# EDGAR Filing Document

**Accession Number:** 0001843527
**File Stem:** 0001843527-25-000005
**Filing Date:** 2025-8
**Character Count:** 11230
**Document Hash:** 95c2daaee2da943c576cbd35c087b80c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001843527-25-000005.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001843527-25-000005

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**EFFECTIVENESS DATE**: 20250826

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** B&I Capital AG
- **CENTRAL INDEX KEY:** 0001843527

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20646
- **FILM NUMBER:** 251252670

**BUSINESS ADDRESS:**
- **STREET 1:** TALACKER 35
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8001
- **BUSINESS PHONE:** 41-44-215-2888

**MAIL ADDRESS:**
- **STREET 1:** TALACKER 35
- **CITY:** ZURICH
- **STATE:** V8
- **ZIP:** 8001

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001843527

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** B Capital AG

**Address:** TALACKER 35, ZURICH, V8 8001

**Telephone number:** 0041442152881

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-20646

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 254900WZR89AHD74EQ73

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                          | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                               | VOTE CATEGORY                |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Alexandria Real Estate Equities, Inc.   | 015271109 | 05/13/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           5875 |                0 | AGAINST     |                                     5875 | FOR                         |  |
| American Homes 4 Rent                   | 02665T306 | 05/07/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          41840 |                0 | FOR         |                                    41840 | FOR                         |  |
| BXP, Inc.                               | 101121101 | 05/20/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          15260 |                0 | AGAINST     |                                    15260 | FOR                         |  |
| CubeSmart                               | 229663109 | 05/20/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          57440 |                0 | FOR         |                                    57440 | FOR                         |  |
| Digital Realty Trust, Inc.              | 253868103 | 06/06/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          10640 |                0 | FOR         |                                    10640 | FOR                         |  |
| EastGroup Properties, Inc.              | 277276101 | 22/05/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           5195 |                0 | FOR         |                                     5195 | FOR                         |  |
| Equinix, Inc.                           | 29444U700 | 05/21/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           6291 |                0 | FOR         |                                     6291 | FOR                         |  |
| Equity LifeStyle Properties, Inc.       | 29472R108 | 04/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          22902 |                0 | FOR         |                                    22902 | FOR                         |  |
| Four Corners Property Trust, Inc.       | 35086T109 | 06/25/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          36700 |                0 | FOR         |                                    36700 | FOR                         |  |
| Getty Realty Corp.                      | 374297109 | 04/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          33850 |                0 | FOR         |                                    33850 | FOR                         |  |
| Highwoods Properties, Inc.              | 431284108 | 05/13/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          37100 |                0 | FOR         |                                    37100 | FOR                         |  |
| Independence Realty Trust, Inc.         | 45378A106 | 05/14/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          99730 |                0 | FOR         |                                    99730 | FOR                         |  |
| Iron Mountain Incorporated              | 46284V101 | 05/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          18190 |                0 | AGAINST     |                                    18190 | FOR                         |  |
| Kimco Realty Corporation                | 49446R109 | 04/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |         112415 |                0 | FOR         |                                   112415 | FOR                         |  |
| Mid-America Apartment Communities, Inc. | 59522J103 | 05/20/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          12925 |                0 | FOR         |                                    12925 | FOR                         |  |
| Omega Healthcare Investors, Inc.        | 681936100 | 06/06/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          39920 |                0 | FOR         |                                    39920 | FOR                         |  |
| Phillips Edison  Company, Inc.          | 71844V201 | 05/01/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          50528 |                0 | FOR         |                                    50528 | FOR                         |  |
| Prologis, Inc.                          | 74340W103 | 05/08/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          60349 |                0 | FOR         |                                    60349 | FOR                         |  |
| Public Storage                          | 74460D109 | 05/07/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |           8925 |                0 | FOR         |                                     8925 | FOR                         |  |
| Safehold, Inc.                          | 78646V107 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          36826 |                0 | AGAINST     |                                    36826 | FOR                         |  |
| Service Corporation International       | 817565104 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          17610 |                0 | FOR         |                                    17610 | FOR                         |  |
| Simon Property Group, Inc.              | 828806109 | 05/14/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          14355 |                0 | AGAINST     |                                    14355 | FOR                         |  |
| The Macerich Company                    | 554382101 | 06/02/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          80000 |                0 | AGAINST     |                                    80000 | FOR                         |  |
| UDR, Inc.                               | 902653104 | 05/15/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          47020 |                0 | FOR         |                                    47020 | FOR                         |  |
| Ventas, Inc.                            | 92276F100 | 05/13/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          24000 |                0 | FOR         |                                    24000 | FOR                         |  |
| Veris Residential, Inc.                 | 554489104 | 06/11/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          60340 |                0 | FOR         |                                    60340 | FOR                         |  |
| VICI Properties Inc.                    | 925652109 | 04/29/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          71890 |                0 | FOR         |                                    71890 | FOR                         |  |
| Welltower Inc.                          | 95040Q104 | 05/22/2025     | Advisory Vote to Ratify Named Executive Officers' Compensation | SECTION 14A SAY-ON-PAY VOTES |          36020 |                0 | FOR         |                                    36020 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** B Capital AG

**By (Signature):** /s/ Caspar Lagler

**By (Printed Signature):** /s/ Caspar Lagler

**By (Title):** Chief Operating Officer

**Date:** 08/26/2025