# EDGAR Filing Document

**Accession Number:** 0001051562
**File Stem:** 0001752724-25-207517
**Filing Date:** 2025-8
**Character Count:** 27406
**Document Hash:** 538a58392bf90d291df43def30ccba06
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-207517.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001752724-25-207517

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRUDENTIAL INVESTMENT PORTFOLIOS 12
- **CENTRAL INDEX KEY:** 0001051562

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08565
- **FILM NUMBER:** 251261560

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077
- **BUSINESS PHONE:** (973) 802-5032

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FLOOR
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102-4077

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRUDENTIAL GLOBAL REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20100219

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DRYDEN GLOBAL REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20070111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STRATEGIC PARTNERS REAL ESTATE FUND
- **DATE OF NAME CHANGE:** 20050616

## Series and Classes Contracts Data

### PGIM US Real Estate Fund (Series ID: S000030621)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000094911 | Class A      | PJEAX           |
| C000094913 | Class C      | PJECX           |
| C000094914 | Class Z      | PJEZX           |
| C000187451 | Class R6     | PJEQX           |

## Nport-Ex

#### PGIM US Real Estate Fund

#### Schedule of Investments as of June 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 99.2%** | **Long-Term Investments 99.2%** | **Long-Term Investments 99.2%** |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Diversified REITs 2.6%** | **Diversified REITs 2.6%** | **Diversified REITs 2.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Essential Properties Realty Trust, Inc. | 116828 | &nbsp;&nbsp; $3727982 |
| **Health Care REITs 18.1%** | **Health Care REITs 18.1%** | **Health Care REITs 18.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;American Healthcare REIT, Inc. | 136943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5031286 |
| &nbsp;&nbsp;&nbsp;&nbsp;Global Medical REIT, Inc. | 196218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1359791 |
| &nbsp;&nbsp;&nbsp;&nbsp;Healthcare Realty Trust, Inc. | 134271 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2129538 |
| &nbsp;&nbsp;&nbsp;&nbsp;National Health Investors, Inc. | &nbsp;&nbsp;29779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2088103 |
| &nbsp;&nbsp;&nbsp;&nbsp;Welltower, Inc. | 101883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15662474 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26271192 |
| **Hotel & Resort REITs 2.2%** | **Hotel & Resort REITs 2.2%** | **Hotel & Resort REITs 2.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;15383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1517841 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sunstone Hotel Investors, Inc. | 196149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1702573 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3220414 |
| **Industrial REITs 11.4%** | **Industrial REITs 11.4%** | **Industrial REITs 11.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;First Industrial Realty Trust, Inc. | &nbsp;&nbsp;75820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3649217 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prologis, Inc. | &nbsp;&nbsp;95836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10074280 |
| &nbsp;&nbsp;&nbsp;&nbsp;STAG Industrial, Inc. | &nbsp;&nbsp;80304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2913429 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16636926 |
| **Office REITs 4.9%** | **Office REITs 4.9%** | **Office REITs 4.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;BXP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7997 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;539558 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hudson Pacific Properties, Inc.\* | 378399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1036813 |
| &nbsp;&nbsp;&nbsp;&nbsp;Piedmont Realty Trust, Inc. (Class A Stock) | 171452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1249885 |
| &nbsp;&nbsp;&nbsp;&nbsp;SL Green Realty Corp. | &nbsp;&nbsp;68745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4255315 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7081571 |
| **Residential REITs 12.7%** | **Residential REITs 12.7%** | **Residential REITs 12.7%** |
| &nbsp;&nbsp;&nbsp;&nbsp;American Homes 4 Rent (Class A Stock) | &nbsp;&nbsp;31420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1133320 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity Residential | &nbsp;&nbsp;70567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4762567 |
| &nbsp;&nbsp;&nbsp;&nbsp;Essex Property Trust, Inc. | &nbsp;&nbsp;27378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7758925 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mid-America Apartment Communities, Inc. | &nbsp;&nbsp;10039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1485872 |
| &nbsp;&nbsp;&nbsp;&nbsp;UDR, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398909 |
| &nbsp;&nbsp;&nbsp;&nbsp;Veris Residential, Inc. | 193039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2874351 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18413944 |
| **Retail REITs 16.1%** | **Retail REITs 16.1%** | **Retail REITs 16.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Agree Realty Corp. | &nbsp;&nbsp;87217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6372074 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brixmor Property Group, Inc. | 148505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3867070 |
| &nbsp;&nbsp;&nbsp;&nbsp;Curbline Properties Corp. | &nbsp;&nbsp;72703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1659810 |
| &nbsp;&nbsp;&nbsp;&nbsp;Macerich Co. (The) | &nbsp;&nbsp;26549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;429563 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corp. | &nbsp;&nbsp;13209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;760970 |
| &nbsp;&nbsp;&nbsp;&nbsp;Regency Centers Corp. | &nbsp;&nbsp;19915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1418545 |
| &nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group, Inc. | &nbsp;&nbsp;47465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7630473 |
| &nbsp;&nbsp;&nbsp;&nbsp;Urban Edge Properties | &nbsp;&nbsp;70672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1318740 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23457245 |
| **Specialized REITs 31.2%** | **Specialized REITs 31.2%** | **Specialized REITs 31.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, Inc. | &nbsp;&nbsp;58346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10171458 |
| &nbsp;&nbsp;&nbsp;&nbsp;EPR Properties | &nbsp;&nbsp;83012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4836279 |
| &nbsp;&nbsp;&nbsp;&nbsp;Equinix, Inc. | &nbsp;&nbsp;10633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8458233 |
| &nbsp;&nbsp;&nbsp;&nbsp;Extra Space Storage, Inc. | &nbsp;&nbsp;20454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3015738 |
| &nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain, Inc. | &nbsp;&nbsp;62219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6381803 |
| &nbsp;&nbsp;&nbsp;&nbsp;National Storage Affiliates Trust | &nbsp;&nbsp;62752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2007436 |

---

------

#### PGIM US Real Estate Fund

#### Schedule of Investments as of June 30, 2025 (unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Common Stocks (Continued)** | **Common Stocks (Continued)** | **Common Stocks (Continued)** |
| **Specialized REITs (cont'd.)** | **Specialized REITs (cont'd.)** | **Specialized REITs (cont'd.)** |
| &nbsp;&nbsp;&nbsp;&nbsp;Public Storage | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9215 | &nbsp;&nbsp; $2703865 |
| &nbsp;&nbsp;&nbsp;&nbsp;Smartstop Self Storage REIT, Inc. | &nbsp;&nbsp;&nbsp;144121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5221504 |
| &nbsp;&nbsp;&nbsp;&nbsp;VICI Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2594862 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45391178 |
| **Total Long-Term Investments<br> (cost $123,157,618)** | **Total Long-Term Investments<br> (cost $123,157,618)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144200452 |
| **Short-Term Investment 1.3%** | **Short-Term Investment 1.3%** | **Short-Term Investment 1.3%** |
| **Affiliated Mutual Fund** | **Affiliated Mutual Fund** | **Affiliated Mutual Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Government Money Market Fund (7-day effective yield 4.508%)<br> (cost $1,926,927)(wb) | 1926927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1926927 |
| **TOTAL INVESTMENTS 100.5%<br> (cost $125,084,545)** | **TOTAL INVESTMENTS 100.5%<br> (cost $125,084,545)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146127379 |
| Liabilities in excess of other assets (0.5)% | Liabilities in excess of other assets (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(671419) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$145455960 |

---

------

Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:

REITs—Real Estate Investment Trust

\* Non-income producing security. <br> (wb) Represents an investment in a Fund affiliated with the Manager.

Other information regarding the Fund is available in the Fund's most recent Report to Shareholders. This information is available on the Securities and Exchange Commission's website (www.sec.gov).

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Prudential Investment Portfolios 12

- **b. Investment Company Act file number:** 811-08565

- **c. CIK number of Registrant:** 0001051562

- **d. LEI of Registrant:** 549300TIDSYQDWW4LP02

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

  - **Street Address 1:** 655 Broad Street

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07102-4077

  - **Telephone number:** 1-800-225-1852

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

- **a. Name of Series:** PGIM US Real Estate Fund

- **b. EDGAR series identifier (if any):** S000030621

- **c. LEI of Series:** KYH24NEFT6I8UUX8CY03

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $146235904.53

**Total Liabilities:** $138472.90

**Net Assets:** $146097431.63

**Cash Not Reported:** $475494.22

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000187451 | -2.20%               | 2.52%                | 0.00%                |
| Class ID C000094914 | -2.19%               | 2.52%                | -0.06%               |
| Class ID C000094913 | -2.25%               | 2.47%                | -0.13%               |
| Class ID C000094911 | -2.19%               | 2.53%                | -0.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1015075.45             | $-1910287.91                               |
| Month 2  | $-775147.59              | $4066816.66                                |
| Month 3  | $144853.41               | $-831521.10                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Macerich Co/The                                  | Macerich Co/The                                  | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     25839 | NS      | $418075.02    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp                         | Curbline Properties Corp                         | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |     72703 | NS      | $1659809.49   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust                    | First Industrial Realty Trust Inc                | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75570 | NS      | $3637184.10   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| (PIPA070) PGIM Core Government Money Market Fund | (PIPA070) PGIM Core Government Money Market Fund | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1445931 | NS      | $1445931.43   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                         | Essex Property Trust Inc                         | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |     27378 | NS      | $7758925.20   | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                       | Brixmor Property Group Inc                       | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    148005 | NS      | $3854050.20   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                            | American Homes 4 Rent                            | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     31420 | NS      | $1133319.40   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                     | Sunstone Hotel Investors Inc                     | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    196149 | NS      | $1702573.32   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Medical REIT Inc                          | Global Medical REIT Inc                          | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |    196218 | NS      | $1359790.74   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit                   | Mid-America Apartment Communities Inc            | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      9830 | NS      | $1454938.30   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                               | Equity Residential                               | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     70389 | NS      | $4750553.61   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                     | American Healthcare REIT Inc                     | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |    136622 | NS      | $5019492.28   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                     | Prologis Inc                                     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     95607 | NS      | $10050207.84  | 6.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                    | Welltower Inc                                    | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    100947 | NS      | $15518582.31  | 10.62%            |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                              | VICI Properties Inc                              | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     79597 | NS      | $2594862.20   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                      | Healthcare Realty Trust Inc                      | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    134271 | NS      | $2129538.06   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc                    | Hudson Pacific Properties Inc                    | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    378399 | NS      | $1036813.26   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                      | Equinix Inc                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     10609 | NS      | $8439141.23   | 5.78%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                   | EPR Properties                                   | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     81648 | NS      | $4756812.48   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT In                   | Smartstop Self Storage REIT Inc                  | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |    143791 | NS      | $5209547.93   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                               | Realty Income Corp                               | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     13209 | NS      | $760970.49    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I                   | Ryman Hospitality Properties Inc                 | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     15383 | NS      | $1517840.61   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                          | UDR Inc                                          | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |      9770 | NS      | $398909.10    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                          | Extra Space Storage Inc                          | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20454 | NS      | $3015737.76   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr                   | Essential Properties Realty Trust Inc            | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    116828 | NS      | $3727981.48   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                             | SL Green Realty Corp                             | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     68570 | NS      | $4244483.00   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                            | Veris Residential Inc                            | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |    193039 | NS      | $2874350.71   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                          | BXP Inc                                          | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |      7797 | NS      | $526063.59    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc                    | National Health Investors Inc                    | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |     29779 | NS      | $2088103.48   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Tr                   | National Storage Affiliates Trust                | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |     62178 | NS      | $1989074.22   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                         | Simon Property Group Inc                         | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     47349 | NS      | $7611825.24   | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                         | Digital Realty Trust Inc                         | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     58207 | NS      | $10147226.31  | 6.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Realty Trust Inc                        | Piedmont Realty Trust Inc                        | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    171452 | NS      | $1249885.08   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                             | Regency Centers Corp                             | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     19915 | NS      | $1418545.45   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                | Iron Mountain Inc                                | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     62219 | NS      | $6381802.83   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                                | Agree Realty Corp                                | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87217 | NS      | $6372074.02   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                            | Urban Edge Properties                            | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70672 | NS      | $1318739.52   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                              | STAG Industrial Inc                              | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     80304 | NS      | $2913429.12   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                   | Public Storage                                   | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      9215 | NS      | $2703865.30   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Prudential Investment Portfolios 12

**Signature:** Christian J. Kelly

**Name of Signer:** Christian J. Kelly

**Title:** Chief Financial Officer