# EDGAR Filing Document

**Accession Number:** 0001284812
**File Stem:** 0000950123-25-007960
**Filing Date:** 2025-8
**Character Count:** 48827
**Document Hash:** 5ef584bde675f8e07708197a2438e991
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950123-25-007960.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0000950123-25-007960

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COHEN & STEERS, INC.
- **CENTRAL INDEX KEY:** 0001284812
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 141904657
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11197
- **FILM NUMBER:** 251214117

**BUSINESS ADDRESS:**
- **STREET 1:** 1166 AVENUE OF THE AMERICAS
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212 832 3232

**MAIL ADDRESS:**
- **STREET 1:** 1166 AVENUE OF THE AMERICAS
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COHEN & STEERS INC
- **DATE OF NAME CHANGE:** 20040324

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** COHEN  STEERS INC.<br>**Address:** 1166 AVENUE OF THE AMERICAS<br>30th Floor<br>NEW YORK, NY 10036

**Form 13F File Number:** 028-11197

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:** Frank Poli<br>**Title:** EVP General Counsel<br>**Phone:** 212-832-3232

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

/s/ Frank Poli  New York, NY  08-14-2025<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 2

**Form 13F Information Table Entry Total:** 443

**Form 13F Information Table Value Total:** $54535716

      (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.]

|   No. | Name                           | Form 13F File Number   | CRD Number   | SEC File Number   |
|---:|:---|:---|:---|:---|
|     1 | Russell Investments Group Ltd. | 028-17598              |  |  |

### 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 |
| 3M Company | COM | 88579Y101 |  | 320 | 2100 | SH |  | SOLE | 1 | 0 | 0 | 2100 |
| Abbott Laboratories | COM | 002824100 |  | 272 | 2000 | SH |  | SOLE | 1 | 0 | 0 | 2000 |
| AbbVie Inc. | COM | 00287Y109 |  | 316 | 1700 | SH |  | SOLE | 1 | 0 | 0 | 1700 |
| Abrdn Bloomberg All Commodit | COM | 003261104 |  | 730 | 35159 | SH |  | SOLE | 1 | 35159 | 0 | 0 |
| Abrdn Bloomberg All Commodit | COM | 003261203 |  | 731 | 22046 | SH |  | SOLE | 1 | 22046 | 0 | 0 |
| Acadia Realty Trust | COM | 004239109 |  | 354611 | 19095898 | SH |  | SOLE | 12 | 12955266 | 0 | 6140632 |
| Accenture PLC | COM | G1151C101 |  | 120 | 400 | SH |  | SOLE | 1 | 0 | 0 | 400 |
| Adams Express Co | COM | 006212104 |  | 27021 | 1244635 | SH |  | SOLE | 1 | 1244635 | 0 | 0 |
| Adams Natural Resources Fund | COM | 00548F105 |  | 3654 | 170985 | SH |  | SOLE | 1 | 170985 | 0 | 0 |
| Adobe Systems Incorporated | COM | 00724F101 |  | 232 | 600 | SH |  | SOLE | 1 | 0 | 0 | 600 |
| Advanced Micro Devic | COM | 007903107 |  | 156 | 1100 | SH |  | SOLE | 1 | 0 | 0 | 1100 |
| Agco Corp. | COM | 001084102 |  | 15128 | 146642 | SH |  | SOLE | 1 | 146642 | 0 | 0 |
| Agnico Eagle Mines Ltd | COM | 008474108 |  | 13735 | 115490 | SH |  | SOLE | 1 | 114750 | 0 | 740 |
| Agree Realty Corp. | COM | 008492100 |  | 905216 | 12390683 | SH |  | SOLE | 12 | 8940042 | 0 | 3450641 |
| Alexandria Real Estate Equities | COM | 015271109 |  | 13 | 174 | SH |  | SOLE | 1 | 174 | 0 | 0 |
| Alliance National Muni Inc. | COM | 01864U106 |  | 753 | 73000 | SH |  | SOLE | 1 | 73000 | 0 | 0 |
| AllianceBernstein Global High Income Fund | COM | 01879R106 |  | 1559 | 141297 | SH |  | SOLE | 1 | 141297 | 0 | 0 |
| Alliant Energy Corporation | COM | 018802108 |  | 57186 | 945688 | SH |  | SOLE | 1 | 945688 | 0 | 0 |
| Allspring Income Opportunities Fund | COM | 94987B105 |  | 6105 | 864743 | SH |  | SOLE | 1 | 864743 | 0 | 0 |
| Alphabet Inc CL A | COM | 02079K305 |  | 1974 | 11200 | SH |  | SOLE | 1 | 0 | 0 | 11200 |
| Altria Group Inc. | COM | 02209S103 |  | 205 | 3500 | SH |  | SOLE | 1 | 0 | 0 | 3500 |
| Amazon.com Inc. | COM | 023135106 |  | 1404 | 6400 | SH |  | SOLE | 1 | 0 | 0 | 6400 |
| Ameren Corporation | COM | 023608102 |  | 204832 | 2132782 | SH |  | SOLE | 12 | 2032369 | 0 | 100413 |
| American Electric Power Company Inc. | COM | 025537101 |  | 143 | 1375 | SH |  | SOLE | 1 | 0 | 0 | 1375 |
| American Homes 4 Rent-CL | COM | 02665T306 |  | 440461 | 12211714 | SH |  | SOLE | 12 | 11173738 | 0 | 1037976 |
| American Tower Corporation | COM | 03027X100 |  | 3072561 | 13903466 | SH |  | SOLE | 12 | 13123825 | 0 | 779641 |
| American Water Works Company Inc. | COM | 030420103 |  | 39299 | 282500 | SH |  | SOLE | 12 | 275654 | 0 | 6846 |
| Americold Realty Trust | COM | 03064D108 |  | 458992 | 27598091 | SH |  | SOLE | 12 | 21148495 | 0 | 6449596 |
| Ameriprise Financial Inc. | COM | 03076C106 |  | 187 | 350 | SH |  | SOLE | 1 | 0 | 0 | 350 |
| Antero Resources Corporation | COM | 03674X106 |  | 1020 | 25318 | SH |  | SOLE | 1 | 25318 | 0 | 0 |
| Anthem Inc. | COM | 036752103 |  | 86 | 220 | SH |  | SOLE | 1 | 0 | 0 | 220 |
| Apple Hospitality REIT Inc | COM | 03784Y200 |  | 1351 | 115754 | SH |  | SOLE | 1 | 115754 | 0 | 0 |
| Apple Inc. | COM | 037833100 |  | 2257 | 11000 | SH |  | SOLE | 1 | 0 | 0 | 11000 |
| Applied Materials Inc. | COM | 038222105 |  | 311 | 1700 | SH |  | SOLE | 1 | 0 | 0 | 1700 |
| Applovin Corp-Class A | COM | 03831W108 |  | 175 | 500 | SH |  | SOLE | 1 | 0 | 0 | 500 |
| Archer-Daniels-Midland Company | COM | 039483102 |  | 3342 | 63317 | SH |  | SOLE | 1 | 60817 | 0 | 2500 |
| Ares Dynamic Credit Allocation | COM | 04014F102 |  | 2563 | 180212 | SH |  | SOLE | 1 | 180212 | 0 | 0 |
| Aspen Insurance Holdings-A | COM | G05384501 |  | 629 | 20000 | SH |  | SOLE | 1 | 20000 | 0 | 0 |
| Astera Labs Inc | COM | 04626A103 |  | 362 | 4000 | SH |  | SOLE | 1 | 4000 | 0 | 0 |
| Automatic Data Processing Inc. | COM | 053015103 |  | 204 | 660 | SH |  | SOLE | 1 | 0 | 0 | 660 |
| Autozone Inc. | COM | 053332102 |  | 130 | 35 | SH |  | SOLE | 1 | 0 | 0 | 35 |
| AvalonBay Communities Inc | COM | 053484101 |  | 65695 | 322823 | SH |  | SOLE | 1 | 220295 | 0 | 102528 |
| Avenue Income Credit Strategy | COM | 003057106 |  | 4162 | 705500 | SH |  | SOLE | 1 | 705500 | 0 | 0 |
| Avery Dennison Corporation | COM | 053611109 |  | 158 | 900 | SH |  | SOLE | 1 | 0 | 0 | 900 |
| Babson Cap Global | COM | 06760L100 |  | 4119 | 267497 | SH |  | SOLE | 1 | 267497 | 0 | 0 |
| Baker Hughes Company | COM | 05722G100 |  | 2410 | 62867 | SH |  | SOLE | 1 | 62867 | 0 | 0 |
| Bank of America 7.25 CV Pfd. L | PFD | 060505682 |  | 243 | 200 | SH |  | SOLE | 1 | 200 | 0 | 0 |
| Berkshire Hathaway Inc. | COM | 084670702 |  | 5298 | 10907 | SH |  | SOLE | 1 | 10007 | 0 | 900 |
| Blackrock Capital Allocation | COM | 09260U109 |  | 22873 | 1510751 | SH |  | SOLE | 1 | 1510751 | 0 | 0 |
| Blackrock Corporate High Yield Fund 6 | COM | 09255P107 |  | 3955 | 405607 | SH |  | SOLE | 1 | 405607 | 0 | 0 |
| BlackRock Credit Allocation Income Trust | COM | 092508100 |  | 3615 | 331022 | SH |  | SOLE | 1 | 331022 | 0 | 0 |
| Blackrock Debt Strategies Fund | COM | 09255R202 |  | 106 | 10000 | SH |  | SOLE | 1 | 10000 | 0 | 0 |
| Blackrock Enh Cap And Inc | COM | 09256A109 |  | 3423 | 160317 | SH |  | SOLE | 1 | 160317 | 0 | 0 |
| Blackrock Esg Capital Alloca | COM | 09262F100 |  | 13308 | 828615 | SH |  | SOLE | 1 | 828615 | 0 | 0 |
| Blackrock Glbl Flt Rt Inc Tr | COM | 091941104 |  | 1088 | 86865 | SH |  | SOLE | 1 | 86865 | 0 | 0 |
| Blackrock Inc. | COM | 09290D101 |  | 241 | 230 | SH |  | SOLE | 1 | 0 | 0 | 230 |
| Blackrock Limited Duration Income Trust | COM | 09249W101 |  | 5272 | 371801 | SH |  | SOLE | 1 | 371801 | 0 | 0 |
| Blackrock Muniassets Fund | COM | 09254J102 |  | 414 | 39832 | SH |  | SOLE | 1 | 39832 | 0 | 0 |
| BlackRock MuniHoldings Fd Inc | COM | 09253N104 |  | 1349 | 120447 | SH |  | SOLE | 1 | 120447 | 0 | 0 |
| Blackrock Muniholdings In Ii | COM | 09254C107 |  | 575 | 60000 | SH |  | SOLE | 1 | 60000 | 0 | 0 |
| Blackrock Muniholdings Ny In | COM | 09255C106 |  | 128 | 13000 | SH |  | SOLE | 1 | 13000 | 0 | 0 |
| Blackrock Munivest Fund | COM | 09253R105 |  | 1463 | 222379 | SH |  | SOLE | 1 | 222379 | 0 | 0 |
| Blackrock Munivest Fund Ii | COM | 09253T101 |  | 599 | 58000 | SH |  | SOLE | 1 | 58000 | 0 | 0 |
| Blackrock Muniyield Fund | COM | 09253W104 |  | 836 | 83315 | SH |  | SOLE | 1 | 83315 | 0 | 0 |
| Blackrock Muniyield Insured | COM | 09254E103 |  | 1749 | 166757 | SH |  | SOLE | 1 | 166757 | 0 | 0 |
| Blackrock Muniyield Qual Ii | COM | 09254G108 |  | 530 | 55000 | SH |  | SOLE | 1 | 55000 | 0 | 0 |
| Blackrock Muniyield Quality | COM | 09254F100 |  | 393 | 35385 | SH |  | SOLE | 1 | 35385 | 0 | 0 |
| BlackRock NY Muni Income Trust | COM | 09248L106 |  | 387 | 40000 | SH |  | SOLE | 1 | 40000 | 0 | 0 |
| Blackstone/GSO Long-Short CR | COM | 09257D102 |  | 1861 | 149996 | SH |  | SOLE | 1 | 149996 | 0 | 0 |
| Book Holdings Inc | COM | 09857L108 |  | 289 | 50 | SH |  | SOLE | 1 | 0 | 0 | 50 |
| Boulder Growth  Income Fund Inc. | COM | 101507101 |  | 2902 | 164158 | SH |  | SOLE | 1 | 164158 | 0 | 0 |
| Bowhead Specialty Holdings I | COM | 10240L102 |  | 788 | 21000 | SH |  | SOLE | 1 | 21000 | 0 | 0 |
| Boyd Gaming Corp. | COM | 103304101 |  | 289806 | 3704124 | SH |  | SOLE | 1 | 3539668 | 0 | 164456 |
| Bristol-Myers Squibb Company | COM | 110122108 |  | 278 | 6000 | SH |  | SOLE | 1 | 0 | 0 | 6000 |
| Broadcom Inc | COM | 11135F101 |  | 882 | 3200 | SH |  | SOLE | 1 | 0 | 0 | 3200 |
| Bunge Global Sa | COM | H11356104 |  | 25951 | 323251 | SH |  | SOLE | 1 | 323251 | 0 | 0 |
| BXP Inc. | COM | 101121101 |  | 345311 | 5117309 | SH |  | SOLE | 1 | 3885137 | 0 | 1232172 |
| Caesars Entertainment Inc | COM | 12769G100 |  | 403225 | 14201066 | SH |  | SOLE | 12 | 13292588 | 0 | 908478 |
| Calamos Convertible  High Income Fund | COM | 12811P108 |  | 2648 | 240984 | SH |  | SOLE | 1 | 240984 | 0 | 0 |
| Calamos Lng/Shrt Eq  Dyn | COM | 12812C106 |  | 2611 | 160854 | SH |  | SOLE | 1 | 160854 | 0 | 0 |
| Cal-Main Foods Inc | COM | 128030202 |  | 3128 | 31397 | SH |  | SOLE | 1 | 31397 | 0 | 0 |
| Camden Property Trust | COM | 133131102 |  | 26 | 229 | SH |  | SOLE | 1 | 229 | 0 | 0 |
| Cameco Corp | COM | 13321L108 |  | 10604 | 142852 | SH |  | SOLE | 1 | 142852 | 0 | 0 |
| Capital One Financial Corporation | COM | 14040H105 |  | 217 | 1019 | SH |  | SOLE | 1 | 0 | 0 | 1019 |
| Caretrust REIT Inc | COM | 14174T107 |  | 259512 | 8480773 | SH |  | SOLE | 12 | 6344525 | 0 | 2136248 |
| Carlisle Corp | COM | 142339100 |  | 187 | 500 | SH |  | SOLE | 1 | 0 | 0 | 500 |
| Carrier Global Corp | COM | 14448C104 |  | 293 | 4000 | SH |  | SOLE | 1 | 0 | 0 | 4000 |
| Caterpillar Inc. | COM | 149123101 |  | 349 | 900 | SH |  | SOLE | 1 | 0 | 0 | 900 |
| Cboe Global Markets Inc | COM | 12503M108 |  | 93 | 400 | SH |  | SOLE | 1 | 0 | 0 | 400 |
| Cencora Inc | COM | 03073E105 |  | 90 | 300 | SH |  | SOLE | 1 | 0 | 0 | 300 |
| CenterPoint Energy Inc. | COM | 15189T107 |  | 118765 | 3232588 | SH |  | SOLE | 12 | 3067487 | 0 | 165101 |
| Century Alum Co | COM | 156431108 |  | 3531 | 195963 | SH |  | SOLE | 1 | 195963 | 0 | 0 |
| CF Industries Holdings Inc. | COM | 125269100 |  | 4410 | 47940 | SH |  | SOLE | 1 | 47940 | 0 | 0 |
| Cheniere Energy Inc. | COM | 16411R208 |  | 65748 | 269989 | SH |  | SOLE | 12 | 260980 | 0 | 9009 |
| Chevron Corporation | COM | 166764100 |  | 20323 | 141927 | SH |  | SOLE | 1 | 139627 | 0 | 2300 |
| China Fund Inc | COM | 169373107 |  | 382 | 25624 | SH |  | SOLE | 1 | 25624 | 0 | 0 |
| Chn  Strs Prfr A I Op A Etf | COM | 19249U203 |  | 20275 | 796000 | SH |  | SOLE | 1 | 796000 | 0 | 0 |
| Cintas Corporation | COM | 172908105 |  | 134 | 600 | SH |  | SOLE | 1 | 0 | 0 | 600 |
| Cisco Systems Inc. | COM | 17275R102 |  | 479 | 6900 | SH |  | SOLE | 1 | 0 | 0 | 6900 |
| Cliffs Natural Resou | COM | 185899101 |  | 2337 | 307489 | SH |  | SOLE | 1 | 307489 | 0 | 0 |
| CME Group Inc. | COM | 12572Q105 |  | 138 | 500 | SH |  | SOLE | 1 | 0 | 0 | 500 |
| Coeur D Alene Mines Cor | COM | 192108504 |  | 3440 | 388241 | SH |  | SOLE | 1 | 388241 | 0 | 0 |
| Cognizant Technology Solutions Corporation | COM | 192446102 |  | 156 | 2000 | SH |  | SOLE | 1 | 0 | 0 | 2000 |
| Cohen  Steers Nat Res A Etf | COM | 19249U302 |  | 15345 | 580000 | SH |  | SOLE | 1 | 580000 | 0 | 0 |
| Cohen  Steers Real Es A Etf | COM | 19249U104 |  | 20644 | 800000 | SH |  | SOLE | 1 | 800000 | 0 | 0 |
| Comcast Corporation | COM | 20030N101 |  | 143 | 4000 | SH |  | SOLE | 1 | 0 | 0 | 4000 |
| Conagra Foods Inc. | COM | 205887102 |  | 68 | 3300 | SH |  | SOLE | 1 | 0 | 0 | 3300 |
| Concentra Group Holdings Par | COM | 20603L102 |  | 1695 | 82420 | SH |  | SOLE | 1 | 82420 | 0 | 0 |
| Conocophillips | COM | 20825C104 |  | 4537 | 50556 | SH |  | SOLE | 1 | 50556 | 0 | 0 |
| Consolidated Edison Inc. | COM | 209115104 |  | 70265 | 700198 | SH |  | SOLE | 12 | 668777 | 0 | 31421 |
| Constellation Energy Corp | COM | 21037T109 |  | 12473 | 38644 | SH |  | SOLE | 1 | 10211 | 0 | 28433 |
| Constellium Se | COM | F21107101 |  | 3006 | 226035 | SH |  | SOLE | 1 | 226035 | 0 | 0 |
| Consumer Discretionary Selt | COM | 81369Y407 |  | 1413 | 6500 | SH |  | SOLE | 1 | 6500 | 0 | 0 |
| Cornerstone Strategic Value Fund Inc | COM | 21924B302 |  | 5968 | 734931 | SH |  | SOLE | 1 | 734931 | 0 | 0 |
| Cornerstone Total Return Fund Inc | COM | 21924U300 |  | 2248 | 290000 | SH |  | SOLE | 1 | 290000 | 0 | 0 |
| Corteva Inc-W/I | COM | 22052L104 |  | 16890 | 226619 | SH |  | SOLE | 1 | 225119 | 0 | 1500 |
| Costco Wholesale Corporation | COM | 22160K105 |  | 396 | 400 | SH |  | SOLE | 1 | 0 | 0 | 400 |
| Crh Plc | COM | G25508105 |  | 96 | 1050 | SH |  | SOLE | 1 | 0 | 0 | 1050 |
| Crown Castle Inc. | COM | 22822V101 |  | 3114681 | 30323349 | SH |  | SOLE | 12 | 24737723 | 0 | 5585626 |
| CSX Corporation | COM | 126408103 |  | 271999 | 8335860 | SH |  | SOLE | 12 | 8075736 | 0 | 260124 |
| CubeSmart | COM | 229663109 |  | 4192 | 98635 | SH |  | SOLE | 1 | 0 | 0 | 98635 |
| Curbline Properties Corp | COM | 23128Q101 |  | 45667 | 2000323 | SH |  | SOLE | 1 | 0 | 0 | 2000323 |
| Danaher Corporation | COM | 235851102 |  | 136 | 690 | SH |  | SOLE | 1 | 0 | 0 | 690 |
| Darden Restaurants Inc. | COM | 237194105 |  | 131 | 600 | SH |  | SOLE | 1 | 0 | 0 | 600 |
| Deckers Outdoor Corp | COM | 243537107 |  | 124 | 1200 | SH |  | SOLE | 1 | 0 | 0 | 1200 |
| Deere  Company | COM | 244199105 |  | 2390 | 4701 | SH |  | SOLE | 1 | 4701 | 0 | 0 |
| Delek Logistics Partners Lp | COM | 24664T103 |  | 8183 | 190528 | SH |  | SOLE | 1 | 190528 | 0 | 0 |
| Diamondback Energy Inc | COM | 25278X109 |  | 3505 | 25510 | SH |  | SOLE | 1 | 25510 | 0 | 0 |
| Dick's Sporting Goods Inc. | COM | 253393102 |  | 119 | 600 | SH |  | SOLE | 1 | 0 | 0 | 600 |
| Digital Realty Trust Inc. | COM | 253868103 |  | 4160639 | 23868938 | SH |  | SOLE | 12 | 17325010 | 0 | 6543928 |
| DNP Select Income Fund | COM | 23325P104 |  | 5891 | 601704 | SH |  | SOLE | 1 | 601704 | 0 | 0 |
| Docusign Inc | COM | 256163106 |  | 109 | 1400 | SH |  | SOLE | 1 | 0 | 0 | 1400 |
| Dominion Resources Inc. | COM | 25746U109 |  | 155114 | 2744416 | SH |  | SOLE | 12 | 2712375 | 0 | 32041 |
| Doubleline Income Solutions | COM | 258622109 |  | 4272 | 348993 | SH |  | SOLE | 1 | 348993 | 0 | 0 |
| Doubleline Yield Opport | COM | 25862D105 |  | 2728 | 175007 | SH |  | SOLE | 1 | 175007 | 0 | 0 |
| Douglas Emmett Inc. | COM | 25960P109 |  | 3 | 192 | SH |  | SOLE | 1 | 192 | 0 | 0 |
| Dreyfus Strategic Municipal Bond Fund | COM | 09662E109 |  | 224 | 40000 | SH |  | SOLE | 1 | 40000 | 0 | 0 |
| Dreyfus Strategic Municipals | COM | 05588W108 |  | 1915 | 323400 | SH |  | SOLE | 1 | 323400 | 0 | 0 |
| Dt Midstream Inc | COM | 23345M107 |  | 14434 | 131326 | SH |  | SOLE | 1 | 131326 | 0 | 0 |
| Duff  Phelps Global Utility | COM | 26433C105 |  | 2771 | 223271 | SH |  | SOLE | 1 | 223271 | 0 | 0 |
| Duke Energy Corporation | COM | 26441C204 |  | 187130 | 1585844 | SH |  | SOLE | 12 | 1537759 | 0 | 48085 |
| DWS Municipal Income Trust | COM | 233368109 |  | 1503 | 170000 | SH |  | SOLE | 1 | 170000 | 0 | 0 |
| Eastgroup Properties Inc. | COM | 277276101 |  | 442024 | 2644945 | SH |  | SOLE | 12 | 1360621 | 0 | 1284324 |
| Eaton Vance Enh Eqt Inc Ii | COM | 278277108 |  | 4149 | 171355 | SH |  | SOLE | 1 | 171355 | 0 | 0 |
| Eaton Vance Floating Rate Income Trust | COM | 278279104 |  | 1463 | 117240 | SH |  | SOLE | 1 | 117240 | 0 | 0 |
| Eaton Vance Insured Muni Bnd | COM | 27827X101 |  | 2147 | 221976 | SH |  | SOLE | 1 | 221976 | 0 | 0 |
| Eaton Vance Limited Duration Fund | COM | 27828H105 |  | 3852 | 375463 | SH |  | SOLE | 1 | 375463 | 0 | 0 |
| Eaton Vance Risk-Managed Diversified Equity Income | COM | 27829G106 |  | 4407 | 487446 | SH |  | SOLE | 1 | 487446 | 0 | 0 |
| Eaton Vance Sr Fltg Rate Trust | COM | 27828Q105 |  | 3853 | 317902 | SH |  | SOLE | 1 | 317902 | 0 | 0 |
| Eaton Vance T/A Global Dividend Income | COM | 27828S101 |  | 6620 | 316120 | SH |  | SOLE | 1 | 316120 | 0 | 0 |
| Eaton Vance T/M Buy-Wr In | COM | 27828X100 |  | 2238 | 154963 | SH |  | SOLE | 1 | 154963 | 0 | 0 |
| Eaton Vance T/M Buy-Write Opportunity | COM | 27828Y108 |  | 2177 | 156931 | SH |  | SOLE | 1 | 156931 | 0 | 0 |
| Eaton Vance Tax-Adv Dvd. Inc. Fund | COM | 27828G107 |  | 2830 | 117413 | SH |  | SOLE | 1 | 117413 | 0 | 0 |
| Eaton Vance Tax-Managed Dividend | COM | 27828N102 |  | 4573 | 295617 | SH |  | SOLE | 1 | 295617 | 0 | 0 |
| Eaton Vance Tax-Managed Global | COM | 27829F108 |  | 8966 | 1024690 | SH |  | SOLE | 1 | 1024690 | 0 | 0 |
| Ebay Inc | COM | 278642103 |  | 186 | 2500 | SH |  | SOLE | 1 | 0 | 0 | 2500 |
| Edison International | COM | 281020107 |  | 23260 | 450782 | SH |  | SOLE | 1 | 450782 | 0 | 0 |
| Eli Lilly and Company | COM | 532457108 |  | 421 | 540 | SH |  | SOLE | 1 | 0 | 0 | 540 |
| Emerson Electric Co. | COM | 291011104 |  | 140 | 1050 | SH |  | SOLE | 1 | 0 | 0 | 1050 |
| Enbridge Inc | COM | 29250N105 |  | 3100 | 68403 | SH |  | SOLE | 1 | 68403 | 0 | 0 |
| Energy Transfer LP | COM | 29273V100 |  | 53772 | 2965892 | SH |  | SOLE | 1 | 2965892 | 0 | 0 |
| Entergy Corporation | COM | 29364G103 |  | 223727 | 2691610 | SH |  | SOLE | 12 | 2526598 | 0 | 165012 |
| Enterprise Products Partners | COM | 293792107 |  | 5786 | 186571 | SH |  | SOLE | 1 | 186571 | 0 | 0 |
| Entertainment Properties Trust Pfd. E | PFD | 26884U307 |  | 1780 | 57085 | SH |  | SOLE | 1 | 57085 | 0 | 0 |
| Entertainment Property 5.75 CV (EPR C) | PFD | 26884U208 |  | 185 | 7388 | SH |  | SOLE | 1 | 0 | 0 | 7388 |
| EOG Resources Inc. | COM | 26875P101 |  | 6984 | 58388 | SH |  | SOLE | 1 | 57388 | 0 | 1000 |
| EQT Corporation | COM | 26884L109 |  | 4979 | 85369 | SH |  | SOLE | 1 | 85369 | 0 | 0 |
| Equinix Inc. | COM | 29444U700 |  | 1776263 | 2233142 | SH |  | SOLE | 12 | 1648042 | 0 | 585100 |
| Equity Lifestyle Properties | COM | 29472R108 |  | 62816 | 1018575 | SH |  | SOLE | 1 | 212717 | 0 | 805858 |
| Equity Residential | COM | 29476L107 |  | 21 | 317 | SH |  | SOLE | 1 | 317 | 0 | 0 |
| Essential Properties Realty | COM | 29670E107 |  | 275864 | 8645063 | SH |  | SOLE | 12 | 6662970 | 0 | 1982093 |
| Essex Property Trust Inc. | COM | 297178105 |  | 1577728 | 5566894 | SH |  | SOLE | 12 | 3999956 | 0 | 1566938 |
| Etoro Group Ltd-A | COM | G32089107 |  | 166 | 2500 | SH |  | SOLE | 1 | 2500 | 0 | 0 |
| Evergy Inc | COM | 30034W106 |  | 197629 | 2867090 | SH |  | SOLE | 12 | 2767018 | 0 | 100072 |
| Exelon Corporation | COM | 30161N101 |  | 169332 | 3899864 | SH |  | SOLE | 12 | 3669094 | 0 | 230770 |
| Expand Energy Corp. | COM | 165167735 |  | 11664 | 99743 | SH |  | SOLE | 1 | 99743 | 0 | 0 |
| Expedia Inc. | COM | 30212P303 |  | 169 | 1000 | SH |  | SOLE | 1 | 0 | 0 | 1000 |
| Extra Space Storage Inc. | COM | 30225T102 |  | 2066924 | 14019626 | SH |  | SOLE | 12 | 9872607 | 0 | 4147019 |
| Exxon Mobil Corporation | COM | 30231G102 |  | 27392 | 254102 | SH |  | SOLE | 1 | 250902 | 0 | 3200 |
| Facebook Inc. | COM | 30303M102 |  | 1698 | 2300 | SH |  | SOLE | 1 | 0 | 0 | 2300 |
| Fastenal Company | COM | 311900104 |  | 134 | 3200 | SH |  | SOLE | 1 | 0 | 0 | 3200 |
| Federal Realty Investment Trust | COM | 313745101 |  | 19 | 196 | SH |  | SOLE | 1 | 196 | 0 | 0 |
| FedEx Corporation | COM | 31428X106 |  | 227 | 1000 | SH |  | SOLE | 1 | 0 | 0 | 1000 |
| First Solar Inc. | COM | 336433107 |  | 4817 | 29098 | SH |  | SOLE | 1 | 29098 | 0 | 0 |
| First Trust Intermediate Duration Pref  Inc Fund | COM | 33718W103 |  | 6798 | 361198 | SH |  | SOLE | 1 | 361198 | 0 | 0 |
| Fiserv Inc | COM | 337738108 |  | 138 | 800 | SH |  | SOLE | 1 | 0 | 0 | 800 |
| Flah  Crum/Claymore Preferred S I | COM | 338478100 |  | 9323 | 572296 | SH |  | SOLE | 1 | 572296 | 0 | 0 |
| Flaherty  Crumrine Dynamic | COM | 33848W106 |  | 9474 | 461489 | SH |  | SOLE | 1 | 461489 | 0 | 0 |
| Ford Motor Company | COM | 345370860 |  | 94 | 8700 | SH |  | SOLE | 1 | 0 | 0 | 8700 |
| Freeport-Mcmoran Inc. | COM | 35671D857 |  | 95 | 2200 | SH |  | SOLE | 1 | 0 | 0 | 2200 |
| Ft Energy Income Etf | COM | 33740F276 |  | 768 | 38937 | SH |  | SOLE | 1 | 38937 | 0 | 0 |
| Gabelli Dividend  Income Trust | COM | 36242H104 |  | 7722 | 296886 | SH |  | SOLE | 1 | 296886 | 0 | 0 |
| Gabelli Equity Trust | COM | 362397101 |  | 2328 | 400000 | SH |  | SOLE | 1 | 400000 | 0 | 0 |
| GE HealthCare Technologies Inc | COM | 36266G107 |  | 74 | 1000 | SH |  | SOLE | 1 | 0 | 0 | 1000 |
| General American Investors | COM | 368802104 |  | 14895 | 265799 | SH |  | SOLE | 1 | 265799 | 0 | 0 |
| General Dynamics Corporation | COM | 369550108 |  | 292 | 1000 | SH |  | SOLE | 1 | 0 | 0 | 1000 |
| Gilead Sciences Inc. | COM | 375558103 |  | 133 | 1200 | SH |  | SOLE | 1 | 0 | 0 | 1200 |
| Guggenheim Active Allocation | COM | 40170T106 |  | 11592 | 741149 | SH |  | SOLE | 1 | 741149 | 0 | 0 |
| Guggenheim Build America | COM | 401664107 |  | 1127 | 74924 | SH |  | SOLE | 1 | 74924 | 0 | 0 |
| Guggenheim Strategic Opp Fund | COM | 40167F101 |  | 5164 | 346789 | SH |  | SOLE | 1 | 346789 | 0 | 0 |
| Halliburton Company | COM | 406216101 |  | 82 | 4000 | SH |  | SOLE | 1 | 0 | 0 | 4000 |
| Healthcare Realty Trust Inc. | COM | 42226K105 |  | 951126 | 59972378 | SH |  | SOLE | 12 | 42285576 | 0 | 17686802 |
| Healthpeak Properties Inc | COM | 42250P103 |  | 0 | 5 | SH |  | SOLE | 1 | 5 | 0 | 0 |
| Hess Corporation | COM | 42809H107 |  | 9623 | 69457 | SH |  | SOLE | 1 | 69457 | 0 | 0 |
| Hess Midstream Lp - Class A | COM | 428103105 |  | 1475 | 38290 | SH |  | SOLE | 1 | 38290 | 0 | 0 |
| Hewlett-Packard Company | COM | 40434L105 |  | 103 | 4200 | SH |  | SOLE | 1 | 0 | 0 | 4200 |
| Highwoods Properties Inc. | COM | 431284108 |  | 465259 | 14964807 | SH |  | SOLE | 12 | 11580367 | 0 | 3384440 |
| Host Hotels  Resorts Inc. | COM | 44107P104 |  | 1216126 | 79163322 | SH |  | SOLE | 12 | 56987852 | 0 | 22175470 |
| Hudson Pacific Properties | COM | 444097109 |  | 174776 | 63798630 | SH |  | SOLE | 12 | 48200443 | 0 | 15598187 |
| Huntington Bancshares Incorporated | COM | 446150104 |  | 7 | 428 | SH |  | SOLE | 1 | 428 | 0 | 0 |
| I Shares Gold Trust | COM | 464285204 |  | 21157 | 339266 | SH |  | SOLE | 1 | 339266 | 0 | 0 |
| Illinois Tool Works Inc. | COM | 452308109 |  | 173 | 700 | SH |  | SOLE | 1 | 0 | 0 | 700 |
| International Business Machines Corporation | COM | 459200101 |  | 430 | 1460 | SH |  | SOLE | 1 | 0 | 0 | 1460 |
| International Paper Company | COM | 460146103 |  | 3622 | 77348 | SH |  | SOLE | 1 | 77348 | 0 | 0 |
| Intuit Inc. | COM | 461202103 |  | 236 | 300 | SH |  | SOLE | 1 | 0 | 0 | 300 |
| Invesco Preferred ETF | COM | 46138E511 |  | 1699 | 152655 | SH |  | SOLE | 1 | 152655 | 0 | 0 |
| Invesco Value Municipal Income Trust | COM | 46132P108 |  | 291 | 25000 | SH |  | SOLE | 1 | 25000 | 0 | 0 |
| Invesco Van Kampen Muni Trust | COM | 46131J103 |  | 229 | 25000 | SH |  | SOLE | 1 | 25000 | 0 | 0 |
| Invesco Van Kampen Senior Income Trust | COM | 46131H107 |  | 3083 | 811433 | SH |  | SOLE | 1 | 811433 | 0 | 0 |
| Invesco Van Kampen Tr for Invt Grade | COM | 46131M106 |  | 285 | 30000 | SH |  | SOLE | 1 | 30000 | 0 | 0 |
| Invitation Homes Inc | COM | 46187W107 |  | 2291556 | 69865425 | SH |  | SOLE | 12 | 49077693 | 0 | 20787732 |
| Iron Mountain Incorporated | COM | 46284V101 |  | 1412226 | 13768631 | SH |  | SOLE | 12 | 10046035 | 0 | 3722596 |
| Ishares Bloomberg Roll Selec | COM | 46431W598 |  | 5 | 100 | SH |  | SOLE | 1 | 100 | 0 | 0 |
| iShares Cohen  Steers Rlty | COM | 464287564 |  | 50 | 810 | SH |  | SOLE | 1 | 810 | 0 | 0 |
| iShares Iboxx Inv Gr Corp. Bd | COM | 464287242 |  | 3113 | 28398 | SH |  | SOLE | 1 | 28398 | 0 | 0 |
| iShares U.S. Preferred Stock ETF | COM | 464288687 |  | 4763 | 155243 | SH |  | SOLE | 1 | 155243 | 0 | 0 |
| Jbs Nv-A | COM | N4732M103 |  | 4720 | 323099 | SH |  | SOLE | 1 | 323099 | 0 | 0 |
| John Hancock Investors Trust | COM | 410142103 |  | 331 | 23927 | SH |  | SOLE | 1 | 23927 | 0 | 0 |
| John Hancock Patriot Premium Dividend Fund II | COM | 41013T105 |  | 9883 | 750413 | SH |  | SOLE | 1 | 750413 | 0 | 0 |
| John Hancock Preferred Income Fund | COM | 41013W108 |  | 2035 | 127264 | SH |  | SOLE | 1 | 127264 | 0 | 0 |
| John Hancock Preferred Income II | COM | 41013X106 |  | 1967 | 124424 | SH |  | SOLE | 1 | 124424 | 0 | 0 |
| John Hancock Preferred Income III | COM | 41021P103 |  | 377 | 26447 | SH |  | SOLE | 1 | 26447 | 0 | 0 |
| John Hancock T/A Dividend Income Fund | COM | 41013V100 |  | 1704 | 72835 | SH |  | SOLE | 1 | 72835 | 0 | 0 |
| Johnson  Johnson | COM | 478160104 |  | 611 | 4000 | SH |  | SOLE | 1 | 0 | 0 | 4000 |
| JPMorgan Chase  Co. | COM | 46625H100 |  | 899 | 3100 | SH |  | SOLE | 1 | 0 | 0 | 3100 |
| Kayne Anderson MLP Investment | COM | 486606106 |  | 1119 | 88000 | SH |  | SOLE | 1 | 88000 | 0 | 0 |
| Kilroy Realty Corp. | COM | 49427F108 |  | 573352 | 16709799 | SH |  | SOLE | 12 | 11250931 | 0 | 5458868 |
| Kimco Realty Corp 7.250 Conv/Perp Sr:N | PFD | 49446R687 |  | 5848 | 96604 | SH |  | SOLE | 1 | 0 | 0 | 96604 |
| Kimco Realty Corporation | COM | 49446R109 |  | 901571 | 42892299 | SH |  | SOLE | 12 | 28400162 | 0 | 14492137 |
| Kinder Morgan Inc. | COM | 49456B101 |  | 24940 | 848284 | SH |  | SOLE | 1 | 848284 | 0 | 0 |
| Kinetik Holdings Inc | COM | 02215L209 |  | 45397 | 1030590 | SH |  | SOLE | 1 | 994731 | 0 | 35859 |
| Kite Realty Group Trust | COM | 49803T300 |  | 471742 | 20827326 | SH |  | SOLE | 12 | 19211500 | 0 | 1615826 |
| KKR Income Opportunities | COM | 48249T106 |  | 475 | 37779 | SH |  | SOLE | 1 | 37779 | 0 | 0 |
| Lamar Advertising Co | COM | 512816109 |  | 356515 | 2937738 | SH |  | SOLE | 1 | 1582530 | 0 | 1355208 |
| Liberty All-Star Equity Fund | COM | 530158104 |  | 1839 | 270000 | SH |  | SOLE | 1 | 270000 | 0 | 0 |
| Lineage Inc | COM | 53566V106 |  | 67512 | 1550955 | SH |  | SOLE | 1 | 676895 | 0 | 874060 |
| LXP Industrial Trust 6.5 Perp | PFD | 529043309 |  | 10728 | 231649 | SH |  | SOLE | 1 | 186017 | 0 | 45632 |
| LyondellBasell Industries N.V. | COM | N53745100 |  | 174 | 3000 | SH |  | SOLE | 1 | 0 | 0 | 3000 |
| Mainstay Cbre Glbl Infr Mega | COM | 56064Q107 |  | 2094 | 147391 | SH |  | SOLE | 1 | 147391 | 0 | 0 |
| Mainstay DefTerm Muni Opps | COM | 56064K100 |  | 444 | 30000 | SH |  | SOLE | 1 | 30000 | 0 | 0 |
| Marathon Petroleum Corporation | COM | 56585A102 |  | 17343 | 104405 | SH |  | SOLE | 1 | 104405 | 0 | 0 |
| Marsh  Mclennan Companies Inc. | COM | 571748102 |  | 153 | 700 | SH |  | SOLE | 1 | 0 | 0 | 700 |
| Mastec Inc | COM | 576323109 |  | 2377 | 13950 | SH |  | SOLE | 1 | 13950 | 0 | 0 |
| McDonald's Corporation | COM | 580135101 |  | 175 | 600 | SH |  | SOLE | 1 | 0 | 0 | 600 |
| Medtronic plc | COM | G5960L103 |  | 109 | 1250 | SH |  | SOLE | 1 | 0 | 0 | 1250 |
| Merck  Co. Inc. | COM | 58933Y105 |  | 190 | 2400 | SH |  | SOLE | 1 | 0 | 0 | 2400 |
| Metlife Inc. | COM | 59156R108 |  | 121 | 1500 | SH |  | SOLE | 1 | 0 | 0 | 1500 |
| MFS Multimarket Income Trust | COM | 552737108 |  | 1549 | 329603 | SH |  | SOLE | 1 | 329603 | 0 | 0 |
| MFS Municipal Income Trust | COM | 552738106 |  | 155 | 30000 | SH |  | SOLE | 1 | 30000 | 0 | 0 |
| Microsoft Corporation | COM | 594918104 |  | 2587 | 5200 | SH |  | SOLE | 1 | 0 | 0 | 5200 |
| Mid-America Apartment Communities | COM | 59522J103 |  | 130498 | 881684 | SH |  | SOLE | 1 | 220195 | 0 | 661489 |
| Molson Coors Brewing Company | COM | 60871R209 |  | 91 | 1900 | SH |  | SOLE | 1 | 0 | 0 | 1900 |
| Mondelez International Inc. Class A | COM | 609207105 |  | 94 | 1400 | SH |  | SOLE | 1 | 0 | 0 | 1400 |
| Morgan Stanley | COM | 617446448 |  | 479 | 3400 | SH |  | SOLE | 1 | 0 | 0 | 3400 |
| Morgan Stanley China A Share | COM | 617468103 |  | 372 | 27000 | SH |  | SOLE | 1 | 27000 | 0 | 0 |
| Motorola Solutions Inc. | COM | 620076307 |  | 168 | 400 | SH |  | SOLE | 1 | 0 | 0 | 400 |
| MPLX LP | COM | 55336V100 |  | 35608 | 691287 | SH |  | SOLE | 1 | 691287 | 0 | 0 |
| National Storage Affiliates | COM | 637870106 |  | 9154 | 286150 | SH |  | SOLE | 1 | 0 | 0 | 286150 |
| Nbrgr Brmn Nex Gen Connect | COM | 64133Q108 |  | 262 | 17928 | SH |  | SOLE | 1 | 17928 | 0 | 0 |
| Net Power Inc | COM | 64107A105 |  | 2360 | 955604 | SH |  | SOLE | 1 | 955604 | 0 | 0 |
| Net Power Inc warrant | WARRANT | 64107A113 |  | 64 | 193606 | SH |  | SOLE | 1 | 193606 | 0 | 0 |
| NetApp Inc. | COM | 64110D104 |  | 141 | 1320 | SH |  | SOLE | 1 | 0 | 0 | 1320 |
| NetFlix Inc | COM | 64110L106 |  | 509 | 380 | SH |  | SOLE | 1 | 0 | 0 | 380 |
| Netstreit Corp | COM | 64119V303 |  | 82647 | 4881668 | SH |  | SOLE | 1 | 4710526 | 0 | 171142 |
| Neuberger Berman Intmd Muni | COM | 64124P101 |  | 1504 | 152982 | SH |  | SOLE | 1 | 152982 | 0 | 0 |
| Neuberger Berman MLP Income | COM | 64129H104 |  | 2583 | 287000 | SH |  | SOLE | 1 | 287000 | 0 | 0 |
| Newmont Mining Corporation | COM | 651639106 |  | 14166 | 243143 | SH |  | SOLE | 1 | 243143 | 0 | 0 |
| NextEra Energy Inc. | COM | 65339F101 |  | 437422 | 6301096 | SH |  | SOLE | 12 | 5976142 | 0 | 324954 |
| Nextracker Inc | COM | 65290E101 |  | 1573 | 28927 | SH |  | SOLE | 1 | 28927 | 0 | 0 |
| NIKE Inc. | COM | 654106103 |  | 213 | 3000 | SH |  | SOLE | 1 | 0 | 0 | 3000 |
| NiSource Inc. | COM | 65473P105 |  | 279960 | 6940004 | SH |  | SOLE | 12 | 6760527 | 0 | 179477 |
| Norfolk Southern Corporation | COM | 655844108 |  | 52459 | 204941 | SH |  | SOLE | 1 | 204941 | 0 | 0 |
| Nutrien Ltd | COM | 67077M108 |  | 17146 | 294402 | SH |  | SOLE | 1 | 294402 | 0 | 0 |
| Nuveen Dividend Adv Muni Fd 3 | COM | 67070X101 |  | 4485 | 376295 | SH |  | SOLE | 1 | 376295 | 0 | 0 |
| Nuveen Dividend Advan Muni Inc | COM | 67071L106 |  | 4071 | 341266 | SH |  | SOLE | 1 | 341266 | 0 | 0 |
| Nuveen Dividend Advantage Muni Fd | COM | 67066V101 |  | 4563 | 404123 | SH |  | SOLE | 1 | 404123 | 0 | 0 |
| Nuveen Dynamic Muni Opport | COM | 67079X102 |  | 594 | 59000 | SH |  | SOLE | 1 | 59000 | 0 | 0 |
| Nuveen Floating Rate Income | COM | 67072T108 |  | 7227 | 853263 | SH |  | SOLE | 1 | 853263 | 0 | 0 |
| Nuveen Global High Income | COM | 67075G103 |  | 5938 | 459239 | SH |  | SOLE | 1 | 459239 | 0 | 0 |
| Nuveen Ins T/F Adv Municipal | COM | 670657105 |  | 4398 | 402711 | SH |  | SOLE | 1 | 402711 | 0 | 0 |
| Nuveen Multi-Strategy Income  Growth 2 | COM | 67073D102 |  | 3960 | 734738 | SH |  | SOLE | 1 | 734738 | 0 | 0 |
| Nuveen Municipal Credit Opp | COM | 670663103 |  | 2833 | 264000 | SH |  | SOLE | 1 | 264000 | 0 | 0 |
| Nuveen NY AMT-Free Muni Inc | COM | 670656107 |  | 168 | 17000 | SH |  | SOLE | 1 | 17000 | 0 | 0 |
| Nuveen Preferred Income Opportunities Fund | COM | 67073B106 |  | 6298 | 785251 | SH |  | SOLE | 1 | 785251 | 0 | 0 |
| Nuveen Real Asset Inc and Grow | COM | 67074Y105 |  | 1861 | 137846 | SH |  | SOLE | 1 | 137846 | 0 | 0 |
| Nuveen Var Rt Pref  Inc | COM | 67080R102 |  | 3952 | 205000 | SH |  | SOLE | 1 | 205000 | 0 | 0 |
| NVIDIA Corporation | COM | 67066G104 |  | 2844 | 18000 | SH |  | SOLE | 1 | 0 | 0 | 18000 |
| Omega Healthcare Investors | COM | 681936100 |  | 352185 | 9609535 | SH |  | SOLE | 12 | 7288906 | 0 | 2320629 |
| Oneok Inc. | COM | 682680103 |  | 19590 | 239980 | SH |  | SOLE | 1 | 239980 | 0 | 0 |
| Onestream Inc | COM | 68278B107 |  | 566 | 20000 | SH |  | SOLE | 1 | 20000 | 0 | 0 |
| Outfront Media Inc | COM | 69007J304 |  | 226839 | 13899460 | SH |  | SOLE | 12 | 10096454 | 0 | 3803006 |
| Owens Corning | COM | 690742101 |  | 110 | 800 | SH |  | SOLE | 1 | 0 | 0 | 800 |
| Pacs Group Inc | COM | 69380Q107 |  | 125100 | 9682377 | SH |  | SOLE | 12 | 8300374 | 0 | 1382003 |
| Palantir Technologies Inc. | COM | 69608A108 |  | 245 | 1800 | SH |  | SOLE | 1 | 0 | 0 | 1800 |
| Palo Alto Networks Inc | COM | 697435105 |  | 246 | 1200 | SH |  | SOLE | 1 | 0 | 0 | 1200 |
| Paramount Group Inc | COM | 69924R108 |  | 115808 | 18984946 | SH |  | SOLE | 12 | 11647828 | 0 | 7337118 |
| Paychex Inc. | COM | 704326107 |  | 117 | 807 | SH |  | SOLE | 1 | 7 | 0 | 800 |
| PayPal Holdings Inc | COM | 70450Y103 |  | 223 | 3000 | SH |  | SOLE | 1 | 0 | 0 | 3000 |
| Pebblebrook Hotel Trust 6.3 Perp | PFD | 70509V704 |  | 1643 | 93641 | SH |  | SOLE | 1 | 0 | 0 | 93641 |
| Pebblebrook Hotel Trust 6.375 Perp | PFD | 70509V605 |  | 3047 | 173531 | SH |  | SOLE | 1 | 0 | 0 | 173531 |
| Pepsico Inc. | COM | 713448108 |  | 185 | 1400 | SH |  | SOLE | 1 | 0 | 0 | 1400 |
| Perpetua Resources Corp | COM | 714266103 |  | 4091 | 337010 | SH |  | SOLE | 1 | 337010 | 0 | 0 |
| Petroleo Brasileiro S.A. - ADR | ADR | 71654V408 |  | 2436 | 194712 | SH |  | SOLE | 1 | 194712 | 0 | 0 |
| PG Corporation | COM | 69331C108 |  | 88291 | 6333633 | SH |  | SOLE | 12 | 6076104 | 0 | 257529 |
| PGIM Short Duration High Yield FD | COM | 69346H100 |  | 6891 | 486278 | SH |  | SOLE | 1 | 486278 | 0 | 0 |
| Pgim Shrt Durat Hi Yld | COM | 69355J104 |  | 4251 | 252450 | SH |  | SOLE | 1 | 252450 | 0 | 0 |
