# EDGAR Filing Document

**Accession Number:** 0001520710
**File Stem:** 0001520710-26-000003
**Filing Date:** 2026-2
**Character Count:** 27241
**Document Hash:** 11760a62fb39a7615f535d72b196239d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001520710-26-000003.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0001520710-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**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/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16961
- **FILM NUMBER:** 26641950

**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:** 12-31-2025

**Check here if Amendment** [x] **Amendment Number:** 1

**This Amendment (Check only one.):** [x] 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

**CRD Number (if applicable):** 000154718

**SEC File Number (if applicable):** 801-71802

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  02-17-2026<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:** 227

**Form 13F Information Table Value Total:** $995909224

      (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 |  | 9047915 | 125613 | SH |  | SOLE |  | 125613 | 0 | 0 |
| American Healthcare REIT Inc. | COM | 398182303 |  | 3112335 | 66135 | SH |  | SOLE |  | 66135 | 0 | 0 |
| American Homes Rent Class A | COM | 02665T306 |  | 5382002 | 167663 | SH |  | SOLE |  | 167663 | 0 | 0 |
| American Tower Corporation | COM | 03027X100 |  | 41795094 | 238053 | SH |  | SOLE |  | 238053 | 0 | 0 |
| AvalonBay Communities Inc. | COM | 053484101 |  | 11545164 | 63676 | SH |  | SOLE |  | 63676 | 0 | 0 |
| Brixmor Property Group Inc. | COM | 11120U105 |  | 3241503 | 123627 | SH |  | SOLE |  | 123627 | 0 | 0 |
| BXP Inc | COM | 101121101 |  | 12314021 | 182484 | SH |  | SOLE |  | 182484 | 0 | 0 |
| Crown Castle Inc. | COM | 22822V101 |  | 22204604 | 249854 | SH |  | SOLE |  | 249854 | 0 | 0 |
| Camden Property Trust | COM | 133131102 |  | 10481065 | 95213 | SH |  | SOLE |  | 95213 | 0 | 0 |
| CareTrust REIT Inc. | COM | 14174T107 |  | 6975075 | 192894 | SH |  | SOLE |  | 192894 | 0 | 0 |
| Curbline Properties Corp. | COM | 23128Q101 |  | 3155391 | 135949 | SH |  | SOLE |  | 135949 | 0 | 0 |
| Digital Realty Trust Inc. | COM | 253868103 |  | 11582069 | 74863 | SH |  | SOLE |  | 74863 | 0 | 0 |
| EastGroup Properties Inc. | COM | 277276101 |  | 29284244 | 164388 | SH |  | SOLE |  | 164388 | 0 | 0 |
| Equity LifeStyle Properties Inc. | COM | 29472R108 |  | 11809651 | 194846 | SH |  | SOLE |  | 194846 | 0 | 0 |
| EPR Properties | COM | 26884U109 |  | 5154420 | 103295 | SH |  | SOLE |  | 103295 | 0 | 0 |
| Equinix Inc. | COM | 29444U700 |  | 39328599 | 51332 | SH |  | SOLE |  | 51332 | 0 | 0 |
| Essex Property Trust Inc. | COM | 297178105 |  | 14079318 | 53803 | SH |  | SOLE |  | 53803 | 0 | 0 |
| Extra Space Storage Inc. | COM | 30225T102 |  | 16109102 | 123706 | SH |  | SOLE |  | 123706 | 0 | 0 |
| Farmland Partners Inc | COM | 31154R109 |  | 4440920 | 458299 | SH |  | SOLE |  | 458299 | 0 | 0 |
| First Industrial Realty Trust Inc. | COM | 32054K103 |  | 1488508 | 25991 | SH |  | SOLE |  | 25991 | 0 | 0 |
| Gaming and Leisure Properties Inc. | COM | 36467J108 |  | 12959862 | 289994 | SH |  | SOLE |  | 289994 | 0 | 0 |
| Global Medical REIT Inc. | COM | 37954A303 |  | 1500809 | 44481 | SH |  | SOLE |  | 44481 | 0 | 0 |
| Howard Hughes Holdings Inc. | COM | 44267T102 |  | 5037554 | 63150 | SH |  | SOLE |  | 63150 | 0 | 0 |
| Host Hotels  Resorts Inc. | COM | 44107P104 |  | 6292329 | 354897 | SH |  | SOLE |  | 354897 | 0 | 0 |
| Invitation Homes Inc. | COM | 46187W107 |  | 7565557 | 272240 | SH |  | SOLE |  | 272240 | 0 | 0 |
| Iron Mountain Inc. | COM | 46284v101 |  | 2515701 | 30327 | SH |  | SOLE |  | 30327 | 0 | 0 |
| Kite Realty Group Trust | COM | 49803T300 |  | 23693113 | 988448 | SH |  | SOLE |  | 988448 | 0 | 0 |
| Mid-America Apartment Communities Inc. | COM | 59522J103 |  | 11938819 | 85946 | SH |  | SOLE |  | 85946 | 0 | 0 |
| Marriott International Inc. Class A | COM | 571903202 |  | 3259955 | 10507 | SH |  | SOLE |  | 10507 | 0 | 0 |
| Realty Income Corporation | COM | 756109104 |  | 12240211 | 217140 | SH |  | SOLE |  | 217140 | 0 | 0 |
| Omega Healthcare Investors Inc. | COM | 681936100 |  | 6003239 | 135391 | SH |  | SOLE |  | 135391 | 0 | 0 |
| OUTFRONT Media Inc. | COM | 69007J304 |  | 4293300 | 178145 | SH |  | SOLE |  | 178145 | 0 | 0 |
| Prologis Inc. | COM | 74340W103 |  | 26214965 | 205349 | SH |  | SOLE |  | 205349 | 0 | 0 |
| Public Storage | COM | 74460D109 |  | 19412114 | 74805 | SH |  | SOLE |  | 74805 | 0 | 0 |
| Postal Realty Trust Inc. Class A | COM | 73757R102 |  | 1777598 | 110136 | SH |  | SOLE |  | 110136 | 0 | 0 |
| Regency Centers Corporation | COM | 758849103 |  | 11397543 | 165110 | SH |  | SOLE |  | 165110 | 0 | 0 |
| Rayonier Inc. | COM | 754907103 |  | 2503400 | 115630 | SH |  | SOLE |  | 115630 | 0 | 0 |
| SBA Communications Corp. Class A | COM | 78410G104 |  | 6821303 | 35264 | SH |  | SOLE |  | 35264 | 0 | 0 |
| Sabra Health Care REIT Inc. | COM | 78573L106 |  | 5025252 | 265324 | SH |  | SOLE |  | 265324 | 0 | 0 |
| Simon Property Group Inc. | COM | 828806109 |  | 35828759 | 193553 | SH |  | SOLE |  | 193553 | 0 | 0 |
| Sun Communities Inc. | COM | 866674104 |  | 6895114 | 55646 | SH |  | SOLE |  | 55646 | 0 | 0 |
| Terreno Realty Corporation | COM | 88146M101 |  | 26682431 | 454478 | SH |  | SOLE |  | 454478 | 0 | 0 |
| UMH Properties Inc. | COM | 903002103 |  | 1543865 | 97037 | SH |  | SOLE |  | 97037 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 |  | 10850117 | 385850 | SH |  | SOLE |  | 385850 | 0 | 0 |
| Ventas Inc. | COM | 92276F100 |  | 27648116 | 357303 | SH |  | SOLE |  | 357303 | 0 | 0 |
| Welltower Inc. | COM | 95040Q104 |  | 53241844 | 286847 | SH |  | SOLE |  | 286847 | 0 | 0 |
| W. P. Carey Inc. | COM | 92936U109 |  | 4416317 | 68618 | SH |  | SOLE |  | 68618 | 0 | 0 |
| Weyerhaeuser Company | COM | 962166104 |  | 6040144 | 254965 | SH |  | SOLE |  | 254965 | 0 | 0 |
| Alpha and Omega Semiconductor Limited | COM | G6331P104 |  | 3168555 | 159947 | SH |  | SOLE |  | 159947 | 0 | 0 |
| Astec Industries Inc. | COM | 046224101 |  | 3501969 | 80839 | SH |  | SOLE |  | 80839 | 0 | 0 |
| Aurinia Pharmaceuticals Inc. | COM | 05156V102 |  | 1937831 | 121494 | SH |  | SOLE |  | 121494 | 0 | 0 |
| Axogen Inc. | COM | 05463X106 |  | 5844821 | 178576 | SH |  | SOLE |  | 178576 | 0 | 0 |
| AZZ Inc. | COM | 002474104 |  | 5753076 | 53676 | SH |  | SOLE |  | 53676 | 0 | 0 |
| Build-A-Bear Workshop Inc. | COM | 120076104 |  | 7006177 | 114349 | SH |  | SOLE |  | 114349 | 0 | 0 |
| BK Technologies Corp. | COM | 05587G104 |  | 4126282 | 55319 | SH |  | SOLE |  | 55319 | 0 | 0 |
| BioLife Solutions Inc. | COM | 09062W204 |  | 4705841 | 194617 | SH |  | SOLE |  | 194617 | 0 | 0 |
| Banco Latinoamericano de Comercio Exterior S.A. Class E | COM | P16994132 |  | 5712798 | 128089 | SH |  | SOLE |  | 128089 | 0 | 0 |
| CareDx Inc. | COM | 14167L103 |  | 532567 | 28267 | SH |  | SOLE |  | 28267 | 0 | 0 |
| CompoSecure Inc. Class A | COM | 20459V105 |  | 2944787 | 152737 | SH |  | SOLE |  | 152737 | 0 | 0 |
| Collegium Pharmaceutical Inc. | COM | 19459J104 |  | 5173517 | 111739 | SH |  | SOLE |  | 111739 | 0 | 0 |
| CSG Systems International Inc. | COM | 126349109 |  | 2282434 | 29761 | SH |  | SOLE |  | 29761 | 0 | 0 |
| Daktronics Inc. | COM | 234264109 |  | 3974120 | 201017 | SH |  | SOLE |  | 201017 | 0 | 0 |
| Dynavax Technologies Corporation | COM | 268158201 |  | 2790387 | 181429 | SH |  | SOLE |  | 181429 | 0 | 0 |
| Esquire Financial Holdings Inc. | COM | 29667J101 |  | 2676265 | 26219 | SH |  | SOLE |  | 26219 | 0 | 0 |
| National Vision Holdings Inc. | COM | 63845R107 |  | 1978109 | 76611 | SH |  | SOLE |  | 76611 | 0 | 0 |
| EZCORP Inc. Class A | COM | 302301106 |  | 4831152 | 248771 | SH |  | SOLE |  | 248771 | 0 | 0 |
| Farmland Partners Inc | COM | 31154R109 |  | 2998491 | 309441 | SH |  | SOLE |  | 309441 | 0 | 0 |
| GCM Grosvenor Inc. Class A | COM | 36831E108 |  | 2349564 | 207558 | SH |  | SOLE |  | 207558 | 0 | 0 |
| Genius Sports Limited | COM | G3934V109 |  | 2054190 | 186405 | SH |  | SOLE |  | 186405 | 0 | 0 |
| Graham Corporation | COM | 384556106 |  | 3217784 | 50097 | SH |  | SOLE |  | 50097 | 0 | 0 |
| Global Medical REIT Inc. | COM | 37954A303 |  | 1420927 | 42114 | SH |  | SOLE |  | 42114 | 0 | 0 |
| Gorman-Rupp Company | COM | 383082104 |  | 5484554 | 114859 | SH |  | SOLE |  | 114859 | 0 | 0 |
| Hawkins Inc. | COM | 420261109 |  | 4638711 | 32653 | SH |  | SOLE |  | 32653 | 0 | 0 |
| InterDigital Inc. | COM | 45867G101 |  | 2828428 | 8883 | SH |  | SOLE |  | 8883 | 0 | 0 |
| Innodata Inc. | COM | 457642205 |  | 4041250 | 79317 | SH |  | SOLE |  | 79317 | 0 | 0 |
| Innoviva Inc. | COM | 45781M101 |  | 4388091 | 219514 | SH |  | SOLE |  | 219514 | 0 | 0 |
| IRadimed Corp. | COM | 46266A109 |  | 6352774 | 65304 | SH |  | SOLE |  | 65304 | 0 | 0 |
| Ligand Pharmaceuticals Incorporated | COM | 53220K504 |  | 7937052 | 41979 | SH |  | SOLE |  | 41979 | 0 | 0 |
| Lincoln Educational Services Corporation | COM | 533535100 |  | 7455951 | 308735 | SH |  | SOLE |  | 308735 | 0 | 0 |
| Mama's Creations Inc. | COM | 56146T103 |  | 6822687 | 505758 | SH |  | SOLE |  | 505758 | 0 | 0 |
| Medallion Financial Corp. | COM | 583928106 |  | 3663082 | 355984 | SH |  | SOLE |  | 355984 | 0 | 0 |
| MNTN Inc Class A | COM | 55318A108 |  | 1177019 | 98577 | SH |  | SOLE |  | 98577 | 0 | 0 |
| NPK International Inc. | COM | 651718504 |  | 6688426 | 561109 | SH |  | SOLE |  | 561109 | 0 | 0 |
| NAPCO Security Technologies Inc. | COM | 630402105 |  | 5021354 | 120416 | SH |  | SOLE |  | 120416 | 0 | 0 |
| NWPX Infrastructure Inc. | COM | 667746101 |  | 4206839 | 67320 | SH |  | SOLE |  | 67320 | 0 | 0 |
| Omnicell Inc. | COM | 68213N109 |  | 1329182 | 29341 | SH |  | SOLE |  | 29341 | 0 | 0 |
| OUTFRONT Media Inc. | COM | 69007J304 |  | 2624799 | 108912 | SH |  | SOLE |  | 108912 | 0 | 0 |
| Patria Investments Ltd. Class A | COM | G69451105 |  | 2976114 | 187294 | SH |  | SOLE |  | 187294 | 0 | 0 |
| Park Aerospace Corp. | COM | 70014A104 |  | 4141946 | 194093 | SH |  | SOLE |  | 194093 | 0 | 0 |
| Plymouth Industrial REIT Inc. | COM | 729640102 |  | 2226492 | 101759 | SH |  | SOLE |  | 101759 | 0 | 0 |
| Postal Realty Trust Inc. Class A | COM | 73757R102 |  | 2036289 | 126164 | SH |  | SOLE |  | 126164 | 0 | 0 |
| Red Violet Inc. | COM | 75704L104 |  | 5415186 | 95086 | SH |  | SOLE |  | 95086 | 0 | 0 |
| Solaris Energy Infrastructure Inc. Class A | COM | 83418M103 |  | 6636960 | 144375 | SH |  | SOLE |  | 144375 | 0 | 0 |
| SIGA Technologies Inc | COM | 826917106 |  | 2418932 | 395897 | SH |  | SOLE |  | 395897 | 0 | 0 |
| Sprott Inc. | COM | 852066208 |  | 8744855 | 89306 | SH |  | SOLE |  | 89306 | 0 | 0 |
| Spok Holdings Inc. | COM | 84863T106 |  | 2123558 | 160997 | SH |  | SOLE |  | 160997 | 0 | 0 |
| Strata Critical Medical Inc. Class A | COM | 092667104 |  | 6079777 | 1263987 | SH |  | SOLE |  | 1263987 | 0 | 0 |
| Strawberry Fields REIT Inc | COM | 863182101 |  | 1727489 | 131869 | SH |  | SOLE |  | 131869 | 0 | 0 |
| WisdomTree Floating Rate Treasury Fund | COM | 97717Y527 |  | 8874640 | 176364 | SH |  | SOLE |  | 176364 | 0 | 0 |
| Universal Technical Institute Inc. | COM | 913915104 |  | 5128763 | 196278 | SH |  | SOLE |  | 196278 | 0 | 0 |
| TeraWulf Inc. | COM | 88080T104 |  | 6854015 | 596520 | SH |  | SOLE |  | 596520 | 0 | 0 |
| AbbVie Inc. | COM | 00287Y109 |  | 3965706 | 17356 | SH |  | SOLE |  | 17356 | 0 | 0 |
| Adamas Trust Inc. Cum Conv Red Pfd Registered Shs Series E | PFD | 649604873 |  | 1367850 | 55423 | SH |  | SOLE |  | 55423 | 0 | 0 |
| American Healthcare REIT Inc. | COM | 398182303 |  | 2133069 | 45326 | SH |  | SOLE |  | 45326 | 0 | 0 |
| Air Lease Corporation Class A | COM | 00912X302 |  | 1684188 | 26221 | SH |  | SOLE |  | 26221 | 0 | 0 |
| Albemarle Corporation Depository Shs Repr Conv Pfd Registered Shs | PFD | 012653200 |  | 3338332 | 56210 | SH |  | SOLE |  | 56210 | 0 | 0 |
| Amgen Inc. | COM | 031162100 |  | 3302987 | 10091 | SH |  | SOLE |  | 10091 | 0 | 0 |
| Apollo Global Management Inc Mandatory Conv Pfd Registered Shs Series A | PFD | 03769M304 |  | 1710696 | 22652 | SH |  | SOLE |  | 22652 | 0 | 0 |
