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    Largest companies by net assets

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    Companies ranked by net assets, in USD
    CompanyNet assetsSectorIndustryCountryExchange
    101FRMIFermi Inc.$1.03BReal EstateREITUnited StatesNasdaq
    102LAMRLAMAR ADVERTISING CO/NEW$995.47MReal EstateREITUnited StatesNasdaq
    103IVRInvesco Mortgage Capital Inc.$990.32MReal EstateREITUnited StatesNYSE
    104OPENOpendoor Technologies Inc.$914.00MReal EstateReal EstateUnited StatesNasdaq
    105UMHUMH PROPERTIES, INC.$890.36MReal EstateREITUnited StatesNYSE
    106BRSPBrightSpire Capital, Inc.$862.98MReal EstateREITUnited StatesNYSE
    107INNSummit Hotel Properties, Inc.$838.95MReal EstateREITUnited StatesNYSE
    108SVCService Properties Trust$806.46MReal EstateREITUnited StatesNasdaq
    109JOEST JOE Co$764.46MReal EstateReal EstateUnited StatesNYSE
    110RHPRyman Hospitality Properties, Inc.$748.32MReal EstateREITUnited StatesNYSE
    111CLDTChatham Lodging Trust$721.69MReal EstateREITUnited StatesNYSE
    112OUTOUTFRONT Media Inc.$693.30MReal EstateREITUnited StatesNYSE
    113BDNBRANDYWINE REALTY TRUST$691.18MReal EstateREITUnited StatesNYSE
    114CSRCENTERSPACE$680.22MReal EstateREITUnited StatesNYSE
    115SKTTANGER INC.$673.97MReal EstateREITUnited StatesNYSE
    116LANDGLADSTONE LAND Corp$673.11MReal EstateREITUnited StatesNasdaq
    117NXDTNEXPOINT DIVERSIFIED REAL ESTATE TRUST$673.00MReal EstateREITUnited StatesNYSE
    118CTOCTO Realty Growth, Inc.$663.18MReal EstateREITUnited StatesNYSE
    119ONLOrion Properties Inc.$632.75MReal EstateREITUnited StatesNYSE
    120ARLAMERICAN REALTY INVESTORS INC$618.65MReal EstateReal EstateUnited StatesNYSE
    121FSPFRANKLIN STREET PROPERTIES CORP /MA/$579.99MReal EstateREITUnited StatesNYSE
    122MMIMarcus & Millichap, Inc.$578.91MReal EstateReal EstateUnited StatesNYSE
    123AHRTAH Realty Trust, Inc.$529.33MReal EstateReal EstateUnited StatesNYSE
    124OPIOFFICE PROPERTIES INCOME TRUST$511.45MReal EstateReal Estate—Nasdaq
    125BOCBOSTON OMAHA Corp$501.85MReal EstateReal EstateUnited StatesNYSE
    126ACREAres Commercial Real Estate Corp$489.23MReal EstateREITUnited StatesNYSE
    127GPMTGranite Point Mortgage Trust Inc.$480.27MReal EstateREITUnited StatesNYSE
    128TRCTEJON RANCH CO$477.56MReal EstateReal EstateUnited StatesNYSE
    129ILPTIndustrial Logistics Properties Trust$461.66MReal EstateREITUnited StatesNasdaq
    130FVRFrontView REIT, Inc.$437.32MReal EstateREITUnited StatesNYSE
    131CBLCBL & ASSOCIATES PROPERTIES INC$427.44MReal EstateREITUnited StatesNYSE
    132CHCTCommunity Healthcare Trust Inc$414.24MReal EstateREITUnited StatesNYSE
    133PINEAlpine Income Property Trust, Inc.$337.29MReal EstateREITUnited StatesNYSE
    134SEVNSeven Hills Realty Trust$320.67MReal EstateREITUnited StatesNasdaq
    135OLPONE LIBERTY PROPERTIES INC$304.41MReal EstateREITUnited StatesNYSE
    136REFIChicago Atlantic Real Estate Finance, Inc.$301.65MReal EstateREITUnited StatesNasdaq
    137BFSSAUL CENTERS, INC.$295.91MReal EstateREITUnited StatesNYSE
