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Vert Asset Management LLC

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13F filer, CIK 1904664, SAUSALITO, CA

Vert Asset Management LLC reported $300,638,767 across 46 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-27. Its ten largest share positions make up 62.52% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001904664-26-000001

Period
2025-12-31
Reported value
$301M
Holdings
46
Top 10 weight
62.52%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMTadded+22,684$3.98M
CPTnew+28,619$3.15M
EQIXadded+2,440$1.87M
DLRadded+9,865$1.53M
VTRadded+18,535$1.43M

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
WELLreduced-21,603-$4.01M
PLDreduced-19,368-$2.47M
SPGreduced-8,058-$1.49M
LXPexited-144,068-$1.29M
RLJexited-67,864-$489K

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, Q4 2025

Share positions as resolved from 13F-HR 0001904664-26-000001, largest first. % of portfolio is the value over $300,638,767, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,319 shares; 2024Q4: 23,709 shares; 2025Q1: 24,459 shares; 2025Q2: 23,621 shares; 2025Q3: 27,244 shares; 2025Q4: 29,684 shares 29,684$22.7M7.56%+2,440Timeline
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,615 shares; 2024Q4: 125,398 shares; 2025Q1: 123,422 shares; 2025Q2: 123,237 shares; 2025Q3: 128,817 shares; 2025Q4: 120,759 shares 120,759$22.4M7.44%-8,058Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 162,871 shares; 2024Q4: 182,621 shares; 2025Q1: 173,075 shares; 2025Q2: 184,251 shares; 2025Q3: 192,913 shares; 2025Q4: 173,545 shares 173,545$22.2M7.37%-19,368Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,860 shares; 2024Q4: 102,371 shares; 2025Q1: 99,864 shares; 2025Q2: 93,250 shares; 2025Q3: 103,122 shares; 2025Q4: 125,806 shares 125,806$22.1M7.35%+22,684Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,278 shares; 2024Q4: 127,560 shares; 2025Q1: 139,469 shares; 2025Q2: 126,304 shares; 2025Q3: 131,283 shares; 2025Q4: 141,148 shares 141,148$21.8M7.26%+9,865Timeline
WELLWELLTOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 180,451 shares; 2024Q4: 180,750 shares; 2025Q1: 139,486 shares; 2025Q2: 133,425 shares; 2025Q3: 137,765 shares; 2025Q4: 116,162 shares 116,162$21.6M7.17%-21,603Timeline
VTRVENTAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 165,614 shares; 2024Q4: 181,249 shares; 2025Q1: 198,184 shares; 2025Q2: 196,887 shares; 2025Q3: 206,992 shares; 2025Q4: 225,527 shares 225,527$17.5M5.8%+18,535Timeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 86,563 shares; 2024Q4: 93,473 shares; 2025Q1: 99,270 shares; 2025Q2: 93,400 shares; 2025Q3: 96,921 shares; 2025Q4: 103,492 shares 103,492$13.5M4.48%+6,571Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 58,111 shares; 2024Q4: 63,461 shares; 2025Q1: 66,660 shares; 2025Q2: 62,841 shares; 2025Q3: 64,766 shares; 2025Q4: 69,583 shares 69,583$12.6M4.2%+4,817Timeline
IRMIRON MTN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,937 shares; 2024Q4: 129,266 shares; 2025Q1: 136,046 shares; 2025Q2: 129,482 shares; 2025Q3: 134,581 shares; 2025Q4: 140,934 shares 140,934$11.7M3.89%+6,353Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 139,773 shares; 2024Q4: 150,245 shares; 2025Q1: 158,633 shares; 2025Q2: 146,194 shares; 2025Q3: 159,648 shares; 2025Q4: 175,412 shares 175,412$11.1M3.68%+15,764Timeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,001 shares; 2024Q4: 28,367 shares; 2025Q1: 29,940 shares; 2025Q2: 28,406 shares; 2025Q3: 29,412 shares; 2025Q4: 30,650 shares 30,650$8.02M2.67%+1,238Timeline
MAAMID-AMER APT CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,875 shares; 2024Q4: 51,374 shares; 2025Q1: 53,988 shares; 2025Q2: 50,831 shares; 2025Q3: 53,063 shares; 2025Q4: 57,222 shares 57,222$7.95M2.64%+4,159Timeline
KIMKIMCO REALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 271,790 shares; 2024Q4: 297,807 shares; 2025Q1: 315,773 shares; 2025Q2: 299,794 shares; 2025Q3: 306,704 shares; 2025Q4: 336,256 shares 336,256$6.82M2.27%+29,552Timeline
HSTHOST HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 282,768 shares; 2024Q4: 309,446 shares; 2025Q1: 329,108 shares; 2025Q2: 310,272 shares; 2025Q3: 310,332 shares; 2025Q4: 340,417 shares 340,417$6.04M2.01%+30,085Timeline
REGREGENCY CTRS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,677 shares; 2024Q4: 74,157 shares; 2025Q1: 79,528 shares; 2025Q2: 76,009 shares; 2025Q3: 78,365 shares; 2025Q4: 84,912 shares 84,912$5.86M1.95%+6,547Timeline
UDRUDR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 129,983 shares; 2024Q4: 137,862 shares; 2025Q1: 146,679 shares; 2025Q2: 137,778 shares; 2025Q3: 142,085 shares; 2025Q4: 152,948 shares 152,948$5.61M1.87%+10,863Timeline
DOCHEALTHPEAK PROPERTIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 273,758 shares; 2024Q4: 304,219 shares; 2025Q1: 325,143 shares; 2025Q2: 297,762 shares; 2025Q3: 318,587 shares; 2025Q4: 344,289 shares 344,289$5.54M1.84%+25,702Timeline
ELSEQUITY LIFESTYLE PROPERTIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,424 shares; 2024Q4: 79,516 shares; 2025Q1: 84,780 shares; 2025Q2: 80,165 shares; 2025Q3: 83,091 shares; 2025Q4: 91,011 shares 91,011$5.52M1.83%+7,920Timeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,261 shares; 2024Q4: 65,910 shares; 2025Q1: 69,968 shares; 2025Q2: 66,627 shares; 2025Q3: 67,975 shares; 2025Q4: 71,644 shares 71,644$4.83M1.61%+3,669Timeline
REXRREXFORD INDL RLTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 89,579 shares; 2024Q4: 97,967 shares; 2025Q1: 105,484 shares; 2025Q2: 103,389 shares; 2025Q3: 106,830 shares; 2025Q4: 118,345 shares 118,345$4.58M1.52%+11,515Timeline
FRTFEDERAL RLTY INVT TR NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,407 shares; 2024Q4: 33,024 shares; 2025Q1: 35,429 shares; 2025Q2: 34,253 shares; 2025Q3: 37,048 shares; 2025Q4: 38,860 shares 38,860$3.92M1.3%+1,812Timeline
BRXBRIXMOR PPTY GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 119,534 shares; 2024Q4: 132,159 shares; 2025Q1: 141,157 shares; 2025Q2: 133,136 shares; 2025Q3: 141,312 shares; 2025Q4: 144,965 shares 144,965$3.8M1.26%+3,653Timeline
AREALEXANDRIA REAL ESTATE EQ INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,010 shares; 2024Q4: 69,445 shares; 2025Q1: 72,361 shares; 2025Q2: 67,747 shares; 2025Q3: 70,266 shares; 2025Q4: 74,130 shares 74,130$3.63M1.21%+3,864Timeline
STAGSTAG INDUSTRIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,568 shares; 2024Q4: 79,516 shares; 2025Q1: 85,121 shares; 2025Q2: 78,294 shares; 2025Q3: 82,927 shares; 2025Q4: 87,975 shares 87,975$3.23M1.08%+5,048Timeline
CPTCAMDEN PPTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 28,619 shares 28,619$3.15M1.05%newTimeline
VNOVORNADO RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,282 shares; 2024Q4: 70,508 shares; 2025Q1: 71,740 shares; 2025Q2: 67,435 shares; 2025Q3: 72,583 shares; 2025Q4: 77,387 shares 77,387$2.58M0.86%+4,804Timeline
MACMACERICH COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 87,258 shares; 2024Q4: 101,486 shares; 2025Q1: 112,971 shares; 2025Q2: 108,157 shares; 2025Q3: 116,417 shares; 2025Q4: 123,984 shares 123,984$2.29M0.76%+7,567Timeline
CUZCOUSINS PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 68,664 shares; 2025Q2: 70,882 shares; 2025Q3: 77,110 shares; 2025Q4: 88,259 shares 88,259$2.28M0.76%+11,149Timeline
PECOPHILLIPS EDISON & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 54,045 shares; 2025Q2: 52,737 shares; 2025Q3: 58,128 shares; 2025Q4: 61,202 shares 61,202$2.18M0.72%+3,074Timeline
KRCKILROY REALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,581 shares; 2024Q4: 46,000 shares; 2025Q1: 47,060 shares; 2025Q2: 47,166 shares; 2025Q3: 52,181 shares; 2025Q4: 53,200 shares 53,200$1.99M0.66%+1,019Timeline
COLDAMERICOLD REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 111,967 shares; 2024Q4: 116,360 shares; 2025Q1: 123,235 shares; 2025Q2: 124,482 shares; 2025Q3: 127,779 shares; 2025Q4: 133,439 shares 133,439$1.72M0.57%+5,660Timeline
SLGSL GREEN RLTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,909 shares; 2024Q4: 29,976 shares; 2025Q1: 30,572 shares; 2025Q2: 28,906 shares; 2025Q3: 31,295 shares; 2025Q4: 36,178 shares 36,178$1.66M0.55%+4,883Timeline
LXPLXP INDUSTRIAL TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 28,336 shares 28,336$1.4M0.47%newTimeline
UEURBAN EDGE PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 54,200 shares; 2025Q2: 50,276 shares; 2025Q3: 51,963 shares; 2025Q4: 53,474 shares 53,474$1.03M0.34%+1,511Timeline
KRGKITE REALTY GROUP TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 41,869 shares 41,869$1M0.33%newTimeline
DRHDIAMONDROCK HOSPITALITY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,841 shares; 2024Q4: 82,570 shares; 2025Q1: 88,930 shares; 2025Q2: 85,474 shares; 2025Q3: 94,629 shares; 2025Q4: 99,710 shares 99,710$893K0.3%+5,081Timeline
ALEXALEXANDER & BALDWIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 24,144 shares; 2025Q1: 33,864 shares; 2025Q2: 32,880 shares; 2025Q3: 32,880 shares; 2025Q4: 34,138 shares 34,138$705K0.23%+1,258Timeline
UMHUMH PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,598 shares; 2024Q4: 31,268 shares; 2025Q1: 37,318 shares; 2025Q2: 34,594 shares; 2025Q3: 35,683 shares; 2025Q4: 37,247 shares 37,247$593K0.2%+1,564Timeline
VREVERIS RESIDENTIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,690 shares; 2024Q4: 36,688 shares; 2025Q1: 36,688 shares; 2025Q2: 36,256 shares; 2025Q3: 37,318 shares; 2025Q4: 39,131 shares 39,131$582K0.19%+1,813Timeline
JBGSJBG SMITH PPTYSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,650 shares; 2024Q4: 31,650 shares; 2025Q1: 31,650 shares; 2025Q2: 31,074 shares; 2025Q3: 31,074 shares; 2025Q4: 32,071 shares 32,071$546K0.18%+997Timeline
CSRCENTERSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,709 shares; 2024Q4: 6,004 shares; 2025Q1: 6,004 shares; 2025Q2: 6,376 shares; 2025Q3: 6,812 shares; 2025Q4: 7,335 shares 7,335$489K0.16%+523Timeline
AATAMERICAN ASSETS TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,869 shares; 2024Q4: 20,869 shares; 2025Q1: 20,869 shares; 2025Q2: 20,869 shares; 2025Q3: 20,869 shares; 2025Q4: 21,276 shares 21,276$403K0.13%+407Timeline
ESRTEMPIRE ST RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,349 shares; 2024Q4: 55,749 shares; 2025Q1: 55,749 shares; 2025Q2: 56,073 shares; 2025Q3: 56,073 shares; 2025Q4: 59,090 shares 59,090$385K0.13%+3,017Timeline
BDNBRANDYWINE RLTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,296 shares; 2024Q4: 66,296 shares; 2025Q1: 66,296 shares; 2025Q2: 66,296 shares; 2025Q3: 66,296 shares; 2025Q4: 72,480 shares 72,480$212K0.07%+6,184Timeline
HPPHUDSON PACIFIC PROPERTIES INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 18,048 shares 18,048$195K0.07%newTimeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
LXPLXP INDUSTRIAL TRUST144,068$1.29Mshares
RLJRLJ LODGING TR67,864$489Kshares
HPPHUDSON PAC PPTYS INC90,954$251Kshares

How Q4 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 0001904664-26-000001 base2026-01-27acceptance time not in the bulk data set