Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
Principal Real Estate Income Closed Fund (PGZ)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/28/2025: PGZ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit 27.9% | Avg. Invested days 76 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 70.09M USD | Price to earnings Ratio 3.18 | 1Y Target Price - |
Price to earnings Ratio 3.18 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta - | 52 Weeks Range 8.96 - 10.56 | Updated Date 06/29/2025 |
52 Weeks Range 8.96 - 10.56 | Updated Date 06/29/2025 | ||
Dividends yield (FY) 12.03% | Basic EPS (TTM) 3.29 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE 3.18 | Forward PE - | Enterprise Value - | Price to Sales(TTM) 3.05 |
Enterprise Value - | Price to Sales(TTM) 3.05 | ||
Enterprise Value to Revenue 4.44 | Enterprise Value to EBITDA - | Shares Outstanding 6694110 | Shares Floating - |
Shares Outstanding 6694110 | Shares Floating - | ||
Percent Insiders 0.03 | Percent Institutions 27.53 |
Upturn AI SWOT
Principal Real Estate Income Closed Fund
Company Overview
History and Background
Principal Real Estate Income Fund (PGZ) is a closed-end fund focused on real estate investments. The fund aims to provide high current income and, secondarily, capital appreciation by investing primarily in commercial mortgage-backed securities (CMBS). PGZ began trading in 2012.
Core Business Areas
- CMBS Investments: Investments in commercial mortgage-backed securities, which are securities backed by commercial mortgages. This includes actively managed portfolios of real estate debt and equity investments.
- Real Estate Debt: Direct investments in real estate debt instruments, offering fixed or floating interest rates.
- Real Estate Equity: Investing in the equity of real estate properties, allowing for potential capital appreciation.
Leadership and Structure
PGZ is managed by Principal Global Investors, LLC. The fund is overseen by a board of directors. Portfolio management is handled by a team specializing in real estate investments.
Top Products and Market Share
Key Offerings
- Commercial Mortgage-Backed Securities (CMBS): The fund's primary focus is on CMBS, offering investors exposure to a diversified pool of commercial mortgages. Market share is difficult to determine directly, but PGZ competes with other CMBS funds and investment trusts like AGNC Investment Corp (AGNC) and Annaly Capital Management (NLY).
Market Dynamics
Industry Overview
The CMBS market is influenced by factors such as interest rates, economic growth, and commercial real estate values. Demand for CMBS is tied to investor appetite for income-generating assets.
Positioning
PGZ positions itself as an income-focused fund within the real estate investment sector. Its competitive advantage lies in Principal's real estate expertise and active management style.
Total Addressable Market (TAM)
The total addressable market is the overall CMBS market, which fluctuates based on interest rates and economic factors. PGZ is positioned to capture a segment of this market through its actively managed fund.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Focus on income generation
- Diversification within CMBS market
Weaknesses
- Exposure to interest rate risk
- Reliance on CMBS market performance
- Closed-end fund structure can lead to trading at a discount to NAV
Opportunities
- Rising interest rate environment (potentially benefiting floating-rate CMBS)
- Increased demand for income-generating assets
- Expansion into new real estate debt strategies
Threats
- Economic downturn impacting commercial real estate
- Increased competition from other CMBS funds
- Regulatory changes affecting CMBS market
Competitors and Market Share
Key Competitors
- AGN
- NLY
- BXMT
- STWD
Competitive Landscape
PGZ competes with other real estate investment trusts (REITs) and CMBS funds. PGZ's smaller size can be a disadvantage compared to larger competitors.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is tied to the performance of the CMBS market and the fund's investment strategy.
Future Projections: Future growth depends on market forecasts for commercial real estate and CMBS. Analyst estimates should be presented numerically for charting.
Recent Initiatives: Any recent changes to the fund's investment strategy or management team should be highlighted.
Summary
Principal Real Estate Income Fund provides investors with a closed-end fund focused on real estate debt. It's strengths lie in its experienced management and diversified CMBS portfolio. Weaknesses include risks from changes in interest rates. With a rating of 3, the fund requires careful monitoring of CMBS market dynamics.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Principal Global Investors
- SEC Filings
- Financial News Outlets
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Investment decisions should be based on your own research and due diligence.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Principal Real Estate Income Closed Fund
Exchange NYSE | Headquaters Denver, CO, United States | ||
IPO Launch date 2013-06-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://www.principalcef.com |
Full time employees - | Website https://www.principalcef.com | ||
Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc. It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities. The fund invests in value stocks of companies. It uses financial derivatives such as credit default swaps, interest rate swaps, caps, floors and collars, currency futures and forwards, rate forwards, and interest rate futures to invest in securities. The fund employs fundamental analysis with a combination of top-down and bottom-up stock picking approach while focusing on factors such as macro outlook on the economy, real estate cycle and real estate fundamentals, shorter-term tactical allocation shifts upon a continual assessment of market valuations, quantitative, analysis, and technical indicators to create it portfolio. Principal Real Estate Income Fund was formed on August 31, 2012 and is domiciled in the United States.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.