# EDGAR Filing Document

**Accession Number:** 0000912291
**File Stem:** 0002071691-25-009329
**Filing Date:** 2025-12
**Character Count:** 19344
**Document Hash:** fbf76d770d31a196f0ac89551fbc1346
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009329.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009329

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN REAL ESTATE SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000912291

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08034
- **FILM NUMBER:** 251595228

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN REAL ESTATE SECURITIES FUND (Series ID: S000006874)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018606 | CLASS A       | FREEX           |
| C000018608 | CLASS C       | FRRSX           |
| C000018609 | ADVISOR CLASS | FRLAX           |
| C000128754 | Class R6      | FSERX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Franklin Real Estate Securities Trust

- **b. Investment Company Act file number:** 811-08034

- **c. CIK number of Registrant:** 0000912291

- **d. LEI of Registrant:** 549300UEVN6WUJV43N19

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Real Estate Securities Fund

- **b. EDGAR series identifier (if any):** S000006874

- **c. LEI of Series:** 549300F4DXBDO2L51J81

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $239522504.68

**Total Liabilities:** $330239.10

**Net Assets:** $239192265.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018609 | 2.45%                | 0.06%                | -1.55%               |
| Class ID C000018608 | 2.36%                | -0.00%               | -1.67%               |
| Class ID C000018606 | 2.45%                | 0.05%                | -1.64%               |
| Class ID C000128754 | 2.50%                | 0.09%                | -1.54%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $983763.78               | $4854793.76                                |
| Month 2  | $958539.58               | $-2176924.49                               |
| Month 3  | $-211991.18              | $-3773037.87                               |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBRE Group, Inc.                                         | CBRE Group, Inc., Class A                                | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     43831 | NS      | $6681159.33   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                                       | Agree Realty Corp.                                       | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34009 | NS      | $2482997.09   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                                | CubeSmart                                                | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88507 | NS      | $3334058.69   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties, Inc.                        | Equity LifeStyle Properties, Inc.                        | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     67948 | NS      | $4148225.40   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust, Inc.                               | Digital Realty Trust, Inc.                               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     69914 | NS      | $11914044.74  | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                                    | Camden Property Trust                                    | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     69882 | NS      | $6951861.36   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                    | American Homes 4 Rent, Class A                           | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    219160 | NS      | $6925456.00   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties, Inc.                               | EastGroup Properties, Inc.                               | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     26603 | NS      | $4643021.59   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                               | Simon Property Group, Inc.                               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     32075 | NS      | $5637502.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust, Inc.                  | Essential Properties Realty Trust, Inc.                  | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    109650 | NS      | $3276342.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co.                                         | Weyerhaeuser Co.                                         | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    208118 | NS      | $4786714.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                                    | Regency Centers Corp.                                    | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     80787 | NS      | $5570263.65   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                                             | Ventas, Inc.                                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    102748 | NS      | $7581774.92   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties, Inc.                                 | Cousins Properties, Inc.                                 | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    115061 | NS      | $2983531.73   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp.                              | InvenTrust Properties Corp.                              | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     68282 | NS      | $1870926.80   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                                      | Realty Income Corp.                                      | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |    190185 | NS      | $11026926.30  | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT, Inc.                        | Smartstop Self Storage REIT, Inc.                        | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     70207 | NS      | $2411610.45   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors, Inc.                           | Sunstone Hotel Investors, Inc.                           | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    200777 | NS      | $1776876.45   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group, Inc.                                      | Newmark Group, Inc., Class A                             | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67204 | NS      | $1198247.32   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.                      | First Industrial Realty Trust, Inc.                      | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82616 | NS      | $4567012.48   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp.                                          | NETSTREIT Corp.                                          | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |    245449 | NS      | $4570260.38   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                             | Sabra Health Care REIT, Inc.                             | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    145692 | NS      | $2596231.44   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.                          | Independence Realty Trust, Inc.                          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     98274 | NS      | $1565504.82   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle, Inc.                                       | Crown Castle, Inc.                                       | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    109999 | NS      | $9924109.78   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                                    | SL Green Realty Corp.                                    | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     32696 | NS      | $1678939.60   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower, Inc.                                          | Welltower, Inc.                                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    131476 | NS      | $23802415.04  | 9.95%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                              | AvalonBay Communities, Inc.                              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     49458 | NS      | $8601735.36   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co. (The)                                       | Macerich Co. (The)                                       | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    144172 | NS      | $2472549.80   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                           | Prologis, Inc.                                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    122891 | NS      | $15249544.19  | 6.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties, Inc.                       | Ryman Hospitality Properties, Inc.                       | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     38097 | NS      | $3311010.27   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP, Inc.                                                | BXP, Inc.                                                | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     47037 | NS      | $3348564.03   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.                               | Broadstone Net Lease, Inc.                               | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    150544 | NS      | $2697748.48   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                                    | STAG Industrial, Inc.                                    | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     65241 | NS      | $2496773.07   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                               | Highwoods Properties, Inc.                               | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     69730 | NS      | $1996369.90   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |   1045487 | NS      | $1045487.41   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.                           | American Healthcare REIT, Inc.                           | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     74914 | NS      | $3395102.48   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                                     | American Tower Corp.                                     | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     66681 | NS      | $11934565.38  | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                             | Brixmor Property Group, Inc.                             | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    242484 | NS      | $6343381.44   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain, Inc.                                      | Iron Mountain, Inc.                                      | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     73600 | NS      | $7577120.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage, Inc.                                | Extra Space Storage, Inc.                                | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55676 | NS      | $7434973.04   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GO Residential REIT                                      | GO Residential Real Estate Investment Trust              | CUSIP: 36272H107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     81942 | NS      | $938235.90    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                            | Equinix, Inc.                                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     19869 | NS      | $16809372.69  | 7.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Franklin Real Estate Securities Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer