Pimco Flexible Real Estate Income Fund
Data through 2026-07-02 · latest filing N-23C3A filed 2026-07-02
Sponsored by PIMCO. Interval Fund structure focused on private real estate.
Interval FundPrivate Real Estate
- Net assets
- $588.9M
source
Monthly portfolio report (Form N-PORT) · filed 2026-05-29 · period 2026-03-31
Net assets (N-PORT Part B, Item B.2)
Method Direct: read from a structured filing field
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $10.50
source
Shareholder report (Form N-CSR) · filed 2026-03-05 · period 2025-12-31
N-CSR PIMCO financial-highlights continuation — filed class Institutional Class; cache sha256 e54baecb120fc0b35ee81e1df228e5992d563cb82110fb7227ea557e0d113bcf; ledger sha256 27b326bf3225e8f1dabc2ebb63398ccf74a68cd4b0e23ef188b59daea3eb526b
“Ratios/Supplemental Data Ratios to Average Net Assets Applicable to Common Shareholders (f) Net Asset Value End of Year or Period (a) Total Investment Return (e) Net Assets Applicable to Common Shareholders End of Year (000s) Expenses (g) Expenses Excluding Waivers (g) Expenses Excluding Interest Expense Expenses Excluding Interest Expense and Waivers Net Investment Income (Loss) Portfolio Turnover Rate $ 10.50”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
Institutional Class · as of 2025-12-31 - Net flows, last qtr
- +16.1% qtr ended 2026-03-31
- Distribution coverage (NII)
- Pending Pending
- Leverage in use
- Pending debt / equity 0.13x
- Total return, 12m
- Pending SEC-filed periodic NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
No current red or yellow flags in filings reviewed through 2026-07-31.
Historical findings (4)
New share sales fell 10% versus the same period last year ($7.6M -> $8.4M, period ended 2024-11-30).
Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Notify, 2023-07-31]
Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Notify, 2023-06-30]
Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Notify, 2023-02-28]
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
Filed performance
Pending. no cached SEC filing yielded a return with an exact window, basis label, and the audited class scope
Manager-reported performance
Manager-reported; not from SEC filings. These exact-window values appear only where no SEC-filed or SEC-derived observation covers the same fund, canonical class, and window.
| Window | Class | Return | Manager source |
|---|---|---|---|
| Jun 1–Jun 30, 2026 | Institutional Class | +1.17% | PIMCO sourceCitation and archived evidence |
| May 1–May 31, 2026 | Institutional Class | +0.52% | PIMCO sourceCitation and archived evidence |
| Apr 1–Apr 30, 2026 | Institutional Class | +1.27% | PIMCO sourceCitation and archived evidence |
| Mar 1–Mar 31, 2026 | Institutional Class | -0.74% | PIMCO sourceCitation and archived evidence |
| Feb 1–Feb 28, 2026 | Institutional Class | +0.75% | PIMCO sourceCitation and archived evidence |
| Jan 1–Jan 31, 2026 | Institutional Class | +0.52% | PIMCO sourceCitation and archived evidence |
| Dec 1–Dec 31, 2025 | Institutional Class | +0.54% | PIMCO sourceCitation and archived evidence |
| Nov 1–Nov 30, 2025 | Institutional Class | +1.03% | PIMCO sourceCitation and archived evidence |
| Oct 1–Oct 31, 2025 | Institutional Class | -0.01% | PIMCO sourceCitation and archived evidence |
| Sep 1–Sep 30, 2025 | Institutional Class | +0.37% | PIMCO sourceCitation and archived evidence |
| Aug 1–Aug 31, 2025 | Institutional Class | +1.09% | PIMCO sourceCitation and archived evidence |
| Jul 1–Jul 31, 2025 | Institutional Class | +0.41% | PIMCO sourceCitation and archived evidence |
| Jun 1–Jun 30, 2025 | Institutional Class | +0.94% | PIMCO sourceCitation and archived evidence |
| May 1–May 31, 2025 | Institutional Class | +0.61% | PIMCO sourceCitation and archived evidence |
| Apr 1–Apr 30, 2025 | Institutional Class | +0.29% | PIMCO sourceCitation and archived evidence |
| Mar 1–Mar 31, 2025 | Institutional Class | +0.37% | PIMCO sourceCitation and archived evidence |
| Feb 1–Feb 28, 2025 | Institutional Class | +1.01% | PIMCO sourceCitation and archived evidence |
| Jan 1–Jan 31, 2025 | Institutional Class | +0.61% | PIMCO sourceCitation and archived evidence |
| Dec 1–Dec 31, 2024 | Institutional Class | +0.40% | PIMCO sourceCitation and archived evidence |
| Nov 1–Nov 30, 2024 | Institutional Class | +0.77% | PIMCO sourceCitation and archived evidence |
| Oct 1–Oct 31, 2024 | Institutional Class | +0.32% | PIMCO sourceCitation and archived evidence |
| Sep 1–Sep 30, 2024 | Institutional Class | +0.76% | PIMCO sourceCitation and archived evidence |
| Aug 1–Aug 31, 2024 | Institutional Class | +0.58% | PIMCO sourceCitation and archived evidence |
| Jul 1–Jul 31, 2024 | Institutional Class | +0.61% | PIMCO sourceCitation and archived evidence |
Monthly performance eligibility
Canonical class: Institutional Class · basis: manager-stated monthly total return · qualifying history: 43 months through 2026-06-30.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
Pending
Where exit demand met the cap.
Stated cap: 5% of shares/quarter. The disclosed history shows no rationed period.
| Period | Requested | Filled | Cap used | Status |
|---|---|---|---|---|
| 2025-11-07 | Pending | 100% | Pending | filled |
| 2025-08-07 | Pending | 100% | Pending | filled |
| 2025-05-07 | Pending | 100% | Pending | filled |
| 2025-02-07 | Pending | 100% | Pending | filled |
| 2024-11-07 | Pending | 100% | Pending | filled |
| 2024-08-07 | Pending | 100% | Pending | filled |
| 2024-05-07 | Pending | 100% | Pending | filled |
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
Pending
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
Not attributed 100.0%
| Class | Terms-based role description | Load | Servicing | Minimum | Assets |
|---|---|---|---|---|---|
| Institutional Class | Pending | Pending | Pending | Pending | Pending |
Management fee: 1.25% of avg daily net assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001193125-26-094219.
Filed fee conditions
PIMCO serves as the Manager to the Fund pursuant to an investment management agreement and receives a monthly fee at an annual rate based on average daily net assets (the 'Investment Advisory Fee'). The Investment Advisory Fee for the Fund is charged at an annual rate of 1.25% of the Fund's average daily net assets; a separate Supervisory and Administrative Fee of 0.50% is charged on the same basis (not part of this management-fee headline).
Canonical-class fee profile
| Class | Management | Incentive | Load | Servicing | Gross expenses | Net expenses |
|---|---|---|---|---|---|---|
| Institutional Class | 1.25% | None
*
None. The standardized prospectus fee table contains no incentive/performance-fee line. SEC source 0001193125-26-197356 |
Pending | Pending | 2.54%interest included*Filed label: Expenses Excluding Waivers; period 2025-12-31. expenses before/excluding waivers; waiver state: before / excluding disclosed support. SEC source 0001193125-26-094219 *Filed label: Expenses Excluding Interest Expense and Waivers; period 2025-12-31. expenses before/excluding waivers; waiver state: before / excluding disclosed support. SEC source 0001193125-26-094219 |
1.97%interest included*Filed label: Expenses; period 2025-12-31. After waiver: not separately stated; interest: included; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001193125-26-094219 *Filed label: Expenses Excluding Interest Expense; period 2025-12-31. After waiver: not separately stated; interest: excluded; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001193125-26-094219 |
Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (1)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | PIMCO serves as the Manager to the Fund pursuant to an investment management agreement and receives a monthly fee at an annual rate based on average daily net assets (the 'Investment Advisory Fee'). The Investment Advisory Fee for the Fund is charged at an annual rate of 1.25% of the Fund's average daily net assets; a separate Supervisory and Administrative Fee of 0.50% is charged on the same basis (not part of this management-fee headline). | 1.25 pct_annual_of_avg_daily_net_assets | Pending |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-07-02 | N-23C3A | 0001193125-26-293839 |
| 2026-05-29 | NPORT-P | 0001099263-26-007349 |
| 2026-04-30 | 486BPOS | 0001193125-26-197356 |
| 2026-04-01 | N-23C3A | 0001193125-26-136683 |
| 2026-03-05 | N-CSR | 0001193125-26-094219 |
| 2026-03-02 | NPORT-P | 0001099263-26-003122 |
| 2026-02-13 | 424B3 | 0001193125-26-050034 |
| 2026-01-02 | N-23C3A | 0001193125-26-000704 |
| 2025-11-26 | NPORT-P | 0001099263-25-004586 |
| 2025-10-06 | N-23C3A | 0001193125-25-231371 |
| 2025-09-05 | N-CSRS | 0001193125-25-196835 |
| 2025-08-29 | NPORT-P | 0001896329-25-000043 |
| 2025-07-07 | N-23C3A | 0001193125-25-156044 |
| 2025-05-30 | NPORT-P | 0001896329-25-000026 |
| 2025-04-07 | N-23C3A | 0001193125-25-074343 |