Principal Real Estate Income Fund (PGZ)
Market Value | 71.63M |
Revenue (ttm) | n/a |
Net Income (ttm) | n/a |
Shares Out | 6.69M |
EPS (ttm) | n/a |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | $1.26 (11.78%) |
Ex-Dividend Date | Jan 16, 2025 |
Volume | 10,947 |
Open | 10.71 |
Previous Close | 10.71 |
Day's Range | 10.68 - 10.77 |
52-Week Range | 9.03 - 11.31 |
Beta | 1.07 |
Analysts | n/a |
Price Target | n/a |
Earnings Date | n/a |
About PGZ
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 forw... [Read more]
News
Principal Real Estate Income Fund Announces Notification of Sources of Distribution
DENVER , Oct. 31, 2024 /PRNewswire/ -- The Principal Real Estate Income Fund (NYSE: PGZ) announces the sources of a distribution paid on October 31, 2024 of $0.1050 per share to shareholders of record...
PRINCIPAL REAL ESTATE INCOME FUND ANNOUNCES RESULTS OF VOTE FOR TRUSTEES
DENVER , April 16, 2024 /PRNewswire/ -- During the Annual Meeting of Shareholders of the Principal Real Estate Income Fund (NYSE: PGZ, the "Fund"), held on April 12th, 2024, the two Trustees nominated...
Principal Real Estate Fund Announces Notification of Sources of Distribution
DENVER, March 28, 2024 /PRNewswire/ -- The Principal Real Estate Income Fund (NYSE: PGZ) announces the sources of a distribution paid on March 28, 2024 of $0.1050 per share to shareholders of record a...
Earn Up To 14% Dividend Yield From REIT CEFs
REIT closed-end funds, or CEFs, are offering historically high dividend yields. Some yield as much as 14% right now. Is this an opportunity? We highlight various REIT CEFs and explain which is our fav...
The Month In Closed-End Funds: January 2024
For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs ...
PRINCIPAL REAL ESTATE INCOME FUND
Principal Real Estate Fund Announces Notification of Sources of Distribution DENVER , May 31, 2023 /PRNewswire/ -- The Principal Real Estate Income Fund (NYSE:PGZ) announces the sources of a distribut...
PGZ: With Regional Bank Weakness, CRE Is In Trouble (Rating Downgrade)
The Principal Real Estate Income Fund is a closed end fund focused on fixed income. PGZ has a significant amount of mezz CMBS collateral.
PGZ: CMBS CEF, 40% Upside Once It Bottoms
The Principal Real Estate Income Fund is a closed-end fund in the fixed-income space. The CEF focuses on below-investment-grade CMBS tranches and REIT Equity.
Quick Notes On PGZ
A former top entrant, PGZ no longer makes the cut in the High-High-Low report due to declining coverage to 70%. Earnings have shown a serious decline over the last months as we expected.
High-Yield REIT CEFs And ETFs: No Free Lunch
"Cheap REITs Got Cheaper" was a prevailing theme of 2020. High-yield real estate ETFs and CEFs underperformed in 2020 on average, but there were a few strategies that proved resilient. High-Yield ETFs...
The 'High-High-Low' Closed-End Fund Report, December 2020
Only funds with yield over 7.5%, coverage higher than 90% and trading at a discount are considered. Top lists of discount, yield, DxY and DxYxZ are given.
Principal Real Estate Income Fund Is In Tough Sector With Tax Loss Selling Pressure, But Looks Cheap
The fund is one of the worst performers in the last year having lost half of its value and deleveraging back in March/April. The distribution was recently cut to 8 cents per share per month from 11 ce...
PGZ: A Contrarian Play On Commercial Real Estate With An 8.8% Yield
PGZ holds the riskier tranches of commercial mortgage-backed securities (CMBS).
PGZ: Questions Remain On This Deeply Discounted CEF
PGZ faces a number of headwinds - its lower quality overweight in cyclical real estate sectors and a sharp drop in earnings capacity.
Principal Real Estate Inc Fund: Top-Performing CEF With A Unique Strategy
We have a cautious outlook on real estate but view PGZ as a quality pick and would look to buy on any material pullback.
5 Best CEFs To Buy For October 2019
For income investors, closed-end funds are an attractive investment class that covers a variety of asset classes and promises high distributions and a reasonable total return.
3 Monthly 7% High Yielders, Beating The Market In 2019, Selling At Discounts - No K-1s
The yields are 7% to 7.5%, and all three pay monthly.