# EDGAR Filing Document

**Accession Number:** 0001896329
**File Stem:** 0001896329-25-000043
**Filing Date:** 2025-8
**Character Count:** 40998
**Document Hash:** ffd7a79b72a0aa374fcb5abd0f93bcad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001896329-25-000043.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001896329-25-000043

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PIMCO Flexible Real Estate Income Fund
- **CENTRAL INDEX KEY:** 0001896329

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23779
- **FILM NUMBER:** 251277545

**BUSINESS ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660
- **BUSINESS PHONE:** (888) 877-4626

**MAIL ADDRESS:**
- **STREET 1:** 650 NEWPORT CENTER DRIVE
- **CITY:** NEWPORT BEACH
- **STATE:** CA
- **ZIP:** 92660

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PIMCO Flexible Real Estate Income Fund

- **b. Investment Company Act file number:** 811-23779

- **c. CIK number of Registrant:** 0001896329

- **d. LEI of Registrant:** 549300SFL5R6AT4FZ471

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

  - **Street Address 1:** 650 Newport Center Drive

  - **City:** Newport Beach

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92660

  - **Telephone number:** (844) 312-2113

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

- **a. Name of Series:** N/A

- **c. LEI of Series:** N/A

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $438501398.81

**Total Liabilities:** $61132597.45

**Net Assets:** $377368801.36

**Cash Not Reported:** $9135343.42

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 7397.827400 | **1-Year:** 2387.606100 | **5-Year:** 645.140600 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 25832.707900 | **1-Year:** 23907.848700 | **5-Year:** 49565.563300 | **10-Year:** 10045.464300 | **30-Year:** 42.295500

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.23%                | 0.55%                | 0.88%                |
| Class ID N/A | 0.23%                | 0.55%                | 0.88%                |
| Class ID N/A | 0.29%                | 0.61%                | 0.94%                |
| Class ID N/A | 0.29%                | 0.61%                | 0.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $245052.86               | $-962158.66                                |
| Month 2  | $378572.10               | $10264808.15                               |
| Month 3  | $243091.07               | $-9038748.49                               |

**Designated Index Information**

- **Index Name:** Fund Securities Portfolio

- **Index Identifier:** 0

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| STWD 2021-HTS MORTGAGE TRUST 2021-HTS                          | STARWOOD COMMERCIAL MORTGAGE T STWD 2021 HTS E 144A       | CUSIP: 78486DAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3884750.40   | 1.03%             | 2034-04-15      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| N/A                                                            | SOLD CAD BOUGHT USD 20250702                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-45053.66    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| FREDDIE MAC REMICS 5429                                        | FREDDIE MAC FHR 5429 FA                                   | CUSIP: 3137HDSR2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7669400 | PA      | $7669349.28   | 2.03%             | 2054-07-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8 | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 C 144A     | CUSIP: 46649JAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1645570 | PA      | $1584323.00   | 0.42%             | 2035-02-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                             | TREASURY BILL 09/25 0.00000                               | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2300000 | PA      | $2280525.90   | 0.60%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NOVASTAR HOME EQUITY LOAN 2006-3                               | NOVASTAR HOME EQUITY LOAN NHEL 2006 3 A2C                 | CUSIP: 66988WAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    599759 | PA      | $272444.69    | 0.07%             | 2036-10-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIXIS COMMERCIAL MORTGAGE SECURITIES TRUST 2022-RRI          | NATIXIS COMMERCIAL MORTGAGE SE NCMS 2022 RRI E 144A       | CUSIP: 63875JAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    607500 | PA      | $606509.17    | 0.16%             | 2035-03-15      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2006-QO6                            | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QO6 A2           | CUSIP: 75114NAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4496586 | PA      | $997194.73    | 0.26%             | 2046-06-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| GREENPOINT MTGE FUNDING TR 2005-AR4                            | GREENPOINT MORTGAGE FUNDING TR GPMF 2005 AR4 4A2          | CUSIP: 39538WCA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    276974 | PA      | $237018.90    | 0.06%             | 2045-10-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| ATAM HOSPITALITY                                               | EXR BRIDGE LENDING 2025 SUGAR LAND TX DDTL                | CUSIP: BA000LSV2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7040000 | PA      | $7039206.59   | 1.87%             | 2030-05-04      | Floating      | 7.48%                 | No            |                  3 | On Loan: No      |
| JP MORGAN MTGE ACQUIS CORP 2006-WF1                            | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 WF1 A6          | CUSIP: 46628SAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2037612 | PA      | $545363.56    | 0.14%             | 2036-07-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| SREIT                                                          | PROJECT SUMMIT TERM LOAN                                  | CUSIP: 948DBQII0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  14512527 | PA      | $14251301.03  | 3.78%             | 2026-05-09      | Floating      | 6.06%                 | No            |                  3 | On Loan: No      |
| ALTERNATIVE LOAN TRUST 2007-20                                 | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2007 20 A12          | CUSIP: 02151LAM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3191329 | PA      | $1724927.77   | 0.46%             | 2047-08-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALIGNED DATA CENTERS INTERNATIONAL LP                          | ALIGNED DATA CENTERS INTNL LP 2024 DELAYED DRAW TERM LOAN | CUSIP: BA000K3P4<br>LEI: 2549007PAQ06QVDCLR50 | Long             | LON              | CORP              | US        |  10292540 | PA      | $10294919.86  | 2.73%             | 2029-12-18      | Floating      | 2.05%                 | No            |                  3 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2006-HE8                          | MORGAN STANLEY CAPITAL INC MSAC 2006 HE8 A2C              | CUSIP: 61750SAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1634984 | PA      | $713494.62    | 0.19%             | 2036-10-25      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2006-AR5                         | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2006 AR5 2A2A         | CUSIP: 17309FAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2791674 | PA      | $1558672.12   | 0.41%             | 2036-07-25      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                             | TREASURY BILL 10/25 0.00000                               | CUSIP: 912797RC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3700000 | PA      | $3654764.95   | 0.97%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PIF CREDIT FACILITY                                            | RTL FINANCING LOC   BARCLAY S   PIF002491                 | CUSIP: 955PNU009<br>LEI: N/A                  | Short            | LON              | CORP              | US        | -23400000 | PA      | $-23400000.00 | -6.20%            | 2026-03-28      | Floating      | -6.12%                | No            |                  2 | On Loan: No      |
