CENTERSQUARE INVESTMENT MANAGEMENT LLC

CONSHOHOCKEN, PA · CIK 1725296 · 13F filing filed 2026-08-07

SEC-registered investment adviser since 2017 · limited liability company

Assets managed$13.7bn
Staff100 · 57 in investment roles
Main clients (by assets)State and local governments 34%, Pension plans 31%, Private funds 14%
Private funds19 · $1.1bn gross assets
Websitecentersquare.com
Form ADV · 2026-03-31SEC adviser record

Legal entityCENTERSQUARE INVESTMENT MANAGEMENT LLC (US)

Kindreal estate, institutions
Others nearbyConshohocken, PA, New York, NY, Newport Beach, CA, London

As an employer

Offices in3 countries
Private fundsreal estate 17, other private 2

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Conshohocken, PA (main office)United States	United States	about 35
New York, NYUnited States	United States	9
Newport Beach, CAUnited States	United States	5
Central SingaporeSingapore	Singapore	4
LondonUnited Kingdom	United Kingdom	4

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$11.7bn reported value +21.1% vs Q1 2026

80positions

53.6%in top 10

4 new 49 added 24 reduced 3 sold out vs Q1 2026

This report includes the holdings of 3 other managers that share the investment decisions:

Bank of New York Mellon Corp – files its own report too
BANK OF NEW YORK MELLON – reports through this filing
BNY Mellon Investment Adviser, Inc. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	WELLTOWER INC COM WELL	WELL	5,640,625	$1.3bn10.93%	10.93%	Added +397.9k	+397,916 7.6%
2	EQUINIX INC COM EQIX	EQIX	914,083	$952.8m8.13%	8.13%	Added +91.2k	+91,200 11.1%
3	PROLOGIS INC. COM PLD	PLD	6,971,950	$944.5m8.06%	8.06%	Added +743.8k	+743,837 11.9%
4	DIGITAL RLTY TR INC COM DLR	DLR	3,611,509	$648.6m5.53%	5.53%	Added +546.6k	+546,600 17.8%
5	VENTAS INC COM VTR	VTR	6,627,776	$588.5m5.02%	5.02%	Added +699.3k	+699,255 11.8%
6	BRIXMOR PPTY GROUP INC COM BRX	BRX	12,348,885	$389.4m3.32%	3.32%	Added +1.3m	+1,277,818 11.5%
7	PUBLIC STORAGE COM PSA	PSA	1,196,628	$380.9m3.25%	3.25%	Reduced -8.4k	-8,353 -0.7%
8	EXTRA SPACE STORAGE INC COM EXR	EXR	2,540,776	$369.2m3.15%	3.15%	Added +41.6k	+41,586 1.7%
9	UDR INC COM UDR	UDR	9,221,587	$368.1m3.14%	3.14%	Added +851.6k	+851,594 10.2%
10	SIMON PPTY GROUP INC NEW COM SPG	SPG	1,606,504	$359.3m3.07%	3.07%	Added +206.3k	+206,309 14.7%
11	CAMDEN PPTY TR SH BEN INT CPT	CPT	2,961,148	$339.0m2.89%	2.89%	Added +313.0k	+312,976 11.8%
12	FIRST INDL RLTY TR INC COM FR	FR	4,855,292	$297.7m2.54%	2.54%	Added +547.7k	+547,725 12.7%
13	IRON MTN INC DEL COM IRM	IRM	2,323,974	$293.5m2.51%	2.51%	Added +13.9k	+13,929 0.6%
14	AGREE RLTY CORP COM ADC	ADC	3,730,917	$282.6m2.41%	2.41%	Added +301.3k	+301,342 8.8%
15	KIMCO RLTY CORP COM KIM	KIM	10,919,568	$276.8m2.36%	2.36%	Added +418.2k	+418,228 4.0%
16	INVITATION HOMES INC COM INVH	INVH	8,939,707	$270.1m2.30%	2.30%	Added +1.5m	+1,490,227 20.0%
17	KITE RLTY GROUP TR COM NEW KRG	KRG	8,644,416	$245.3m2.09%	2.09%	Added +746.6k	+746,629 9.4%
18	REALTY INCOME CORP COM O	O	3,924,386	$243.2m2.08%	2.08%	Reduced -37.5k	-37,495 -0.9%
19	MACERICH CO COM MAC	MAC	8,999,366	$226.7m1.93%	1.93%	Added +1.7m	+1,724,762 23.7%
20	AMERICAN HEALTHCARE REIT INC COM SHS AHR	AHR	4,203,946	$219.2m1.87%	1.87%	Added +1.4m	+1,422,493 51.1%
21	EQUITY LIFESTYLE PPTYS INC COM ELS	ELS	3,200,525	$206.3m1.76%	1.76%	Added +946.2k	+946,174 42.0%
22	VICI PPTYS INC COM VICI	VICI	6,272,252	$166.5m1.42%	1.42%	Added +1.6m	+1,562,442 33.2%
23	AMERICAN HOMES 4 RENT CL A AMH	AMH	4,390,840	$147.2m1.26%	1.26%	Reduced -1.6m	-1,578,192 -26.4%
24	HOST HOTELS & RESORTS INC COM HST	HST	6,190,131	$146.8m1.25%	1.25%	Reduced -629.4k	-629,420 -9.2%
25	COUSINS PPTYS INC COM NEW CUZ	CUZ	4,315,815	$129.4m1.10%	1.10%	Added +460.6k	+460,580 11.9%
26	ALEXANDRIA REAL ESTATE EQ IN COM ARE	ARE	2,353,556	$124.4m1.06%	1.06%	Added +328.7k	+328,664 16.2%
27	VORNADO RLTY TR SH BEN INT VNO	VNO	2,918,110	$114.7m0.98%	0.98%	Reduced -510.9k	-510,937 -14.9%
28	SABRA HEALTH CARE REIT INC COM SBRA	SBRA	5,814,427	$113.4m0.97%	0.97%	Added +1.9m	+1,936,617 49.9%
29	MID-AMER APT CMNTYS INC COM MAA	MAA	789,692	$109.7m0.94%	0.94%	Added +169.5k	+169,517 27.3%
30	LXP INDUSTRIAL TRUST COM LXP	LXP	1,774,973	$95.6m0.82%	0.82%	Added +520.9k	+520,853 41.5%
31	REXFORD INDL RLTY INC COM REXR	REXR	2,728,032	$91.4m0.78%	0.78%	Added +255.1k	+255,108 10.3%
32	DIAMONDROCK HOSPITALITY CO COM DRH	DRH	7,262,068	$88.5m0.75%	0.75%	Added +825.0k	+825,004 12.8%
33	EQUITY RESIDENTIAL SH BEN INT VMRK	VMRK	1,221,100	$82.9m0.71%	0.71%	Added +66.1k	+66,067 5.7%
34	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	569,520	$73.2m0.62%	0.62%	Added +57.2k	+57,185 11.2%
35	JANUS LIVING INC CL A-1 JAN	JAN	2,449,658	$70.4m0.60%	0.60%	Added +469.7k	+469,658 23.7%
36	SL GREEN RLTY CORP COM SLG	SLG	1,227,532	$63.5m0.54%	0.54%	Added +153.6k	+153,581 14.3%
37	ESSEX PPTY TR INC COM ESS	ESS	199,720	$58.2m0.50%	0.50%	Reduced -16.9k	-16,896 -7.8%
38	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	361,934	$56.5m0.48%	0.48%	Added +85.9k	+85,860 31.1%
39	AMERICAN TOWER CORP NEW COM AMT	AMT	329,330	$53.9m0.46%	0.46%	Added +12.9k	+12,914 4.1%
40	CARETRUST REIT INC COM CTRE	CTRE	1,294,118	$52.2m0.45%	0.45%	New
41	BROADSTONE NET LEASE INC COM BNL	BNL	2,466,690	$51.0m0.44%	0.44%	Reduced -171.0k	-170,998 -6.5%
42	NETSTREIT CORP COM NTST	NTST	2,405,458	$50.8m0.43%	0.43%	Reduced -452.9k	-452,897 -15.8%
43	SMARTSTOP SELF STORAG REIT I COMMON STOCK SMA	SMA	1,415,860	$46.0m0.39%	0.39%	New
44	AMERICOLD REALTY TRUST INC COM COLD	COLD	2,863,520	$45.0m0.38%	0.38%	Added +785.9k	+785,908 37.8%
45	KILROY RLTY CORP COM KRC	KRC	1,181,978	$44.3m0.38%	0.38%	Added +1.1m	+1,111,487 1576.8%
46	SUN CMNTYS INC COM SUI	SUI	347,520	$41.7m0.36%	0.36%	Added +296.2k	+296,197 577.1%
47	INDEPENDENCE RLTY TR INC COM IRT	IRT	2,350,383	$39.2m0.33%	0.33%	Added +759.1k	+759,119 47.7%
48	LTC PPTYS INC COM LTC	LTC	920,710	$35.4m0.30%	0.30%	Added +914.2k	+914,250 14152.5%
49	LINEAGE INC COM LINE	LINE	686,236	$29.7m0.25%	0.25%	Added +222.4k	+222,416 48.0%
50	OMEGA HEALTHCARE INVS INC COM OHI	OHI	610,430	$29.1m0.25%	0.25%	Reduced -2.4m	-2,379,374 -79.6%
51	STAG INDL INC COM STAG	STAG	761,520	$29.0m0.25%	0.25%	Added +613.7k	+613,720 415.2%
52	REGENCY CTRS CORP COM REG	REG	351,270	$28.0m0.24%	0.24%	Unchanged
53	CROWN CASTLE INC COM CCI	CCI	358,530	$27.2m0.23%	0.23%	Reduced -44.1k	-44,110 -11.0%
54	DIVERSIFIED HEALTHCARE TR COM SH BEN INT DHC	DHC	2,862,591	$26.6m0.23%	0.23%	Added +160	+160 0.0%
55	CUBESMART COM CUBE	CUBE	647,746	$25.8m0.22%	0.22%	Reduced -937.4k	-937,368 -59.1%
56	AVALONBAY CMNTYS INC COM AVB	AVB	104,960	$19.8m0.17%	0.17%	Added +370	+370 0.3%
57	EMPIRE ST RLTY TR INC CL A ESRT	ESRT	3,580,271	$19.4m0.17%	0.17%	Added +328.5k	+328,499 10.1%
58	VESTA REAL ESTATE CORP ADS VTMX	VTMX	563,015	$19.3m0.16%	0.16%	Added +225.0k	+224,955 66.5%
59	PIEDMONT OFFICE REALTY TR IN COM CL A PDM	PDM	1,537,347	$14.1m0.12%	0.12%	Reduced -1.9m	-1,942,126 -55.8%
60	FEDERAL RLTY INVT TR NEW SH BEN INT NEW FRT	FRT	106,401	$13.1m0.11%	0.11%	Reduced -239.6k	-239,565 -69.2%
61	SBA COMMUNICATIONS CORP NEW CL A SBAC	SBAC	74,110	$13.1m0.11%	0.11%	Added +1.2k	+1,220 1.7%
62	EASTGROUP PPTYS INC COM EGP	EGP	58,771	$11.9m0.10%	0.10%	Reduced -24.3k	-24,270 -29.2%
63	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	23,431	$7.7m0.07%	0.07%	Reduced -2.3k	-2,300 -8.9%
64	WEYERHAEUSER CO MTN BE COM NEW WY	WY	315,599	$7.6m0.06%	0.06%	Reduced -19.1k	-19,150 -5.7%
65	HEALTHPEAK PROPERTIES INC COM DOC	DOC	186,344	$4.0m0.03%	0.03%	Reduced -157.8k	-157,788 -45.9%
66	NATIONAL HEALTH INVS INC COM NHI	NHI	46,662	$3.6m0.03%	0.03%	Reduced -416.9k	-416,870 -89.9%
67	TERRENO RLTY CORP COM TRNO	TRNO	54,200	$3.5m0.03%	0.03%	Reduced -1.0k	-1,000 -1.8%
68	BXP INC COM BXP	BXP	50,371	$3.3m0.03%	0.03%	Added +36.1k	+36,111 253.2%
69	COPT DEFENSE PROPERTIES SHS BEN INT CDP	CDP	51,500	$1.9m0.02%	0.02%	Reduced -500	-500 -1.0%
70	CBRE GROUP INC CL A CBRE	CBRE	11,440	$1.5m0.01%	0.01%	Reduced -390	-390 -3.3%
71	BLACKSTONE DIGITAL INFRASTRU COMMON STOCK BXDC	BXDC	35,500	$767.9k0.01%	0.01%	New
72	WP CAREY INC COM WPC	WPC	10,004	$715.3k0.01%	0.01%	Unchanged
73	HEALTHCARE RLTY TR CL A COM HR	HR	27,377	$552.2k0.00%	0.00%	Reduced -6.4m	-6,401,490 -99.6%
74	DOUGLAS EMMETT INC COM DEI	DEI	39,750	$469.1k0.00%	0.00%	Unchanged
75	ESSENTIAL PPTYS RLTY TR INC COM EPRT	EPRT	14,490	$432.5k0.00%	0.00%	Added +320	+320 2.3%
76	JONES LANG LASALLE INC COM JLL	JLL	1,270	$393.6k0.00%	0.00%	Added +140	+140 12.4%
77	NEXTERA ENERGY INC COM NEE	NEE	4,250	$373.0k0.00%	0.00%	Reduced -500	-500 -10.5%
78	FOUR CORNERS PPTY TR INC COM FCPT	FCPT	14,460	$355.0k0.00%	0.00%	Added +320	+320 2.3%
79	CORE SCIENTIFIC INC NEW COM CORZ	CORZ	11,500	$294.3k0.00%	0.00%	New
80	SUNSTONE HOTEL INVS INC NEW COM SHO	SHO	14,990	$171.6k0.00%	0.00%	Reduced -1.3m	-1,304,936 -98.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
INVENTRUST PPTYS CORP IVT	IVT	785,528	$23.9m785.5k shares
FRONTVIEW REIT INC FVR	FVR	63,830	$987.5k63.8k shares
ZILLOW GROUP INC ZG	ZG	5,070	$209.8k5.1k shares