1y return+23.5%S&P 500 +20.9%
3y return+39.9%S&P 500 +68.5%
5y return+34.7%S&P 500 +74.5%
10y return+97.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $198 against $357 in the S&P 500.2
Land & Buildings Investment Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AHRAmerican Healthcare Reit Inc | $57.4M | 9.8% | +8.9% |
| SPGSimon Property Group Inc | $48.4M | 8.3% | |
| FRFirst Industrial Realty Trust, Inc. | $47.9M | 8.2% | −9.6% |
| BXDCBlackstone Digital Infrastructure Trust Inc. | $47.4M | 8.1% | New |
| VTRVentas, Inc. | $46.9M | 8.0% | +43.7% |
| INVHInvitation Homes Inc. | $42.4M | 7.3% | −28.6% |
| SUISun Communities, Inc | $37.2M | 6.4% | +12.5% |
| CURBCurbline Properties Corp. | $33.3M | 5.7% | +20.9% |
| EQIXEquinix, Inc. Reit | $32.6M | 5.6% | −33.9% |
| SKTTanger Inc | $31.4M | 5.4% | |
| CBRECbre Group, Inc. Class A | $24.9M | 4.3% | |
| DLRDigital Realty Trust, Inc. | $24.3M | 4.2% | +18.6% |
| OUTOutfront Media Inc. | $24.1M | 4.1% | −13.9% |
| MARMarriott International, Inc Class A | $22.0M | 3.8% | |
| LAMRLamar Advertising Company Class A | $19.1M | 3.3% | −8.9% |
| RHPRyman Hospitality Pptys Inc | $18.5M | 3.2% | −50.0% |
| DHID.r. Horton, Inc. | $18.4M | 3.2% | New |
| VICIVici Properties Inc. | $5.5M | 0.9% | New |
| DEIDouglas Emmett, Inc. | $1.8M | 0.3% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AHRAmerican Healthcare Reit Inc | March 31, 2024 | +253.6% | $57.4M |
| VTRVentas, Inc. | September 30, 2020 | +111.6% | $46.9M |
| OUTOutfront Media Inc. | March 31, 2025 | +103.0% | $24.1M |
| SKTTanger Inc | June 30, 2023 | +78.8% | $31.4M |
| CBRECbre Group, Inc. Class A | June 30, 2023 | +66.9% | $24.9M |
| MARMarriott International, Inc Class A | September 30, 2024 | +49.1% | $22.0M |
| SPGSimon Property Group Inc | June 30, 2024 | +47.3% | $48.4M |
| EQIXEquinix, Inc. Reit | September 30, 2023 | +43.5% | $32.6M |
| CURBCurbline Properties Corp. | December 31, 2025 | +31.0% | $33.3M |
| RHPRyman Hospitality Pptys Inc | June 30, 2025 | +30.3% | $18.5M |
Sold off last quarter
- NHINational Health Invs Inc was $47.5M
- PLDPrologis Inc. was $22.3M
- GLPIGaming & Leisure P was $19.7M
- FUNSix Flags Entertainment Corp was $11.4M
- SBACSba Communications Corp was $10.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +10.4% | +14.8% |
| March 31, 2026 | +4.0% | −4.6% |
| December 31, 2025 | +1.8% | +2.4% |
| September 30, 2025 | +5.6% | +7.8% |
| June 30, 2025 | −1.1% | +10.5% |
| March 31, 2025 | −0.9% | −4.6% |
| December 31, 2024 | −3.6% | +2.1% |
| September 30, 2024 | +18.7% | +5.4% |
| June 30, 2024 | −1.2% | +4.0% |
| March 31, 2024 | −0.4% | +10.0% |
| December 31, 2023 | +15.9% | +11.2% |
| September 30, 2023 | −11.5% | −3.6% |
| June 30, 2023 | +2.6% | +8.3% |
| March 31, 2023 | +4.4% | +7.0% |
| December 31, 2022 | +2.0% | +7.1% |
| September 30, 2022 | −8.8% | −5.3% |
| June 30, 2022 | −14.6% | −16.5% |
| March 31, 2022 | −2.9% | −4.9% |
| December 31, 2021 | +14.3% | +10.7% |
| September 30, 2021 | +2.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Land & Buildings Investment Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1536520&type=13F-HR&dateb=&owner=include&count=40CIK 1536520
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1536520/000153652026000005/Filed August 14, 2026 · accession 0001536520-26-000005