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Reported Holdings Of The
Forward Management LLC

Legal Name: FORWARD MANAGEMENT, LLC

Period of report: Jun 30, 2019
Effectiveness Date: Jul 15, 2019

Security Shares Held / Principal Amount Market Value Option
SPDR S&P 500 ETF TR TR UNIT (78462F103) 769,342 $168,966k
SPDR SERIES TRUST (78468r663) 1,579,061 $108,427k
INVESCO QQQ TR UNIT SER 1 (46090E103) 239,238 $33,425k
VANECK VECTORS ETF TR GOLD MINERS ETF (92189F106) 902,013 $17,279k
Lexington Corp Pr C CV (529043309) 309,205 $16,623k
RLJ LODGING TR (74965L200) 600,110 $15,705k
CHATHAM LODGING TRUST (16208T102) 771,490 $14,558k
BRAEMAR HOTELS & RESORTS INC (10482B200) 778,838 $14,471k
CONSOLIDATED-TOMOKA LAND (210226AB2) 12,780,000 $13,087k
URSTADT BIDDLE PPTYS (917286809) 450,080 $11,576k
EPR Properties 9% E (26884U307) 290,110 $11,010k
JERNIGAN CAP INC (476405105) 534,000 $10,947k
CLIPPER RLTY INC (18885T306) 960,485 $10,738k
SABRA HEALTH CARE REIT INC (78573L106) 525,000 $10,337k
Brookfield Property Partners (G16249107) 510,850 $9,670k
EXTENDED STAY AMRC (30224P200) 564,650 $9,538k
APPLE HOSPITALITY (03784Y200) 591,080 $9,374k
VORNADO RLTY TR (929042109) 143,000 $9,166k
Exantas Capital Corp (30068N105) 810,000 $9,161k
Colony Capital Inc (19626G108) 1,629,983 $8,150k
EPR PPTYS (26884U208) 248,700 $7,973k
BRANDYWINE RLTY TR (105368203) 544,120 $7,792k
HCP INC (40414L109) 235,000 $7,515k
QTS 6 1/2 SERIES B PERP (74736A301) 63,500 $7,035k
STAG INDL INC COM (85254J102) 210,000 $6,350k
Brixmor Property Group, Inc. (11120U105) 65,000 $1,162k
PROLOGIS INC (74340W103) 13,640 $1,092k
MID-AMER APT CMNTYS (59522J103) 8,700 $1,025k
INTERXION HOLDING N.V (N47279109) 13,025 $991k
ALEXANDRIA REAL ESTATE EQ IN (015271109) 7,015 $990k
HOWARD HUGHES (44267D107) 7,920 $980k
FEDERAL RLTY INVT TR (313747206) 7,420 $956k
EQUITY RESIDENTIAL (29476L107) 12,140 $922k
DIGITAL RLTY TR INC (253868103) 7,800 $919k
ACADIA REALTY TRUST (004239109) 33,370 $913k
PARAMOUNT GROUP INC COM (69924R108) 61,680 $865k
Weyerhaeuser Co (962166104) 32,500 $856k
AVALONBAY COMMUNTIES (053484101) 4,110 $835k
RETAIL OPPORTUNITY INVTS CORP COM (76131N101) 45,100 $773k
SL GREEN RLTY CORP (78440X101) 8,520 $685k
Farmland Partners Inc. (31154R109) 90,200 $636k
EQUINIX INC (29444U700) 1,200 $605k
NATIONAL STORAGE AFFILIATES (637870106) 20,040 $580k
VENTAS INC (92276F100) 7,240 $495k
AMERICAN ASSETS TRUST INC (024013104) 10,025 $472k
SUMMIT HOTEL PPTYS INC COM (866082100) 27,590 $316k
ALEXANDRIA REAL ESTATE EQ IN (015271505) 50 $2k
Genesis Healthcare Inc (37185X106) 320 $0k

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