# EDGAR Filing Document

**Accession Number:** 0001169318
**File Stem:** 0001169318-26-000002
**Filing Date:** 2026-4
**Character Count:** 16179
**Document Hash:** 7647eb3495cea71298877aa84b3f20ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001169318-26-000002.hdr.sgml**: 20260415

**ACCESSION NUMBER**: 0001169318-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260415

**DATE AS OF CHANGE**: 20260415

**EFFECTIVENESS DATE**: 20260415

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALBERT D MASON INC
- **CENTRAL INDEX KEY:** 0001169318

**ORGANIZATION NAME:**
- **EIN:** 043414728
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10262
- **FILM NUMBER:** 26863255

**BUSINESS ADDRESS:**
- **STREET 1:** 50 FEDERAL ST., 9TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-228-5190

**MAIL ADDRESS:**
- **STREET 1:** 50 FEDERAL ST., 9TH FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

### 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:** ALBERT D MASON INC<br>**Address:** 50 FEDERAL ST. 9TH FLOOR<br>BOSTON, MA 02110

**Form 13F File Number:** 028-10262

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:** Gregg Picillo<br>**Title:** Partner<br>**Phone:** 6172285190

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

Gregg Picillo  Boston, MA  04-15-2026<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:** 129

**Form 13F Information Table Value Total:** $154478112

      (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 |
| AT Inc. | COM | 00206R102 |  | 1037610 | 35792 | SH |  | SOLE |  | 0 | 0 | 35792 |
| BHP LTD ADR | ADR | 088606108 |  | 868661 | 11942 | SH |  | SOLE |  | 0 | 0 | 11942 |
| CVS Health Corp. | COM | 126650100 |  | 723658 | 10076 | SH |  | SOLE |  | 0 | 0 | 10076 |
| Chesapeake Utilities Corp. | COM | 165303108 |  | 1560290 | 12347 | SH |  | SOLE |  | 5438 | 0 | 6909 |
| Chord Energy Corp. | COM | 674215207 |  | 1314012 | 9242 | SH |  | SOLE |  | 2636 | 0 | 6606 |
| Commonwealth Bank of Australia | COM | 621503002 |  | 875596 | 7565 | SH |  | SOLE |  | 4059 | 0 | 3506 |
| Commonwealth Bank of Australia | COM | 202712600 |  | 687585 | 5826 | SH |  | SOLE |  | 0 | 0 | 5826 |
| Community Healthcare Trust Inc | COM | 20369C106 |  | 423432 | 26648 | SH |  | SOLE |  | 8599 | 0 | 18049 |
| Dorchester Minerals LP | UNIT LTD PARTN | 25820R105 |  | 610726 | 22536 | SH |  | SOLE |  | 15938 | 0 | 6598 |
| Enbridge Inc. | COM | 29250N105 |  | 1258268 | 23241 | SH |  | SOLE |  | 10215 | 0 | 13026 |
| Energy Transfer LP | UNIT LTD PARTN | 29273V100 |  | 1477115 | 76534 | SH |  | SOLE |  | 52586 | 0 | 23948 |
| Enterprise Products Partners L | UNIT LTD PARTN | 293792107 |  | 1531284 | 40467 | SH |  | SOLE |  | 26003 | 0 | 14464 |
| Gaztransport et Technigaz SAS | COM | ACI07W296 |  | 1615974 | 6883 | SH |  | SOLE |  | 2114 | 0 | 4769 |
| Getty Realty Corp. | COM | 374297109 |  | 970759 | 30527 | SH |  | SOLE |  | 10741 | 0 | 19786 |
| Gilead Sciences Inc | COM | 375558103 |  | 698522 | 5012 | SH |  | SOLE |  | 0 | 0 | 5012 |
| Gladstone Investment Corp. | COM | 376546107 |  | 964693 | 67936 | SH |  | SOLE |  | 15900 | 0 | 52036 |
| Keyera Corp. | COM | 593271951 |  | 737194 | 19058 | SH |  | SOLE |  | 6119 | 0 | 12939 |
| Kinder Morgan Inc. | COM | 49456B101 |  | 2413457 | 71979 | SH |  | SOLE |  | 21662 | 0 | 50317 |
| Labrador Iron Ore Royalty Corp | COM | 505440107 |  | 1102094 | 52757 | SH |  | SOLE |  | 16238 | 0 | 36519 |
| Meren Energy Inc. | COM | 588914101 |  | 70000 | 40000 | SH |  | SOLE |  | 0 | 0 | 40000 |
| National Health Investors Inc | COM | 63633D104 |  | 362981 | 4489 | SH |  | SOLE |  | 0 | 0 | 4489 |
| National Retail Properties | COM | 637417106 |  | 206115 | 4904 | SH |  | SOLE |  | 0 | 0 | 4904 |
| ONEOK Inc. | COM | 682680103 |  | 309901 | 3428 | SH |  | SOLE |  | 0 | 0 | 3428 |
| Omnicom Group | COM | 681919106 |  | 356292 | 4731 | SH |  | SOLE |  | 0 | 0 | 4731 |
| Pembina Pipeline Corp. | COM | 706327103 |  | 1794786 | 40098 | SH |  | SOLE |  | 17351 | 0 | 22747 |
| Precinct Properties New Zealan | COM | q7740q104 |  | 241445 | 405912 | SH |  | SOLE |  | 256354 | 0 | 149558 |
| Primaris REIT | COM | 74167K109 |  | 1444407 | 139019 | SH |  | SOLE |  | 60606 | 0 | 78413 |
| Public Storage | COM | 74460D109 |  | 264650 | 977 | SH |  | SOLE |  | 0 | 0 | 977 |
| Sabre Insurance Group PLC | COM | BYWVDP903 |  | 1417244 | 684990 | SH |  | SOLE |  | 333689 | 0 | 351301 |
| Shell PLC ADR | ADR | 780259305 |  | 694803 | 7471 | SH |  | SOLE |  | 0 | 0 | 7471 |
| Sparebank 1 SR-Bank | COM | B40JTQ902 |  | 1503132 | 69032 | SH |  | SOLE |  | 32293 | 0 | 36739 |
| Tanger Factory Outlet Centers | COM | 875465106 |  | 2187719 | 64383 | SH |  | SOLE |  | 26675 | 0 | 37708 |
| TotalEnergies SE ADR | ADR | F92124100 |  | 1915948 | 21059 | SH |  | SOLE |  | 7781 | 0 | 13278 |
| Verizon Communications Inc. | COM | 92343V104 |  | 774536 | 15429 | SH |  | SOLE |  | 0 | 0 | 15429 |
| Viatris Inc. | COM | 92556V106 |  | 329725 | 24406 | SH |  | SOLE |  | 0 | 0 | 24406 |
| Western Midstream Partners LP | UNIT LTD PARTN | 958669103 |  | 1457221 | 35395 | SH |  | SOLE |  | 23983 | 0 | 11412 |
| APA Corp. | COM | 03743Q108 |  | 1178644 | 27772 | SH |  | SOLE |  | 6374 | 0 | 21398 |
| AYR Wellness Inc. | COM | 05475P109 |  | 203 | 12946 | SH |  | SOLE |  | 0 | 0 | 12946 |
| Agilysys Inc. | COM | 00847J105 |  | 1321639 | 18578 | SH |  | SOLE |  | 6346 | 0 | 12232 |
| Airbnb Inc. | COM | 009066101 |  | 479106 | 3794 | SH |  | SOLE |  | 0 | 0 | 3794 |
| Alphabet Inc. Class A | COM | 02079K305 |  | 327531 | 1139 | SH |  | SOLE |  | 0 | 0 | 1139 |
| Alphabet Inc. Class C | COM | 02079K107 |  | 6305603 | 21981 | SH |  | SOLE |  | 5941 | 0 | 16040 |
| Ametek Inc. | COM | 031100100 |  | 232366 | 1084 | SH |  | SOLE |  | 0 | 0 | 1084 |
| Apple Inc. | COM | 037833100 |  | 1200173 | 4729 | SH |  | SOLE |  | 0 | 0 | 4729 |
| Applied Material Inc. | COM | 038222105 |  | 1028446 | 3009 | SH |  | SOLE |  | 0 | 0 | 3009 |
| AptarGroup Inc. | COM | 038336103 |  | 1309062 | 10388 | SH |  | SOLE |  | 2864 | 0 | 7524 |
| Archer Daniels Midland | COM | 039483102 |  | 395070 | 5435 | SH |  | SOLE |  | 0 | 0 | 5435 |
| Atmos Energy Corp. | COM | 049560105 |  | 2309719 | 12504 | SH |  | SOLE |  | 4467 | 0 | 8037 |
| Automatic Data Processing Inc | COM | 053015103 |  | 1741479 | 8571 | SH |  | SOLE |  | 2968 | 0 | 5603 |
| Banco del Bajio SA | COM | ACI0VM9Y9 |  | 1525584 | 493886 | SH |  | SOLE |  | 371375 | 0 | 122511 |
| Bristol Myers Squibb Co. | COM | 110122108 |  | 437772 | 7218 | SH |  | SOLE |  | 0 | 0 | 7218 |
| Broadcom Inc. | COM | 11135F101 |  | 652138 | 2107 | SH |  | SOLE |  | 0 | 0 | 2107 |
| CF Industries Holdings Inc. | COM | 125269100 |  | 372641 | 2870 | SH |  | SOLE |  | 0 | 0 | 2870 |
| CME Group Inc. | COM | 12572Q105 |  | 1775192 | 6010 | SH |  | SOLE |  | 2162 | 0 | 3848 |
| Cannabist Company Holdings Inc | COM | 13765Y103 |  | 1030 | 35390 | SH |  | SOLE |  | 0 | 0 | 35390 |
| Cheniere Energy Inc. | COM | 16411R208 |  | 714791 | 2519 | SH |  | SOLE |  | 0 | 0 | 2519 |
| Church  Dwight Company Inc. | COM | 171340102 |  | 658538 | 7057 | SH |  | SOLE |  | 2188 | 0 | 4869 |
| Citigroup Inc. | COM | 172967424 |  | 433680 | 3824 | SH |  | SOLE |  | 0 | 0 | 3824 |
| Climb Global Solutions Inc. | COM | 946760105 |  | 1234295 | 62275 | SH |  | SOLE |  | 20528 | 0 | 41747 |
| Coats Group PLC | COM | B4YZN3906 |  | 31050 | 29376 | SH |  | SOLE |  | 0 | 0 | 29376 |
| Compagnie Michelin | COM | BPBPJ0907 |  | 1018496 | 30199 | SH |  | SOLE |  | 17361 | 0 | 12838 |
| Credito Real Sofom ENR | COM | B8DST5905 |  | 17914 | 918094 | SH |  | SOLE |  | 717767 | 0 | 200327 |
| Cresco Labs | COM | 22587M106 |  | 76590 | 88035 | SH |  | SOLE |  | 0 | 0 | 88035 |
| Cummins Inc. | COM | 231021106 |  | 1508420 | 2804 | SH |  | SOLE |  | 1015 | 0 | 1789 |
| Curaleaf Holdings Inc. | COM | 23126M102 |  | 160669 | 75079 | SH |  | SOLE |  | 0 | 0 | 75079 |
| Datadog Inc. | COM | 23804L103 |  | 422265 | 3577 | SH |  | SOLE |  | 0 | 0 | 3577 |
| Dollarama Inc. | COM | 25675T107 |  | 2158702 | 17589 | SH |  | SOLE |  | 8082 | 0 | 9507 |
| Eaton Corp. PLC | COM | G29183103 |  | 1840965 | 5147 | SH |  | SOLE |  | 2083 | 0 | 3064 |
| Ecolab Inc. | COM | 278865100 |  | 1013076 | 3808 | SH |  | SOLE |  | 1243 | 0 | 2565 |
| Emerson Electric Co. | COM | 291011104 |  | 1136918 | 8677 | SH |  | SOLE |  | 3142 | 0 | 5535 |
| FB Financial Corp. | COM | 30257X104 |  | 1452235 | 27960 | SH |  | SOLE |  | 10186 | 0 | 17774 |
| Fastenal Co. | COM | 311900104 |  | 1325877 | 28575 | SH |  | SOLE |  | 10186 | 0 | 18389 |
| Fiserv Inc. | COM | 337738108 |  | 1752287 | 31403 | SH |  | SOLE |  | 10287 | 0 | 21116 |
| Flowserve Corp. | COM | 34354P105 |  | 244715 | 3329 | SH |  | SOLE |  | 0 | 0 | 3329 |
| Garmin LTD | COM | H2906T109 |  | 1454348 | 6268 | SH |  | SOLE |  | 2060 | 0 | 4208 |
| Givaudan SA ADR | ADR | 37636P108 |  | 1131885 | 16692 | SH |  | SOLE |  | 7945 | 0 | 8747 |
| Graco Inc. | COM | 384109104 |  | 660767 | 7806 | SH |  | SOLE |  | 2775 | 0 | 5031 |
| Green Thumb Industries Inc. | COM | 39342L108 |  | 546447 | 85650 | SH |  | SOLE |  | 0 | 0 | 85650 |
| Grupo Aeroportuario Del Pacifi | ADR | 400506101 |  | 2888873 | 11702 | SH |  | SOLE |  | 4127 | 0 | 7575 |
| Gulf Keystone Petroleum LTD | COM | G4209G207 |  | 591964 | 211075 | SH |  | SOLE |  | 112147 | 0 | 98928 |
| Hewlett Packard Enterprise Com | COM | 42824C109 |  | 300816 | 12634 | SH |  | SOLE |  | 0 | 0 | 12634 |
| Honeywell International Inc. | COM | 438516106 |  | 948444 | 4196 | SH |  | SOLE |  | 1465 | 0 | 2731 |
| Hubbell Inc. | COM | 443510607 |  | 2668373 | 5437 | SH |  | SOLE |  | 2495 | 0 | 2942 |
| Huntington Ingalls Industries | COM | 446413106 |  | 337351 | 888 | SH |  | SOLE |  | 0 | 0 | 888 |
| IRadimed Corp. | COM | 46266A109 |  | 1652899 | 17171 | SH |  | SOLE |  | 6451 | 0 | 10720 |
| ITT Corp. | COM | 45073V108 |  | 2884073 | 15137 | SH |  | SOLE |  | 4471 | 0 | 10666 |
| Indiva Limited | COM | 45580J101 |  | 0 | 107000 | SH |  | SOLE |  | 0 | 0 | 107000 |
| KLA Corp. | COM | 482480100 |  | 5166979 | 3509 | SH |  | SOLE |  | 1150 | 0 | 2359 |
| LKQ Corp. | COM | 501889208 |  | 211581 | 7204 | SH |  | SOLE |  | 0 | 0 | 7204 |
| Lam Research Corp. | COM | 512807306 |  | 4380193 | 20501 | SH |  | SOLE |  | 7738 | 0 | 12763 |
| Lincoln Electric Holdings Inc | COM | 533900106 |  | 1697575 | 6815 | SH |  | SOLE |  | 1752 | 0 | 5063 |
| Linde PLC | COM | G54950103 |  | 3220743 | 6497 | SH |  | SOLE |  | 2080 | 0 | 4417 |
| Lundin Mining Corporation | COM | 550372106 |  | 435028 | 17445 | SH |  | SOLE |  | 0 | 0 | 17445 |
| Magnolia Oil  Gas Corp. | COM | 559663109 |  | 1956584 | 61976 | SH |  | SOLE |  | 24175 | 0 | 37801 |
| McDonald's Corp. | COM | 580135101 |  | 2390523 | 7692 | SH |  | SOLE |  | 2098 | 0 | 5594 |
| Meta Platforms Inc. | COM | 30303M102 |  | 1190892 | 2082 | SH |  | SOLE |  | 0 | 0 | 2082 |
| Mettler-Toledo International | COM | 592688105 |  | 1623164 | 1287 | SH |  | SOLE |  | 353 | 0 | 934 |
| Michelin ADR | ADR | 59410T106 |  | 709137 | 41616 | SH |  | SOLE |  | 0 | 0 | 41616 |
| Microsoft Corp. | COM | 594918104 |  | 427915 | 1156 | SH |  | SOLE |  | 364 | 0 | 792 |
| NVIDIA Corp. | COM | 67066G104 |  | 555813 | 3187 | SH |  | SOLE |  | 0 | 0 | 3187 |
