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Principal Real Estate Income Closed Fund (PGZ)
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Upturn Advisory Summary
01/08/2026: PGZ (1-star) is currently NOT-A-BUY. Pass it for now.
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 26.92% | Avg. Invested days 87 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 01/08/2026 |
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
The Principal Real Estate Income Closed Fund (formerly known as Principal Real Estate Investment Fund) is a non-diversified, closed-end management investment company. It was established to invest in a portfolio of income-producing real estate debt and equity investments, aiming to provide current income and capital appreciation. The fund's evolution has been guided by market conditions and the strategy of Principal Global Investors.
Core Business Areas
- Real Estate Debt Investments: Focuses on originating, acquiring, and managing a diversified portfolio of real estate loans, including commercial mortgages, mezzanine loans, and other real estate-related debt instruments. The goal is to generate consistent interest income.
- Real Estate Equity Investments: Invests in income-generating commercial real estate properties, such as office buildings, retail centers, industrial facilities, and multifamily properties. The aim is to generate rental income and benefit from potential property value appreciation.
Leadership and Structure
The fund is managed by Principal Global Investors, a subsidiary of Principal Financial Group. The management team is comprised of experienced real estate investment professionals. The fund operates as a closed-end investment company, meaning it issues a fixed number of shares that trade on a stock exchange.
Top Products and Market Share
Key Offerings
- Real Estate Income Fund Shares: The primary offering is shares of the closed-end fund, which provide investors with exposure to a diversified portfolio of real estate debt and equity. The fund's market share is a segment of the broader closed-end real estate fund market. Competitors include other actively managed closed-end real estate funds and publicly traded Real Estate Investment Trusts (REITs).
Market Dynamics
Industry Overview
The real estate investment market, particularly for income-producing properties and debt, is influenced by interest rate movements, economic growth, inflation, and real estate market fundamentals. The closed-end fund structure offers a way for investors to access this market with a fixed capital base.
Positioning
Principal Real Estate Income Closed Fund positions itself as a provider of diversified real estate income through professional management and access to institutional-quality assets. Its competitive advantages lie in the expertise of its management team and the scale of Principal Financial Group's real estate operations.
Total Addressable Market (TAM)
The TAM for real estate debt and equity investments is substantial, encompassing trillions of dollars globally. Principal Real Estate Income Closed Fund targets a specific segment within this market, focusing on income-generating strategies. Its position is as a niche player within the broader real estate investment landscape.
Upturn SWOT Analysis
Strengths
- Experienced management team with deep real estate expertise.
- Access to Principal Financial Group's extensive real estate network and resources.
- Diversified portfolio of real estate debt and equity investments.
- Closed-end structure provides a stable capital base for long-term investment.
Weaknesses
- Closed-end structure can lead to trading at a discount or premium to Net Asset Value (NAV).
- Reliance on interest rate environment for debt investments.
- Potential for illiquidity in certain real estate asset classes.
- Limited diversification compared to actively managed open-end funds or broad real estate ETFs.
Opportunities
- Potential for rising interest rates to increase returns on debt investments.
- Opportunities in under-valued or distressed real estate markets.
- Growth in demand for income-generating investments.
- Strategic partnerships or acquisitions to expand portfolio.
Threats
- Economic downturns impacting real estate values and tenant demand.
- Rising inflation increasing operating costs for properties and potential for interest rate hikes impacting borrowing costs.
- Increased competition from other real estate investment vehicles.
- Regulatory changes impacting real estate or investment funds.
Competitors and Market Share
Key Competitors
- Cohen & Steers Quality Income Realty Fund (RQI)
- Invesco Real Estate Income Fund (IIPR)
- BlackRock Real Assets Income Strategy Fund (RAIAX)
Competitive Landscape
Principal Real Estate Income Closed Fund competes with other closed-end funds and actively managed real estate investment strategies. Its advantages include its experienced management and the backing of Principal Financial Group. Disadvantages can include the inherent trading volatility of closed-end funds and the specificity of its investment focus.
Growth Trajectory and Initiatives
Historical Growth: Historical growth would be assessed by looking at the growth in the fund's Net Asset Value (NAV) and its ability to generate consistent income and dividends over time.
Future Projections: Future projections for Principal Real Estate Income Closed Fund are generally not provided as specific company projections. Instead, investors would look at broader real estate market forecasts and analyst expectations for the real estate sector.
Recent Initiatives: Recent initiatives would typically involve portfolio adjustments, property acquisitions or dispositions, or shifts in investment strategy to adapt to market conditions and enhance shareholder value.
Summary
Principal Real Estate Income Closed Fund offers diversified exposure to real estate debt and equity, leveraging the expertise of Principal Global Investors. Its strengths lie in its management team and established network, but it faces challenges common to closed-end funds, such as potential discounts to NAV and market volatility. Continued focus on income generation and prudent asset management will be crucial for its success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Principal Financial Group Investor Relations
- SEC Filings (EDGAR)
- Financial Data Providers (e.g., Morningstar, Yahoo Finance)
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Investment decisions should be made after consulting with a qualified financial advisor and conducting thorough due diligence. Market share data is an estimation and may vary depending on the reporting methodology. Past performance is not indicative of future results.
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.
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