01
Customized Research
Decision-ready company deep dives and ongoing sector coverage for hedge funds, private equity firms, family offices, and other institutional investors.
Discuss a research mandate →Listed alternatives / Independent research
Where yield
meets
conviction.
Specialist intelligence across listed alternatives—built by investors who commit their own capital alongside their research.
We invest alongside
our research
our research
2,500+Clients
100,000+Followers
5M+Annual reads
How we work
One focus. Three ways we create value.
02
Investment Newsletters
Specialist research, model portfolios, and proprietary market intelligence for active investors across REITs and listed alternatives.
View publications →03
Strategic Consulting
Independent guidance for REIT management teams on shareholder value, investor relations, corporate actions, and strategic decisions.
Explore advisory work →Specialized investment research
Depth where listed alternatives are often misunderstood.
Leonberg Capital focuses on alternative asset classes that are frequently mispriced and reward deep, active research. Our approach combines deep fundamental underwriting with management interviews and on-the-ground research.
Our specialist perspective →01REITs
02MLPs
03BDCs
04CEFs
05Preferred Shares
06Baby Bonds
Alignment of interests
“We are active investors—not only publishers of research.”
Leonberg Capital is a contrarian, value-oriented investment boutique focused on listed alternatives with high-yield potential.
We invest alongside our recommendations. That ownership mindset shapes what we study, how deeply we underwrite it, and how clearly we communicate both opportunity and risk.
Flagship research
From the research desk.
Two specialist publications give active investors ongoing access to opportunity research, portfolios, and market intelligence.
01 / REIT specialistHigh Yield
High Yield
High Yield
Landlord
Research, model portfolios, and proprietary data across the global listed real estate universe.
Visit publication ↗02 / Listed alternativesHigh Yield
Investor
A broader opportunity set spanning high-yielding alternative asset classes beyond real estate.
Visit publication ↗People
The team behind the research.
International experience across private equity, engineering, property operations, and listed markets.
01
Jussi Askola, CFA
PresidentFormer private equity investor leading Leonberg's research on listed real estate markets.
02
Samuel Smith
Vice PresidentFormer lead analyst focused on non-real-estate securities and alternative income.
03
Austin Rogers
AnalystLicensed Texas real estate agent with property-management and REIT research experience.
Begin a conversation
Start with a better question.
Tell us whether you need customized research, newsletter information, or strategic consulting.
Offices
Tallinn, Estonia
Dallas, USA