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Sophron Capital Management L.P.

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13F filer, CIK 2027142, SUMMIT, NJ

Sophron Capital Management L.P. reported $324,632,907 across 39 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 50.67% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001214659-25-016638

Period
2025-09-30
Reported value
$325M
Holdings
39
Top 10 weight
50.67%
New
7
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
TPHnew+373,186$12.7M
FCPTadded+381,669$9.31M
UDRadded+225,920$8.42M
SBACnew+36,573$7.07M
CHHadded+63,660$6.81M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GLPIreduced-239,319-$11.2M
REXRexited-224,176-$7.97M
FRTreduced-72,649-$7.36M
PLDreduced-61,911-$7.09M
VMRKreduced-96,731-$6.26M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001214659-25-016638, largest first. % of portfolio is the value over $324,632,907, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ADCAGREE RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 190,100 shares; 2025Q1: 177,887 shares; 2025Q2: 352,401 shares; 2025Q3: 318,916 shares 318,916$22.7M6.98%-33,485Timeline
MTHMERITAGE HOMES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 30,696 shares; 2025Q1: not reported; 2025Q2: 262,994 shares; 2025Q3: 277,782 shares 277,782$20.1M6.2%+14,788Timeline
PECOPHILLIPS EDISON & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 122,317 shares; 2025Q1: 305,973 shares; 2025Q2: 391,032 shares; 2025Q3: 573,661 shares 573,661$19.7M6.07%+182,629Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 53,433 shares; 2025Q1: 112,631 shares; 2025Q2: 92,103 shares; 2025Q3: 92,957 shares 92,957$18M5.53%+854Timeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 51,764 shares; 2025Q1: 64,044 shares; 2025Q2: 60,302 shares; 2025Q3: 61,503 shares 61,503$16.5M5.07%+1,201Timeline
FCPTFOUR CORNERS PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 180,572 shares; 2025Q1: 207,922 shares; 2025Q2: 276,777 shares; 2025Q3: 658,446 shares 658,446$16.1M4.95%+381,669Timeline
ELSEQUITY LIFESTYLE PROPERTIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 45,191 shares; 2025Q1: 122,530 shares; 2025Q2: 255,437 shares; 2025Q3: 216,932 shares 216,932$13.2M4.06%-38,505Timeline
DRHDIAMONDROCK HOSPITALITY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 1,086,507 shares; 2025Q1: 1,780,997 shares; 2025Q2: 1,564,318 shares; 2025Q3: 1,654,026 shares 1,654,026$13.2M4.06%+89,708Timeline
TPHTRI POINTE HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 219,427 shares; 2025Q2: not reported; 2025Q3: 373,186 shares 373,186$12.7M3.91%newTimeline
WHWYNDHAM HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 60,837 shares; 2025Q2: 181,063 shares; 2025Q3: 156,745 shares 156,745$12.5M3.86%-24,318Timeline
CHHCHOICE HOTELS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 54,484 shares; 2025Q1: 29,597 shares; 2025Q2: 51,548 shares; 2025Q3: 115,208 shares 115,208$12.3M3.79%+63,660Timeline
GLPIGAMING & LEISURE PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 21,397 shares; 2025Q1: 35,838 shares; 2025Q2: 483,796 shares; 2025Q3: 244,477 shares 244,477$11.4M3.51%-239,319Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 61,432 shares; 2025Q3: 287,352 shares 287,352$10.7M3.3%+225,920Timeline
PSAPUBLIC STORAGEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 28,850 shares; 2025Q1: 26,726 shares; 2025Q2: 31,994 shares; 2025Q3: 36,269 shares 36,269$10.5M3.23%+4,275Timeline
LENLENNAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 39,130 shares; 2025Q1: not reported; 2025Q2: 76,542 shares; 2025Q3: 75,833 shares 75,833$9.56M2.94%-709Timeline
AMHAMERICAN HOMES 4 RENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 65,342 shares; 2025Q1: 205,653 shares; 2025Q2: 256,099 shares; 2025Q3: 268,933 shares 268,933$8.94M2.75%+12,834Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 218,269 shares; 2025Q1: 293,327 shares; 2025Q2: 213,708 shares; 2025Q3: 116,977 shares 116,977$7.57M2.33%-96,731Timeline
FRFIRST INDL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 46,824 shares; 2025Q1: 21,088 shares; 2025Q2: 175,816 shares; 2025Q3: 142,532 shares 142,532$7.34M2.26%-33,284Timeline
SBACSBA COMMUNICATIONS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 26,062 shares; 2025Q1: 29,263 shares; 2025Q2: not reported; 2025Q3: 36,573 shares 36,573$7.07M2.18%newTimeline
CUBECUBESMARTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 145,254 shares; 2025Q1: 175,412 shares; 2025Q2: 145,382 shares; 2025Q3: 172,146 shares 172,146$7M2.16%+26,764Timeline
BNLBROADSTONE NET LEASE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 360,672 shares; 2025Q1: 399,642 shares; 2025Q2: 672,619 shares; 2025Q3: 379,369 shares 379,369$6.78M2.09%-293,250Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 68,621 shares; 2025Q1: 7,947 shares; 2025Q2: 15,993 shares; 2025Q3: 34,950 shares 34,950$6.72M2.07%+18,957Timeline
RHPRYMAN HOSPITALITY PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 77,281 shares; 2025Q1: 31,887 shares; 2025Q2: not reported; 2025Q3: 73,596 shares 73,596$6.59M2.03%newTimeline
NNNNNN REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 117,826 shares; 2025Q1: 201,021 shares; 2025Q2: 119,377 shares; 2025Q3: 143,336 shares 143,336$6.1M1.88%+23,959Timeline
IRTINDEPENDENCE RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 454,296 shares; 2025Q3: 347,461 shares 347,461$5.69M1.75%-106,835Timeline
FRTFEDERAL RLTY INVT TR NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 62,806 shares; 2025Q1: 120,127 shares; 2025Q2: 124,605 shares; 2025Q3: 51,956 shares 51,956$5.26M1.62%-72,649Timeline
VICIVICI PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 465,982 shares; 2025Q1: 350,575 shares; 2025Q2: not reported; 2025Q3: 139,339 shares 139,339$4.54M1.4%newTimeline
DOCHEALTHPEAK PROPERTIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 229,940 shares; 2025Q1: 287,472 shares; 2025Q2: 244,006 shares; 2025Q3: 218,281 shares 218,281$4.18M1.29%-25,725Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 8,599 shares; 2025Q3: 5,048 shares 5,048$3.95M1.22%-3,551Timeline
INVHINVITATION HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 99,375 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 118,590 shares 118,590$3.48M1.07%newTimeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 56,971 shares; 2025Q1: 23,745 shares; 2025Q2: 65,972 shares; 2025Q3: 22,212 shares 22,212$2.14M0.66%-43,760Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 5,454 shares; 2025Q1: 81,657 shares; 2025Q2: 7,275 shares; 2025Q3: 12,315 shares 12,315$2.13M0.66%+5,040Timeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 7,721 shares; 2025Q1: 11,108 shares; 2025Q2: 26,747 shares; 2025Q3: 14,935 shares 14,935$2.1M0.65%-11,812Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: 44,234 shares; 2025Q2: 80,031 shares; 2025Q3: 18,120 shares 18,120$2.08M0.64%-61,911Timeline
SUISUN CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: 23,513 shares; 2025Q1: 14,580 shares; 2025Q2: 16,577 shares; 2025Q3: 15,586 shares 15,586$2.01M0.62%-991Timeline
EGPEASTGROUP PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,284 shares 10,284$1.74M0.54%newTimeline
NHINATIONAL HEALTH INVS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 14,396 shares; 2025Q3: 18,685 shares 18,685$1.49M0.46%+4,289Timeline
SILASILA REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 62,189 shares; 2025Q3: 23,517 shares 23,517$590K0.18%-38,672Timeline
ELMEELME COMMUNITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: restricted; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,696 shares 10,696$180K0.06%newTimeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
REXRREXFORD INDL RLTY INC224,176$7.97Mshares
LXPLXP INDUSTRIAL TRUST719,003$5.94Mshares
HRHEALTHCARE RLTY TR241,090$3.82Mshares
MARMARRIOTT INTL INC NEW4,278$1.17Mshares
KIMKIMCO REALTY CORP54,795$1.15Mshares
KREFKKR REAL ESTATE FIN TR INC57,138$501Kshares
RLJRLJ LODGING TR19,303$141Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001214659-25-016638 base2025-11-14acceptance time not in the bulk data set