| PPennyMac Corp |
| 25.51% | 34.46% | $41.7M | 41.0M | $61.6M | 59.3M | -18.3M-30.85% | Reduce |
 AVALONBAY CMNTYS INC REITAVB |
| 7.93% | 6.87% | $13.0M | 68,650 | $12.3M | 75,150 | -6,500-8.65% | Reduce |
 CAMDEN PPTY TRCPT |
| 7.83% | 7.19% | $12.8M | 111,704 | $12.9M | 131,704 | -20,000-15.19% | Reduce |
| MMILLROSE PPTYS INC CLASS AMRP |
| 7.67% | 5.09% | $12.5M | 417,361 | $9.1M | 325,046 | +92,315+28.40% | Add |
 BRIGHTSPIRE CAPITAL INCBRSP |
| 6.93% | 4.61% | $11.3M | 2.1M | $8.2M | 1.5M | +603,796+41.00% | Add |
 RITHM CAPITAL CORP REITRITM |
| 6.48% | 5.44% | $10.6M | 1.1M | $9.7M | 1.0M | +101,180+9.86% | Add |
 PARK HOTELS & RESORTS INCPK |
| 6.01% | 3.43% | $9.8M | 689,616 | $6.1M | 581,643 | +107,973+18.56% | Add |
| RREADY CAPITAL CORPRC |
| 4.19% | 3.54% | $6.8M | 3.9M | $6.3M | 3.9M | 00.00% | Unchanged |
 APPLE HOSPITALITY REIT INCAPLE |
| 3.87% | 6.02% | $6.3M | 375,944 | $10.8M | 935,516 | -559,572-59.81% | Reduce |
 FRANKLIN BSP RLTY TR INCFBRT |
| 3.78% | — | $6.2M | 758,000 | $0 | 0 | +758,000 | New Buy |
 DIAMONDROCK HOSPITALITY CODRH |
| 3.4% | 2.19% | $5.6M | 456,804 | $3.9M | 417,789 | +39,015+9.34% | Add |
 GLOBAL NET LEASE INCGNL |
| 3.12% | 2.08% | $5.1M | 570,029 | $3.7M | 397,609 | +172,420+43.36% | Add |
| SSERVICE PPTYS TRSVC |
| 2.97% | — | $4.9M | 2.9M | $0 | 0 | +2.9M | New Buy |
 DYNEX CAP INCDX |
| 2.59% | 2.11% | $4.2M | 322,500 | $3.8M | 295,000 | +27,500+9.32% | Add |
| EEMPIRE ST RLTY TR INCESRT |
| 2.28% | 2.08% | $3.7M | 689,535 | $3.7M | 714,535 | -25,000-3.50% | Reduce |
| RRITHM PROPER 9.875 PFDPFD |
| 2.13% | 1.94% | $3.5M | 139,481 | $3.5M | 139,481 | 00.00% | Unchanged |
 VORNADO RLTY TRVNO |
| 1.95% | 2.48% | $3.2M | 81,000 | $4.4M | 170,500 | -89,500-52.49% | Reduce |
 PENNYMAC MTG INVT TR REITCCU |
| 1.38% | — | $2.3M | 199,682 | $0 | 0 | +199,682 | New Buy |