| NXP Semiconductors N.V. | COM | N6596X109 |  | 274423 | 1394 | SH |  | SOLE |  | 0 | 0 | 1394 |
| Nebius Group NV | COM | N97284108 |  | 673921 | 6495 | SH |  | SOLE |  | 5100 | 0 | 1395 |
| Nordson Corp. | COM | 655663102 |  | 1152941 | 4333 | SH |  | SOLE |  | 1390 | 0 | 2943 |
| Norfolk  Southern Corp. | COM | 655844108 |  | 1654310 | 5764 | SH |  | SOLE |  | 1124 | 0 | 4640 |
| Novartis AG ADR | ADR | 66987V109 |  | 3929799 | 25727 | SH |  | SOLE |  | 7492 | 0 | 18235 |
| Novolipetsk GDR | ADR | B0RTNX900 |  | 2 | 15295 | SH |  | SOLE |  | 15295 | 0 | 0 |
| Parker Hannifin Corp. | COM | 701094104 |  | 3153722 | 3523 | SH |  | SOLE |  | 1532 | 0 | 1991 |
| PayPal Holdings Inc. | COM | 70450Y103 |  | 254781 | 5633 | SH |  | SOLE |  | 0 | 0 | 5633 |
| Paychex Inc. | COM | 704326107 |  | 1523357 | 16537 | SH |  | SOLE |  | 5715 | 0 | 10822 |
| Plumas Bancorp | COM | 729273102 |  | 2186817 | 44793 | SH |  | SOLE |  | 15848 | 0 | 28945 |
| Rostelecom Long Distance ADR | ADR | 778529107 |  | 5 | 46280 | SH |  | SOLE |  | 43500 | 0 | 2780 |
| Schneider Electric SA | COM | 483410007 |  | 2508321 | 9476 | SH |  | SOLE |  | 3053 | 0 | 6423 |
| Sherwin-Williams Co. | COM | 824348106 |  | 2007072 | 6261 | SH |  | SOLE |  | 1860 | 0 | 4401 |
| Siemens Aktiengesellschaft | COM | 826197501 |  | 248391 | 2038 | SH |  | SOLE |  | 0 | 0 | 2038 |
| Snap-on Inc. | COM | 833034101 |  | 3222494 | 8872 | SH |  | SOLE |  | 2847 | 0 | 6025 |
| Straumann Holdings AG | COM | 715683900 |  | 1271564 | 12390 | SH |  | SOLE |  | 4073 | 0 | 8317 |
| Taiwan Semiconductor Manufactu | ADR | 874039100 |  | 2701572 | 7994 | SH |  | SOLE |  | 2567 | 0 | 5427 |
| Tennant Co. | COM | 880345103 |  | 658558 | 9918 | SH |  | SOLE |  | 4718 | 0 | 5200 |
| Texas Roadhouse Inc. | COM | 882681109 |  | 999040 | 6050 | SH |  | SOLE |  | 1346 | 0 | 4704 |
| Toromont Industries Ltd. | COM | 891102105 |  | 2705163 | 19322 | SH |  | SOLE |  | 7259 | 0 | 12063 |
| Treatt PLC | COM | G9026D113 |  | 189762 | 72963 | SH |  | SOLE |  | 17435 | 0 | 55528 |
| Trulieve Cannabis Corp. | COM | 89788C104 |  | 219537 | 39203 | SH |  | SOLE |  | 0 | 0 | 39203 |
| VeriSign Inc. | COM | 92343E102 |  | 305234 | 1229 | SH |  | SOLE |  | 0 | 0 | 1229 |
| Vermilion Energy Trust | COM | 923725105 |  | 1126584 | 81755 | SH |  | SOLE |  | 30827 | 0 | 50928 |
| Visa Inc. | COM | 92826C839 |  | 217311 | 719 | SH |  | SOLE |  | 0 | 0 | 719 |
| W.W. Grainger Inc. | COM | 384802104 |  | 2477307 | 2271 | SH |  | SOLE |  | 857 | 0 | 1414 |
| Wintrust Financial Corp. | COM | 97650W108 |  | 2035193 | 14648 | SH |  | SOLE |  | 5128 | 0 | 9520 |
| Zoetis Inc. | COM | 98978V103 |  | 500147 | 4231 | SH |  | SOLE |  | 1235 | 0 | 2996 |
| Zoom Communications Inc. | COM | 98980L101 |  | 251701 | 3131 | SH |  | SOLE |  | 0 | 0 | 3131 |

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