# EDGAR Filing Document

**Accession Number:** 0001520710
**File Stem:** 0001520710-26-000005
**Filing Date:** 2026-5
**Character Count:** 26359
**Document Hash:** f6cf4b690e53c9857668bbd614d111fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001520710-26-000005.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001520710-26-000005

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Uniplan Investment Counsel, Inc.
- **CENTRAL INDEX KEY:** 0001520710

**ORGANIZATION NAME:**
- **EIN:** 273053886
- **STATE OF INCORPORATION:** WI

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16961
- **FILM NUMBER:** 26982655

**BUSINESS ADDRESS:**
- **STREET 1:** 839 N JEFFERSON ST
- **STREET 2:** SUITE 502
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 262-534-3000

**MAIL ADDRESS:**
- **STREET 1:** 839 N JEFFERSON ST
- **STREET 2:** SUITE 502
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Uniplan Investment Counsel Inc.<br>**Address:** 839 N JEFFERSON ST<br>SUITE 502<br>MILWAUKEE, WI 53202

**Form 13F File Number:** 028-16961

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mary Beth Jacobson<br>**Title:** Chief Compliance Officer and Director of Financial Reporting<br>**Phone:** 2625343000

**Signature, Place, and Date of Signing:**

Mary Beth Jacobson  Milwaukee, WI  05-15-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 221

**Form 13F Information Table Value Total:** $973897865

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Agree Realty Corporation | COM | 008492100 |  | 10791398 | 143159 | SH |  | SOLE |  | 143159 | 0 | 0 |
| American Healthcare REIT Inc. | COM | 398182303 |  | 4442809 | 94207 | SH |  | SOLE |  | 94207 | 0 | 0 |
| American Tower Corporation | COM | 03027X100 |  | 38205757 | 221379 | SH |  | SOLE |  | 221379 | 0 | 0 |
| AvalonBay Communities Inc. | COM | 053484101 |  | 9552942 | 58481 | SH |  | SOLE |  | 58481 | 0 | 0 |
| Brixmor Property Group Inc. | COM | 11120U105 |  | 3246437 | 112723 | SH |  | SOLE |  | 112723 | 0 | 0 |
| Crown Castle Inc. | COM | 22822V101 |  | 12859498 | 158153 | SH |  | SOLE |  | 158153 | 0 | 0 |
| Camden Property Trust | COM | 133131102 |  | 4250428 | 43522 | SH |  | SOLE |  | 43522 | 0 | 0 |
| CareTrust REIT Inc. | COM | 14174T107 |  | 8639130 | 235719 | SH |  | SOLE |  | 235719 | 0 | 0 |
| Curbline Properties Corp. | COM | 23128Q101 |  | 3198341 | 124014 | SH |  | SOLE |  | 124014 | 0 | 0 |
| Digital Realty Trust Inc. | COM | 253868103 |  | 23013633 | 127704 | SH |  | SOLE |  | 127704 | 0 | 0 |
| EastGroup Properties Inc. | COM | 277276101 |  | 28388290 | 153375 | SH |  | SOLE |  | 153375 | 0 | 0 |
| Equity LifeStyle Properties Inc. | COM | 29472R108 |  | 11320447 | 181359 | SH |  | SOLE |  | 181359 | 0 | 0 |
| EPR Properties | COM | 26884U109 |  | 4797512 | 96027 | SH |  | SOLE |  | 96027 | 0 | 0 |
| Equinix Inc. | COM | 29444U700 |  | 50878886 | 51904 | SH |  | SOLE |  | 51904 | 0 | 0 |
| Equity Residential | COM | 29476L107 |  | 2963876 | 50107 | SH |  | SOLE |  | 50107 | 0 | 0 |
| Essex Property Trust Inc. | COM | 297178105 |  | 12138068 | 50157 | SH |  | SOLE |  | 50157 | 0 | 0 |
| Extra Space Storage Inc. | COM | 30225T102 |  | 15174088 | 115717 | SH |  | SOLE |  | 115717 | 0 | 0 |
| Farmland Partners Inc | COM | 31154R109 |  | 4653226 | 414356 | SH |  | SOLE |  | 414356 | 0 | 0 |
| First Industrial Realty Trust Inc. | COM | 32054K103 |  | 5903706 | 102051 | SH |  | SOLE |  | 102051 | 0 | 0 |
| Host Hotels  Resorts Inc. | COM | 44107P104 |  | 7887640 | 411672 | SH |  | SOLE |  | 411672 | 0 | 0 |
| Kite Realty Group Trust | COM | 49803T300 |  | 22604822 | 920766 | SH |  | SOLE |  | 920766 | 0 | 0 |
| Lamar Advertising Company Class A | COM | 512816109 |  | 3023996 | 23874 | SH |  | SOLE |  | 23874 | 0 | 0 |
| Mid-America Apartment Communities Inc. | COM | 59522J103 |  | 7142162 | 58484 | SH |  | SOLE |  | 58484 | 0 | 0 |
| Realty Income Corporation | COM | 756109104 |  | 20620888 | 337052 | SH |  | SOLE |  | 337052 | 0 | 0 |
| Omega Healthcare Investors Inc. | COM | 681936100 |  | 7057995 | 161067 | SH |  | SOLE |  | 161067 | 0 | 0 |
| OUTFRONT Media Inc. | COM | 69007J304 |  | 4094118 | 154495 | SH |  | SOLE |  | 154495 | 0 | 0 |
| Prologis Inc. | COM | 74340W103 |  | 28947399 | 218999 | SH |  | SOLE |  | 218999 | 0 | 0 |
| Public Storage | COM | 74460D109 |  | 11470745 | 42346 | SH |  | SOLE |  | 42346 | 0 | 0 |
| Postal Realty Trust Inc. Class A | COM | 73757R102 |  | 1184348 | 63811 | SH |  | SOLE |  | 63811 | 0 | 0 |
| Regency Centers Corporation | COM | 758849103 |  | 11332470 | 149781 | SH |  | SOLE |  | 149781 | 0 | 0 |
| Sabra Health Care REIT Inc. | COM | 78573L106 |  | 4773465 | 248230 | SH |  | SOLE |  | 248230 | 0 | 0 |
| Simon Property Group Inc. | COM | 828806109 |  | 30378236 | 162859 | SH |  | SOLE |  | 162859 | 0 | 0 |
| Sun Communities Inc. | COM | 866674104 |  | 14657063 | 116362 | SH |  | SOLE |  | 116362 | 0 | 0 |
| Terreno Realty Corporation | COM | 88146M101 |  | 25917390 | 421969 | SH |  | SOLE |  | 421969 | 0 | 0 |
| UMH Properties Inc. | COM | 903002103 |  | 1310598 | 90824 | SH |  | SOLE |  | 90824 | 0 | 0 |
| WisdomTree Floating Rate Treasury Fund | COM | 97717Y527 |  | 12492771 | 248167 | SH |  | SOLE |  | 248167 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 |  | 9835502 | 360011 | SH |  | SOLE |  | 360011 | 0 | 0 |
| Ventas Inc. | COM | 92276F100 |  | 27131798 | 331765 | SH |  | SOLE |  | 331765 | 0 | 0 |
| Welltower Inc. | COM | 95040Q104 |  | 54389848 | 275099 | SH |  | SOLE |  | 275099 | 0 | 0 |
| W. P. Carey Inc. | COM | 92936U109 |  | 7665199 | 112789 | SH |  | SOLE |  | 112789 | 0 | 0 |
| Weyerhaeuser Company | COM | 962166104 |  | 9282405 | 379959 | SH |  | SOLE |  | 379959 | 0 | 0 |
| Chiron Real Estate Inc. | COM | 37954A303 |  | 3017984 | 91232 | SH |  | SOLE |  | 91232 | 0 | 0 |
| Alpha and Omega Semiconductor Limited | COM | G6331P104 |  | 3327430 | 150154 | SH |  | SOLE |  | 150154 | 0 | 0 |
| American Public Education Inc. | COM | 02913V103 |  | 561657 | 9874 | SH |  | SOLE |  | 9874 | 0 | 0 |
| Astec Industries Inc. | COM | 046224101 |  | 4618572 | 85783 | SH |  | SOLE |  | 85783 | 0 | 0 |
| ATEN Networks Inc. | COM | 002121101 |  | 2398793 | 103754 | SH |  | SOLE |  | 103754 | 0 | 0 |
| Aurinia Pharmaceuticals Inc. | COM | 05156V102 |  | 1698399 | 114601 | SH |  | SOLE |  | 114601 | 0 | 0 |
| Axogen Inc. | COM | 05463X106 |  | 5562873 | 167910 | SH |  | SOLE |  | 167910 | 0 | 0 |
| AZZ Inc. | COM | 002474104 |  | 6269980 | 50107 | SH |  | SOLE |  | 50107 | 0 | 0 |
| BK Technologies Corp. | COM | 05587G104 |  | 3915940 | 52471 | SH |  | SOLE |  | 52471 | 0 | 0 |
| BioLife Solutions Inc. | COM | 09062W204 |  | 3488543 | 182837 | SH |  | SOLE |  | 182837 | 0 | 0 |
| Banco Latinoamericano de Comercio Exterior S.A. Class E | COM | P16994132 |  | 6126768 | 119944 | SH |  | SOLE |  | 119944 | 0 | 0 |
| CareDx Inc. | COM | 14167L103 |  | 1089750 | 62773 | SH |  | SOLE |  | 62773 | 0 | 0 |
| Collegium Pharmaceutical Inc. | COM | 19459J104 |  | 2273483 | 68747 | SH |  | SOLE |  | 68747 | 0 | 0 |
| Daktronics Inc. | COM | 234264109 |  | 3692172 | 188857 | SH |  | SOLE |  | 188857 | 0 | 0 |
| Esquire Financial Holdings Inc. | COM | 29667J101 |  | 2669552 | 24833 | SH |  | SOLE |  | 24833 | 0 | 0 |
| National Vision Holdings Inc. | COM | 63845R107 |  | 1870700 | 72227 | SH |  | SOLE |  | 72227 | 0 | 0 |
| EZCORP Inc. Class A | COM | 302301106 |  | 5943279 | 234171 | SH |  | SOLE |  | 234171 | 0 | 0 |
| Farmland Partners Inc | COM | 31154R109 |  | 3262538 | 290519 | SH |  | SOLE |  | 290519 | 0 | 0 |
| Genius Sports Limited | COM | G3934V109 |  | 1040521 | 234880 | SH |  | SOLE |  | 234880 | 0 | 0 |
| Graham Corporation | COM | 384556106 |  | 4464172 | 56565 | SH |  | SOLE |  | 56565 | 0 | 0 |
| GPGI Inc. Class A | COM | 20459V105 |  | 2443547 | 142897 | SH |  | SOLE |  | 142897 | 0 | 0 |
| Gorman-Rupp Company | COM | 383082104 |  | 6704090 | 107904 | SH |  | SOLE |  | 107904 | 0 | 0 |
| Huntsman Corporation | COM | 447011107 |  | 1264289 | 94987 | SH |  | SOLE |  | 94987 | 0 | 0 |
| Hawkins Inc. | COM | 420261109 |  | 4699128 | 30593 | SH |  | SOLE |  | 30593 | 0 | 0 |
| MarineMax Inc. | COM | 567908108 |  | 1152405 | 42587 | SH |  | SOLE |  | 42587 | 0 | 0 |
| IMAX Corporation | COM | 45245E109 |  | 1731964 | 45566 | SH |  | SOLE |  | 45566 | 0 | 0 |
| Innodata Inc. | COM | 457642205 |  | 3481830 | 90156 | SH |  | SOLE |  | 90156 | 0 | 0 |
| Innoviva Inc. | COM | 45781M101 |  | 5343580 | 229338 | SH |  | SOLE |  | 229338 | 0 | 0 |
| IRadimed Corp. | COM | 46266A109 |  | 5889574 | 61184 | SH |  | SOLE |  | 61184 | 0 | 0 |
| Ligand Pharmaceuticals Incorporated | COM | 53220K504 |  | 7852020 | 39328 | SH |  | SOLE |  | 39328 | 0 | 0 |
| Lincoln Educational Services Corporation | COM | 533535100 |  | 8964147 | 220357 | SH |  | SOLE |  | 220357 | 0 | 0 |
| Mama's Creations Inc. | COM | 56146T103 |  | 7288125 | 475105 | SH |  | SOLE |  | 475105 | 0 | 0 |
| Medallion Financial Corp. | COM | 583928106 |  | 3300578 | 385581 | SH |  | SOLE |  | 385581 | 0 | 0 |
| MNTN Inc Class A | COM | 55318A108 |  | 1411976 | 160451 | SH |  | SOLE |  | 160451 | 0 | 0 |
| Natural Gas Services Group Inc. | COM | 63886Q109 |  | 1646932 | 43638 | SH |  | SOLE |  | 43638 | 0 | 0 |
| NPK International Inc. | COM | 651718504 |  | 7646153 | 527684 | SH |  | SOLE |  | 527684 | 0 | 0 |
| NAPCO Security Technologies Inc. | COM | 630402105 |  | 4466410 | 113389 | SH |  | SOLE |  | 113389 | 0 | 0 |
| Netskope Inc. Class A | COM | 64119N608 |  | 975628 | 114915 | SH |  | SOLE |  | 114915 | 0 | 0 |
| NWPX Infrastructure Inc. | COM | 667746101 |  | 4925134 | 63256 | SH |  | SOLE |  | 63256 | 0 | 0 |
| Omnicell Inc. | COM | 68213N109 |  | 1450016 | 43439 | SH |  | SOLE |  | 43439 | 0 | 0 |
| OUTFRONT Media Inc. | COM | 69007J304 |  | 2716544 | 102511 | SH |  | SOLE |  | 102511 | 0 | 0 |
| Park Aerospace Corp. | COM | 70014A104 |  | 4992264 | 182332 | SH |  | SOLE |  | 182332 | 0 | 0 |
| Postal Realty Trust Inc. Class A | COM | 73757R102 |  | 2188451 | 117912 | SH |  | SOLE |  | 117912 | 0 | 0 |
| ProPetro Holding Corp. | COM | 74347M108 |  | 1150167 | 79817 | SH |  | SOLE |  | 79817 | 0 | 0 |
| Solaris Energy Infrastructure Inc. Class A | COM | 83418M103 |  | 7681956 | 135939 | SH |  | SOLE |  | 135939 | 0 | 0 |
| SIGA Technologies Inc | COM | 826917106 |  | 1987060 | 371413 | SH |  | SOLE |  | 371413 | 0 | 0 |
| Sprott Inc. | COM | 852066208 |  | 7921388 | 55433 | SH |  | SOLE |  | 55433 | 0 | 0 |
| Spok Holdings Inc. | COM | 84863T106 |  | 2284671 | 209602 | SH |  | SOLE |  | 209602 | 0 | 0 |
| Strata Critical Medical Inc. Class A | COM | 092667104 |  | 5435325 | 1300317 | SH |  | SOLE |  | 1300317 | 0 | 0 |
| Strawberry Fields REIT Inc | COM | 863182101 |  | 1485819 | 124858 | SH |  | SOLE |  | 124858 | 0 | 0 |
| WisdomTree Floating Rate Treasury Fund | COM | 97717Y527 |  | 16625965 | 330273 | SH |  | SOLE |  | 330273 | 0 | 0 |
| Universal Technical Institute Inc. | COM | 913915104 |  | 6645910 | 184097 | SH |  | SOLE |  | 184097 | 0 | 0 |
| Vox Royalty Corp | COM | 92919F103 |  | 1165831 | 222486 | SH |  | SOLE |  | 222486 | 0 | 0 |
| TeraWulf Inc. | COM | 88080T104 |  | 7080020 | 490645 | SH |  | SOLE |  | 490645 | 0 | 0 |
| Chiron Real Estate Inc. | COM | 37954A303 |  | 3202120 | 96799 | SH |  | SOLE |  | 96799 | 0 | 0 |
| AbbVie Inc. | COM | 00287Y109 |  | 3653855 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| Adamas Trust Inc. Conv Red Pfd Registered Shs Series E | PFD | 649604873 |  | 1312990 | 53679 | SH |  | SOLE |  | 53679 | 0 | 0 |
| American Healthcare REIT Inc. | COM | 398182303 |  | 2066643 | 43821 | SH |  | SOLE |  | 43821 | 0 | 0 |
| Air Lease Corporation Class A | COM | 00912X302 |  | 1636244 | 25196 | SH |  | SOLE |  | 25196 | 0 | 0 |
| Albemarle Corporation Depository Shs Repr Conv Pfd Registered Shs | PFD | 012653200 |  | 3913547 | 54468 | SH |  | SOLE |  | 54468 | 0 | 0 |
| Amgen Inc. | COM | 031162100 |  | 3405058 | 9677 | SH |  | SOLE |  | 9677 | 0 | 0 |
| Ares Capital Corporation | COM | 04010L103 |  | 2600556 | 144315 | SH |  | SOLE |  | 144315 | 0 | 0 |
| Archrock Inc. | COM | 03957W106 |  | 584762 | 16803 | SH |  | SOLE |  | 16803 | 0 | 0 |
| Barrick Mining Corporation | COM | 06849F108 |  | 2012162 | 49329 | SH |  | SOLE |  | 49329 | 0 | 0 |
| Bank of America Corp Non Cum Perp Conv Pfd Registered Shs Series L | PFD | 060505682 |  | 2282751 | 1915 | SH |  | SOLE |  | 1915 | 0 | 0 |
| Brookfield Asset Management Ltd. Class A | COM | 112585104 |  | 1794238 | 40365 | SH |  | SOLE |  | 40365 | 0 | 0 |
| Boeing Company Pfd Registered shs Series A | PFD | 097023204 |  | 4314890 | 66505 | SH |  | SOLE |  | 66505 | 0 | 0 |
| Citigroup Inc. | COM | 172967424 |  | 2878409 | 25380 | SH |  | SOLE |  | 25380 | 0 | 0 |
| Copa Holdings S.A. Class A | COM | P31076105 |  | 1679828 | 14785 | SH |  | SOLE |  | 14785 | 0 | 0 |
| CSG Systems International Inc. | COM | 126349109 |  | 1547258 | 19355 | SH |  | SOLE |  | 19355 | 0 | 0 |
| Clearway Energy Inc. Class C | COM | 18539C204 |  | 3452275 | 87866 | SH |  | SOLE |  | 87866 | 0 | 0 |
| DHT Holdings Inc. | COM | Y2065G121 |  | 3679279 | 201383 | SH |  | SOLE |  | 201383 | 0 | 0 |
| Devon Energy Corporation | COM | 25179M103 |  | 1819663 | 36161 | SH |  | SOLE |  | 36161 | 0 | 0 |
| Okeanis Eco Tankers Corp. | COM | Y64177101 |  | 1154995 | 22830 | SH |  | SOLE |  | 22830 | 0 | 0 |
| EPR Properties Conv Pfd Shs Series C | PFD | 26884U208 |  | 2506123 | 110841 | SH |  | SOLE |  | 110841 | 0 | 0 |
| Equinix Inc. | COM | 29444U700 |  | 4923260 | 5022 | SH |  | SOLE |  | 5022 | 0 | 0 |
| Diamondback Energy Inc. | COM | 25278X109 |  | 4659936 | 23560 | SH |  | SOLE |  | 23560 | 0 | 0 |
| Farmland Partners Inc | COM | 31154R109 |  | 1360207 | 121122 | SH |  | SOLE |  | 121122 | 0 | 0 |
| Gaming and Leisure Properties Inc. | COM | 36467J108 |  | 1628980 | 36713 | SH |  | SOLE |  | 36713 | 0 | 0 |
| Chart Industries Inc. | COM | 16115Q308 |  | 1585395 | 7668 | SH |  | SOLE |  | 7668 | 0 | 0 |
| Getty Realty Corp. | COM | 374297109 |  | 1881408 | 59163 | SH |  | SOLE |  | 59163 | 0 | 0 |
| Huntington Ingalls Industries Inc. | COM | 446413106 |  | 4926892 | 12968 | SH |  | SOLE |  | 12968 | 0 | 0 |
| InterDigital Inc. | COM | 45867G101 |  | 4854251 | 16073 | SH |  | SOLE |  | 16073 | 0 | 0 |
| Kodiak Gas Services Inc. | COM | 50012A108 |  | 702804 | 12050 | SH |  | SOLE |  | 12050 | 0 | 0 |
| Kinetik Holdings Inc. Class A | COM | 02215L209 |  | 2482514 | 51281 | SH |  | SOLE |  | 51281 | 0 | 0 |
| Kite Realty Group Trust | COM | 49803T300 |  | 4149631 | 169027 | SH |  | SOLE |  | 169027 | 0 | 0 |
| Matson Inc. | COM | 57686G105 |  | 1136835 | 6934 | SH |  | SOLE |  | 6934 | 0 | 0 |
| Microchip Technology Incorporated Pfd Shs Depositary Shares Repr Conv Pfd Shs Series A | PFD | 595017302 |  | 1082354 | 18998 | SH |  | SOLE |  | 18998 | 0 | 0 |
| Medtronic Plc | COM | G5960L103 |  | 1171340 | 13518 | SH |  | SOLE |  | 13518 | 0 | 0 |
| Millrose Properties Inc Class A | COM | 601137102 |  | 2219190 | 79256 | SH |  | SOLE |  | 79256 | 0 | 0 |
| Marex Group plc | COM | 00BMT7GT6 |  | 2010346 | 45095 | SH |  | SOLE |  | 45095 | 0 | 0 |
| Omega Healthcare Investors Inc. | COM | 681936100 |  | 3993452 | 91133 | SH |  | SOLE |  | 91133 | 0 | 0 |
| ONEOK Inc. | COM | 682680103 |  | 3730128 | 41267 | SH |  | SOLE |  | 41267 | 0 | 0 |
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR Class B | COM | 400501102 |  | 2179237 | 18994 | SH |  | SOLE |  | 18994 | 0 | 0 |
| OUTFRONT Media Inc. | COM | 69007J304 |  | 3448643 | 130137 | SH |  | SOLE |  | 130137 | 0 | 0 |
| Pitney Bowes Inc. Notes Sr | PFD | 724479506 |  | 1848719 | 96287 | SH |  | SOLE |  | 96287 | 0 | 0 |
| PG Corporation Pfd Shs A Non Voting | PFD | 69331C306 |  | 2629613 | 61168 | SH |  | SOLE |  | 61168 | 0 | 0 |
| Pebblebrook Hotel Trust Red Pfd Registered Shs of Benef Interest Series F | PFD | 70509V704 |  | 862614 | 44695 | SH |  | SOLE |  | 44695 | 0 | 0 |
| PepsiCo Inc. | COM | 713448108 |  | 878959 | 5660 | SH |  | SOLE |  | 5660 | 0 | 0 |
| Prologis Inc. | COM | 74340W103 |  | 3621166 | 27395 | SH |  | SOLE |  | 27395 | 0 | 0 |
| Public Storage Depositary Shs Repr Pfd Registered Shs Series H | PFD | 74460W644 |  | 1992186 | 91300 | SH |  | SOLE |  | 91300 | 0 | 0 |
| NEOS Nasdaq One Hundred High Income ETF | COM | 78433H675 |  | 1578131 | 31759 | SH |  | SOLE |  | 31759 | 0 | 0 |
| QXO Inc. Deposit Shs Repr Conv Pfd Shs Series B | PFD | 82846H504 |  | 746388 | 13573 | SH |  | SOLE |  | 13573 | 0 | 0 |
| RLJ Lodging Trust USD Conv Pfd Registered Shs Series A | PFD | 74965L200 |  | 771813 | 32025 | SH |  | SOLE |  | 32025 | 0 | 0 |
| Royalty Pharma Plc Class A | COM | G7709Q104 |  | 4256777 | 88738 | SH |  | SOLE |  | 88738 | 0 | 0 |
| Redwood Trust Inc.  Red Pfd Registered Shs A Series A | PFD | 758075808 |  | 1314806 | 54783 | SH |  | SOLE |  | 54783 | 0 | 0 |
| Sabine Royalty Trust | COM | 785688102 |  | 2949234 | 39145 | SH |  | SOLE |  | 39145 | 0 | 0 |
| Southern Copper Corporation | COM | 84265V105 |  | 3394162 | 19726 | SH |  | SOLE |  | 19726 | 0 | 0 |
| Simon Property Group Inc. | COM | 828806109 |  | 6301628 | 33783 | SH |  | SOLE |  | 33783 | 0 | 0 |
| Sun Communities Inc. | COM | 866674104 |  | 851718 | 6761 | SH |  | SOLE |  | 6761 | 0 | 0 |
| Transportadora de Gas del Sur SA Sponsored ADR Class B RegS | COM | 893870204 |  | 2079355 | 60079 | SH |  | SOLE |  | 60079 | 0 | 0 |
| Timken Company | COM | 887389104 |  | 1636244 | 16269 | SH |  | SOLE |  | 16269 | 0 | 0 |
| AT Inc Depositary Shs Repr Perp Pfd Shs Series C | PFD | 00206R706 |  | 2965579 | 161172 | SH |  | SOLE |  | 161172 | 0 | 0 |
| Terreno Realty Corporation | COM | 88146M101 |  | 2019426 | 32878 | SH |  | SOLE |  | 32878 | 0 | 0 |
| Triton International Ltd. Conv Red Perp Pfd Registered Shs Series B | PFD | G9078F131 |  | 1743390 | 70015 | SH |  | SOLE |  | 70015 | 0 | 0 |
| United Parcel Service Inc. Class B | COM | 911312106 |  | 844454 | 8583 | SH |  | SOLE |  | 8583 | 0 | 0 |
| WisdomTree Floating Rate Treasury Fund | COM | 97717Y527 |  | 3328785 | 66126 | SH |  | SOLE |  | 66126 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 |  | 1921361 | 70328 | SH |  | SOLE |  | 70328 | 0 | 0 |
| Valero Energy Corporation | COM | 91913Y100 |  | 4692624 | 18992 | SH |  | SOLE |  | 18992 | 0 | 0 |
| Vanguard Global ex-U.S. Real Estate ETF | COM | 922042676 |  | 819030 | 18425 | SH |  | SOLE |  | 18425 | 0 | 0 |
| Waste Management Inc. | COM | 94106L109 |  | 2222822 | 9673 | SH |  | SOLE |  | 9673 | 0 | 0 |
| Williams Companies Inc. | COM | 969457100 |  | 5061279 | 69542 | SH |  | SOLE |  | 69542 | 0 | 0 |
| Xenia Hotels  Resorts Inc. | COM | 984017103 |  | 1145915 | 77270 | SH |  | SOLE |  | 77270 | 0 | 0 |
| Chiron Real Estate Inc. | COM | 37954A303 |  | 1703437 | 51494 | SH |  | SOLE |  | 51494 | 0 | 0 |
| Global X S Covered Call ETF | COM | 37954Y475 |  | 2064827 | 52768 | SH |  | SOLE |  | 52768 | 0 | 0 |
| Akamai Technologies Inc. | COM | 00971T101 |  | 32811 | 285 | SH |  | SOLE |  | 285 | 0 | 0 |
| Andersons Inc. | COM | 034164103 |  | 44386 | 618 | SH |  | SOLE |  | 618 | 0 | 0 |
| American Public Education Inc. | COM | 02913V103 |  | 55365 | 973 | SH |  | SOLE |  | 973 | 0 | 0 |
| Archrock Inc. | COM | 03957W106 |  | 51883 | 1490 | SH |  | SOLE |  | 1490 | 0 | 0 |
| Arrow Electronics Inc. | COM | 042735100 |  | 16186 | 112 | SH |  | SOLE |  | 112 | 0 | 0 |
| ATEN Networks Inc. | COM | 002121101 |  | 58125 | 2514 | SH |  | SOLE |  | 2514 | 0 | 0 |
| Bunge Global SA | COM | H11356104 |  | 35540 | 279 | SH |  | SOLE |  | 279 | 0 | 0 |
| BK Technologies Corp. | COM | 05587G104 |  | 46864 | 627 | SH |  | SOLE |  | 627 | 0 | 0 |
| Camtek Ltd | COM | M20791105 |  | 25690 | 169 | SH |  | SOLE |  | 169 | 0 | 0 |
| Cboe Global Markets Inc | COM | 12503M108 |  | 134915 | 480 | SH |  | SOLE |  | 480 | 0 | 0 |
| Celanese Corporation | COM | 150870103 |  | 29956 | 455 | SH |  | SOLE |  | 455 | 0 | 0 |
| Corteva Inc | COM | 22052L104 |  | 26286 | 314 | SH |  | SOLE |  | 314 | 0 | 0 |
| Chevron Corporation | COM | 166764100 |  | 25345 | 122 | SH |  | SOLE |  | 122 | 0 | 0 |
| Digital Realty Trust Inc. | COM | 253868103 |  | 48087 | 266 | SH |  | SOLE |  | 266 | 0 | 0 |
| Eastman Chemical Company | COM | 277432100 |  | 15809 | 207 | SH |  | SOLE |  | 207 | 0 | 0 |
| Equinix Inc. | COM | 29444U700 |  | 47711 | 48 | SH |  | SOLE |  | 48 | 0 | 0 |
| Diamondback Energy Inc. | COM | 25278X109 |  | 31054 | 157 | SH |  | SOLE |  | 157 | 0 | 0 |
| Generac Holdings Inc. | COM | 368736104 |  | 12265 | 62 | SH |  | SOLE |  | 62 | 0 | 0 |
| Halliburton Company | COM | 406216101 |  | 68320 | 1752 | SH |  | SOLE |  | 1752 | 0 | 0 |
| HireQuest Inc. | COM | 433535101 |  | 13645 | 1367 | SH |  | SOLE |  | 1367 | 0 | 0 |
| IDACORP Inc. | COM | 451107106 |  | 27384 | 191 | SH |  | SOLE |  | 191 | 0 | 0 |
| IRadimed Corp. | COM | 46266A109 |  | 92160 | 957 | SH |  | SOLE |  | 957 | 0 | 0 |
| Keysight Technologies Inc | COM | 49338L103 |  | 70045 | 248 | SH |  | SOLE |  | 248 | 0 | 0 |
| Kodiak Gas Services Inc. | COM | 50012A108 |  | 51977 | 891 | SH |  | SOLE |  | 891 | 0 | 0 |
| Kiniksa Pharmaceuticals International plc Class A | COM | G5269C101 |  | 23745 | 493 | SH |  | SOLE |  | 493 | 0 | 0 |
| Kroger Co. | COM | 501044101 |  | 7497 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| Ligand Pharmaceuticals Incorporated | COM | 53220K504 |  | 171114 | 857 | SH |  | SOLE |  | 857 | 0 | 0 |
| Lincoln Educational Services Corporation | COM | 533535100 |  | 216598 | 5324 | SH |  | SOLE |  | 5324 | 0 | 0 |
| LeMaitre Vascular Inc. | COM | 525558201 |  | 49342 | 451 | SH |  | SOLE |  | 451 | 0 | 0 |
| Lattice Semiconductor Corporation | COM | 518415104 |  | 19228 | 207 | SH |  | SOLE |  | 207 | 0 | 0 |
| Mama's Creations Inc. | COM | 56146T103 |  | 147462 | 9612 | SH |  | SOLE |  | 9612 | 0 | 0 |
| Methanex Corporation | COM | 59151K108 |  | 25032 | 420 | SH |  | SOLE |  | 420 | 0 | 0 |
| Nebius Group N.V. Class A | COM | 000980552 |  | 14994 | 144 | SH |  | SOLE |  | 144 | 0 | 0 |
| National Fuel Gas Company | COM | 636180101 |  | 48683 | 518 | SH |  | SOLE |  | 518 | 0 | 0 |
| Netflix Inc. | COM | 64110L106 |  | 23244 | 241 | SH |  | SOLE |  | 241 | 0 | 0 |
| NiSource Inc | COM | 65473P105 |  | 41751 | 894 | SH |  | SOLE |  | 894 | 0 | 0 |
| Olin Corporation | COM | 680665205 |  | 29956 | 1007 | SH |  | SOLE |  | 1007 | 0 | 0 |
| Occidental Petroleum Corporation | COM | 674599105 |  | 21205 | 326 | SH |  | SOLE |  | 326 | 0 | 0 |
| Park Aerospace Corp. | COM | 70014A104 |  | 144012 | 5259 | SH |  | SOLE |  | 5259 | 0 | 0 |
| ProPetro Holding Corp. | COM | 74347M108 |  | 41720 | 2895 | SH |  | SOLE |  | 2895 | 0 | 0 |
| Qnity Electronics Inc. | COM | 74743L100 |  | 61607 | 533 | SH |  | SOLE |  | 533 | 0 | 0 |
| Red Cat Holdings Inc | COM | 75644T100 |  | 34630 | 2645 | SH |  | SOLE |  | 2645 | 0 | 0 |
| Solaris Energy Infrastructure Inc. Class A | COM | 83418M103 |  | 58376 | 1033 | SH |  | SOLE |  | 1033 | 0 | 0 |
| Sprott Critical Materials ETF | COM | 85208P402 |  | 14962 | 452 | SH |  | SOLE |  | 452 | 0 | 0 |
| Sprott Inc. | COM | 852066208 |  | 71331 | 499 | SH |  | SOLE |  | 499 | 0 | 0 |
| Sempra | COM | 816851109 |  | 27761 | 285 | SH |  | SOLE |  | 285 | 0 | 0 |
| AT Inc | COM | 00206R102 |  | 25722 | 887 | SH |  | SOLE |  | 887 | 0 | 0 |
| Tyson Foods Inc. Class A | COM | 902494103 |  | 7653 | 119 | SH |  | SOLE |  | 119 | 0 | 0 |
| WisdomTree Floating Rate Treasury Fund | COM | 97717Y527 |  | 259040 | 5145 | SH |  | SOLE |  | 5145 | 0 | 0 |
| Universal Technical Institute Inc. | COM | 913915104 |  | 155022 | 4294 | SH |  | SOLE |  | 4294 | 0 | 0 |
| Virtu Financial Inc. Class A | COM | 928254101 |  | 24028 | 546 | SH |  | SOLE |  | 546 | 0 | 0 |
| Verizon Communications Inc. | COM | 92343V104 |  | 60980 | 1214 | SH |  | SOLE |  | 1214 | 0 | 0 |
| Waste Management Inc. | COM | 94106L109 |  | 22365 | 97 | SH |  | SOLE |  | 97 | 0 | 0 |
| TeraWulf Inc. | COM | 88080T104 |  | 186140 | 12899 | SH |  | SOLE |  | 12899 | 0 | 0 |
| Exxon Mobil Corporation | COM | 30231G102 |  | 18632 | 109 | SH |  | SOLE |  | 109 | 0 | 0 |

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