| Phillips 66 | COM | 718546104 |  | 2503 | 20983 | SH |  | SOLE | 1 | 20983 | 0 | 0 |
| Piedmont Office Realty Trust A | COM | 720190206 |  | 31461 | 4315694 | SH |  | SOLE | 1 | 1875569 | 0 | 2440125 |
| Pilgrims Pride Corporation | COM | 72147K108 |  | 8129 | 180735 | SH |  | SOLE | 1 | 180735 | 0 | 0 |
| Pimco Access Income Fund | COM | 72203T100 |  | 12987 | 859487 | SH |  | SOLE | 1 | 859487 | 0 | 0 |
| Pimco Dynamic Income Fund | COM | 72201Y101 |  | 24409 | 1286712 | SH |  | SOLE | 1 | 1286712 | 0 | 0 |
| Pimco Dynamic Income Opport | COM | 69355M107 |  | 17600 | 1305639 | SH |  | SOLE | 1 | 1305639 | 0 | 0 |
| PIMCO Dynamic Income Strategy | COM | 69346N107 |  | 29772 | 1207776 | SH |  | SOLE | 1 | 1207776 | 0 | 0 |
| PIMCO Global Stocksplus  In | COM | 722011103 |  | 1151 | 138801 | SH |  | SOLE | 1 | 138801 | 0 | 0 |
| PIMCO High Income Fund | COM | 722014107 |  | 5329 | 1110156 | SH |  | SOLE | 1 | 1110156 | 0 | 0 |
| PIMCO Income Strategy Fund II | COM | 72201J104 |  | 5958 | 806234 | SH |  | SOLE | 1 | 806234 | 0 | 0 |
| Pimco Municipal Income Fund II | COM | 72200W106 |  | 447 | 60000 | SH |  | SOLE | 1 | 60000 | 0 | 0 |
| Pioneer Floating Rate Trust | COM | 72369J102 |  | 393 | 40000 | SH |  | SOLE | 1 | 40000 | 0 | 0 |
| Pioneer High Income Trust | COM | 72369H106 |  | 485 | 60000 | SH |  | SOLE | 1 | 60000 | 0 | 0 |
| Pioneer Muni High Inc Opp | COM | 723760104 |  | 59 | 5000 | SH |  | SOLE | 1 | 5000 | 0 | 0 |
| Pioneer Municipal High Income Advantage Trust | COM | 723762100 |  | 42 | 5000 | SH |  | SOLE | 1 | 5000 | 0 | 0 |
| Pioneer Municipal High Income Trust | COM | 723763108 |  | 92 | 10000 | SH |  | SOLE | 1 | 10000 | 0 | 0 |
| Plains All American Pipeline LP | COM | 726503105 |  | 25106 | 1370402 | SH |  | SOLE | 1 | 1370402 | 0 | 0 |
| Posco Holdings Inc -Spon Adr | ADR | 693483109 |  | 28 | 570 | SH |  | SOLE | 1 | 570 | 0 | 0 |
| PPG Industries Inc. | COM | 693506107 |  | 91 | 800 | SH |  | SOLE | 1 | 0 | 0 | 800 |
| PPL Corporation | COM | 69351T106 |  | 243998 | 7199699 | SH |  | SOLE | 12 | 6982781 | 0 | 216918 |
| Prologis Inc. | COM | 74340W103 |  | 2906567 | 27649070 | SH |  | SOLE | 12 | 20534637 | 0 | 7114433 |
| Prudential Gbl Shrt Dur Hi Yld | COM | 69346J106 |  | 7974 | 594659 | SH |  | SOLE | 1 | 594659 | 0 | 0 |
| Public Service Enterprise Group Incorporated | COM | 744573106 |  | 166402 | 1976743 | SH |  | SOLE | 12 | 1936916 | 0 | 39827 |
| Public Storage | COM | 74460D109 |  | 1320615 | 4501091 | SH |  | SOLE | 12 | 3318441 | 0 | 1182650 |
| PulteGroup Inc. | COM | 745867101 |  | 148 | 1400 | SH |  | SOLE | 1 | 0 | 0 | 1400 |
| Putnam Muni Opportunities Tst | COM | 746922103 |  | 1327 | 134200 | SH |  | SOLE | 1 | 134200 | 0 | 0 |
| Qualcomm Incorporated | COM | 747525103 |  | 303 | 1900 | SH |  | SOLE | 1 | 0 | 0 | 1900 |
| Raymond James Financial Inc. | COM | 754730109 |  | 215 | 1400 | SH |  | SOLE | 1 | 0 | 0 | 1400 |
| Rayonier Inc. | COM | 754907103 |  | 289122 | 13035239 | SH |  | SOLE | 12 | 10198612 | 0 | 2836627 |
| Realty Income Corporation | COM | 756109104 |  | 825983 | 14338480 | SH |  | SOLE | 12 | 9773201 | 0 | 4565279 |
| Reaves Utility Income Fund | COM | 756158101 |  | 724 | 20000 | SH |  | SOLE | 1 | 20000 | 0 | 0 |
| Reddit Inc-Cl A | COM | 75734B100 |  | 151 | 1000 | SH |  | SOLE | 1 | 1000 | 0 | 0 |
| Regency Centers Corporation | COM | 758849103 |  | 957 | 13434 | SH |  | SOLE | 1 | 13434 | 0 | 0 |
| Regeneron Pharmaceuticals Inc. | COM | 75886F107 |  | 68 | 130 | SH |  | SOLE | 1 | 0 | 0 | 130 |
| Regions Financial Corporation | COM | 7591EP100 |  | 129 | 5500 | SH |  | SOLE | 1 | 0 | 0 | 5500 |
| Reliance Steel  Alu | COM | 759509102 |  | 72 | 230 | SH |  | SOLE | 1 | 0 | 0 | 230 |
| ResMed Inc. | COM | 761152107 |  | 95 | 370 | SH |  | SOLE | 1 | 0 | 0 | 370 |
| Rexford Industrial Realty Inc | COM | 76169C100 |  | 21 | 594 | SH |  | SOLE | 1 | 594 | 0 | 0 |
| Rio Tinto PLC-Sponsored ADR | ADR | 767204100 |  | 3161 | 54194 | SH |  | SOLE | 1 | 54194 | 0 | 0 |
| Rlj Lodging Trust 7.8 Perp Sr:A  Cvt | PFD | 74965L200 |  | 6435 | 271969 | SH |  | SOLE | 1 | 130699 | 0 | 141270 |
| Rollins Inc | COM | 775711104 |  | 113 | 2000 | SH |  | SOLE | 1 | 0 | 0 | 2000 |
| Royce Value Trust | COM | 780910105 |  | 535 | 35521 | SH |  | SOLE | 1 | 35521 | 0 | 0 |
| Rubrik Inc-A | COM | 781154109 |  | 627 | 7000 | SH |  | SOLE | 1 | 7000 | 0 | 0 |
| Ryman Hospitality Properties | COM | 78377T107 |  | 83385 | 845094 | SH |  | SOLE | 1 | 0 | 0 | 845094 |
| Sailpoint Inc | COM | 78781J109 |  | 686 | 30000 | SH |  | SOLE | 1 | 30000 | 0 | 0 |
| salesforce.com inc. | COM | 79466L302 |  | 382 | 1400 | SH |  | SOLE | 1 | 0 | 0 | 1400 |
| SBA Communications Corporation | COM | 78410G104 |  | 1183685 | 5041055 | SH |  | SOLE | 12 | 4188286 | 0 | 852769 |
| Sempra Energy | COM | 816851109 |  | 186807 | 2465449 | SH |  | SOLE | 12 | 2342446 | 0 | 123003 |
| Shoals Technologies Group In | COM | 82489W107 |  | 605 | 142415 | SH |  | SOLE | 1 | 142415 | 0 | 0 |
| Simon Property Group Inc. | COM | 828806109 |  | 1638249 | 10190756 | SH |  | SOLE | 12 | 7608859 | 0 | 2581897 |
| SITE Centers Corp | COM | 82981J851 |  | 11025 | 974790 | SH |  | SOLE | 1 | 568186 | 0 | 406604 |
| Smithfield Foods Inc | COM | 832248207 |  | 12967 | 551083 | SH |  | SOLE | 1 | 551083 | 0 | 0 |
| Snap On Tools Corp. | COM | 833034101 |  | 112 | 360 | SH |  | SOLE | 1 | 0 | 0 | 360 |
| Spdr Dow Jones Reit Etf | COM | 78464A607 |  | 20 | 212 | SH |  | SOLE | 1 | 212 | 0 | 0 |
| Spdr Gold Minishares Trust | COM | 98149E303 |  | 69281 | 1057396 | SH |  | SOLE | 1 | 1057396 | 0 | 0 |
| Spdr Gold Trust | COM | 78463V107 |  | 2035 | 6675 | SH |  | SOLE | 1 | 6675 | 0 | 0 |
| Spdr Port Shrt Trm Corp Bnd | COM | 78464A474 |  | 30215 | 1000822 | SH |  | SOLE | 1 | 1000822 | 0 | 0 |
| SPDR Trust Series 1 | COM | 78462F103 |  | 15446 | 25000 | SH |  | SOLE | 1 | 25000 | 0 | 0 |
| Sprott Physical Gold And Silver Trust | COM | 85208R101 |  | 17262 | 573497 | SH |  | SOLE | 1 | 573497 | 0 | 0 |
| Sprott Physical Gold Tr | COM | 85207H104 |  | 12730 | 502155 | SH |  | SOLE | 1 | 502155 | 0 | 0 |
| Sprott Physical Silver Trust | COM | 85207K107 |  | 5387 | 440145 | SH |  | SOLE | 1 | 440145 | 0 | 0 |
| Ss Technologies Hldgs | COM | 78467J100 |  | 116 | 1400 | SH |  | SOLE | 1 | 0 | 0 | 1400 |
| Standardaero Inc | COM | 85423L103 |  | 633 | 20000 | SH |  | SOLE | 1 | 20000 | 0 | 0 |
| Stem Inc. | COM | 85859N300 |  | 199 | 31887 | SH |  | SOLE | 1 | 31887 | 0 | 0 |
| Sun Communities Inc. | COM | 866674104 |  | 2106762 | 16655434 | SH |  | SOLE | 12 | 11989647 | 0 | 4665787 |
| Sysco Corporation | COM | 871829107 |  | 121 | 1600 | SH |  | SOLE | 1 | 0 | 0 | 1600 |
| Targa Resources Corp. | COM | 87612G101 |  | 112529 | 646419 | SH |  | SOLE | 12 | 599015 | 0 | 47404 |
| Target Corporation | COM | 87612E106 |  | 109 | 1100 | SH |  | SOLE | 1 | 0 | 0 | 1100 |
| TC Energy Corp | COM | 87807B107 |  | 478 | 9805 | SH |  | SOLE | 1 | 9805 | 0 | 0 |
| Te Connectivity Plc | COM | G87052109 |  | 135 | 800 | SH |  | SOLE | 1 | 0 | 0 | 800 |
| Teck Resources Ltd-Cls B | COM | 878742204 |  | 12462 | 308619 | SH |  | SOLE | 1 | 308619 | 0 | 0 |
| Tekla Healthcare Investors | COM | 87911J103 |  | 1666 | 107573 | SH |  | SOLE | 1 | 107573 | 0 | 0 |
| Tekla Healthcare Opportunities Fund | COM | 879105104 |  | 972 | 52845 | SH |  | SOLE | 1 | 52845 | 0 | 0 |
| Templeton Dragon Fund Inc | COM | 88018T101 |  | 300 | 30000 | SH |  | SOLE | 1 | 30000 | 0 | 0 |
| Tempus Ai Inc | COM | 88023B103 |  | 635 | 10000 | SH |  | SOLE | 1 | 10000 | 0 | 0 |
| Tesla Motors Inc. | COM | 88160R101 |  | 699 | 2200 | SH |  | SOLE | 1 | 0 | 0 | 2200 |
| The American Express Co. | COM | 025816109 |  | 319 | 1000 | SH |  | SOLE | 1 | 0 | 0 | 1000 |
| The Goldman Sachs Group Inc. | COM | 38141G104 |  | 333 | 470 | SH |  | SOLE | 1 | 0 | 0 | 470 |
| The Home Depot Inc. | COM | 437076102 |  | 477 | 1300 | SH |  | SOLE | 1 | 0 | 0 | 1300 |
| The Kroger Co. | COM | 501044101 |  | 129 | 1800 | SH |  | SOLE | 1 | 0 | 0 | 1800 |
| The Mosaic Company | COM | 61945C103 |  | 14146 | 387771 | SH |  | SOLE | 1 | 387771 | 0 | 0 |
| The Procter  Gamble Company | COM | 742718109 |  | 319 | 2000 | SH |  | SOLE | 1 | 0 | 0 | 2000 |
| The Progressive Corporation | COM | 743315103 |  | 227 | 850 | SH |  | SOLE | 1 | 0 | 0 | 850 |
| The Southern Company | COM | 842587107 |  | 102696 | 1118326 | SH |  | SOLE | 1 | 1116096 | 0 | 2230 |
| The TJX Companies Inc. | COM | 872540109 |  | 247 | 2000 | SH |  | SOLE | 1 | 0 | 0 | 2000 |
| The Walt Disney Company | COM | 254687106 |  | 161 | 1300 | SH |  | SOLE | 1 | 0 | 0 | 1300 |
| The Williams Companies Inc. | COM | 969457100 |  | 300169 | 4778995 | SH |  | SOLE | 12 | 4468802 | 0 | 310193 |
| Thermo Fisher Scientific Inc. | COM | 883556102 |  | 203 | 500 | SH |  | SOLE | 1 | 0 | 0 | 500 |
| T-Mobile US Inc. | COM | 872590104 |  | 143 | 600 | SH |  | SOLE | 1 | 0 | 0 | 600 |
| Tortoise Energy Infrastructu | COM | 89147L886 |  | 1148 | 26164 | SH |  | SOLE | 1 | 26164 | 0 | 0 |
| TXNM Energy Inc. | COM | 69349H107 |  | 42775 | 759491 | SH |  | SOLE | 12 | 703141 | 0 | 56350 |
| Tyson Foods Inc | COM | 902494103 |  | 3989 | 71310 | SH |  | SOLE | 1 | 69310 | 0 | 2000 |
| U.S. Bancorp | COM | 902973304 |  | 127 | 2800 | SH |  | SOLE | 1 | 0 | 0 | 2800 |
| Uber Technologies Inc | COM | 90353T100 |  | 140 | 1500 | SH |  | SOLE | 1 | 0 | 0 | 1500 |
| UDR Inc. | COM | 902653104 |  | 1065164 | 26088262 | SH |  | SOLE | 12 | 19245495 | 0 | 6842767 |
| Ul Solutions Inc - Class A | COM | 903731107 |  | 3279 | 45000 | SH |  | SOLE | 1 | 45000 | 0 | 0 |
| Union Pacific Corporation | COM | 907818108 |  | 271960 | 1182023 | SH |  | SOLE | 12 | 1154350 | 0 | 27673 |
| UnitedHealth Group Incorporated | COM | 91324P102 |  | 312 | 1000 | SH |  | SOLE | 1 | 0 | 0 | 1000 |
| Vale S.A. ADR | ADR | 91912E105 |  | 4553 | 468941 | SH |  | SOLE | 1 | 468941 | 0 | 0 |
| Valero Energy Corporation | COM | 91913Y100 |  | 3473 | 25838 | SH |  | SOLE | 1 | 24538 | 0 | 1300 |
| Vanguard Int-Term Corporate | COM | 92206C870 |  | 7875 | 94971 | SH |  | SOLE | 1 | 94971 | 0 | 0 |
| Vanguard Reit Etf | COM | 922908553 |  | 3623 | 40679 | SH |  | SOLE | 1 | 40679 | 0 | 0 |
| Ventas Inc. | COM | 92276F100 |  | 43578 | 690068 | SH |  | SOLE | 1 | 0 | 0 | 690068 |
| Venture Global Inc | COM | 92333F101 |  | 82071 | 5267689 | SH |  | SOLE | 12 | 5003005 | 0 | 264684 |
| Verisign Inc | COM | 92343E102 |  | 214 | 740 | SH |  | SOLE | 1 | 0 | 0 | 740 |
| Verizon Communications Inc. | COM | 92343V104 |  | 164 | 3800 | SH |  | SOLE | 1 | 0 | 0 | 3800 |
| VICI Properties Inc. | COM | 925652109 |  | 673329 | 20655504 | SH |  | SOLE | 12 | 15147350 | 0 | 5508154 |
| Virtus Alliangzi Convertible  Income FD II | COM | 92838U801 |  | 3660 | 285042 | SH |  | SOLE | 1 | 285042 | 0 | 0 |
| Visa Inc. | COM | 92826C839 |  | 497 | 1400 | SH |  | SOLE | 1 | 0 | 0 | 1400 |
| Vistra Energy Corp | COM | 92840M102 |  | 7063 | 36444 | SH |  | SOLE | 1 | 9496 | 0 | 26948 |
| W.P. Carey  Co. LLC | COM | 92936U109 |  | 4 | 71 | SH |  | SOLE | 1 | 71 | 0 | 0 |
| Waystar Holding Corp | COM | 946784105 |  | 1512 | 37000 | SH |  | SOLE | 1 | 37000 | 0 | 0 |
| Wells Fargo  Co. 7.5 | PFD | 949746804 |  | 11020 | 9386 | SH |  | SOLE | 1 | 9386 | 0 | 0 |
| Wells Fargo  Company | COM | 949746101 |  | 216 | 2700 | SH |  | SOLE | 1 | 0 | 0 | 2700 |
| Wells Fargo Advantage Utilities and High Income Fund | COM | 94987E109 |  | 116 | 10000 | SH |  | SOLE | 1 | 10000 | 0 | 0 |
| Wells Fargo Multi-Sector Income Fund | COM | 94987D101 |  | 1359 | 143767 | SH |  | SOLE | 1 | 143767 | 0 | 0 |
| Welltower Inc. | COM | 95040Q104 |  | 5407085 | 35174884 | SH |  | SOLE | 12 | 26784674 | 0 | 8390210 |
| Weride Inc-Adr | ADR | 950915108 |  | 236 | 30000 | SH |  | SOLE | 1 | 30000 | 0 | 0 |
| Western Asset Divers Inc | COM | 95790K109 |  | 4051 | 272993 | SH |  | SOLE | 1 | 272993 | 0 | 0 |
| Western Asset Emerging Marke | COM | 95766A101 |  | 2714 | 270000 | SH |  | SOLE | 1 | 270000 | 0 | 0 |
| Western Asset Global High In | COM | 95766B109 |  | 2700 | 412919 | SH |  | SOLE | 1 | 412919 | 0 | 0 |
| Western Asset High Yield Defined Opportunity Fd. | COM | 95768B107 |  | 1659 | 138478 | SH |  | SOLE | 1 | 138478 | 0 | 0 |
| Western Asset Managed Munici | COM | 95766M105 |  | 525 | 53000 | SH |  | SOLE | 1 | 53000 | 0 | 0 |
| Weyerhaeuser Company | COM | 962166104 |  | 1102189 | 42900879 | SH |  | SOLE | 12 | 34905882 | 0 | 7994997 |
| Wheaton Precious Metals | COM | 962879102 |  | 12851 | 143105 | SH |  | SOLE | 1 | 143105 | 0 | 0 |
| Wisconsin Energy Corporation | COM | 92939U106 |  | 121264 | 1163760 | SH |  | SOLE | 12 | 1091224 | 0 | 72536 |
| Xcel Energy Inc. | COM | 98389B100 |  | 75280 | 1105432 | SH |  | SOLE | 12 | 1045648 | 0 | 59784 |

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