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AEW CAPITAL MANAGEMENT L P

TWO SEAPORT LANE, BOSTON, MA 02210-2021 • 6172629324

Q3 2025 · Filed 2025-11-10
Market Value
$1.8B
-4.8%
Holdings
48
New Purchases
1
Added To
17
Closed
6
Reduced
24
Top 10 Concentration
68.4%
Turnover
14.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPG 5.54% 2.37% +3.17% $99M
O 7.24% 4.52% +2.72% $130M
BRX 4.44% 2.27% +2.18% $80M
HIW 4.16% 1.98% +2.18% $75M
LXP 4.56% 2.48% +2.08% $82M
AVB 7.37% 5.54% +1.83% $132M
WELL 11.96% 10.47% +1.49% $215M
BNL 3.63% 2.15% +1.48% $65M
AMH 3.82% 2.53% +1.29% $69M
CURB 1.92% 0.89% +1.04% $35M
CTRE 2.12% 1.25% +0.87% $38M
MAA 4.81% 4.01% +0.80% $86M
AMT 0.68% 0.00% +0.68% $12M
RHP 1.55% 0.99% +0.57% $28M
PSA 6.64% 6.41% +0.22% $119M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PLD 7.09% 9.49% -2.40% $127M
VTR 0.43% 2.59% -2.16% $8M
IRM 1.79% 3.37% -1.58% $32M
GLPI 0.51% 2.05% -1.54% $9M
IRT 0.55% 1.81% -1.26% $10M
CUBE 0.32% 1.49% -1.16% $6M
EXR 0.00% 1.12% -1.12% $0
SUI 0.38% 1.38% -0.99% $7M
EQIX 6.83% 7.76% -0.93% $123M
DLR 6.32% 7.24% -0.93% $113M
MAC 0.53% 1.39% -0.85% $10M
EGP 0.01% 0.80% -0.80% $135K
KRG 0.51% 1.26% -0.75% $9M
EQR 0.65% 1.40% -0.75% $12M
HR 0.08% 0.77% -0.69% $1M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Real Estate 100.0%

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 27 $1.3B 74.2%
Mid Cap 20 $464M 25.8%
Small Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$25.5B
Median Market Cap
$12.0B
Avg P/E
40.5
Median P/E
30.4
Avg Dividend Yield
0.04%
Avg Beta
0.97
# Stocks
48
# ETFs / Funds
0

Top Holdings (48 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 WELL 11.96% 1,205,060 $215M $178.14 $17M -78,220 -6.1%
2 AVB 7.37% 684,898 $132M $193.17 $28M +171,950 +33.5%
3 O 7.24% 2,139,078 $130M $60.79 $45M +658,910 +44.5%
4 PLD 7.09% 1,112,083 $127M $114.52 -$52M -590,040 -34.7%
5 EQIX 6.83% 156,531 $123M $783.24 -$24M -27,300 -14.8%
6 PSA 6.64% 412,340 $119M $288.85 -$2M +240 +0.1%
7 DLR 6.32% 655,925 $113M $172.88 -$23M -127,250 -16.2%
8 SPG 5.54% 530,155 $99M $187.67 $55M +252,510 +91.0%
9 MAA 4.81% 617,474 $86M $139.73 $11M +107,380 +21.1%
10 LXP 4.56% 9,135,734 $82M $8.96 $35M +3,465,123 +61.1%
11 BRX 4.44% 2,882,414 $80M $27.68 $37M +1,241,326 +75.6%
12 HIW 4.16% 2,344,571 $75M $31.82 $37M +1,144,991 +95.5%
13 AMH 3.82% 2,064,622 $69M $33.25 $21M +741,388 +56.0%
14 BNL 3.63% 3,644,233 $65M $17.87 $25M +1,122,124 +44.5%
15 CTRE 2.12% 1,097,481 $38M $34.68 $14M +324,610 +42.0%
16 CURB 1.92% 1,547,924 $35M $22.30 $18M +815,060 +111.2%
17 IRM 1.79% 315,257 $32M $101.94 -$31M -304,420 -49.1%
18 RHP 1.55% 311,564 $28M $89.59 $9M +122,740 +65.0%
19 AMT 0.68% 63,110 $12M $192.32 +63,110 NEW
20 EQR 0.65% 181,420 $12M $64.73 -$15M -209,881 -53.6%
21 IRT 0.55% 603,967 $10M $16.39 -$24M -1,325,558 -68.7%
22 MAC 0.53% 526,746 $10M $18.20 -$17M -1,087,970 -67.4%
23 GLPI 0.51% 194,982 $9M $46.61 -$29M -631,520 -76.4%
24 KRG 0.51% 407,520 $9M $22.30 -$15M -638,728 -61.0%
25 VNO 0.49% 215,560 $9M $40.53 -$10M -279,750 -56.5%
26 PECO 0.48% 249,810 $9M $34.33 -$9M -253,739 -50.4%
27 KRC 0.47% 200,537 $8M $42.25 -$7M -255,195 -56.0%
28 INVH 0.46% 281,960 $8M $29.33 -$13M -357,595 -55.9%
29 UDR 0.46% 219,300 $8M $37.26 -$11M -259,048 -54.1%
30 VTR 0.43% 110,560 $8M $69.99 -$41M -661,586 -85.7%
31 ELS 0.43% 126,810 $8M $60.70 -$3M -49,293 -28.0%
32 ESS 0.43% 28,660 $8M $267.66 -$10M -32,421 -53.1%
33 SUI 0.38% 53,350 $7M $129.00 -$19M -151,840 -74.0%
34 CUBE 0.32% 141,870 $6M $40.66 -$22M -516,870 -78.5%
35 CPT 0.32% 53,150 $6M $106.78 -$10M -84,075 -61.3%
36 HR 0.08% 80,110 $1M $18.03 -$13M -840,090 -91.3%
37 STAG 0.01% 4,300 $152K $35.29 $21K +700 +19.4%
38 EGP 0.01% 800 $135K $169.26 -$15M -89,899 -99.1%
39 REG 0.01% 1,800 $131K $72.90 $24K +300 +20.0%
40 REXR —% 1,500 $62K $41.11 -$4M -118,980 -98.8%
41 SKT —% 1,300 $44K $33.84 $10K +200 +18.2%
42 ADC —% 500 $36K $71.04 $6K +100 +25.0%
43 VICI —% -$6M -181,230 -100.0% SOLD
44 ARE —% -$2M -27,910 -100.0% SOLD
45 EXR —% -$21M -143,719 -100.0% SOLD
46 WPC —% -$4M -61,560 -100.0% SOLD
47 GMRE —% -$207K -29,820 -100.0% SOLD
48 DOC —% -$2M -127,079 -100.0% SOLD

New Positions

SymbolValue% Port
AMT $12M 0.68%

Sold Out Positions

SymbolValue% Port
EXR —%
ARE —%
VICI —%
WPC —%
DOC —%
GMRE —%
View SEC EDGAR Filings for AEW CAPITAL MANAGEMENT L P →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms