# EDGAR Filing Document

**Accession Number:** 0000912291
**File Stem:** 0002071691-25-001633
**Filing Date:** 2025-9
**Character Count:** 19529
**Document Hash:** 195a671e1566a5b350133cdd07414901
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001633.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0002071691-25-001633

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**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:** 251333227

**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:** 2025-07-31

**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:** $247523721.34

**Total Liabilities:** $341774.72

**Net Assets:** $247181946.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018609 | 0.99%                | -0.14%               | -1.10%               |
| Class ID C000018608 | 0.91%                | -0.26%               | -1.17%               |
| Class ID C000018606 | 0.95%                | -0.14%               | -1.12%               |
| Class ID C000128754 | 1.04%                | -0.12%               | -1.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $714045.13               | $1612333.96                                |
| Month 2  | $-2108661.01             | $457666.34                                 |
| Month 3  | $764578.44               | $-3652735.95                               |

### 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        |     39476 | NS      | $6147992.24   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                                     | Agree Realty Corp.                                     | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52523 | NS      | $3765899.10   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                              | CubeSmart                                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106830 | NS      | $4156755.30   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties, Inc.                      | Equity LifeStyle Properties, Inc.                      | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     80813 | NS      | $4842314.96   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.                             | Essex Property Trust, Inc.                             | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      4484 | NS      | $1166647.12   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                               | SBA Communications Corp., Class A                      | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     21907 | NS      | $4922941.04   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust, Inc.                             | Digital Realty Trust, Inc.                             | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     64878 | NS      | $11447074.32  | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                                  | Camden Property Trust                                  | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     58830 | NS      | $6424236.00   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                  | American Homes 4 Rent, Class A                         | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    219590 | NS      | $7617577.10   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                              | Curbline Properties Corp.                              | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |     90193 | NS      | $1993265.30   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties, Inc.                             | EastGroup Properties, Inc.                             | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     23957 | NS      | $3910740.68   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                             | Simon Property Group, Inc.                             | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     25969 | NS      | $4253462.51   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust, Inc.                | Essential Properties Realty Trust, Inc.                | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    113427 | NS      | $3458389.23   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR, Inc.                                              | UDR, Inc.                                              | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     76264 | NS      | $2996412.56   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co.                                       | Weyerhaeuser Co.                                       | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |    215281 | NS      | $5392789.05   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp.                                  | Regency Centers Corp.                                  | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     83568 | NS      | $5966755.20   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                                           | Ventas, Inc.                                           | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    124902 | NS      | $8390916.36   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties, Inc.                               | Cousins Properties, Inc.                               | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    119024 | NS      | $3225550.40   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                                    | Realty Income Corp.                                    | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |    196731 | NS      | $11042511.03  | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT, Inc.                      | Smartstop Self Storage REIT, Inc.                      | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     38093 | NS      | $1290590.84   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors, Inc.                         | Sunstone Hotel Investors, Inc.                         | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |    142565 | NS      | $1247443.75   | 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        |     72017 | NS      | $3508668.24   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp.                                        | NETSTREIT Corp.                                        | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |    253898 | NS      | $4628560.54   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                           | Sabra Health Care REIT, Inc.                           | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    183302 | NS      | $3304935.06   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.                        | Independence Realty Trust, Inc.                        | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    101658 | NS      | $1704804.66   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle, Inc.                                     | Crown Castle, Inc.                                     | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     26985 | NS      | $2835853.65   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower, Inc.                                        | Welltower, Inc.                                        | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |    151680 | NS      | $25037817.60  | 10.13%            |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                            | AvalonBay Communities, Inc.                            | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     45622 | NS      | $8498466.16   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust, Inc.                           | Americold Realty Trust, Inc.                           | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |     71327 | NS      | $1146938.16   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co. (The)                                     | Macerich Co. (The)                                     | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    111311 | NS      | $1860006.81   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                         | Prologis, Inc.                                         | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    122282 | NS      | $13057271.96  | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties, Inc.                     | Ryman Hospitality Properties, Inc.                     | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     33287 | NS      | $3164262.22   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP, Inc.                                              | BXP, Inc.                                              | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     40431 | NS      | $2645400.33   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                                   | Vornado Realty Trust                                   | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35133 | NS      | $1349809.86   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.                             | Broadstone Net Lease, Inc.                             | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    141273 | NS      | $2294273.52   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio | Institutional Fiduciary Trust - Money Market Portfolio | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |   2626910 | NS      | $2626909.57   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.                         | American Healthcare REIT, Inc.                         | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     98117 | NS      | $3791240.88   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                                   | American Tower Corp.                                   | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    108183 | NS      | $22544255.37  | 9.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                           | Brixmor Property Group, Inc.                           | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    227961 | NS      | $5956620.93   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain, Inc.                                    | Iron Mountain, Inc.                                    | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     76134 | NS      | $7412406.24   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage, Inc.                              | Extra Space Storage, Inc.                              | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74870 | NS      | $10059533.20  | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GO Residential REIT                                    | GO Residential Real Estate Investment Trust            | CUSIP: 36272H107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     84763 | NS      | $1144300.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                          | Equinix, Inc.                                          | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     20965 | NS      | $16461089.05  | 6.66%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer