Agree Realty Corp.

NPORT-P false 0000912291 XXXXXXXX S000006874 C000018606 C000018608 C000018609 C000128754 Franklin Real Estate Securities Trust 811-08034 0000912291 549300UEVN6WUJV43N19 One Franklin Parkway San Mateo 94403-1906 650-312-2000 Franklin Real Estate Securities Fund S000006874 549300F4DXBDO2L51J81 2027-04-30 2026-07-31 N 244148296.67 364445.22 243783851.45 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Agree Realty Corp. N/A Agree Realty Corp. 008492100 36017.00000000 NS USD 2802122.60000000 1.149429128850 Long EC CORP US N 1 N N N American Homes 4 Rent 549300ZJUO7A58PNUW40 American Homes 4 Rent, Class A 02665T306 197770.00000000 NS USD 6609473.40000000 2.711202305110 Long EC CORP US N 1 N N N American Tower Corp. 5493006ORUSIL88JOE18 American Tower Corp. 03027X100 92160.00000000 NS USD 15976857.60000000 6.553698083351 Long EC CORP US N 1 N N N AvalonBay Communities, Inc. 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N/A Extra Space Storage, Inc. 30225T102 39659.00000000 NS USD 5871118.36000000 2.408329479200 Long EC CORP US N 1 N N N Federal Realty Investment Trust 549300FHEI1SLVZ0RB48 Federal Realty Investment Trust 313745101 21566.00000000 NS USD 2676124.94000000 1.097744958939 Long EC CORP US N 1 N N N First Industrial Realty Trust, Inc. N/A First Industrial Realty Trust, Inc. 32054K103 53662.00000000 NS USD 3533106.08000000 1.449278144957 Long EC CORP US N 1 N N N Healthpeak Properties, Inc. 254900M6MTMZM0I22L81 Healthpeak Properties, Inc. 42250P103 168194.00000000 NS USD 3671675.02000000 1.506119046918 Long EC CORP US N 1 N N N Highwoods Properties, Inc. ZIIGTYKL9T0X3HLTDX53 Highwoods Properties, Inc. 431284108 54111.00000000 NS USD 1792697.43000000 0.735363486685 Long EC CORP US N 1 N N N Independence Realty Trust, Inc. 549300Z3L8NU44NQEB29 Independence Realty Trust, Inc. 45378A106 122070.00000000 NS USD 2030024.10000000 0.832714754453 Long EC CORP US N 1 N N N Franklin Institutional U.S. Government Money Market Fund 549300M4TP89K77LG374 Franklin Institutional U.S. Government Money Market Fund 457756500 3162975.32100000 NS USD 3162975.32000000 1.297450713485 Long STIV RF US N 1 N N N InvenTrust Properties Corp. 5493006BQYSOBYVUFA03 InvenTrust Properties Corp. 46124J201 61611.00000000 NS USD 2181645.51000000 0.894909772334 Long EC CORP US N 1 N N N Iron Mountain, Inc. SQL3F6CKNNBM3SQGHX24 Iron Mountain, Inc. 46284V101 59630.00000000 NS USD 7293941.60000000 2.991970779285 Long EC CORP US N 1 N N N Janus Living, Inc. 2549003JCIOFKGHO7313 Janus Living, Inc., Class 1 471024109 71005.00000000 NS USD 2145061.05000000 0.879902847231 Long EC CORP US N 1 N N N Macerich Co. (The) 529900PSWCB5KI0JYU46 Macerich Co. (The) 554382101 123470.00000000 NS USD 3190464.80000000 1.308726882860 Long EC CORP US N 1 N N N NETSTREIT Corp. 254900CJL0EDMEQ25Q84 NETSTREIT Corp. 64119V303 221495.00000000 NS USD 4751067.75000000 1.948885343201 Long EC CORP US N 1 N N N Prologis, Inc. 529900DFH19P073LZ636 Prologis, Inc. 74340W103 122688.00000000 NS USD 17741911.68000000 7.277722283273 Long EC CORP US N 1 N N N Realty Income Corp. 549300CUWDAUZSH43859 Realty Income Corp. 756109104 171623.00000000 NS USD 10961561.01000000 4.496426217241 Long EC CORP US N 1 N N N Regency Centers Corp. 529900053A7X7FJ97S58 Regency Centers Corp. 758849103 42202.00000000 NS USD 3388398.58000000 1.389919209105 Long EC CORP US N 1 N N N Ryman Hospitality Properties, Inc. 529900GCCWW9SRMPJR11 Ryman Hospitality Properties, Inc. 78377T107 27775.00000000 NS USD 3712128.75000000 1.522713144418 Long EC CORP US N 1 N N N SBA Communications Corp. 5299001HX8ZN8Y8QIT49 SBA Communications Corp., Class A 78410G104 8075.00000000 NS USD 1461413.50000000 0.599471003229 Long EC CORP US N 1 N N N SL Green Realty Corp. 549300VQZPJU97H3GT17 SL Green Realty Corp. 78440X887 29498.00000000 NS USD 1561329.14000000 0.640456343073 Long EC CORP US N 1 N N N Sabra Health Care REIT, Inc. 549300E3BC7GU7TAZ621 Sabra Health Care REIT, Inc. 78573L106 160901.00000000 NS USD 3406274.17000000 1.397251766160 Long EC CORP US N 1 N N N Simon Property Group, Inc. 529900GQL5X8H7AO3T64 Simon Property Group, Inc. 828806109 36193.00000000 NS USD 8301588.41000000 3.405306939168 Long EC CORP US N 1 N N N Smartstop Self Storage REIT, Inc. 549300EC266625K12S42 Smartstop Self Storage REIT, Inc. 83192D402 51928.00000000 NS USD 1741665.12000000 0.714430061565 Long EC CORP US N 1 N N N STAG Industrial, Inc. 549300QWYX2W6FASVQ07 STAG Industrial, Inc. 85254J102 74701.00000000 NS USD 2858060.26000000 1.172374725807 Long EC CORP US N 1 N N N Ventas, Inc. ORQTRC074CWLT3DKHT41 Ventas, Inc. 92276F100 92714.00000000 NS USD 8669686.14000000 3.556300422867 Long EC CORP US N 1 N N N Welltower, Inc. 254900F33BIAR82QTA19 Welltower, Inc. 95040Q104 120449.00000000 NS USD 28238063.56000000 11.58323793477 Long EC CORP US N 1 N N N Weyerhaeuser Co. 08IRJODWFYBI7QWRGS31 Weyerhaeuser Co. 962166104 96237.00000000 NS USD 2408812.11000000 0.988093385050 Long EC CORP US N 1 N N N 2026-08-31 Franklin Real Estate Securities Trust Monica Krogh Monica Krogh Assistant Treasurer XXXX