PGIM Real Estate Income Fund
Schedule of Investments as of January 31, 2024 (unaudited)
Description | Shares | Value | |||
Long-Term Investments 99.7% | |||||
Common Stocks 79.5% | |||||
Diversified REITs 6.1% | |||||
Broadstone Net Lease, Inc. | 105,118 | $1,689,246 | |||
Land Securities Group PLC (United Kingdom) | 66,104 | 557,303 | |||
2,246,549 | |||||
Health Care REITs 6.8% | |||||
CareTrust REIT, Inc. | 60,362 | 1,262,773 | |||
Community Healthcare Trust, Inc. | 49,494 | 1,266,552 | |||
2,529,325 | |||||
Hotel & Resort REITs 1.4% | |||||
Apple Hospitality REIT, Inc. | 33,223 | 533,561 | |||
Industrial REITs 15.5% | |||||
CapitaLand Ascendas REIT (Singapore) | 388,067 | 841,030 | |||
Frasers Logistics & Commercial Trust (Singapore) | 1,433,274 | 1,193,116 | |||
LXP Industrial Trust | 270,165 | 2,455,800 | |||
Nexus Industrial REIT (Canada) | 210,585 | 1,262,461 | |||
5,752,407 | |||||
Office REITs 4.0% | |||||
Kilroy Realty Corp. | 29,007 | 1,037,290 | |||
SL Green Realty Corp. | 10,082 | 453,186 | |||
1,490,476 | |||||
Residential REITs 5.2% | |||||
Apartment Income REIT Corp. | 44,385 | 1,450,946 | |||
Mid-America Apartment Communities, Inc. | 3,925 | 496,041 | |||
1,946,987 | |||||
Retail REITs 24.1% | |||||
Brixmor Property Group, Inc. | 75,011 | 1,683,247 | |||
Link REIT (Hong Kong) | 120,003 | 601,897 | |||
Realty Income Corp. | 37,633 | 2,046,859 | |||
Retail Opportunity Investments Corp. | 81,838 | 1,112,179 | |||
Scentre Group (Australia) | 780,829 | 1,552,325 | |||
Simon Property Group, Inc. | 11,161 | 1,547,026 | |||
Supermarket Income REIT PLC (United Kingdom) | 419,182 | 429,322 | |||
8,972,855 |
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PGIM Real Estate Income Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Common Stocks (Continued) | |||||
Specialized REITs 16.4% | |||||
EPR Properties | 31,225 | $1,382,331 | |||
Iron Mountain, Inc. | 42,308 | 2,856,636 | |||
National Storage Affiliates Trust | 30,423 | 1,136,299 | |||
VICI Properties, Inc. | 24,577 | 740,259 | |||
6,115,525 | |||||
Total Common Stocks (cost $30,127,707) | 29,587,685 | ||||
Preferred Stocks 20.2% | |||||
Diversified REITs 2.7% | |||||
Gladstone Commercial Corp., Series G, 6.000%, Maturing 06/28/26(oo) | 53,006 | 1,017,715 | |||
Hotel & Resort REITs 3.2% | |||||
Pebblebrook Hotel Trust, Series H, 5.700%, Maturing 07/27/26(oo) | 61,849 | 1,178,224 | |||
Office REITs 3.4% | |||||
Vornado Realty Trust, Series M, 5.250%, Maturing 03/01/24(oo) | 79,269 | 1,251,658 | |||
Residential REITs 2.0% | |||||
Centerspace, Series C, 6.625%, Maturing 03/01/24(oo) | 30,253 | 739,383 | |||
Retail REITs 4.8% | |||||
Agree Realty Corp., Series A, 4.250%, Maturing 09/17/26(oo) | 97,067 | 1,802,534 | |||
Specialized REITs 4.1% | |||||
EPR Properties, Series G, 5.750%, Maturing 03/01/24(oo) | 57,959 | 1,133,098 | |||
Public Storage, Series H, 5.600%, Maturing 03/11/24(oo) | 15,913 | 402,440 | |||
1,535,538 | |||||
Total Preferred Stocks (cost $7,726,500) | 7,525,052 | ||||
Total Long-Term Investments (cost $37,854,207) | 37,112,737 | ||||
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PGIM Real Estate Income Fund
Schedule of Investments as of January 31, 2024 (unaudited) (continued)
Description | Shares | Value | |||
Short-Term Investment 0.1% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Government Money Market Fund (7-day effective yield 5.560%) (cost $28,528)(wb) | 28,528 | $28,528 | |||
TOTAL INVESTMENTS 99.8% (cost $37,882,735) | 37,141,265 | ||||
Other assets in excess of liabilities 0.2% | 79,744 | ||||
Net Assets 100.0% | $37,221,009 |
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings: |
REITs—Real Estate Investment Trust |
(oo) | Perpetual security. Maturity date represents next call date. |
(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).
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