ADAMKAdamas Trust, Inc. 9.600% Senior Notes Due 2031 | — | — | D | — | — | — | — | $24.99 |
| WELLWelltower Inc. | F | B | B | 181.9x | 1.2% | 3.6% | 3.5x | $232.39 |
| PLDPROLOGIS, INC. | D | B | C | 38.9x | 3.1% | 7.9% | 2.4x | $132.35 |
| EQIXEquinix, Inc. Common Stock REIT | D | B | C | 73.7x | 2.1% | 10.8% | 7.1x | $1012.63 |
| AMTAmerican Tower Corporation | C | C | D | 30.9x | 3.3% | 91.6% | 20.5x | $166.80 |
| SPGSimon Property Group, Inc. | D | B | C | 14.3x | 6.3% | 109.7% | 16.4x | $203.86 |
| DLRDigital Realty Trust, Inc. | D | C | C | 50.9x | 3.6% | 3.3% | 2.3x | $176.66 |
| PSAPublic Storage | D | C | C | 29.8x | 4.7% | 22.1% | 6.1x | $284.24 |
| ORealty Income Corporation | D | B | D | 49.4x | 5.7% | 3.2% | 1.5x | $55.12 |
| VMRKVivmark Residential | D | D | C | 42.4x | 4.3% | 8.1% | 2.4x | $61.10 |
| VTRVentas, Inc. | D | C | B | 179.2x | 2.3% | 1.9% | 2.8x | $86.31 |
| IRMIron Mountain Inc. | D | B | C | 228.8x | 4.1% | 85.2% | 1254.3x | $110.86 |
| EXRExtra Space Storage, Inc. | C | C | D | 28.5x | 5.1% | 7.1% | 2.3x | $132.53 |
| CCICrown Castle Inc. | C | D | F | 64.4x | 6.0% | 21.0% | 9.7x | $66.87 |
| AVBAvalonBay Communities, Inc. | D | D | C | 25.1x | 3.9% | 8.7% | 2.2x | $184.06 |
| VICIVICI Properties Inc. Common Stock | B | C | D | 9.2x | 5.8% | 9.8% | 1.0x | $23.13 |
| EQREquity Residential | D | D | C | 46.2x | 4.3% | 8.1% | 2.4x | $63.66 |
| ESSEssex Property Trust, Inc | D | D | C | 26.2x | 4.3% | 7.5% | 3.5x | $272.48 |
| SBACSBA Communications Corp | C | C | D | 16.5x | 1.5% | -1.7% | 82.5x | $161.63 |
| HSTHost Hotels & Resorts, Inc. | B | B | B | 20.3x | 4.1% | 15.5% | 2.5x | $22.33 |
| NLYAnnaly Capital Management. Inc. | C | A | D | 7.6x | 14.8% | 18.4% | 1.0x | $20.19 |
| WPCW.P. Carey Inc. (REIT) | C | C | D | 32.4x | 5.1% | 7.8% | 1.8x | $65.68 |
| KIMKimco Realty Corp. | C | C | C | 25.8x | 5.1% | 5.8% | 1.7x | $22.27 |
| LAMRLamar Advertising Co | C | C | C | 24.9x | 5.1% | 55.7% | 16.1x | $145.24 |
| OHIOmega Healthcare Investors Inc. | D | B | C | 23.9x | 8.4% | 16.5% | 2.6x | $46.45 |
| SUISun Communities, Inc | C | C | D | 9.9x | 3.0% | -12.7% | 2.6x | $111.75 |
| DOCHealthpeak Properties, Inc. | C | C | C | 201.1x | 8.2% | 3.2% | 1.9x | $20.00 |
| WYWeyerhaeuser Company | C | D | D | 45.3x | 3.4% | 5.0% | 1.8x | $19.63 |
| MAAMid-America Apartment Communities, Inc. | C | C | D | 30.6x | 4.6% | 7.2% | 3.0x | $117.93 |
| REGRegency Centers Corporation | D | B | C | 25.5x | 4.4% | 8.1% | 2.1x | $72.51 |
| AMHAMERICAN HOMES 4 RENT | D | C | C | 24.2x | 2.4% | 6.9% | 1.8x | $30.54 |
| UDRUDR, Inc. | C | B | D | 28.7x | 5.0% | 16.3% | 4.4x | $33.72 |
| ELSEquity Lifestyle Properties, Inc. | D | C | D | 29.6x | 2.6% | 22.9% | 7.1x | $58.54 |
| GLPIGaming and Leisure Properties, Inc. | C | C | D | 13.7x | 6.5% | 20.6% | 2.5x | $38.34 |
| AHRAmerican Healthcare REIT, Inc. | D | C | B | 163.6x | 1.8% | 3.7% | 2.7x | $51.76 |
| BXPBXP, Inc. | C | C | C | 35.9x | 7.3% | 5.8% | 2.1x | $61.75 |
| AGNCAGNC Investment Corp. Common Stock | C | A | D | 6.8x | 16.5% | 18.7% | 1.0x | $9.36 |
| EGPEastGroup Properties Inc. | D | B | B | 42.3x | 2.9% | 8.6% | 3.0x | $202.51 |
| CPTCamden Property Trust | D | C | D | 34.3x | 4.5% | 7.8% | 3.0x | $97.81 |
| FRTFederal Realty Investment Trust | C | C | C | 23.4x | 4.7% | 13.3% | 3.2x | $108.63 |
| JANJanus Living, Inc. | C | D | C | 1457.3x | 2.1% | 0.5% | 2.2x | $29.88 |
| CTRECareTrust REIT, Inc | D | B | C | 27.6x | 4.9% | 8.5% | 2.1x | $37.00 |
| LINELineage, Inc. Common Stock | B | D | D | — | 5.1% | -2.1% | 1.2x | $34.88 |
| CUBECubeSmart | C | C | D | 25.2x | 5.1% | 12.4% | 3.5x | $37.41 |
| REXRREXFORD INDUSTRIAL REALTY, INC. | C | C | B | 39.1x | 3.2% | -4.7% | 1.0x | $37.08 |
| BRXBRIXMOR PROPERTY GROUP INC. | C | C | C | 22.2x | 5.1% | 14.4% | 3.2x | $27.59 |
| ADCAgree Realty Corporation | D | B | D | 40.8x | 5.1% | 3.6% | 1.4x | $67.36 |
| RHPRyman Hospitality Properties, Inc | C | B | B | 34.3x | 4.1% | 36.4% | 10.8x | $121.11 |
| FRFirst Industrial Realty Trust, Inc. | D | B | C | 34.0x | 2.9% | 13.4% | 2.9x | $60.94 |
| AREAlexandria Real Estate Equities, Inc. | B | D | D | — | 4.7% | -6.5% | 0.6x | $48.06 |
| NNNNNN REIT, Inc. | C | C | D | 20.4x | 5.7% | 8.7% | 2.0x | $41.09 |