| EXR BRIDGE LENDING SCOTTSDALE                                  | EXR BRIDGE LENDING 2024 SCOTTSDALE SR DDTL                | CUSIP: BA0006QH8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  25480000 | PA      | $25329668.00  | 6.71%             | 2029-06-30      | Floating      | 7.81%                 | Yes           |                  3 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2007-QS7                            | RESIDENTIAL ACCREDIT LOANS, IN RALI 2007 QS7 1A1          | CUSIP: 74923WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5274743 | PA      | $4410022.79   | 1.17%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| RF RL HOLDINGS TRUST 2024-1                                    | RF RL HOLDINGS TRUST RFLX 2024 1 A 144A                   | CUSIP: 74983QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  66467926 | PA      | $66564863.04  | 17.64%            | 2055-01-28      | Fixed         | 9.25%                 | No            |                  3 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-HTL5 | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 HTL5 E 144A     | CUSIP: 46654PAN6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $2361697.92   | 0.63%             | 2038-11-15      | Floating      | 8.09%                 | No            |                  2 | On Loan: No      |
| GSR MORTGAGE LOAN TRUST 2006-6F                                | GSR MORTGAGE LOAN TRUST GSR 2006 6F 3A1                   | CUSIP: 36298BAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14037218 | PA      | $6425814.65   | 1.70%             | 2036-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MUTUAL MTGE P/T 2006-AR6                            | WASHINGTON MUTUAL MORTGAGE PAS WMALT 2006 AR6 2A          | CUSIP: 93935FAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2443706 | PA      | $1398925.06   | 0.37%             | 2046-08-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                             | TREASURY BILL 09/25 0.00000                               | CUSIP: 912797QU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4300000 | PA      | $4261003.77   | 1.13%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MASTR ADJ RATE MTGE TRUST 2007-HF2                             | MASTR ADJUSTABLE RATE MORTGAGE MARM 2007 HF2 A2           | CUSIP: 57645TAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4510526 | PA      | $1805252.78   | 0.48%             | 2037-09-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-GW 2018-GW                                       | BX TRUST BX 2018 GW F 144A                                | CUSIP: 12433UAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6981000 | PA      | $6898128.55   | 1.83%             | 2035-05-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                   | FANNIE MAE   CAS CAS 2021 R01 1B2 144A                    | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $313463.28    | 0.08%             | 2041-10-25      | Floating      | 10.31%                | No            |                  2 | On Loan: No      |
| UNITED STATES GOVT                                             | TREASURY BILL 09/25 0.00000                               | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $396931.46    | 0.11%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA6                        | FREDDIE MAC   STACR STACR 2021 DNA6 B2 144A               | CUSIP: 35564KLV9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1700000 | PA      | $1807644.17   | 0.48%             | 2041-10-25      | Floating      | 11.81%                | No            |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST 2021-DNA7                        | FREDDIE MAC   STACR STACR 2021 DNA7 B2 144A               | CUSIP: 35564KNE5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1605974.40   | 0.43%             | 2041-11-25      | Floating      | 12.11%                | No            |                  2 | On Loan: No      |
| LEHMAN MORTGAGE TRUST 2007-9                                   | LEHMAN MORTGAGE TRUST LMT 2007 9 2A2                      | CUSIP: 52522XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5739669 | PA      | $1393995.17   | 0.37%             | 2037-10-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AG TRUST 2024-NLP                                              | AG TRUST AG 2024 NLP XCP 144A                             | CUSIP: 00792MAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  67040000 | PA      | $799529.10    | 0.21%             | 2026-08-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| BX-2021-SDMF                                                   | BX TRUST BX 2021 SDMF F 144A                              | CUSIP: 12434CAQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9419205 | PA      | $9309586.65   | 2.47%             | 2034-09-15      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| INDYMAC RESIDENTIAL ASSET BACKED 2007-A                        | INDYMAC RESIDENTIAL ASSET BACK INABS 2007 A 2A4B          | CUSIP: 43710BAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $4014803.00   | 1.06%             | 2037-04-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| GID                                                            | BRIDGE I 5 SEATTLE GID DELAYED DRAW TERM LOAN             | CUSIP: BA000HV13<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  26750000 | PA      | $26696388.99  | 7.07%             | 2029-08-31      | Floating      | 3.50%                 | No            |                  3 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-IRON                         | BX TRUST BX 2021 IRON E 144A                              | CUSIP: 05608JAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3762845 | PA      | $3627462.19   | 0.96%             | 2038-02-15      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| SMRT 2022-MINI                                                 | SMRT SMRT 2022 MINI D 144A                                | CUSIP: 78457JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4450000 | PA      | $4393313.68   | 1.16%             | 2039-01-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| LUX 2023-LION                                                  | LUX 2023 LION LUX 2023 LION C 144A                        | CUSIP: 55067LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2860000 | PA      | $2852300.88   | 0.76%             | 2040-08-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-HTL5 | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 HTL5 D 144A     | CUSIP: 46654PAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    387000 | PA      | $382134.29    | 0.10%             | 2038-11-15      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO MTGE BACKED SEC TR 2005-AR7                        | WELLS FARGO MORTGAGE BACKED SE WFMBS 2005 AR7 B1          | CUSIP: 94982PAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1644982 | PA      | $1353808.67   | 0.36%             | 2035-05-25      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| COUNTRYWIDE ALTERNATIVE LN TR 2006-7CB                         | COUNTRYWIDE ALTERNATIVE LOAN T CWALT 2006 7CB 1A7         | CUSIP: 12668BXY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1932523 | PA      | $798248.14    | 0.21%             | 2036-05-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| HARBOR CAPITAL LLC                                             | HC HUMBLE 1 LLC TERM LOAN                                 | CUSIP: BA000CLP2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12262450 | PA      | $12218305.18  | 3.24%             | 2026-12-12      | Fixed         | 9.00%                 | No            |                  3 | On Loan: No      |
| BOX EQUITIES                                                   | 1 RESEARCH PARK DR REALBX919                              | CUSIP: 955ZQTII9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7167529 | PA      | $7167528.99   | 1.90%             | 2099-12-31      | None          | 0.00%                 | Yes           |                  3 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-IRON                         | BX TRUST BX 2021 IRON D 144A                              | CUSIP: 05608JAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5644267 | PA      | $5494696.43   | 1.46%             | 2038-02-15      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| CORINTHINA CAPITAL PARTNERS                                    | AVIARA LAKE WORTH REAL029P6                               | CUSIP: 957HZZII3<br>LEI: N/A                  | Long             | RE               | CORP              | US        |   6274619 | OU      | $6274619.06   | 1.66%             |  |  |  | Yes           |                  3 | On Loan: No      |
| UNITED STATES GOVT                                             | TREASURY BILL 10/25 0.00000                               | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2960853.66   | 0.78%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-LP2                          | BX TRUST BX 2022 LP2 G 144A                               | CUSIP: 05610HAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70000 | PA      | $69953.88     | 0.02%             | 2039-02-15      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS HOTEL TRUST 2019-HNLA                              | NEW ORLEANS HOTEL TRUST NOHT 2019 HNLA C 144A             | CUSIP: 647622AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4800000 | PA      | $4676412.48   | 1.24%             | 2032-04-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| CENTENNIAL AMERICAN PROPERTIES LLC                             | EXR BRIDGE LENDING 2024 BROWNSVILLE DDTL                  | CUSIP: BA00094V5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9200000 | PA      | $9071174.98   | 2.40%             | 2029-08-05      | Floating      | 7.79%                 | No            |                  3 | On Loan: No      |
| GREENPOINT MTGE FUNDING TR 2005-AR4                            | GREENPOINT MORTGAGE FUNDING TR GPMF 2005 AR4 3A1          | CUSIP: 39538WBW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6837222 | PA      | $5407624.23   | 1.43%             | 2045-10-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-AHP                          | BX TRUST BX 2022 AHP E 144A                               | CUSIP: 05610FAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175000 | PA      | $171097.24    | 0.05%             | 2039-01-17      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY ABS CAPITAL I 2006-HE8                          | MORGAN STANLEY CAPITAL INC MSAC 2006 HE8 A2B              | CUSIP: 61750SAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6696913 | PA      | $2922347.47   | 0.77%             | 2036-10-25      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2021-HTL5 | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2021 HTL5 F 144A     | CUSIP: 46654PAQ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3421000 | PA      | $3350504.14   | 0.89%             | 2038-11-15      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| CSMC 2022-RPL1 TRUST                                           | CREDIT SUISSE MORTGAGE TRUST CSMC 2022 RPL1 B1A 144A      | CUSIP: 12661QAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    492708 | PA      | $314216.78    | 0.08%             | 2061-04-25      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| PURE INDUSTRIAL REAL ESTATE TRUST                              | PURE INDUSTRIAL MTV2 CAD TERM LOAN                        | CUSIP: BA0002R11<br>LEI: 549300PFFODDJTXXMD95 | Long             | LON              | CORP              | CA        |  21303990 | PA      | $15061025.06  | 3.99%             | 2025-07-15      | Floating      | 7.14%                 | No            |                  3 | On Loan: No      |
| LEHMAN MORTGAGE TRUST 2007-10                                  | LEHMAN MORTGAGE TRUST LMT 2007 10 3A1                     | CUSIP: 52522QAM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9831402 | PA      | $2337591.84   | 0.62%             | 2037-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NOMURA ASSET ACCEPTANCE CORP 2006-WF1                          | NOMURA ASSET ACCEPTANCE CORPOR NAA 2006 WF1 A2            | CUSIP: 65537BAB6<br>LEI: N0RUIPD25XQCBR0TK507 | Long             | ABS-MBS          | CORP              | US        |   2082748 | PA      | $550704.50    | 0.15%             | 2036-06-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST 2021-ESH                           | EXTENDED STAY AMERICA TRUST ESA 2021 ESH F 144A           | CUSIP: 30227FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8148414 | PA      | $8162399.47   | 2.16%             | 2038-07-15      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| WSTN TRUST 2023-MAUI                                           | WSTN TRUST WSTN 2023 MAUI E 144A                          | CUSIP: 92943AAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3043287.00   | 0.81%             | 2037-07-05      | Variable      | 10.17%                | No            |                  2 | On Loan: No      |
| MERRILL LYNCH MORTGAGE INVS 2006-HE6                           | MERRILL LYNCH MORTGAGE INVESTO MLMI 2006 HE6 A2C          | CUSIP: 59023XAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2618476 | PA      | $822159.63    | 0.22%             | 2037-11-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-GW 2018-GW                                       | BX TRUST BX 2018 GW D 144A                                | CUSIP: 12433UAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2989514.70   | 0.79%             | 2035-05-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| MHC COMMERCIAL MORTGAGE TRUST 2021 MHC2                        | MHC COMMERCIAL MORTGAGE TRUST MHC 2021 MHC2 F 144A        | CUSIP: 55293AAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $800415.12    | 0.21%             | 2038-05-15      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MTAGE PASSTHRU CERT 2005-C6                         | COMM MORTGAGE TRUST COMM 2005 C6 G 144A                   | CUSIP: 126171AS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107644 | PA      | $99992.04     | 0.03%             | 2044-06-10      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| FEDEX BINGHAMTON                                               | FEDEX BINGHAMTON TERM LOAN                                | CUSIP: BA0001BZ5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  15000000 | PA      | $15022500.00  | 3.98%             | 2026-11-09      | Floating      | 7.21%                 | Yes           |                  3 | On Loan: No      |
| CITIGROUP/DEUTSCHE BK COMM MTGE 2006-CD3                       | CD COMMERCIAL MORTGAGE TRUST CD 2006 CD3 AJ               | CUSIP: 14986DAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3833454 | PA      | $3609078.75   | 0.96%             | 2048-10-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| BX-2021-SDMF                                                   | BX TRUST BX 2021 SDMF D 144A                              | CUSIP: 12434CAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2684474 | PA      | $2659585.81   | 0.70%             | 2034-09-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| N/A                                                            | SOLD CAD BOUGHT USD 20250702                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $-155126.78   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA ASSET ACCEPTANCE CORP 2006-AR2                          | NOMURA ASSET ACCEPTANCE CORPOR NAA 2006 AR2 3A1           | CUSIP: 65535VUS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10518484 | PA      | $2156018.80   | 0.57%             | 2036-04-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-2              | FREDDIE MAC   SCRT SCRT 2021 2 BXS 144A                   | CUSIP: 35563P4Q9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11038293 | PA      | $8143102.21   | 2.16%             | 2060-11-25      | Variable      | 14.99%                | No            |                  2 | On Loan: No      |
| STWD 2021-HTS MORTGAGE TRUST 2021-HTS                          | STARWOOD COMMERCIAL MORTGAGE T STWD 2021 HTS D 144A       | CUSIP: 78486DAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $985077.10    | 0.26%             | 2034-04-15      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| GREENPOINT MTGE FUNDING TR 2005-AR4                            | GREENPOINT MORTGAGE FUNDING TR GPMF 2005 AR4 2A1          | CUSIP: 39538WBU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8498881 | PA      | $5591231.32   | 1.48%             | 2045-10-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I-2005-HQ7                              | MORGAN STANLEY CAPITAL I TRUST MSC 2005 HQ7 E             | CUSIP: 617451BW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     17767 | PA      | $17485.13     | 0.00%             | 2042-11-14      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| SODO HOUSE                                                     | SODO HOUSE FIXED TERM LOAN                                | CUSIP: BA00047Q4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7782300 | PA      | $7782299.84   | 2.06%             | 2025-10-04      | Fixed         | 11.99%                | No            |                  3 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2015-3                           | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2015 3 1A3 144A       | CUSIP: 17323LAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9031028 | PA      | $8080614.24   | 2.14%             | 2036-03-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MTGE ACQUIS CORP 2006-WF1                            | JP MORGAN MORTGAGE ACQUISITION JPMAC 2006 WF1 A5          | CUSIP: 46628SAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    549020 | PA      | $146763.53    | 0.04%             | 2036-07-25      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST 2019-B12                              | BENCHMARK MORTGAGE TRUST BMARK 2019 B12 TCB 144A          | CUSIP: 08162FAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1807000 | PA      | $1766075.79   | 0.47%             | 2052-08-15      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| N/A                                                            | BOUGHT CAD SOLD USD 20250702                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $215.90       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | BOUGHT CAD SOLD USD 20250702                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              |  | CA        |         1 | NC      | $465.99       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RESIDENTIAL ACCREDIT LOANS 2006-QO6                            | RESIDENTIAL ACCREDIT LOANS, IN RALI 2006 QO6 A1           | CUSIP: 75114NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6065560 | PA      | $1314167.89   | 0.35%             | 2046-06-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION 2024-H06              | GOVERNMENT NATIONAL MORTGAGE A GNR 2024 H06 FA            | CUSIP: 38383KUP5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5166069 | PA      | $5126790.53   | 1.36%             | 2074-04-20      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-ASH8 | JP MORGAN CHASE COMMERCIAL MOR JPMCC 2018 ASH8 D 144A     | CUSIP: 46649JAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2468354 | PA      | $2339532.50   | 0.62%             | 2035-02-15      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| LUXE AND LEGENDS                                               | LUXE AND LEGENDS REAL0B992                                | CUSIP: 955KREII4<br>LEI: N/A                  | Long             | RE               | CORP              | US        |  10146400 | OU      | $10146400.00  | 2.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST 2019-B12                              | BENCHMARK MORTGAGE TRUST BMARK 2019 B12 TCA 144A          | CUSIP: 08162FAY9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3147000 | PA      | $3091090.08   | 0.82%             | 2052-08-15      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-GW 2018-GW                                       | BX TRUST BX 2018 GW E 144A                                | CUSIP: 12433UAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $296588.07    | 0.08%             | 2035-05-15      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| ARROWMARK COLORADO HOLDINGS LLC (AKA: ARROWPOINT PARTNERS)     | WASTE MNGNT INDSTIAL PORTFOLIO DELAYED DRAW TERM LOAN     | CUSIP: BA0005724<br>LEI: IF16UMXNLJ3CKISVCS83 | Long             | LON              | CORP              | US        |  10134186 | PA      | $10140817.64  | 2.69%             | 2029-07-07      | None          | 7.68%                 | Yes           |                  3 | On Loan: No      |
| FREDDIE MAC STACR TRUST 2022-DNA1                              | FREDDIE MAC   STACR STACR 2022 DNA1 B2 144A               | CUSIP: 35564KQZ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2134591.20   | 0.57%             | 2042-01-25      | Floating      | 11.41%                | No            |                  2 | On Loan: No      |
| RENAISSANCE HOME EQUITY LOAN TR 2007-1                         | RENAISSANCE HOME EQUITY LOAN T RAMC 2007 1 AF5            | CUSIP: 75970JAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9702301 | PA      | $2372155.24   | 0.63%             | 2037-04-25      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| JP MORGAN ALTERNATIVE LN TRUST 2007-A2                         | J.P. MORGAN ALTERNATIVE LOAN T JPALT 2007 A2 12A1         | CUSIP: 466278AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4849117 | PA      | $1807688.63   | 0.48%             | 2037-06-25      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** PIMCO Flexible Real Estate Income Fund

**Signature:** /s/ Bijal Parikh

**Name of Signer:** Bijal Parikh

**Title:** Treasurer