What Active REIT Managers Bought And Sold In Q4 2025

Jussi Askola, CFAInvesting Group LeaderFollow5ShareSavePlay(15min)Comments(4)SummaryTop REIT investors are quietly repositioning their portfolios, revealing where the “smart money” sees opportunity.Several clear sector themes are emerging from recent 13F filings.But the biggest surprise may be how much top managers disagree on certain REITs.High Yield Landlord members get exclusive access to our real-world portfolio. See all our investments here » 3D_generator/iStock via Getty Images Co-written by Austin Rogers for High Yield Landlord As we have explained in the past, we don't make buying or selling decisions based on what any other investors are doing, including the best active REIT portfolio managers.This article was written byJussi Askola, CFA69.08K FollowersFollowJussi Askola is the President of Leonberg Capital, a value-oriented investment boutique that consults hedge funds, family offices, and private equity firms on REIT investing. He has authored award-winning academic papers on REIT investing, has passed all three CFA exams, and has built relationships with many top REIT executives. He is the leader of the investing group High Yield Landlord, where he shares his real-money REIT portfolio and transactions in real-time. Features of the group include: three portfolios (core, retirement, international), buy/sell alerts, and a chat room with direct access to Jussi and his team of analysts to ask questions. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CPT; CCI; INVH; REXR; FR; KIM; MAC; VICI; KRG; RYN; KRG; ARE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.