458,372 | SH | SOLE | 1 | 458,372 | 0 | 0 | |
| Sempra Energy | COM | 816851109 | 74,414 | 802,657 | SH | SOLE | 1 | 802,657 | 0 | 0 | |
| Shoals Technologies Group In | COM | 82489W107 | 968 | 97,826 | SH | SOLE | 1 | 97,826 | 0 | 0 | |
| Shopify Inc - Class A | COM | 82509L107 | 228 | 2,000 | SH | SOLE | 1 | 0 | 0 | 2,000 | |
| Simon Property Group Inc. | COM | 828806109 | 1,312,965 | 5,870,615 | SH | SOLE | 1,2 | 4,251,818 | 0 | 1,618,797 | |
| SL Green Realty Corp. | COM | 78440X887 | 322,586 | 6,231,135 | SH | SOLE | 1 | 5,570,876 | 0 | 660,259 | |
| Smartstop Self Storage | COM | 83192D402 | 7,515 | 231,241 | SH | SOLE | 1 | 231,241 | 0 | 0 | |
| Smithfield Foods Inc | COM | 832248207 | 19,902 | 820,351 | SH | SOLE | 1 | 820,351 | 0 | 0 | |
| Snap On Tools Corp. | COM | 833034101 | 145 | 360 | SH | SOLE | 1 | 0 | 0 | 360 | |
| Solv Energy Inc | COM | 78475V103 | 9,228 | 271,018 | SH | SOLE | 1 | 271,018 | 0 | 0 | |
| Southwest Gas Holdings Inc. | COM | 844895102 | 55,081 | 621,124 | SH | SOLE | 1,2 | 587,694 | 0 | 33,430 | |
| Space Exploration Techn-Cl A | COM | 84615Q103 | 427 | 2,500 | SH | SOLE | 1 | 2,500 | 0 | 0 | |
| Spdr Dow Jones Reit Etf | COM | 78464A607 | 0 | 4 | SH | SOLE | 1 | 4 | 0 | 0 | |
| Spdr Gold Minishares Trust | COM | 98149E303 | 78,254 | 985,318 | SH | SOLE | 1 | 985,318 | 0 | 0 | |
| Spdr Port Shrt Trm Corp Bnd | COM | 78464A474 | 18,027 | 600,691 | SH | SOLE | 1 | 600,691 | 0 | 0 | |
| SPDR Trust Series 1 | COM | 78462F103 | 11,202 | 15,000 | SH | SOLE | 1 | 15,000 | 0 | 0 | |
| Sprott Physical Gold And Silver Trust | COM | 85208R101 | 14,825 | 368,497 | SH | SOLE | 1 | 368,497 | 0 | 0 | |
| Ss&C Technologies Hldgs | COM | 78467J100 | 87 | 1,400 | SH | SOLE | 1 | 0 | 0 | 1,400 | |
| Standardaero Inc | COM | 85423L103 | 299 | 10,000 | SH | SOLE | 1 | 10,000 | 0 | 0 | |
| Stem, Inc. | COM | 85859N300 | 249 | 31,887 | SH | SOLE | 1 | 31,887 | 0 | 0 | |
| Sun Communities Inc. | COM | 866674104 | 1,606,659 | 13,398,864 | SH | SOLE | 1,2 | 10,469,033 | 0 | 2,929,831 | |
| Sunococorp Llc | COM | 86765Q106 | 21,513 | 317,904 | SH | SOLE | 1 | 317,904 | 0 | 0 | |
| Sysco Corporation | COM | 871829107 | 167 | 2,000 | SH | SOLE | 1 | 0 | 0 | 2,000 | |
| Tamboran Resources Corp | COM | 87507T101 | 7,354 | 226,203 | SH | SOLE | 1 | 226,203 | 0 | 0 | |
| Targa Resources Corp. | COM | 87612G101 | 286,956 | 1,070,171 | SH | SOLE | 1,2 | 1,005,563 | 0 | 64,608 | |
| Target Corporation | COM | 87612E106 | 91 | 700 | SH | SOLE | 1 | 0 | 0 | 700 | |
| Te Connectivity Plc | COM | G87052109 | 161 | 800 | SH | SOLE | 1 | 0 | 0 | 800 | |
| Tekla Healthcare Investors | COM | 87911J103 | 1,969 | 89,573 | SH | SOLE | 1 | 89,573 | 0 | 0 | |
| Tekla Healthcare Opportunities Fund | COM | 879105104 | 709 | 37,845 | SH | SOLE | 1 | 37,845 | 0 | 0 | |
| Templeton Dragon Fund Inc | COM | 88018T101 | 1,187 | 108,960 | SH | SOLE | 1 | 108,960 | 0 | 0 | |
| Tempus Ai Inc | COM | 88023B103 | 695 | 12,000 | SH | SOLE | 1 | 12,000 | 0 | 0 | |
| Tesla Motors Inc. | COM | 88160R101 | 757 | 1,800 | SH | SOLE | 1 | 0 | 0 | 1,800 | |
| The Goldman Sachs Group Inc. | COM | 38141G104 | 475 | 470 | SH | SOLE | 1 | 0 | 0 | 470 | |
| The Home Depot Inc. | COM | 437076102 | 353 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| The Kroger Co. | COM | 501044101 | 100 | 1,800 | SH | SOLE | 1 | 0 | 0 | 1,800 | |
| The Mosaic Company | COM | 61945C103 | 8,263 | 389,943 | SH | SOLE | 1 | 389,943 | 0 | 0 | |
| The PNC Financial Services Group Inc. | COM | 693475105 | 172 | 700 | SH | SOLE | 1 | 0 | 0 | 700 | |
| The Procter & Gamble Company | COM | 742718109 | 293 | 2,000 | SH | SOLE | 1 | 0 | 0 | 2,000 | |
| The Southern Company | COM | 842587107 | 66,189 | 691,562 | SH | SOLE | 1 | 689,332 | 0 | 2,230 | |
| The TJX Companies Inc. | COM | 872540109 | 273 | 1,800 | SH | SOLE | 1 | 0 | 0 | 1,800 | |
| The Travelers Companies Inc. | COM | 89417E109 | 231 | 700 | SH | SOLE | 1 | 0 | 0 | 700 | |
| The Williams Companies Inc. | COM | 969457100 | 518,621 | 6,976,340 | SH | SOLE | 1,2 | 6,564,349 | 0 | 411,991 | |
| T-Mobile US Inc. | COM | 872590104 | 151 | 900 | SH | SOLE | 1 | 0 | 0 | 900 | |
| Tortoise Energy Infrastructu | COM | 89147L886 | 866 | 20,209 | SH | SOLE | 1 | 20,209 | 0 | 0 | |
| Transportador Gas Sur-Sp B | ADR | 893870204 | 4,005 | 134,699 | SH | SOLE | 1 | 134,699 | 0 | 0 | |
| Tyson Foods Inc | COM | 902494103 | 8,902 | 155,490 | SH | SOLE | 1 | 153,490 | 0 | 2,000 | |
| U.S. Bancorp | COM | 902973304 | 211 | 3,500 | SH | SOLE | 1 | 0 | 0 | 3,500 | |
| Uber Technologies Inc | COM | 90353T100 | 166 | 2,300 | SH | SOLE | 1 | 0 | 0 | 2,300 | |
| UDR Inc. | COM | 902653104 | 615,502 | 15,418,373 | SH | SOLE | 1,2 | 10,660,130 | 0 | 4,758,243 | |
| Ul Solutions Inc - Class A | COM | 903731107 | 2,547 | 25,000 | SH | SOLE | 1 | 25,000 | 0 | 0 | |
| Union Pacific Corporation | COM | 907818108 | 384,689 | 1,414,296 | SH | SOLE | 1,2 | 1,380,982 | 0 | 33,314 | |
| United Rentals Inc | COM | 911363109 | 227 | 200 | SH | SOLE | 1 | 0 | 0 | 200 | |
| UnitedHealth Group Incorporated | COM | 91324P102 | 416 | 1,000 | SH | SOLE | 1 | 0 | 0 | 1,000 | |
| Valero Energy Corporation | COM | 91913Y100 | 24,593 | 94,430 | SH | SOLE | 1 | 93,630 | 0 | 800 | |
| Vanguard Reit Etf | COM | 922908553 | 2,991 | 31,018 | SH | SOLE | 1 | 31,018 | 0 | 0 | |
| Ventas Inc. | COM | 92276F100 | 366,687 | 4,129,357 | SH | SOLE | 1,2 | 747,354 | 0 | 3,382,003 | |
| Venture Global Inc | COM | 92333F101 | 60,236 | 5,412,017 | SH | SOLE | 1,2 | 5,187,550 | 0 | 224,467 | |
| Verisign Inc | COM | 92343E102 | 226 | 900 | SH | SOLE | 1 | 0 | 0 | 900 | |
| Verizon Communications Inc. | COM | 92343V104 | 161 | 3,800 | SH | SOLE | 1 | 0 | 0 | 3,800 | |
| Versant Media Group Inc | COM | 925283103 | 6 | 160 | SH | SOLE | 1 | 0 | 0 | 160 | |
| Viasat Inc | COM | 92552V100 | 292 | 3,252 | SH | SOLE | 1 | 3,252 | 0 | 0 | |
| VICI Properties Inc. | COM | 925652109 | 58 | 2,195 | SH | SOLE | 1 | 0 | 0 | 2,195 | |
| Virtus Alliangzi Convertible & Income FD II | COM | 92838U801 | 4,532 | 285,042 | SH | SOLE | 1 | 285,042 | 0 | 0 | |
| Visa Inc. | COM | 92826C839 | 686 | 2,000 | SH | SOLE | 1 | 0 | 0 | 2,000 | |
| Vistra Energy Corp | COM | 92840M102 | 15,571 | 98,157 | SH | SOLE | 1 | 67,307 | 0 | 30,850 | |
| Walmart Inc. | COM | 931142103 | 181 | 1,600 | SH | SOLE | 1 | 0 | 0 | 1,600 | |
| Waystar Holding Corp | COM | 946784105 | 698 | 34,000 | SH | SOLE | 1 | 34,000 | 0 | 0 | |
| Weatherford International Pl | COM | G48833118 | 5,373 | 65,930 | SH | SOLE | 1 | 65,930 | 0 | 0 | |
| Wells Fargo & Co. 7.5 | PFD | 949746804 | 10,860 | 9,386 | SH | SOLE | 1 | 9,386 | 0 | 0 | |
| Wells Fargo & Company | COM | 949746101 | 165 | 2,000 | SH | SOLE | 1 | 0 | 0 | 2,000 | |
| Wells Fargo Advantage Utilities and High Income Fund | COM | 94987E109 | 1,489 | 123,159 | SH | SOLE | 1 | 123,159 | 0 | 0 | |
| Wells Fargo Multi-Sector Income Fund | COM | 94987D101 | 1,324 | 143,767 | SH | SOLE | 1 | 143,767 | 0 | 0 | |
| Welltower Inc. | COM | 95040Q104 | 8,357,326 | 36,821,274 | SH | SOLE | 1,2 | 30,065,090 | 0 | 6,756,184 | |
| Weride Inc-Adr | ADR | 950915108 | 320 | 55,000 | SH | SOLE | 1 | 55,000 | 0 | 0 | |
| Western Asset Divers Inc | COM | 95790K109 | 3,702 | 272,993 | SH | SOLE | 1 | 272,993 | 0 | 0 | |
| Western Asset Emerging Marke | COM | 95766A101 | 2,900 | 270,000 | SH | SOLE | 1 | 270,000 | 0 | 0 | |
| Western Asset Global High In | COM | 95766B109 | 2,461 | 412,919 | SH | SOLE | 1 | 412,919 | 0 | 0 | |
| Western Asset Managed Munici | COM | 95766M105 | 771 | 74,000 | SH | SOLE | 1 | 74,000 | 0 | 0 | |
| Western Digital Corporation | COM | 958102105 | 255 | 400 | SH | SOLE | 1 | 0 | 0 | 400 | |
| Weyerhaeuser Company | COM | 962166104 | 429,981 | 17,960,772 | SH | SOLE | 1 | 16,564,235 | 0 | 1,396,537 | |
| Xcel Energy Inc. | COM | 98389B100 | 169,009 | 2,104,718 | SH | SOLE | 1,2 | 1,973,884 | 0 | 130,834 | |
| Xenergy Inc | COM | 98386P102 | 1,827 | 99,519 | SH | SOLE | 1 | 99,519 | 0 | 0 | |