Principal Real Estate Income Fund (PGZ)
Principal Real Estate Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Denver, CO, US. The stock last traded at $9.08, down 0.22% on the session, giving a market capitalisation of $60.8M. On trailing twelve-month figures it carries a trailing P/E of 9.27, a net margin of 71.2%. Its beta of 0.71 implies it has historically moved less than the broad market.
The Principal Real Estate Income Fund (PGZ) operates as a closed-end, balanced mutual fund, managed by ALPS Advisers, Inc., with Principal Real Estate Investors, LLC acting as co-manager. This fund primarily allocates capital to public equity and fixed-income securities within the United States. Its portfolio specifically targets commercial mortgage-backed securities, real estate investment trusts (REITs), and analogous entities, favoring value-oriented companies. To enhance its investment strategies, the fund employs a variety of financial derivatives, including credit default swaps, interest rate swaps, caps, floors, collars, currency futures and forwards, rate forwards, and interest rate futures. Its investment methodology is rooted in fundamental analysis, integrating both top-down macroeconomic perspectives and bottom-up security selection. This analytical framework assesses factors such as the broader economic outlook, the real estate cycle, core real estate fundamentals, and makes tactical allocation adjustments based on ongoing market valuations, quantitative analysis, and technical indicators. The fund was established on August 31, 2012, and is domiciled in the United States.
Principal Real Estate Income Fund is most often compared with the following Financial Services names: