Principal Real Estate Income Fund:PGZ

    Manage Alerts

    Overview

    As of 6/21/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$9.99$11.40-12.37%
    52 Wk Avg$9.63$10.90-11.62%
    52 Wk High$10.59$11.55-6.93%
    52 Wk Low$8.46$9.74-14.98%
    Regular Distribution TypeManaged Distribution
    Distribution Rate12.61%
    Distribution Amount$0.1050
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To provide high current income with capital appreciation through investment primarily in commercial real estate-related securities.

    Capital Structure

    As of 6/21/2024

    Total Investment Exposure:$108.313M
    Total Common Assets:$76.313M
    Common Shares Outstanding:6,694,109
    Leverage

    As of 6/21/2024

    Preferred Share Assets:
    Total Debt (USD): $32.000M
    Regulatory Leverage (USD): $32.000M
    Effective Leverage (USD): $32.000M
    Effective Leverage (%): 29.54%
    Annual Expense Ratios

    As of 10/31/2023

      Per Common Share
    Management Fees1.56%
    Other Expenses:0.96%
    Baseline Expense: N/A
    Interest Expense:2.80%
    Total: 5.32%
    Fund Management

    Fund Sponsor
    Principal Funds

    Portfolio Managers
    Marc Peterson, Kelly D. Rush

    Basics
    Category: Equity-Real Estate
    Ticker: PGZ
    NAV Ticker: XPGZX
    Average Daily Volume (shares): 20,968
    Average Daily Volume (USD): $0.202M
    Inception Date: 6/26/2013
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 6/21/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 10/31/2023
    $0.2327
    Annualized Distribution Rate on NAV:
    As of 6/21/2024
    11.05%
    Total Return on NAV (12 months):
    As of 6/21/2024
    16.96%
    Avg. Portfolio Coupon:
    As of 6/21/2024
    3.51%
    Total % Portfolio Effectively Leveraged:
    As of 6/21/2024
    29.54%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/21/2024

    PeriodAvg Discount
    6 Month-11.16%
    1 Year-11.62%
    3 Year-12.54%
    5 Year-13.33%
    Z-Score

    As of 6/21/2024

    PeriodZStat
    3 Month-1.15
    6 Month-0.80
    1 Year-0.50
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2024
    Category: Morningstar US CEF Real Estate

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD11.73%10.49%1.63%-1.13%
    20233.99%-3.36%10.81%11.93%
    2022-27.96%-24.13%-30.98%-28.27%
    202138.67%27.03%45.52%35.15%
    2020-36.38%-27.43%-14.13%-8.26%
    201936.79%24.50%43.15%30.78%
    20183.90%3.94%-12.56%-7.65%
    201718.29%15.23%17.56%11.91%
    20166.20%5.79%8.87%7.00%
    2015-1.76%0.22%-0.08%0.88%
    201419.60%19.16%26.62%25.47%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2024
    Category: Morningstar US CEF Real Estate

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/21/2024
    3.51%
    Number of Holdings:
    As of 4/30/2024
    118
    Annual Portfolio Turnover:
    As of 10/31/2023
    37.00%
    Average Bond Price:
    As of 4/30/2024
    $78.09
    Asset Allocation

    As of 4/30/2024

    Top Sectors

    As of 4/30/2024

    Sector%Portfolio
    Securitized (Super Sector)98.61%
    Government Commercial Mortgage Backed98.30%
    Cyclical (Super Sector)42.13%
    Real Estate41.87%
    Corporate (Super Sector)1.54%
    Corporate Bond1.05%
    Preferred Stock0.49%
    Derivative (Super Sector)0.41%
    Future Forward0.41%
    Agency Mortgage Backed0.31%
    Top Holdings

    As of 4/30/2024

    HoldingValue% Portfolio
    COMM MORTGAGE TRUST 3.5%$3.61M4.85%
    BMO 2022-C1 MORTGAGE TRUST 2%$3.25M4.37%
    COMM 2012 Commercial Mortage Trust 3.92%$2.86M3.84%
    Commercial Mortgage Trust 3.99%$2.73M3.67%
    BENCHMARK 2022-B36 MORTGAGE TRUST 2.79%$2.64M3.55%
    CITIGROUP COMMERCIAL MORTGAGE TRUST 2022-GC48 2.54%$2.61M3.51%
    BBCMS MORTGAGE TRUST 2022-C18 4%$2.40M3.23%
    CITIGROUP COMMERCIAL MORTGAGE TRUST 3%$2.37M3.18%
    CITIGROUP COMMERCIAL MORTGAGE TRUST 4.08%$2.22M2.98%
    Gs Mortgage Securities Trust 2010-C1 5.64%$2.20M2.96%
    Credit Quality

    As of 4/30/2024

    Maturity Breakdown

    As of 4/30/2024

    Country Allocation

    As of 4/30/2024

    Country% Portfolio
    United States - Fixed Income98.61%
    United States - Equity25.97%
    Japan - Equity4.02%
    France - Equity2.40%
    Australia - Equity2.33%
    Canada - Equity1.51%
    United Kingdom - Equity1.42%
    Singapore - Equity1.16%
    Hong Kong - Equity1.09%
    Germany - Equity1.07%
    Spain - Equity0.57%
    Mexico - Equity0.39%
    South Korea - Equity0.20%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W