November 18, 2025 02:04 AM seekingalpha.com Positive

AEW Capital exits six REITs in Q3, initiates position in American Tower

ADC AIV AMH AMT ARE AVB BNL BRX CPT CTRE CUBE CURB DLR DOC EGP ELS EQIX EQR ESS EXR GLPI HIW

[single word reit (real estate investment trust) on yellow color background]
May Lim/iStock via Getty Images

AEW Capital Management exited six REITs in the third quarter, according to the money manager's latest 13F filing [https://www.sec.gov/Archives/edgar/data/1046187/000110465925109304/xslForm13F_X02/infotable.xml].

AEW is one of the largest real estate investment managers in the world.

The company exited from Alexandria Real Estate Equities (ARE [https://seekingalpha.com/symbol/ARE]), Extra Space Storage (EXR [https://seekingalpha.com/symbol/EXR]), Global Medical REIT (GMRE [https://seekingalpha.com/symbol/GMRE]), Healthpeak Properties (DOC [https://seekingalpha.com/symbol/DOC]), VICI Properties (VICI [https://seekingalpha.com/symbol/VICI]), and W. P. Carey (WPC [https://seekingalpha.com/symbol/WPC]).

Stake reductions took place in Agree Realty (ADC [https://seekingalpha.com/symbol/ADC]), American Homes 4 Rent (AMH [https://seekingalpha.com/symbol/AMH]), Apartment Investment and Management (AIV [https://seekingalpha.com/symbol/AIV]), Brixmor Property (BRX [https://seekingalpha.com/symbol/BRX]), Camden Property Trust (CPT [https://seekingalpha.com/symbol/CPT]), CubeSmart (CUBE [https://seekingalpha.com/symbol/CUBE]), Digital Realty Trust (DLR [https://seekingalpha.com/symbol/DLR]), EastGroup Properties (EGP [https://seekingalpha.com/symbol/EGP]), Equinix (EQIX [https://seekingalpha.com/symbol/EQIX]), Equity LifeStyle Properties (ELS [https://seekingalpha.com/symbol/ELS]), Equity Residential (EQR [https://seekingalpha.com/symbol/EQR]), Essex Property Trust (ESS [https://seekingalpha.com/symbol/ESS]), Gaming and Leisure Properties (GLPI [https://seekingalpha.com/symbol/GLPI]), Healthcare Realty Trust (HR [https://seekingalpha.com/symbol/HR]), Highwoods Properties (HIW [https://seekingalpha.com/symbol/HIW]), Independence Realty Trust (IRT [https://seekingalpha.com/symbol/IRT]), Invitation Homes (INVH [https://seekingalpha.com/symbol/INVH]), Iron Mountain (IRM [https://seekingalpha.com/symbol/IRM]), Kilroy Realty (KRC [https://seekingalpha.com/symbol/KRC]), Kite Realty (KRG [https://seekingalpha.com/symbol/KRG]), Macerich (MAC [https://seekingalpha.com/symbol/MAC]), Mid-America Apartment Communities (MAA [https://seekingalpha.com/symbol/MAA]), Phillips Edison (PECO [https://seekingalpha.com/symbol/PECO]), Prologis (PLD [https://seekingalpha.com/symbol/PLD]), Rexford Industrial Realty (REXR [https://seekingalpha.com/symbol/REXR]), Sun Communities (SUI [https://seekingalpha.com/symbol/SUI]), UDR (UDR [https://seekingalpha.com/symbol/UDR]), Ventas (VTR [https://seekingalpha.com/symbol/VTR]), Vornado Realty Trust (VNO [https://seekingalpha.com/symbol/VNO]), and Welltower (WELL [https://seekingalpha.com/symbol/WELL]).

During the quarter, the money manager with over $87B in assets under management initiated [https://www.sec.gov/Archives/edgar/data/1046187/000110465925074657/xslForm13F_X02/infotable.xml] new position [https://www.sec.gov/Archives/edgar/data/1046187/000110465925109304/xslForm13F_X02/infotable.xml] in American Tower (AMT [https://seekingalpha.com/symbol/AMT]).

Meanwhile, stake increases were in AvalonBay Communities (AVB [https://seekingalpha.com/symbol/AVB]), Broadstone Net Lease (BNL [https://seekingalpha.com/symbol/BNL]), CareTrust REIT (CTRE [https://seekingalpha.com/symbol/CTRE]), Curbline Properties (CURB [https://seekingalpha.com/symbol/CURB]), LXP Industrial Trust (LXP [https://seekingalpha.com/symbol/LXP]), Public Storage (PSA [https://seekingalpha.com/symbol/PSA]), Realty Income (O [https://seekingalpha.com/symbol/O]), Regency Centers (REG [https://seekingalpha.com/symbol/REG]), Ryman Hospitality (RHP [https://seekingalpha.com/symbol/RHP]), Simon Property Group (SPG [https://seekingalpha.com/symbol/SPG]), STAG Industrial (STAG [https://seekingalpha.com/symbol/STAG]), and Tanger (SKT [https://seekingalpha.com/symbol/SKT]).

FTSE Nareit All Equity REITs lost ~0.7% during the third quarter, and ~0.5% year-to-date.

MORE ON RELATED TICKERS

* Alexandria Real Estate: Buy The Fear Or Steer Clear? [https://seekingalpha.com/article/4842067-alexandria-real-estate-buy-the-fear-or-steer-clear]
* VICI Properties Hints At Improved Q4 Vegas Traffic - Compelling Upside/Dividend Yields [https://seekingalpha.com/article/4842034-vici-properties-improved-q4-vegas-traffic-compelling-dividend-yield]
* Global Medical REIT: Upgrading This High-Yield REIT To Strong Buy On Excellent Refinancing And Promising Catalysts [https://seekingalpha.com/article/4841446-global-medical-reit-upgrading-this-high-yield-reit-to-strong-buy-on-excellent-refinancing-and-promising-catalysts]
* Global Medical prices $50M in new preferred stock offering priced at $25.00 a share [https://seekingalpha.com/news/4522102-global-medical-prices-50m-in-new-preferred-stock-offering-priced-at-2500-a-share]
* Alexandria Real Estate Equities downgraded to Hold-equivalent at Citizens after Q3 results [https://seekingalpha.com/news/4521459-alexandria-real-estate-equities-downgraded-to-hold-equivalent-at-citizens-after-q3-results]