abrdn Global Premier Properties Fund - 1390195

abrdn Global Premier Properties Fund - 1390195 - 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number:		811-22016

Exact name of registrant as specified in charter:		abrdn Global Premier Properties Fund

Address of principal executive offices:		1900 Market Street, Suite 200
		Philadelphia, PA 19103

Name and address of agent for service:		Sharon Ferrari
		abrdn Inc.
		1900 Market Street Suite 200
		Philadelphia, PA 19103

Registrant’s telephone number, including area code:		1-800-522-5465

Date of fiscal year end:		October 31

Date of reporting period:		October 31, 2025

Item 1. Reports to Stockholders.

(a)

abrdn Global Premier Properties Fund (AWP)

Annual Report

October 31, 2025

aberdeeninvestments.com

Letter to Shareholders (unaudited)

Dear Shareholder,

We present the Annual Report, which covers the activities of abrdn Global Premier Properties Fund (the “Fund”), for the fiscal year ended October 31, 2025. The Fund’s investment objective is to seek high current income and capital appreciation.

Total Investment Return¹

For the fiscal year ended October 31, 2025, the total return to shareholders of the Fund based on the net asset value (“NAV”) and market price of the Fund, respectively, compared to the Fund’s benchmark, is as follows:

NAV²^,³	2.10%
Market Price²	2.10%
FTSE EPRA Nareit Global Index (Net Total Return) ⁴	3.62%

For more information about Fund performance, please visit the Fund on the web at www.aberdeenawp.com. Here, you can view quarterly commentary on the Fund's performance, monthly fact sheets, distribution and performance information, and other Fund literature.

NAV, Market Price and Premium(+)/Discount(-)

The below table represents a comparison between the current fiscal year end and the prior fiscal year end of the Fund's market price to NAV and associated Premium(+) and Discount(-).


	NAV	Closing Market Price	Premium(+)/ Discount(-)
10/31/2025	$3.79	$3.88	2.37%
10/31/2024	$4.20	$4.30	2.38%

During the fiscal year ended October 31, 2025, the Fund’s NAV was within a range of $3.37 to $4.32 and the Fund’s market price traded within a range of $3.35 to $4.41. During the fiscal year ended October 31, 2025, the Fund’s shares traded within a range of a premium(+)/discount(-) of -3.13% to 3.95%.

Aberdeen Name Change

On March 4, 2025, abrdn plc, the parent company of the Fund's adviser and sub-adviser, announced that it would change its name, and from that date, will use 'Aberdeen' as the principal trading identity for its Investments business. On March 12, 2025, abrdn plc completed the steps to legally change its name to Aberdeen Group plc. Aberdeen has retained 'abrdn' as an operational abbreviation across its subsidiary legal entities (including the Fund's adviser and sub-adviser, fund names and descriptors).

Distribution Policy

Distributions to common shareholders for the fiscal year ended October 31, 2025 totaled $0.48 per share. Based on the market price of $3.88 on October 31, 2025, the distribution rate over the twelve month period ended October 31, 2025 was 12.37%. Based on the NAV of $3.79 on October 31, 2025, the distribution rate for the fiscal year ended October 31, 2025 was 12.66%. Since all distributions are paid after deducting applicable withholding taxes, the effective distribution rate may be higher for those U.S. investors who are able to claim a tax credit.

On November 11, 2025 and December 9, 2025, the Fund announced that it will pay on November 28, 2025 and January 12, 2026, respectively, a distribution of $0.04 per share to all shareholders of record as of November 21, 2025 and December 31, 2025, respectively.

The Fund’s policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital, which is a nontaxable return of capital. This policy is subject to an annual review as well as regular review at the Board of Trustees of the Fund’s (the “Board”) quarterly meetings, unless market conditions require an earlier evaluation.

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Past performance is no guarantee of future results. Investment returns and principal value will fluctuate and shares, when sold, may be worth more or less than original cost. Current performance may be lower or higher than the performance quoted. NAV return data includes investment management fees, custodial charges and administrative fees (such as Trustee and legal fees) and assumes the reinvestment of all distributions.

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²	Assuming the reinvestment of dividends and distributions.

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³	The Fund’s total return is based on the reported NAV for each financial reporting period end and may differ from what is reported on the Financial Highlights due to financial statement rounding or adjustments.

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⁴

The FTSE EPRA Nareit Global Real Estate Index (Net Total Return) is a total return index that is designed to represent general trends in eligible real estate equities worldwide. The Index is calculated net of withholding taxes to which the Fund is generally subject. Indexes are unmanaged and have been provided for comparison purposes only. No fees or expenses are reflected. You cannot invest directly in an index.

abrdn Global Premier Properties Fund

Letter to Shareholders (unaudited) (concluded)

Loan Facility and Use of Leverage

The Fund is permitted to borrow for investment purposes as may be permitted by the Investment Company Act of 1940 (the "1940 Act") or any rule, order or interpretation thereunder. This allows the Fund to borrow for investment purposes in the amount up to 33 1/3% of the Fund’s total assets. The Fund has entered into a lending agreement with BNP Paribas Prime Brokerage International Ltd. (“BNPP PB”) which allows the Fund to borrow on an uncommitted and secured basis up to $175 million. The Fund’s outstanding balance as of October 31, 2025 was $30,802,087. See Notes to Financial Statements for further information.

Unclaimed Share Accounts

Please be advised that abandoned or unclaimed property laws for certain states require financial organizations to transfer (escheat) unclaimed property (including Fund shares) to the state. Each state has its own definition of unclaimed property, and Fund shares could be considered “unclaimed property” due to account inactivity (e.g., no owner-generated activity for a certain period), returned mail (e.g., when mail sent to a shareholder is returned to the Fund's transfer agent as undeliverable), or a combination of both. If your Fund shares are categorized as unclaimed, your financial advisor or the Fund's transfer agent will follow the applicable state’s statutory requirements to contact you, but if unsuccessful, laws may require that the shares be escheated to the appropriate state. If this happens, you will have to contact the state to recover your property, which may involve time and expense. For more information on unclaimed property and how to maintain an active account, please contact your financial adviser or the Fund's transfer agent.

Open Market Repurchase Program

The Board has approved an open market repurchase and discount management policy (the “Program”). The Program allows the Fund to purchase, in the open market, up to 10% of its outstanding common shares, with the amount and timing of any repurchase determined at the discretion of the Fund's investment adviser. Such purchases may be made opportunistically at certain discounts to NAV per share in the reasonable judgment of management based on historical discount levels and current market conditions. If shares are repurchased, the Fund reports repurchase activity on its website on a monthly basis. For the fiscal year ended October 31, 2025, the Fund did not repurchase any shares through the Program.

On a quarterly basis, the Board will receive information on any transactions made pursuant to this policy during the prior quarter.

Portfolio Holdings Disclosure

The Fund's complete schedule of portfolio holdings for the second and fourth quarters of each fiscal year are included in the Fund's semi-annual and annual reports to shareholders. The Fund files its

complete schedule of portfolio holdings with the Securities and Exchange Commission (the “SEC”) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC’s website at http://www.sec.gov. The Fund makes the information available to shareholders upon request and without charge by calling Investor Relations toll-free at 1-800-522-5465.

Proxy Voting

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities and information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available by August 31 of the relevant year: (1) upon request without charge by calling Investor Relations toll-free at 1-800-522-5465; and (2) on the SEC’s website at www.sec.gov.

Investor Relations Information

As part of Aberdeen's commitment to shareholders, we invite you to visit the Fund on the web at www.aberdeenawp.com. Here, you can view monthly fact sheets, quarterly commentary, distribution and performance information, as well as other Fund literature. Enroll in Aberdeen's email services to receive content related to your fund. In addition, you will receive monthly factsheets based on your preferences. Sign up today at www.aberdeenawp.com.

•	Visit: www.aberdeenawp.com

•	Email: Investor.Relations@aberdeenplc.com; or

•	Call: 1-800-522-5465 (toll free in the U.S.).

Yours sincerely,

/s/ Alan Goodson
Alan Goodson
President

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All amounts are U.S. Dollars unless otherwise stated.

2	abrdn Global Premier Properties Fund

Report of the Investment Adviser (unaudited)

Market review

The global listed real estate sector posted gains over the 12-month review period ended October 31, 2025.

The period was marked by significant volatility¹ due to U.S. tariff headlines, fiscal policy² shifts in Europe, and trade tensions with Asia, raising greater uncertainty about the pace of global economic growth. Investors started the review period hoping that the new U.S. administration would spur growth through deregulation³ and tax cuts. However, markets were later whipsawed by the announcement of broad tariffs across most goods coming into the U.S. These actions, along with fears of reciprocal tariffs from other countries and numerous headlines about negotiations, made it difficult for companies to make decisions about both short-term inventory sourcing and needs, and long-term capital-allocation around locating manufacturing and other business decisions. Meanwhile, continued macroeconomic uncertainty, including persistent inflationary pressures and mixed signals from central banks regarding the interest rate path, caused some of the divergence in regional performances for the asset class.

European stock market performance was largely driven by a revitalized macroeconomic environment, resilient consumer demand, and easing inflation, alongside sustained support from the European Central Bank through liquidity measures⁴ and fiscal stimulus⁵ (notably from Germany). That said, geopolitical dynamics, trade tensions with the U.S., and uncertainty surrounding the Russia-Ukraine conflict added to volatility. In the U.K., the Bank of England’s cautious pivot from peak interest rates to cutting policy rates in November 2024, while warning of persistent inflation into 2026, led to changing investor sentiment that supported equities tied to lower funding costs. Meanwhile, continued post-Brexit hesitancy, fund outflows, and the pound sterling’s weakness tempered market gains.

After several years of significant underperformance, Asia Pacific markets benefited from equity inflows during the reporting period. A

coordinated rate-cutting cycle that began in the third quarter of 2024 across the region, and Chinese stimulus⁶ and stabilization efforts in the property market buoyed sentiment in the region. Real estate fundamentals in Hong Kong fared better, with the residential-for-sale sector having reached a low level for now, helped by the expectation of rate cuts in the U.S. and several months of extremely low borrowing costs.

Sector wise, healthcare real estate investment trusts (REITs)⁷, and Japanese and Singaporean developers were the standout performers globally during the period. The healthcare sector benefitted from strong underlying fundamentals due to aging demographics, which drove double-digit net operating income (NOI)⁸ growth. Meanwhile, the Japanese and Singaporean developers, which had materially underperformed in prior years, rose due to attractive relative prices and fluctuations in interest rate policies that provided hope for greater economic growth in these regions. Conversely, U.S. cold storage, U.S. self-storage, and U.S. residential REITs were among the worst-performing sectors. Supply pressures, lackluster demand growth and a series of downward earnings revisions led to the underperformance in the cold storage sector. Supply pressures and declining new move-in rents led to a softening NOI outlook in the self-storage sector. Residential REITs, particularly in the multi-family segment, underperformed due to a weaker peak leasing season and concerns about a cooling job market, particularly in key Sunbelt markets⁹.

Fund performance review

The abrdn Global Premier Properties Fund (the “Fund”) returned 2.10% on a net asset value¹⁰ basis for the 12-month period ending October 31, 2025. This compared to a return of 3.62% for its

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If the price of an asset, fund, or market moves significantly over a short period of time, it is said to be ‘volatile’ or to have ‘high volatility.’ If the price remains relatively stable, it is said to have ‘low volatility.’ Volatility can be used as a measure of risk, indicating the potential for large price fluctuations.

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2	The use of taxation and government spending as tools to influence the economy.

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3	The reduction or removal of rules and regulations to give businesses more operational flexibility.

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4	Central bank actions that adjust the amount of funds available in the financial system, influencing bank reserves and short-term interest rates.

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5	Includes government spending and taxation to support demand.

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6	Government actions designed to boost economic activity. This can take the form of monetary stimulus, which involves central bank measures such as setting interest rates and managing the money supply, or fiscal stimulus, which uses government spending and taxation to support demand.

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7	A form of indirect property investment. Distributions from REITs are made tax-free and are taxed according to the tax status of the shareholders.

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8	A commonly used figure to assess the profitability of a property. The calculation involves subtracting all operating expenses on the property from all the revenue generated from the property.

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9	The region in the U.S. stretching from the Southeast to the Southwest, characterized by a warmer climate and fast-growing population and economic centers.

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10	A key measure of the value of a company, fund or trust – the total value of assets less liabilities, divided by the number of shares.

abrdn Global Premier Properties Fund

Report of the Investment Adviser (unaudited) (continued)

benchmark, the FTSE EPRA Nareit Global Index (Net Total Return).¹¹ The Fund's unlevered NAV return was 2.49% for the fiscal year ended October 31, 2025, demonstrating that the decision to leverage had a slightly negative impact on the Fund, detracting 0.39% to performance over that timeframe.

The Fund’s overweight¹² allocation to the residential sector mainly drove its underperformance relative to the benchmark as U.S. residential REITs lagged the market due to a weaker than expected peak leasing season and concerns around the health of the labor market. Conversely, the Fund’s overweight allocation to the healthcare sector was favorable as the sector material outperformed thanks to stronger than expected earnings growth from the senior housing focused REITs.

At the stock level, Iron Mountain’s shares lagged after the news that Chinese artificial intelligence (AI) company DeepSeek developed a working AI model at a fraction of the cost spent by U.S. competitors, and with inferior chips, we subsequently exited the name. Australian logistics landlord Goodman Group also detracted from performance as concerns around global trade and questions around the pace of its data center investments weighed on its shares, despite an attractive relative valuation we believe these issues could continue to weigh on the stock and therefore reduced the size of our position during the review period. Invitation Homes underperformed due to soft rental growth and cautious investor sentiment around single-family housing. Meanwhile, SL Green Realty detracted from performance as the potential election of Zohran Mamdani as the new mayor of New York City (NYC) and his proposed policies raised fears about the pace of business activity and, therefore, the demand for NYC office space. While we are closely monitoring the potential policy changes in New York we continue to believe the stock is attractively valued.

On the other hand, healthcare REITs American Healthcare REIT and Welltower were among the top contributors. These REITs benefited from continued strong demand for senior housing, which supported earnings growth during the period, and the companies have indicated in their published guidance that demand trends remain supportive. Also, in healthcare, our lack of exposure to Alexandria Real Estate Equities added to returns as this stock continued to struggle due to weak life science demand and excess supply. Elsewhere, the Fund's position in CTP, a European logistics developer focused on Central Europe, also outperformed, driven by hopes of increased demand for

logistics after the German budget announcement and nearshoring opportunities amid the trade uncertainty.

In terms of activity over the review period, the Fund exited its positions in Iron Mountain, Mid-America Apartments, and Healthpeak due to lower conviction around underlying business fundamentals. The proceeds from these sales in the U.S. were reinvested into senior housing REITs, American Healthcare REIT, Ventas, and Welltower as they remained some of our highest conviction positions. Additionally, the Fund initiated a position in EPR Properties, a triple-net lease¹³ REIT focused on lifestyle and entertainment tenants. Conversely, the Fund exited UK warehouse company SEGRO due to concerns around the health of the UK economy. The Fund also disposed of Unite Group due to concerns about the pace of leasing ahead of the current school year. Lastly, in Asia Pacific, the Fund participated in the initial public offering of NTT DC REIT, a Singaporean company focused on data-center development.

The monthly distribution reflects the Fund’s current policy to provide shareholders with a relatively stable cash flow per share. This policy did not have a material effect on the Fund’s investment strategy over the reporting period. During the fiscal year ended October 31, 2025, the distributions were comprised of ordinary income and a return of capital.

Outlook

We believe that the real estate sector is currently well positioned for relative performance. The defensive¹⁴ nature of real estate, with contractual leases, should allow earnings to remain stable relative to the broader market, especially if prolonged economic uncertainty arises. Additionally, unlike during previous economic downturns, supply is currently under control, which may help to mitigate downward pressure on market rents. However, the sector is not entirely immune to economic weakness, and some sectors with long-term secular tailwinds¹⁵ tend to prove more resilient than those that are sensitive to short-term economic activity.

As a result, we are focused on sectors and companies where we see opportunities to increase rents in the near term, with strong structural tailwinds supporting longer-term growth. We have also increased the Fund’s allocation to less economically sensitive sectors, which we believe could offer greater stability in a weaker environment.

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The FTSE EPRA/NAREIT Global Index is a total return index that is designed to represent general trends in eligible real estate equities worldwide. Indexes are unmanaged and have been provided for comparison purposes only. You cannot invest directly in an index. Index performance is not an indication of the performance of the Fund itself. For complete fund performance, please visit Aberdeen.com

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12	A portfolio holding more of a particular security, sector or region than the security, sector or region’s weight in the benchmark portfolio.

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13	A lease agreement in which the lessee assumes responsibility for all operating costs associated with the property, including maintenance, property taxes, and insurance.

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14	When a sector or security delivers relatively stable returns despite shifts in the economic environment.

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15	Conditions that could support growth, revenue or profits.

4	abrdn Global Premier Properties Fund

Report of the Investment Adviser (unaudited) (concluded)

Risk Considerations

Past performance is not an indication of future results.

Foreign securities may be more volatile, harder to price and less liquid than U.S. securities. They are subject to risks associated with less stringent accounting and regulatory standards, the impact of currency exchange rate fluctuation, political and economic instability, reduced information about issuers, higher transaction costs and delayed settlement. Equity stocks of small- and mid-cap companies carry greater risk, and more volatility, than equity stocks of larger, more established companies. Dividends are not guaranteed and a company’s future ability to pay dividends may be limited. The use of leverage will also increase market exposure and magnify risk. Because

the Fund concentrates its investments in the real estate industry, the portfolio may experience more volatility and be exposed to greater risk than the portfolios of many other mutual funds. Risks associated with investment in securities of companies in the real estate industry may include: declines in the value of real estate; overbuilding and increased competition; increases in property taxes and operating expenses; changes in zoning laws; casualty or condemnation losses; variations in rental income; neighborhood values; changes in interest rates; and changes in economic conditions.

abrdn Investments Limited

abrdn Global Premier Properties Fund

Total Investment Return (unaudited)

The following table summarizes the average annual Fund performance compared to the Fund’s primary benchmark for the 1-year, 3-year, 5-year and 10-year periods ended October 31, 2025.

	1 Year	3 Years	5 Years	10 Years
Net Asset Value (NAV)	2.10%	8.88%	4.33%	3.83%
Market Price	2.10%	12.08%	8.71%	5.83%
FTSE EPRA Nareit Global Index (Net Total Return)	3.62%	7.81%	5.11%	2.89%

Performance of a $10,000 Investment (as of October 31, 2025)

This graph shows the change in value of a hypothetical investment of $10,000 in the Fund for the periods indicated. For comparison, the same investment is shown in the indicated index.

The Fund changed its investment objective and principal investment strategies effective May 27, 2020. Performance information for periods prior to May 27, 2020 does not reflect the current investment objective and principal investment strategies.

abrdn Investments Limited (the "Adviser") and abrdn Inc. assumed responsibility for the management of the Fund as investment adviser and sub-adviser, respectively, on May 7, 2018. Performance prior to this date reflects the performance of an unaffiliated investment adviser.

The Adviser entered into a written contract with the Fund to waive fees or limit expenses. This contract may not be terminated before June 30, 2026. Absent such waivers and/or reimbursements, the Fund's returns would be lower. Additionally, abrdn Inc. has entered into an agreement with the Fund to limit investor relations services fees, without which performance would be lower if the Fund's investor services fees exceeded such limit during the relevant period. This agreement aligns with the term of the advisory agreement and may not be terminated prior to the end of the current term of the advisory agreement. See Note 3 in the Notes to Financial Statements.

Returns represent past performance. Total investment return at NAV is based on changes in the NAV of Fund shares and assumes reinvestment of dividends and distributions, if any, at market prices pursuant to the dividend reinvestment program sponsored by the Fund’s transfer agent. All return data at NAV includes fees charged to the Fund, which are listed in the Fund’s Statement of Operations under “Expenses.” Total investment return at market value is based on changes in the market price at which the Fund’s shares traded on the NYSE during the period and assumes reinvestment of dividends and distributions, if any, at market prices pursuant to the dividend reinvestment program sponsored by the Fund’s transfer agent. The Fund’s total investment return is based on the reported NAV as of the financial reporting period end date of October 31, 2025. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on both market price and NAV. Past performance is no guarantee of future results. The performance information provided does not reflect the deduction of taxes that a shareholder would pay on distributions received from the Fund or the sale of Fund shares. The current performance of the Fund may be lower or higher than the figures shown. The Fund’s yield, return, market price and NAV will fluctuate. Performance information current to the most recent month-end is available at www.aberdeenawp.com or by calling 800-522-5465.

6	abrdn Global Premier Properties Fund

Total Investment Return (unaudited) (concluded)

The gross operating expense ratio excluding fee waivers based on the fiscal year ended October 31, 2025 was 2.32%. The net operating expense ratio net of fee waivers based on the fiscal year ended October 31, 2025 was 2.27%. The net operating expense ratio, net of fee waivers and excluding interest expense based on the fiscal year ended October 31, 2025, was 1.40%.

abrdn Global Premier Properties Fund

Portfolio Composition (as a percentage of net assets) (unaudited)

As of October 31, 2025

The following table summarizes the sector composition of the Fund’s portfolio, in S&P Global Inc.’s Global Industry Classification Standard (“GICS”) Sub-Industries.

Sub-Industries
Retail REITs	24.3%
Health Care REITs	22.2%
Real Estate Operating Companies	9.9%
Data Center REITs	8.8%
Industrial REITs	8.3%
Multi-Family Residential REITs	7.9%
Diversified REITs	7.2%
Self Storage REITs	6.2%
Office REITs	5.0%
Diversified Real Estate Activities	3.9%
Single-Family Residential REITs	2.0%
Other, less than 2% each	3.2%
Liabilities in Excess of Other Assets	(8.9%)
	100.0%

The following table summarizes the composition of the Fund’s portfolio by geographic classification.

Countries
United States	72.4%
Japan	9.2%
Australia	6.6%
France	4.2%
Singapore	3.1%
Germany	2.8%
Hong Kong	2.1%
Netherlands	2.0%
Other, less than 2% each	6.5%
Liabilities in Excess of Other Assets	(8.9%)
	100.0%

The following were the Fund’s top ten holdings as of October 31, 2025:

Top Ten Holdings
Welltower, Inc., REIT	11.3%
Prologis, Inc., REIT	6.0%
Realty Income Corp., REIT	4.7%
Simon Property Group, Inc., REIT	4.5%
Ventas, Inc., REIT	4.5%
Digital Realty Trust, Inc., REIT	4.3%
American Healthcare REIT, Inc.	4.0%
Equinix, Inc., REIT	3.9%
Mitsubishi Estate Co. Ltd.	3.1%
Public Storage, REIT	3.1%

8	abrdn Global Premier Properties Fund

Portfolio of Investments

As of October 31, 2025

	Shares	Value
COMMON STOCKS—108.9%
AUSTRALIA—6.6%
Diversified REITs—3.3%
Charter Hall Group, REIT	350,313	$ 5,144,944
Stockland, REIT	1,462,360	6,045,951
		11,190,895
Industrial REITs—0.3%
Goodman Group, REIT	48,759	1,051,642
Retail REITs—1.9%
Scentre Group, REIT	2,470,145	6,580,056
Self Storage REITs—1.1%
National Storage REIT	2,503,384	3,767,031
Total Australia		22,589,624
BELGIUM—1.4%
Industrial REITs—1.1%
Warehouses De Pauw CVA, REIT	154,285	3,918,018
Self Storage REITs—0.3%
Shurgard Self Storage Ltd., REIT	25,753	942,736
Total Belgium		4,860,754
FRANCE—4.2%
Diversified REITs—0.8%
Covivio SA, REIT	42,764	2,743,646
Office REITs—0.7%
Gecina SA, REIT	26,017	2,417,793
Retail REITs—2.7%
Unibail-Rodamco-Westfield, REIT^(a)	87,016	8,997,734
Total France		14,159,173
GERMANY—2.8%
Real Estate Operating Companies—2.8%
TAG Immobilien AG	190,993	3,170,658
Vonovia SE^(b)	212,648	6,391,295
		9,561,953
HONG KONG—2.1%
Real Estate Development—0.6%
Henderson Land Development Co. Ltd.	599,000	2,107,133
Real Estate Operating Companies—1.5%
Hang Lung Properties Ltd.	1,636,000	1,821,756
Hongkong Land Holdings Ltd.	512,100	3,129,093
		4,950,849
Total Hong Kong		7,057,982
JAPAN—9.2%
Diversified Real Estate Activities—3.9%
Mitsubishi Estate Co. Ltd.	499,600	10,587,461
Sumitomo Realty & Development Co. Ltd.	60,400	2,578,898
		13,166,359
Multi-Family Residential REITs—2.1%
Advance Residence Investment Corp., REIT	2,035	2,202,570
Comforia Residential REIT, Inc.	1,192	2,513,789
Mitsui Fudosan Accommodations Fund, Inc., REIT	2,886	2,432,125
		7,148,484
Office REITs—1.1%
Japan Real Estate Investment Corp.	4,547	3,750,242

	Shares	Value


Retail REITs—2.1%
Japan Metropolitan Fund Invest, REIT	9,279	$ 7,177,974
Total Japan		31,243,059
MEXICO—0.7%
Real Estate Operating Companies—0.7%
Corp. Inmobiliaria Vesta SAB de CV	733,833	2,227,746
NETHERLANDS—2.0%
Real Estate Operating Companies—2.0%
CTP NV^(c)	333,828	6,961,357
SINGAPORE—3.1%
Data Center REITs—0.6%
NTT DC REIT^(a)	2,056,900	2,075,029
Diversified REITs—2.5%
CapitaLand Integrated Commercial Trust, REIT	4,611,327	8,383,344
Total Singapore		10,458,373
SWEDEN—1.4%
Real Estate Operating Companies—1.4%
Catena AB	97,682	4,732,832
SWITZERLAND—1.5%
Real Estate Operating Companies—1.5%
PSP Swiss Property AG	30,478	5,271,586
UNITED KINGDOM—1.5%
Diversified REITs—0.6%
British Land Co. PLC, REIT	420,861	2,101,973
Industrial REITs—0.9%
LondonMetric Property PLC, REIT	1,187,529	2,970,965
Total United Kingdom		5,072,938
UNITED STATES—72.4%
Data Center REITs—8.2%
Digital Realty Trust, Inc., REIT^(b)	85,958	14,648,102
Equinix, Inc., REIT^(b)	15,782	13,351,730
		27,999,832
Health Care REITs—22.2%
American Healthcare REIT, Inc.	297,497	13,482,564
Omega Healthcare Investors, Inc., REIT^(b)	196,788	8,271,000
Ventas, Inc., REIT^(b)	207,455	15,308,104
Welltower, Inc., REIT^(b)	213,158	38,590,124
		75,651,792
Hotel & Resort REITs—0.9%
Host Hotels & Resorts, Inc., REIT^(b)	198,298	3,176,734
Industrial REITs—6.0%
Prologis, Inc., REIT^(b)	164,612	20,426,703
Multi-Family Residential REITs—5.8%
AvalonBay Communities, Inc., REIT^(b)	35,763	6,219,901
Camden Property Trust, REIT	46,375	4,613,385
Essex Property Trust, Inc., REIT^(b)	34,978	8,806,411
		19,639,697
Office REITs—3.2%
Hudson Pacific Properties, Inc., REIT^(a)	615,318	1,501,376
Kilroy Realty Corp., REIT	133,239	5,629,348
SL Green Realty Corp., REIT	74,546	3,827,937
		10,958,661
Other Specialized REITs—1.7%
EPR Properties, REIT	118,680	5,817,694
Retail REITs—17.6%
Brixmor Property Group, Inc., REIT	241,533	6,318,503

abrdn Global Premier Properties Fund

Portfolio of Investments (concluded)

As of October 31, 2025

	Shares	Value
COMMON STOCKS (continued)
UNITED STATES (continued)
Curbline Properties Corp., REIT	157,218	$ 3,625,447
InvenTrust Properties Corp., REIT	135,902	3,723,715
NNN REIT, Inc.	112,686	4,559,276
Phillips Edison & Co., Inc., REIT	74,835	2,532,416
Realty Income Corp., REIT^(b)	273,322	15,847,210
Regency Centers Corp., REIT	113,140	7,801,003
Simon Property Group, Inc., REIT^(b)	87,887	15,447,019
		59,854,589
Self Storage REITs—4.8%
Public Storage, REIT^(b)	37,165	10,352,682
Smartstop Self Storage REIT, Inc.	169,948	5,837,714
		16,190,396
Single-Family Residential REITs—2.0%
Sun Communities, Inc., REIT	53,053	6,716,510
Total United States		246,432,608
Total Common Stocks		370,629,985
Total Investments (Cost $313,090,246)^(d)—108.9%		370,629,985
Liabilities in Excess of Other Assets—(8.9%)		(30,249,673)
Net Assets—100.0%		$340,380,312

(a)	Non-income producing security.
(b)	All or a portion of the security has been designated as collateral for the line of credit.
(c)	Denotes a security issued under Regulation S or Rule 144A.
(d)	See accompanying Notes to Financial Statements for tax unrealized appreciation/(depreciation) of securities.

CVA	Dutch Certificate
PLC	Public Limited Company
REIT	Real Estate Investment Trust

See accompanying Notes to Financial Statements.

10	abrdn Global Premier Properties Fund

Statement of Assets and Liabilities

As of October 31, 2025

Assets
Investments, at value (cost $313,090,246)	$ 370,629,985
Foreign currency, at value (cost $58,044)	57,938
Interest and dividends receivable	618,013
Receivable for common shares issued	106,173
Tax reclaim receivable	288,423
Prepaid expenses in connection with the at-the-market stock offering (Note 5)	38,898
Prepaid expenses in connection with the shelf registration (Note 5)	78,471
Prepaid expenses	6,844
Total assets	371,824,745
Liabilities
Line of credit payable (Note 7)	30,802,087
Investment management fees payable (Note 3)	289,136
Interest payable on line of credit	165,187
Investor relations fees payable (Note 3)	36,767
Administration fees payable (Note 3)	23,502
Trustee fees payable	20,198
Other accrued expenses	107,556
Total liabilities	31,444,433

Net Assets	$340,380,312
Composition of Net Assets
Paid-in capital in excess of par	$ 366,421,407
Accumulated loss	(26,041,095)
Net Assets	$340,380,312
Net asset value per share based on 89,817,435 shares issued and outstanding	$3.79

See accompanying Notes to Financial Statements.

abrdn Global Premier Properties Fund

Statement of Operations

For the Year Ended October 31, 2025

Net Investment Income
Investment Income:
Dividends (net of foreign withholding taxes of $442,617)	$ 11,301,477
Total investment income	11,301,477
Expenses:
Investment management fee (Note 3)	3,914,170
Administration fee (Note 3)	270,276
Reports to shareholders and proxy solicitation	149,037
Investor relations fees and expenses (Note 3)	105,386
Trustees' fees and expenses	83,739
Independent auditors’ fees and tax expenses	68,439
Legal fees and expenses	63,054
Custodian’s fees and expenses	52,101
Transfer agent’s fees and expenses	17,089
Miscellaneous	160,539
Total operating expenses, excluding interest expense	4,883,830
Interest expense (Note 7)	2,938,572
Total operating expenses before reimbursed/waived expenses	7,822,402
Expenses waived (Note 3)	(153,999)
Net expenses	7,668,403

Net Investment Income	3,633,074
Net Realized/Unrealized Gain/(Loss):
Net realized gain/(loss) from:
Investments (Note 2h)	(4,033,203)
Foreign currency transactions	(7,088)
	(4,040,291)
Net change in unrealized appreciation/depreciation on:
Investments (Note 2h)	6,568,744
Foreign currency translation	10,098
	6,578,842
Net realized and unrealized gain from investments and foreign currencies	2,538,551
Change in Net Assets Resulting from Operations	$6,171,625

See accompanying Notes to Financial Statements.

12	abrdn Global Premier Properties Fund

Statements of Changes in Net Assets

	For the Year Ended October 31, 2025	For the Year Ended October 31, 2024
Increase/(Decrease) in Net Assets:
Operations:
Net investment income	$3,633,074	$1,957,421
Net realized gain/(loss) from investments and foreign currency transactions	(4,040,291)	4,696,645
Net change in unrealized appreciation on investments and foreign currency translations	6,578,842	88,458,987
Net increase in net assets resulting from operations	6,171,625	95,113,053
Distributions to Shareholders From:
Distributable earnings	(8,771,327)	(8,122,325)
Return of capital	(33,061,136)	(32,882,613)
Net decrease in net assets from distributions	(41,832,463)	(41,004,938)
Proceeds from at-the-market offering resulting in the issuance of 3,959,620 and 0 shares of common stock, respectively (Note 5)	15,442,135	–
Expenses in connection with the shelf and at-the-market stock offering (Note 5)	(82,056)	–
Reinvestment of dividends resulting in the issuance of 335,848 and 114,016 shares of common stock, respectively	1,297,562	475,555
Change in net assets from capital transactions	16,657,641	475,555
Change in net assets	(19,003,197)	54,583,670
Net Assets:
Beginning of year	359,383,509	304,799,839
End of year	$340,380,312	$359,383,509

Amounts listed as “–” are $0 or round to $0.

See accompanying Notes to Financial Statements.

abrdn Global Premier Properties Fund

Statement of Cash Flows

For the Year Ended October 31, 2025

Cash flows from operating activities:
Net increase/(decrease) in net assets resulting from operations	$ 6,171,625
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities:
Investments purchased	(254,794,599)
Investments sold and principal repayments	322,787,470
Net change in short-term investments	3,419,966
Capital gains and return of capital distributions from investments	3,292,193
Increase in interest, dividends and other receivables	(173,082)
Increase in prepaid expenses	(77,463)
Decrease in interest payable on line of credit	(235,319)
Decrease in accrued investment management fees payable	(39,844)
Increase in other accrued expenses	71,230
Net change in unrealized appreciation of investments	(6,568,744)
Net change in unrealized appreciation on foreign currency translation	(10,098)
Net realized loss on investments transactions	4,033,203
Net cash provided by operating activities	77,876,538
Cash flows from financing activities:
Borrowings on line of credit	137,296,443
Repayment of line of credit	(189,930,014)
Distributions paid to shareholders	(40,545,205)
Proceeds from stock offering	15,442,135
Expenses in connection with the at-the-market and shelf offering	(82,056)
Net cash used in financing activities	(77,818,697)
Effect of exchange rate on cash	(105)
Net change in cash	57,736
Unrestricted and restricted cash and foreign currency, beginning of year	202
Unrestricted and restricted cash and foreign currency, end of year	$57,938
Supplemental disclosure of cash flow information:
Cash paid for interest and fees on borrowing	$3,173,891

See accompanying Notes to Financial Statements.

14	abrdn Global Premier Properties Fund

Financial Highlights

	For the Fiscal Years Ended October 31,
	2025	2024	2023	2022	2021
PER SHARE OPERATING PERFORMANCE:
Net asset value per common share, beginning of year	$4.20	$3.57	$4.23	$6.84	$5.23
Net investment income^(a)	0.04	0.02	0.09	0.12	0.13
Net realized and unrealized gains/(losses) on investments and foreign currency transactions	0.03	1.09	(0.27)	(2.25)	1.96
Total from investment operations applicable to common shareholders	0.07	1.11	(0.18)	(2.13)	2.09
Distributions to common shareholders from:
Net investment income	(0.10)	(0.10)	(0.10)	(0.07)	(0.16)
Return of capital	(0.38)	(0.38)	(0.38)	(0.41)	(0.32)
Total distributions	(0.48)	(0.48)	(0.48)	(0.48)	(0.48)
Capital Share Transactions:
Impact of shelf offering	–^(b)	–	–	–	–
Net asset value per common share, end of year	$3.79	$4.20	$3.57	$4.23	$6.84
Market price, end of year	$3.88	$4.30	$3.29	$3.97	$6.56
Total Investment Return Based on^(c):
Market price	2.10%	47.63%	(6.58%)	(33.80%)	62.89%
Net asset value	2.10%	32.89%	(4.86%)	(32.36%)	41.59%
Ratio to Average Net Assets Applicable to Common Shareholders/Supplementary Data:
Net assets applicable to common shareholders, end of year (000 omitted)	$340,380	$359,384	$304,800	$361,335	$583,883
Average net assets applicable to common shareholders (000 omitted)	$337,845	$347,740	$361,732	$498,916	$547,641
Gross operating expenses, excluding fee waivers	2.32%	3.00%	2.48%	1.89%	1.59%
Net operating expenses, net of fee waivers	2.27%	2.74%	2.22%	1.62%	1.40%
Net operating expenses, net of fee waivers and excluding interest expense	1.40%	1.25%	1.19%	1.19%	1.19%
Net Investment income	1.08%	0.56%	2.22%	2.05%	1.99%
Portfolio turnover	65%	74%	44%	41%	36%
Senior securities:
Line of credit payable outstanding (000 omitted)	$30,802	$83,436	$79,810	$65,048	$106,848
Asset coverage per $1,000 on line of credit payable at year end^(d)	$

SEC Form N-CSR filed by abrdn Global Premier Properties Fund