LDR Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
EPR PPTYS	PFD C CV 5.75%	26884U208	12,448	486,639	SH		SOLE		0	0	486,639
BRAEMAR HOTELS & RESORTS INC	5.5 CUM CV PFD B	10482B200	2,787	133,998	SH		SOLE		0	0	133,998
RPT REALTY	7.25 PFD D CONV	74971D200	14,565	247,238	SH		SOLE		0	0	247,238
GLOBAL NET LEASE INC	COM NEW	379378201	7,452	487,700	SH		SOLE		487,700	0	0
PLYMOUTH INDL REIT INC	COM	729640102	9,788	305,886	SH		SOLE		305,886	0	0
EPR PPTYS	CONV PFD 9% SR E	26884U307	5,279	147,672	SH		SOLE		0	0	147,672
RLJ LODGING TR	CUM CONV PFD A	74965L200	7,925	275,563	SH		SOLE		0	0	275,563
OFFICE PPTYS INCOME TR	COM SHS BEN INT	67623C109	6,529	262,859	SH		SOLE		262,859	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	5,938	28,449	SH		SOLE		28,449	0	0
CORENERGY INFRASTRUCTURE TR	NOTE 5.875% 8/1	21870UAC0	1,772	1,905,000	PRN		SOLE		0	0	1,905,000
GRANITE PT MTG TR INC	NOTE 6.375%10/0	38741LAC1	6,470	6,348,000	PRN		SOLE		0	0	6,348,000
AMERICOLD RLTY TR	COM	03064D108	9,117	278,047	SH		SOLE		278,047	0	0
PLAYA HOTELS & RESORTS NV	SHS	N70544106	5,061	634,297	SH		SOLE		0	0	634,297
RLJ LODGING TR	COM	74965L101	5,467	392,430	SH		SOLE		0	0	392,430
MGM GROWTH PPTYS LLC	CL A COM	55303A105	10,602	259,524	SH		SOLE		0	0	259,524
RMR GROUP INC	CL A	74967R106	7,872	226,996	SH		SOLE		226,996	0	0
ACRES COMMERCIAL REALTY CORP	NOTE 4.500% 8/1	76120WAC8	3,476	3,485,000	PRN		SOLE		3,485,000	0	0
POSTAL REALTY TRUST INC	CL A	73757R102	5,382	271,826	SH		SOLE		271,826	0	0
VENTAS INC	COM	92276F100	9,550	186,811	SH		SOLE		0	0	186,811
BLACKSTONE MTG TR INC	COM CL A	09257W100	27,066	883,925	SH		SOLE		0	0	883,925
SL GREEN RLTY CORP	COM	78440X804	43,462	606,158	SH		SOLE		0	0	606,158
HEALTHCARE TR AMER INC	CL A NEW	42225P501	697	20,863	SH		SOLE		20,863	0	0
ACADIA RLTY TR	COM SH BEN INT	004239109	530	24,283	SH		SOLE		0	0	24,283
RPT REALTY	SH BEN INT	74971D101	520	39,229	SH		SOLE		0	0	39,229
URSTADT BIDDLE PPTYS INC	CL A	917286205	554	26,010	SH		SOLE		26,010	0	0
HEALTHCARE RLTY TR	COM	421946104	607	19,165	SH		SOLE		0	0	19,165
OUTFRONT MEDIA INC	COM	69007J106	474	17,658	SH		SOLE		0	0	17,658
EXPEDIA GROUP INC	COM NEW	30212P303	475	2,625	SH		SOLE		0	0	2,625
BOSTON PROPERTIES INC	COM	101121101	491	4,262	SH		SOLE		0	0	4,262
HIGHWOODS PPTYS INC	COM	431284108	536	12,024	SH		SOLE		0	0	12,024
KILROY RLTY CORP	COM	49427F108	501	7,540	SH		SOLE		0	0	7,540
CHATHAM LODGING TR	COM	16208T102	474	34,559	SH		SOLE		0	0	34,559
CITY OFFICE REIT INC	COM	178587101	780	39,579	SH		SOLE		0	0	39,579
ASHFORD HOSPITALITY PRIME IN	COM	044102101	223	43,688	SH		SOLE		0	0	43,688
ARMADA HOFFLER PPTYS INC	COM	04208T108	504	33,105	SH		SOLE		0	0	33,105
SPIRIT RLTY CAP INC NEW	COM NEW	84860W300	543	11,263	SH		SOLE		0	0	11,263
HERSHA HOSPITALITY TR	PR SHS BEN INT	427825500	284	30,944	SH		SOLE		0	0	30,944
PARK HOTELS & RESORTS INC	COM	700517105	408	21,595	SH		SOLE		0	0	21,595
DIAMONDROCK HOSPITALITY CO	COM	252784301	450	46,856	SH		SOLE		0	0	46,856
CEDAR REALTY TRUST INC	COM NEW	150602605	734	29,242	SH		SOLE		0	0	29,242
NATIONAL HEALTH INVS INC	COM	63633D104	475	8,265	SH		SOLE		0	0	8,265
CTO RLTY GROWTH INC NEW	COM	22948Q101	502	8,179	SH		SOLE		0	0	8,179
BRT APARTMENTS CORP	COM	055645303	295	12,330	SH		SOLE		0	0	12,330