| Ares Capital Corporation | COM | 04010L103 |  | 3016693 | 149119 | SH |  | SOLE |  | 149119 | 0 | 0 |
| Ares Management Corporation Pfd Registered shs Series B | PFD | 03990B309 |  | 1526902 | 30295 | SH |  | SOLE |  | 30295 | 0 | 0 |
| Archrock Inc. | COM | 03957W106 |  | 455950 | 17523 | SH |  | SOLE |  | 17523 | 0 | 0 |
| Barrick Mining Corporation | COM | 06849F108 |  | 2976046 | 68336 | SH |  | SOLE |  | 68336 | 0 | 0 |
| Bank of America Corp Non Cum Perp Conv Pfd Registered Shs Series L | PFD | 060505682 |  | 2544838 | 2032 | SH |  | SOLE |  | 2032 | 0 | 0 |
| Brookfield Asset Management Ltd. Class A | COM | 112585104 |  | 881857 | 16832 | SH |  | SOLE |  | 16832 | 0 | 0 |
| Boeing Company Pfd Registered shs Series A | PFD | 097023204 |  | 4776873 | 69169 | SH |  | SOLE |  | 69169 | 0 | 0 |
| Copa Holdings S.A. Class A | COM | P31076105 |  | 1816731 | 15062 | SH |  | SOLE |  | 15062 | 0 | 0 |
| CSG Systems International Inc. | COM | 126349109 |  | 1533971 | 20002 | SH |  | SOLE |  | 20002 | 0 | 0 |
| Clearway Energy Inc. Class C | COM | 18539C204 |  | 3020228 | 90806 | SH |  | SOLE |  | 90806 | 0 | 0 |
| DHT Holdings Inc. | COM | Y2065G121 |  | 2968977 | 243159 | SH |  | SOLE |  | 243159 | 0 | 0 |
| Devon Energy Corporation | COM | 25179M103 |  | 1374919 | 37535 | SH |  | SOLE |  | 37535 | 0 | 0 |
| Ellington Financial Inc. | COM | 28852N109 |  | 2534234 | 186615 | SH |  | SOLE |  | 186615 | 0 | 0 |
| EPR Properties Conv Pfd Shs Series C | PFD | 26884U208 |  | 2567812 | 115771 | SH |  | SOLE |  | 115771 | 0 | 0 |
| Equinix Inc. | COM | 29444U700 |  | 4002818 | 5224 | SH |  | SOLE |  | 5224 | 0 | 0 |
| Diamondback Energy Inc. | COM | 25278X109 |  | 3700618 | 24616 | SH |  | SOLE |  | 24616 | 0 | 0 |
| Farmland Partners Inc | COM | 31154R109 |  | 1210565 | 124929 | SH |  | SOLE |  | 124929 | 0 | 0 |
| Gaming and Leisure Properties Inc. | COM | 36467J108 |  | 1693024 | 37883 | SH |  | SOLE |  | 37883 | 0 | 0 |
| Global Medical REIT Inc. | COM | 37954A303 |  | 1258281 | 37293 | SH |  | SOLE |  | 37293 | 0 | 0 |
| Chart Industries Inc. | COM | 16115Q308 |  | 1643541 | 7969 | SH |  | SOLE |  | 7969 | 0 | 0 |
| Getty Realty Corp. | COM | 374297109 |  | 1671817 | 61082 | SH |  | SOLE |  | 61082 | 0 | 0 |
| Huntington Ingalls Industries Inc. | COM | 446413106 |  | 3672342 | 10798 | SH |  | SOLE |  | 10798 | 0 | 0 |
| InterDigital Inc. | COM | 45867G101 |  | 5243427 | 16469 | SH |  | SOLE |  | 16469 | 0 | 0 |
| Kodiak Gas Services Inc. | COM | 50012A108 |  | 457717 | 12238 | SH |  | SOLE |  | 12238 | 0 | 0 |
| Kinetik Holdings Inc. Class A | COM | 02215L209 |  | 1915697 | 53140 | SH |  | SOLE |  | 53140 | 0 | 0 |
| Kite Realty Group Trust | COM | 49803T300 |  | 4183077 | 174513 | SH |  | SOLE |  | 174513 | 0 | 0 |
| Kontoor Brands Inc. | COM | 50050N103 |  | 1632937 | 26730 | SH |  | SOLE |  | 26730 | 0 | 0 |
| LVMH Moet Hennessy Louis Vuitton SE Unsponsored ADR | COM | 502441306 |  | 2779882 | 18433 | SH |  | SOLE |  | 18433 | 0 | 0 |
| Matson Inc. | COM | 57686G105 |  | 853581 | 6908 | SH |  | SOLE |  | 6908 | 0 | 0 |
| Microchip Technology Incorporated Pfd Shs Conv Pfd Shs Series A | PFD | 595017302 |  | 1155780 | 19831 | SH |  | SOLE |  | 19831 | 0 | 0 |
| Medtronic Plc | COM | G5960L103 |  | 1327203 | 13816 | SH |  | SOLE |  | 13816 | 0 | 0 |
| Millrose Properties Inc Class A | COM | 601137102 |  | 2447639 | 81943 | SH |  | SOLE |  | 81943 | 0 | 0 |
| Marex Group plc | COM | 00BMT7GT6 |  | 869486 | 22666 | SH |  | SOLE |  | 22666 | 0 | 0 |
| Omega Healthcare Investors Inc. | COM | 681936100 |  | 4184845 | 94380 | SH |  | SOLE |  | 94380 | 0 | 0 |
| ONEOK Inc. | COM | 682680103 |  | 3151004 | 42870 | SH |  | SOLE |  | 42870 | 0 | 0 |
| Grupo Aeroportuario del Centro Norte SAB de CV Sponsored ADR Class B | COM | 400501102 |  | 2965443 | 27263 | SH |  | SOLE |  | 27263 | 0 | 0 |
| OUTFRONT Media Inc. | COM | 69007J304 |  | 3244668 | 134633 | SH |  | SOLE |  | 134633 | 0 | 0 |
| Grupo Aeroportuario del Pacifico SAB de CV Sponsored ADR Class B | COM | 400506101 |  | 2240871 | 8500 | SH |  | SOLE |  | 8500 | 0 | 0 |
| Pitney Bowes Inc. Pfd Shares | PFD | 724479506 |  | 887158 | 43509 | SH |  | SOLE |  | 43509 | 0 | 0 |
| PG Corporation Pfd Shs A Non Voting | PFD | 69331C306 |  | 2580183 | 62931 | SH |  | SOLE |  | 62931 | 0 | 0 |
| Pebblebrook Hotel Trust  Pfd Series F | PFD | 70509V704 |  | 869486 | 45642 | SH |  | SOLE |  | 45642 | 0 | 0 |
| PepsiCo Inc. | COM | 713448108 |  | 839443 | 5848 | SH |  | SOLE |  | 5848 | 0 | 0 |
| Prologis Inc. | COM | 74340W103 |  | 3617558 | 28337 | SH |  | SOLE |  | 28337 | 0 | 0 |
| Public Storage Depositary Shs Pfd Series H | PFD | 74460W644 |  | 2141905 | 93696 | SH |  | SOLE |  | 93696 | 0 | 0 |
| QUALCOMM Incorporated | COM | 747525103 |  | 1302462 | 7614 | SH |  | SOLE |  | 7614 | 0 | 0 |
| NEOS Nasdaq High Income ETF | COM | 78433H675 |  | 1763714 | 32746 | SH |  | SOLE |  | 32746 | 0 | 0 |
| RLJ Lodging Trust USD Pfd Series A | PFD | 74965L200 |  | 816468 | 32789 | SH |  | SOLE |  | 32789 | 0 | 0 |
| Royalty Pharma Plc Class A | COM | G7709Q104 |  | 3545101 | 91746 | SH |  | SOLE |  | 91746 | 0 | 0 |
| Redwood Trust Inc. Cum Red Pfd Registered Shs A Series A | PFD | 758075808 |  | 1390824 | 56818 | SH |  | SOLE |  | 56818 | 0 | 0 |
| Sabine Royalty Trust | COM | 785688102 |  | 1991689 | 29046 | SH |  | SOLE |  | 29046 | 0 | 0 |
| Southern Copper Corporation | COM | 84265V105 |  | 2921262 | 20361 | SH |  | SOLE |  | 20361 | 0 | 0 |
| Simon Property Group Inc. | COM | 828806109 |  | 6457527 | 34884 | SH |  | SOLE |  | 34884 | 0 | 0 |
| Transportadora de Gas del Sur SA Sponsored ADR Class B RegS | COM | 893870204 |  | 871253 | 28023 | SH |  | SOLE |  | 28023 | 0 | 0 |
| Timken Company | COM | 887389104 |  | 1399661 | 16636 | SH |  | SOLE |  | 16636 | 0 | 0 |
| AT Inc Depositary Shs Pfd Series C | PFD | 00206R706 |  | 3179280 | 167154 | SH |  | SOLE |  | 167154 | 0 | 0 |
| Terreno Realty Corporation | COM | 88146M101 |  | 1984620 | 33803 | SH |  | SOLE |  | 33803 | 0 | 0 |
| Triton International Ltd. Pfd Series B | PFD | G9078F131 |  | 1813197 | 71923 | SH |  | SOLE |  | 71923 | 0 | 0 |
| United Parcel Service Inc. Class B | COM | 911312106 |  | 878322 | 8854 | SH |  | SOLE |  | 8854 | 0 | 0 |
| WisdomTree Floating Rate Treasury Fund | COM | 97717Y527 |  | 3447902 | 68519 | SH |  | SOLE |  | 68519 | 0 | 0 |
| VICI Properties Inc | COM | 925652109 |  | 2035870 | 72399 | SH |  | SOLE |  | 72399 | 0 | 0 |
| Valero Energy Corporation | COM | 91913Y100 |  | 3200487 | 19660 | SH |  | SOLE |  | 19660 | 0 | 0 |
| Waste Management Inc. | COM | 94106L109 |  | 1244143 | 5662 | SH |  | SOLE |  | 5662 | 0 | 0 |
| Williams Companies Inc. | COM | 969457100 |  | 4980107 | 82849 | SH |  | SOLE |  | 82849 | 0 | 0 |
| Xenia Hotels  Resorts Inc. | COM | 984017103 |  | 1129271 | 79863 | SH |  | SOLE |  | 79863 | 0 | 0 |
| Global X S Covered Call ETF | COM | 37954Y475 |  | 2232035 | 54935 | SH |  | SOLE |  | 54935 | 0 | 0 |
| Alcoa Corporation | COM | 013872106 |  | 5866 | 110 | SH |  | SOLE |  | 110 | 0 | 0 |
| Amazon.com Inc. | COM | 023135106 |  | 89424 | 387 | SH |  | SOLE |  | 387 | 0 | 0 |
| Andersons Inc. | COM | 034164103 |  | 25135 | 472 | SH |  | SOLE |  | 472 | 0 | 0 |
| Aurinia Pharmaceuticals Inc. | COM | 05156V102 |  | 65751 | 4122 | SH |  | SOLE |  | 4122 | 0 | 0 |
| BK Technologies Corp. | COM | 05587G104 |  | 93356 | 1251 | SH |  | SOLE |  | 1251 | 0 | 0 |
| Cboe Global Markets Inc | COM | 12503M108 |  | 37630 | 149 | SH |  | SOLE |  | 149 | 0 | 0 |
| CME Group Inc. Class A | COM | 12572Q105 |  | 39813 | 145 | SH |  | SOLE |  | 145 | 0 | 0 |
| Global X MSCI Colombia ETF | COM | 37954Y327 |  | 18342 | 514 | SH |  | SOLE |  | 514 | 0 | 0 |
| Sprott Copper Miners ETF | COM | 85208P881 |  | 10869 | 312 | SH |  | SOLE |  | 312 | 0 | 0 |
| CrowdStrike Holdings Inc. Class A | COM | 22788C105 |  | 9284 | 19 | SH |  | SOLE |  | 19 | 0 | 0 |
| Elanco Animal Health Inc. | COM | 28414H103 |  | 41439 | 1831 | SH |  | SOLE |  | 1831 | 0 | 0 |
| Esquire Financial Holdings Inc. | COM | 29667J101 |  | 18712 | 183 | SH |  | SOLE |  | 183 | 0 | 0 |
| FedEx Corporation | COM | 31428X106 |  | 36107 | 125 | SH |  | SOLE |  | 125 | 0 | 0 |
| Global Medical REIT Inc. | COM | 37954A303 |  | 60357 | 1788 | SH |  | SOLE |  | 1788 | 0 | 0 |
| Alphabet Inc. Class C | COM | 38259P508 |  | 64701 | 206 | SH |  | SOLE |  | 206 | 0 | 0 |
| Halliburton Company | COM | 406216101 |  | 38783 | 1372 | SH |  | SOLE |  | 1372 | 0 | 0 |
| International Business Machines Corporation | COM | 459200101 |  | 14801 | 49 | SH |  | SOLE |  | 49 | 0 | 0 |
| IRadimed Corp. | COM | 46266A109 |  | 38104 | 391 | SH |  | SOLE |  | 391 | 0 | 0 |
| Kaiser Aluminum Corporation | COM | 483007704 |  | 5496 | 47 | SH |  | SOLE |  | 47 | 0 | 0 |
| Ligand Pharmaceuticals Incorporated | COM | 53220K504 |  | 72853 | 385 | SH |  | SOLE |  | 385 | 0 | 0 |
| Lincoln Educational Services Corporation | COM | 533535100 |  | 116701 | 4832 | SH |  | SOLE |  | 4832 | 0 | 0 |
| lululemon athletica inc. | COM | 550021109 |  | 25547 | 122 | SH |  | SOLE |  | 122 | 0 | 0 |
| Mama's Creations Inc. | COM | 56146T103 |  | 101158 | 7498 | SH |  | SOLE |  | 7498 | 0 | 0 |
| Nasdaq Inc. | COM | 631103108 |  | 34995 | 360 | SH |  | SOLE |  | 360 | 0 | 0 |
| Northern Trust Corporation | COM | 665859104 |  | 12228 | 89 | SH |  | SOLE |  | 89 | 0 | 0 |
| ONEOK Inc. | COM | 682680103 |  | 10560 | 143 | SH |  | SOLE |  | 143 | 0 | 0 |
| Onto Innovation Inc. | COM | 683344105 |  | 16098 | 101 | SH |  | SOLE |  | 101 | 0 | 0 |
| Park Aerospace Corp. | COM | 70014A104 |  | 122897 | 5759 | SH |  | SOLE |  | 5759 | 0 | 0 |
| Prologis Inc. | COM | 74340W103 |  | 61963 | 485 | SH |  | SOLE |  | 485 | 0 | 0 |
| Palantir Technologies Inc. Class A | COM | 69608A108 |  | 26658 | 149 | SH |  | SOLE |  | 149 | 0 | 0 |
| QUALCOMM Incorporated | COM | 747525103 |  | 53090 | 310 | SH |  | SOLE |  | 310 | 0 | 0 |
| Reddit Inc. Class A | COM | 75734B100 |  | 27255 | 118 | SH |  | SOLE |  | 118 | 0 | 0 |
| Red Violet Inc. | COM | 75704L104 |  | 97041 | 1703 | SH |  | SOLE |  | 1703 | 0 | 0 |
| RTX Corporation | COM | 75513E101 |  | 18342 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| Southern Copper Corporation | COM | 84265V105 |  | 18218 | 126 | SH |  | SOLE |  | 126 | 0 | 0 |
| Sprott Critical Materials ETF | COM | 85208P402 |  | 34069 | 1176 | SH |  | SOLE |  | 1176 | 0 | 0 |
| Sprott Inc. | COM | 852066208 |  | 87510 | 893 | SH |  | SOLE |  | 893 | 0 | 0 |
| Sprott Silver Miners  Physical Silver ETF | COM | 85208P873 |  | 33822 | 606 | SH |  | SOLE |  | 606 | 0 | 0 |
| Solstice Advanced Materials Inc. | COM | 83443Q103 |  | 10416 | 214 | SH |  | SOLE |  | 214 | 0 | 0 |
| Sprott Physical Platinum and Palladium Trust Trust Units | COM | 85207Q104 |  | 26391 | 1567 | SH |  | SOLE |  | 1567 | 0 | 0 |
| Texas Capital Bancshares Inc. | COM | 88224Q107 |  | 16406 | 181 | SH |  | SOLE |  | 181 | 0 | 0 |
| Take-Two Interactive Software Inc. | COM | 874054109 |  | 10931 | 42 | SH |  | SOLE |  | 42 | 0 | 0 |
| Unity Software Inc. | COM | 91332U101 |  | 17024 | 385 | SH |  | SOLE |  | 385 | 0 | 0 |
| United Parcel Service Inc. Class B | COM | 911312106 |  | 22109 | 222 | SH |  | SOLE |  | 222 | 0 | 0 |
| WisdomTree Floating Rate Treasury Fund | COM | 97717Y527 |  | 46215 | 918 | SH |  | SOLE |  | 918 | 0 | 0 |
| Universal Technical Institute Inc. | COM | 913915104 |  | 53152 | 2034 | SH |  | SOLE |  | 2034 | 0 | 0 |
| Verizon Communications Inc. | COM | 92343V104 |  | 5269 | 129 | SH |  | SOLE |  | 129 | 0 | 0 |
| TeraWulf Inc. | COM | 88080T104 |  | 125223 | 10898 | SH |  | SOLE |  | 10898 | 0 | 0 |
| State Street Financial Select Sector SPDR ETF | COM | 81369Y605 |  | 15398 | 281 | SH |  | SOLE |  | 281 | 0 | 0 |
| Exxon Mobil Corporation | COM | 30231G102 |  | 10025 | 83 | SH |  | SOLE |  | 83 | 0 | 0 |
| U.S. Dollar | COM | 913915104 |  | 15027 | 15027 | SH |  | SOLE |  | 15027 | 0 | 0 |
| Venu Holding Corporation | COM | 92333E104 |  | 10251 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| Valero Energy Corporation | COM | 91913Y100 |  | 5784 | 33 | SH |  | SOLE |  | 33 | 0 | 0 |
| TeraWulf Inc. | COM | 88080T104 |  | 151388 | 13256 | SH |  | SOLE |  | 13256 | 0 | 0 |

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