    138SRGSeritage Growth Properties$292.22MReal EstateReal EstateUnited StatesNYSE
    139RPTRithm Property Trust Inc.$285.30MReal EstateREITUnited StatesNYSE
    140SITCSITE Centers Corp.$282.26MReal EstateREITUnited StatesNYSE
    141AGNTAGNT, Inc.$280.85MReal EstateReal EstateUnited StatesNasdaq
    142NXRTNexPoint Residential Trust, Inc.$247.86MReal EstateREITUnited StatesNYSE
    143CMCTCreative Media & Community Trust Corp$245.27MReal EstateREITUnited StatesNasdaq
    144ALXALEXANDERS INC$223.62MReal EstateREITUnited StatesNYSE
    145SUNSSunrise Realty Trust, Inc.$181.85MReal EstateREITUnited StatesNasdaq
    146DOUGDouglas Elliman Inc.$168.07MReal EstateReal EstateUnited StatesNYSE
    147BRTBRT Apartments Corp.$160.46MReal EstateREITUnited StatesNYSE
    148GOODGLADSTONE COMMERCIAL CORP$157.37MReal EstateReal EstateUnited StatesNasdaq
    149AXRAMREP CORP.$141.11MReal EstateReal EstateUnited StatesNYSE
    150BEEPMobile Infrastructure Corp$129.33MReal EstateReal EstateUnited StatesNasdaq
    151IORINCOME OPPORTUNITY REALTY INVESTORS INC /TX/$127.63MReal EstateREITUnited StatesNYSE
    152BHMBluerock Homes Trust, Inc.$120.95MReal EstateREITUnited StatesNYSE
    153AEIAlset Inc.$114.48MReal EstateReal EstateUnited StatesNasdaq
    154CHCIComstock Holding Companies, Inc.$81.20MReal EstateReal EstateUnited StatesNasdaq
    155NYCAmerican Strategic Investment Co.$52.90MReal EstateREITUnited StatesNYSE
    156MKZRMacKenzie Realty Capital, Inc.$43.78MReal EstateREITUnited StatesNasdaq
    157LOANMANHATTAN BRIDGE CAPITAL, INC$42.99MReal EstateREITUnited StatesNasdaq
    158OPADOfferpad Solutions Inc.$37.31MReal EstateReal EstateUnited StatesNasdaq
    159MLPMAUI LAND & PINEAPPLE CO INC$31.06MReal EstateReal EstateUnited StatesNYSE
    160MDRRMedalist Diversified, Inc.$24.03MReal EstateREITUnited StatesNasdaq
    161FTHMFathom Holdings Inc.$23.87MReal EstateReal EstateUnited StatesNasdaq
    162SQFTPresidio Property Trust, Inc.$13.85MReal EstateREITUnited StatesNasdaq
    163LHAILinkhome Holdings Inc.$7.57MReal EstateReal EstateUnited StatesNasdaq
    164WHLRWheeler Real Estate Investment Trust, Inc.$5.70MReal EstateREITUnited StatesNasdaq
    165AIREreAlpha Tech Corp.$5.57MReal EstateReal EstateUnited StatesNasdaq
    166CWDCaliberCos Inc.$-1.44MReal EstateReal EstateUnited StatesNasdaq
    167GIPRGENERATION INCOME PROPERTIES, INC.$-2.30MReal EstateREITUnited StatesNasdaq
    168LRHCLa Rosa Holdings Corp.$-8.50MReal EstateReal EstateUnited StatesNasdaq
    169CLPRClipper Realty Inc.$-40.09MReal EstateREITUnited StatesNYSE
    170INTGINTERGROUP CORP$-84.50MReal EstateReal EstateUnited StatesNasdaq
    171AHTASHFORD HOSPITALITY TRUST INC$-570.88MReal EstateREITUnited StatesNYSE
    172IRMIRON MOUNTAIN INC$-1.28BReal EstateREITUnited StatesNYSE
    173SBACSBA COMMUNICATIONS CORP$-4.63BReal EstateREITUnited StatesNasdaq

    U.S.-exchange common stocks; ADRs and funds excluded. 173 companies. Reported USD values. TTM means trailing twelve months; companies without a comparable value are excluded.