على الرغم من البيع، تحافظ «Baron Capital» على نظرتها تجاه «Ventas» (VTR)

Baron Capital, an investment management company, released its Q2 2026 letter for the "Baron Real Estate Income Fund." The Fund gained 12.18% (Institutional Shares) during the quarter, modestly outperforming the MSCI US REIT Index, which increased 11.84%. The letter can be downloaded here. Its long-term performance also remains strong, with Morningstar ranking it the #2 real estate fund since its December 2017 inception. The letter discusses management's current views, portfolio composition, key contributors and detractors, recent activity, and the outlook for real estate and the Fund. Management believes a multi-year recovery in real estate is beginning to emerge, despite elevated interest rates, housing affordability pressures, and AI-related disruption. Its constructive outlook is supported by attractive valuations, accelerating M&A, favorable supply-demand dynamics, healthy balance sheets, improving debt conditions, and increasing recognition of real estate as an AI beneficiary. The Fund remains positioned to benefit from improving growth, rising dividends, and potential valuation normalization. Please review the Fund's top five holdings to gain insights into their key selections for 2026. In its second-quarter 2026 investor letter, Baron Real Estate Fund highlighted Prologis, Inc. (NYSE:PLD). Prologis, Inc. (NYSE:PLD) is a leader in logistics real estate focuses on high-barrier, high-growth markets. On September 21, 2026, Prologis, Inc. (NYSE:PLD) closed at $133.74 per share. Over the past month, Prologis, Inc. (NYSE:PLD) declined 5.24% and its shares gained 18.68% over the past 52 weeks. Prologis, Inc. (NYSE:PLD) has a market capitalization of $131.65 billion with a 52-week trading range between $111.03 and $153.35. Baron Real Estate Fund stated the following regarding Prologis, Inc. (NYSE:PLD) in its Q2 2026 investor letter: "We remain constructive on the Fund's industrial REIT holdings, Prologis, Inc. (NYSE:PLD), driven by a favorable multiyear outlook for demand, supply, and rent growth. We see significant embedded growth potential from in-place rents that generally sit approximately 20% below market levels, as well as secular tailwinds including e-commerce expansion, supply chain logistics, "just-in-time" inventory strategies, and nearshoring/onshoring trends." Citi Returns to Prologis (PLD) with Buy Rating and $145 Target Prologis, Inc. (NYSE:PLD) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge fund portfolios held Prologis, Inc. (NYSE:PLD) at the end of the second quarter which was 58 in the previous quarter. While we acknowledge the potential of Prologis, Inc. (NYSE:PLD) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Baron Capital, an investment management company, released its Q2 2026 letter for the "Baron Real Estate Income Fund." The Fund gained 12.18% (Institutional Shares) during the quarter, modestly outperforming the MSCI US REIT Index, which increased 11.84%. The letter can be downloaded here. Its long-term performance also remains strong, with Morningstar ranking it the #2 real estate fund since its December 2017 inception. The letter discusses management's current views, portfolio composition, key contributors and detractors, recent activity, and the outlook for real estate and the Fund. Management believes a multi-year recovery in real estate is beginning to emerge, despite elevated interest rates, housing affordability pressures, and AI-related disruption. Its constructive outlook is supported by attractive valuations, accelerating M&A, favorable supply-demand dynamics, healthy balance sheets, improving debt conditions, and increasing recognition of real estate as an AI beneficiary. The Fund remains positioned to benefit from improving growth, rising dividends, and potential valuation normalization. Please review the Fund's top five holdings to gain insights into their key selections for 2026. In its second-quarter 2026 investor letter, Baron Real Estate Income Fund highlighted UDR, Inc. (NYSE:UDR). UDR, Inc. (NYSE:UDR) is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties. On September 21, 2026, UDR, Inc. (NYSE:UDR) closed at $33.89 per share. Over the past month, UDR, Inc. (NYSE:UDR) declined 11.21% while its shares lost 9.65% over the past 52 weeks. UDR, Inc. (NYSE:UDR) has a market capitalization of $17.7 billion with a 52-week trading range between $32.94 and $42.00. Baron Real Estate Income Fund stated the following regarding UDR, Inc. (NYSE:UDR) in its Q2 2026 investor letter:

Baron Capital, an investment management company, released its Q2 2026 letter for the "Baron Real Estate Income Fund." The Fund gained 12.18% (Institutional Shares) during the quarter, modestly outperforming the MSCI US REIT Index, which increased 11.84%. The letter can be downloaded here. Its long-term performance also remains strong, with Morningstar ranking it the #2 real estate fund since its December 2017 inception. The letter discusses management's current views, portfolio composition, key contributors and detractors, recent activity, and the outlook for real estate and the Fund. Management believes a multi-year recovery in real estate is beginning to emerge, despite elevated interest rates, housing affordability pressures, and AI-related disruption. Its constructive outlook is supported by attractive valuations, accelerating M&A, favorable supply-demand dynamics, healthy balance sheets, improving debt conditions, and increasing recognition of real estate as an AI beneficiary. The Fund remains positioned to benefit from improving growth, rising dividends, and potential valuation normalization. Please review the Fund's top five holdings to gain insights into their key selections for 2026. In its second-quarter 2026 investor letter, Baron Real Estate Income Fund highlighted Essex Property Trust, Inc. (NYSE:ESS). Essex Property Trust, Inc. (NYSE:ESS) is a fully integrated real estate investment trust that acquires, develops, redevelops, and manages multifamily residential properties. On September 21, 2026, Essex Property Trust, Inc. (NYSE:ESS) closed at $271.39 per share. Over the past month, Essex Property Trust, Inc. (NYSE:ESS) declined 5.69% and its shares gained 1.33% over the past 52 weeks. Essex Property Trust, Inc. (NYSE:ESS) has a market capitalization of $18.71 billion with a 52-week trading range between $238.46 and $303.35. Baron Real Estate Income Fund stated the following regarding Essex Property Trust, Inc. (NYSE:ESS) in its Q2 2026 investor letter:

Baron Capital, an investment management company, released its Q2 2026 letter for the "Baron Real Estate Income Fund." The Fund gained 12.18% (Institutional Shares) during the quarter, modestly outperforming the MSCI US REIT Index, which increased 11.84%. The letter can be downloaded here. Its long-term performance also remains strong, with Morningstar ranking it the #2 real estate fund since its December 2017 inception. The letter discusses management's current views, portfolio composition, key contributors and detractors, recent activity, and the outlook for real estate and the Fund. Management believes a multi-year recovery in real estate is beginning to emerge, despite elevated interest rates, housing affordability pressures, and AI-related disruption. Its constructive outlook is supported by attractive valuations, accelerating M&A, favorable supply-demand dynamics, healthy balance sheets, improving debt conditions, and increasing recognition of real estate as an AI beneficiary. The Fund remains positioned to benefit from improving growth, rising dividends, and potential valuation normalization. Please review the Fund's top five holdings to gain insights into their key selections for 2026. In its second-quarter 2026 investor letter, Baron Real Estate Income Fund highlighted Ventas, Inc. (NYSE:VTR). Ventas, Inc. (NYSE:VTR) is a real estate investment trust that enables exceptional environments for a large and growing aging population. On September 18, 2026, Ventas, Inc. (NYSE:VTR) closed at $86.69 per share. Over the past month, Ventas, Inc. (NYSE:VTR) declined 7.25%, while its shares gained 29.14% over the past 52 weeks. Ventas, Inc. (NYSE:VTR) has a market capitalization of $45.46 billion with a 52-week trading range between $66.63 and $101.60. Baron Real Estate Income Fund stated the following regarding Ventas, Inc. (NYSE:VTR) in its Q2 2026 investor letter: "Though we remain bullish on the long-term prospects for senior housing-focused REITs Ventas, Inc. (NYSE:VTR) and American Healthcare REIT, Inc., we chose to consolidate the Fund's exposure to this REIT category given strong relative performance over the last two years and the desire to acquire certain REITs that we believe are more attractively valued. We remain bullish on the long-term prospects for Ventas and American Healthcare and may acquire shares in the future." Why Ventas Inc (VTR) Is Surging In 2025? Ventas, Inc. (NYSE:VTR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Ventas, Inc. (NYSE:VTR) at the end of the second quarter which was 42 in the previous quarter. While we acknowledge the potential of Ventas, Inc. (NYSE:VTR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Baron Capital, an investment management company, released its Q2 2026 letter for the "Baron Real Estate Income Fund." The Fund gained 12.18% (Institutional Shares) during the quarter, modestly outperforming the MSCI US REIT Index, which increased 11.84%. The letter can be downloaded here. Its long-term performance also remains strong, with Morningstar ranking it the #2 real estate fund since its December 2017 inception. The letter discusses management's current views, portfolio composition, key contributors and detractors, recent activity, and the outlook for real estate and the Fund. Management believes a multi-year recovery in real estate is beginning to emerge, despite elevated interest rates, housing affordability pressures, and AI-related disruption. Its constructive outlook is supported by attractive valuations, accelerating M&A, favorable supply-demand dynamics, healthy balance sheets, improving debt conditions, and increasing recognition of real estate as an AI beneficiary. The Fund remains positioned to benefit from improving growth, rising dividends, and potential valuation normalization. Please review the Fund's top five holdings to gain insights into their key selections for 2026. In its second-quarter 2026 investor letter, Baron Real Estate Fund highlighted Vail Resorts, Inc. (NYSE:MTN). Vail Resorts, Inc. (NYSE:MTN) operates mountain resorts and regional ski areas, which detracted from the fund's performance this quarter. On September 18, 2026, Vail Resorts, Inc. (NYSE:MTN) closed at $139.80 per share. Over the past month, Vail Resorts, Inc. (NYSE:MTN) declined 6.80%, and its shares lost 2.71% over the past 52 weeks. Vail Resorts, Inc. (NYSE:MTN) has a market capitalization of $4.98 billion with a 52-week trading range between $118.51 and $163.34. Baron Real Estate Fund stated the following regarding Vail Resorts, Inc. (NYSE:MTN) in its Q2 2026 investor letter:

Baron Capital, an investment management company, released its Q2 2026 letter for the "Baron Real Estate Income Fund." The Fund gained 12.18% (Institutional Shares) during the quarter, modestly outperforming the MSCI US REIT Index, which increased 11.84%. The letter can be downloaded here. Its long-term performance also remains strong, with Morningstar ranking it the #2 real estate fund since its December 2017 inception. The letter discusses management's current views, portfolio composition, key contributors and detractors, recent activity, and the outlook for real estate and the Fund. Management believes a multi-year recovery in real estate is beginning to emerge, despite elevated interest rates, housing affordability pressures, and AI-related disruption. Its constructive outlook is supported by attractive valuations, accelerating M&A, favorable supply-demand dynamics, healthy balance sheets, improving debt conditions, and increasing recognition of real estate as an AI beneficiary. The Fund remains positioned to benefit from improving growth, rising dividends, and potential valuation normalization. Please review the Fund's top five holdings to gain insights into their key selections for 2026. In its second-quarter 2026 investor letter, Baron Real Estate Fund highlighted American Healthcare REIT, Inc. (NYSE:AHR). American Healthcare REIT, Inc. (NYSE:AHR) is a Maryland-based self-managed REIT, owns and operates a diversified portfolio of clinical healthcare real estate. On September 18, 2026, American Healthcare REIT, Inc. (NYSE:AHR) closed at $52.15 per share. Over the past month, American Healthcare REIT, Inc. (NYSE:AHR) declined 7.19% while its shares gained 23.84% over the past 52 weeks. American Healthcare REIT, Inc. (NYSE:AHR) has a market capitalization of $11.45 billion with a 52-week trading range between $40.00 and $58.70. Baron Real Estate Fund stated the following regarding American Healthcare REIT, Inc. (NYSE:AHR) in its Q2 2026 investor letter: "Though we remain bullish on the long-term prospects for senior housing-focused REITs Ventas, Inc. and American Healthcare REIT, Inc. (NYSE:AHR), we chose to consolidate the Fund's exposure to this REIT category given strong relative performance over the last two years and the desire to acquire certain REITs that we believe are more attractively valued. We remain bullish on the long-term prospects for Ventas and American Healthcare and may acquire shares in the future." Community Healthcare Trust Incorporated (CHCT): A Top Dividend Challenger in 2025 American Healthcare REIT, Inc. (NYSE:AHR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held American Healthcare REIT, Inc. (NYSE:AHR) at the end of the second quarter which was 33 in the previous quarter. While we acknowledge the potential of American Healthcare REIT, Inc. (NYSE:AHR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Baron Capital, an investment management company, released its Q2 2026 letter for the "Baron Real Estate Income Fund." The Fund gained 12.18% (Institutional Shares) during the quarter, modestly outperforming the MSCI US REIT Index, which increased 11.84%. The letter can be downloaded here. Its long-term performance also remains strong, with Morningstar ranking it the #2 real estate fund since its December 2017 inception. The letter discusses management's current views, portfolio composition, key contributors and detractors, recent activity, and the outlook for real estate and the Fund. Management believes a multi-year recovery in real estate is beginning to emerge, despite elevated interest rates, housing affordability pressures, and AI-related disruption. Its constructive outlook is supported by attractive valuations, accelerating M&A, favorable supply-demand dynamics, healthy balance sheets, improving debt conditions, and increasing recognition of real estate as an AI beneficiary. The Fund remains positioned to benefit from improving growth, rising dividends, and potential valuation normalization. Please review the Fund's top five holdings to gain insights into their key selections for 2026. In its second-quarter 2026 investor letter, Baron Real Estate Fund highlighted Blackstone Mortgage Trust, Inc. (NYSE:BXMT). Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is a real estate finance company that acquires and manages loans and other debt or credit-oriented investments collateralized by commercial real estate. On September 18, 2026, Blackstone Mortgage Trust, Inc. (NYSE:BXMT) closed at $13.27 per share. Over the Blackstone Mortgage Trust, Inc. (NYSE:BXMT) was -6.02%, and its shares lost 30.30% over the past 52 weeks. Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has a market capitalization of $2.24 billion with a 52-week trading range between $13.10 - $20.67. Baron Real Estate Fund stated the following regarding Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in its Q2 2026 investor letter: