Principal Real Estate Income Fund (PGZ)Financial Services | Asset Management | Denver, United States | NYSE
8.73 USD
-0.08
(-0.908%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 8.73 |
Hot Take ↕ | Oct. 10, 2026, 4:08 a.m. EDT
The investment case here is fundamentally broken by a payout ratio exceeding 129%, signaling that distributions are being funded by capital erosion rather than earnings. While the headline yield of 14.3% is attractive, it is a trap for income investors as the fund is burning through its principal to maintain payments. This structural weakness is compounded by a brutal multi-year price trajectory, which has lost over 40% of its value since 2016, with the most recent annual period showing a decline. Although the stock recently posted a modest gain, the broader trend remains deeply bearish, and the statistical forecast suggests continued downward pressure in the near term. There is no compelling reason to add to a position where the business is shrinking and the balance sheet is deteriorating. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.051681 |
| AutoETS | 0.053075 |
| AutoARIMA | 0.053076 |
| MSTL | 0.057981 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 57% |
| H-stat | 77.57 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.095 |
| Excess Kurtosis | -0.79 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-10-15 |
| Last Dividend Date | 2026-09-15 |
| Market Cap | 58,439,576 |
| Trailing P/E | 9.00 |
| Website | https://www.principalcef.com |
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.13% | 12.50% | 12.43% | 11.51% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-16 | 0.105 | 1.130248 |
| 2026-08-17 | 0.105 | 1.042701 |
| 2026-07-17 | 0.105 | 1.021401 |
| 2026-06-15 | 0.105 | 1.047904 |
| 2026-05-14 | 0.105 | 1.065990 |
| 2026-04-16 | 0.105 | 1.012536 |
| 2026-03-17 | 0.105 | 1.043738 |
| 2026-02-12 | 0.105 | 1.005747 |
| 2026-01-15 | 0.105 | 1.031434 |
| 2025-12-16 | 0.105 | 1.062753 |
| 2025-11-07 | 0.105 | 1.022395 |
| 2025-10-17 | 0.105 | 1.010587 |
| 2025-09-16 | 0.105 | 1.004785 |
| 2025-08-15 | 0.105 | 1.020408 |
| 2025-07-17 | 0.105 | 1.007678 |
| 2025-06-13 | 0.105 | 1.000000 |
| 2025-05-15 | 0.105 | 1.030422 |
| 2025-04-15 | 0.105 | 1.052104 |
| 2025-03-17 | 0.105 | 1.010587 |
| 2025-02-13 | 0.105 | 1.012536 |
| 2025-01-16 | 0.105 | 1.020408 |
| 2024-12-16 | 0.105 | 1.014493 |
| 2024-11-08 | 0.105 | 0.980392 |
| 2024-10-17 | 0.105 | 0.965074 |
| 2024-09-16 | 0.105 | 0.938338 |
| 2024-08-16 | 0.105 | 0.995261 |
| 2024-07-17 | 0.105 | 0.997151 |
| 2024-06-13 | 0.105 | 1.041667 |
| 2024-05-15 | 0.105 | 1.030422 |
| 2024-04-15 | 0.105 | 1.078029 |
| 2024-03-13 | 0.105 | 1.009615 |
| 2024-02-13 | 0.105 | 1.043738 |
| 2024-01-16 | 0.105 | 1.100629 |
| 2023-12-13 | 0.105 | 1.132686 |
| 2023-11-15 | 0.105 | 1.148796 |
| 2023-10-16 | 0.105 | 1.169265 |
| 2023-09-14 | 0.105 | 1.125402 |
| 2023-08-16 | 0.105 | 1.120598 |
| 2023-07-17 | 0.105 | 1.090343 |
| 2023-06-15 | 0.105 | 1.108764 |
| 2023-05-15 | 0.105 | 1.106428 |
| 2023-04-13 | 0.105 | 1.113468 |
| 2023-03-16 | 0.105 | 1.079137 |
| 2023-02-09 | 0.105 | 0.934164 |
| 2023-01-12 | 0.105 | 0.945946 |
| 2022-12-14 | 0.105 | 0.951949 |
| 2022-11-14 | 0.105 | 0.958029 |
| 2022-10-13 | 0.105 | 0.958904 |
| 2022-09-15 | 0.105 | 0.852965 |
| 2022-08-16 | 0.105 | 0.760319 |
| 2022-07-14 | 0.105 | 0.825472 |
| 2022-06-15 | 0.105 | 0.837321 |
| 2022-05-12 | 0.105 | 0.797872 |
| 2022-04-13 | 0.100 | 0.656599 |
| 2022-03-16 | 0.100 | 0.675676 |
| 2022-02-10 | 0.100 | 0.657030 |
| 2022-01-13 | 0.088 | 0.559441 |
| 2021-12-15 | 0.088 | 0.587450 |
| 2021-11-10 | 0.088 | 0.568475 |
| 2021-10-14 | 0.085 | 0.551232 |
| 2021-09-15 | 0.085 | 0.542784 |
| 2021-08-16 | 0.085 | 0.553746 |
| 2021-07-15 | 0.083 | 0.537913 |
| 2021-06-15 | 0.083 | 0.525316 |
| 2021-05-13 | 0.083 | 0.570839 |
| 2021-04-15 | 0.080 | 0.564175 |
| 2021-03-16 | 0.080 | 0.590406 |
| 2021-02-10 | 0.080 | 0.614439 |
| 2021-01-14 | 0.080 | 0.646726 |
| 2020-12-16 | 0.080 | 0.661157 |
| 2020-11-12 | 0.080 | 0.730594 |
| 2020-10-15 | 0.110 | 1.026119 |
| 2020-09-15 | 0.110 | 0.944206 |
| 2020-08-13 | 0.110 | 0.933786 |
| 2020-07-16 | 0.110 | 0.914381 |
| 2020-06-15 | 0.110 | 0.886382 |
| 2020-05-14 | 0.110 | 0.976909 |
| 2020-04-15 | 0.110 | 0.863422 |
| 2020-03-16 | 0.110 | 0.814212 |
| 2020-02-13 | 0.110 | 0.510915 |
| 2020-01-15 | 0.110 | 0.516190 |
| 2019-12-16 | 0.110 | 0.526064 |
| 2019-11-14 | 0.110 | 0.523311 |
| 2019-10-11 | 0.110 | 0.540541 |
| 2019-09-16 | 0.110 | 0.554435 |
| 2019-08-14 | 0.110 | 0.572321 |
| 2019-07-16 | 0.110 | 0.572023 |
| 2019-06-13 | 0.110 | 0.577125 |
| 2019-05-16 | 0.110 | 0.586980 |
| 2019-04-17 | 0.110 | 0.587921 |
| 2019-03-14 | 0.110 | 0.607735 |
| 2019-02-14 | 0.110 | 0.610772 |
| 2019-01-17 | 0.110 | 0.642899 |
| 2018-12-17 | 0.110 | 0.668693 |
| 2018-11-15 | 0.110 | 0.642899 |
| 2018-10-16 | 0.110 | 0.636574 |
| 2018-09-13 | 0.110 | 0.615557 |
| 2018-08-16 | 0.110 | 0.602740 |
| 2018-07-16 | 0.110 | 0.626067 |
| 2018-06-18 | 0.110 | 0.628931 |
| 2018-05-21 | 0.110 | 0.649351 |
| 2018-04-12 | 0.110 | 0.661058 |
| 2018-03-15 | 0.110 | 0.655933 |
| 2018-02-15 | 0.110 | 0.670323 |
| 2018-01-11 | 0.110 | 0.645540 |
| 2017-12-14 | 0.110 | 0.642523 |
| 2017-11-16 | 0.110 | 0.644028 |
| 2017-10-12 | 0.110 | 0.611791 |
| 2017-09-14 | 0.145 | 0.820136 |
| 2017-08-10 | 0.145 | 0.808250 |
| 2017-07-13 | 0.145 | 0.785482 |
| 2017-06-15 | 0.145 | 0.791917 |
| 2017-05-18 | 0.145 | 0.835735 |
| 2017-04-12 | 0.145 | 0.838635 |
| 2017-03-16 | 0.145 | 0.872968 |
| 2017-02-16 | 0.145 | 0.860534 |
| 2017-01-12 | 0.145 | 0.896722 |
| 2016-12-15 | 0.145 | 0.911950 |
| 2016-11-17 | 0.145 | 0.928892 |
| 2016-10-13 | 0.145 | 0.846468 |
| 2016-09-15 | 0.145 | 0.829994 |
| 2016-08-11 | 0.145 | 0.817823 |
| 2016-07-14 | 0.145 | 0.813236 |
| 2016-06-16 | 0.145 | 0.806452 |
| 2016-05-12 | 0.145 | 0.861557 |
| 2016-04-14 | 0.145 | 0.857481 |
| 2016-03-17 | 0.145 | 0.891211 |
| 2016-02-11 | 0.145 | 0.989086 |
| 2016-01-14 | 0.145 | 0.915982 |
| 2015-12-17 | 0.145 | 0.891759 |
| 2015-11-12 | 0.145 | 0.865672 |
| 2015-10-15 | 0.145 | 0.833333 |
| 2015-09-10 | 0.145 | 0.853443 |
| 2015-08-13 | 0.145 | 0.803769 |
| 2015-07-16 | 0.145 | 0.785482 |
| 2015-06-11 | 0.145 | 0.730479 |
| 2015-05-14 | 0.145 | 0.742828 |
| 2015-04-09 | 0.145 | 0.747808 |
| 2015-03-12 | 0.145 | 0.752075 |
| 2015-02-12 | 0.145 | 0.732323 |
| 2015-01-15 | 0.140 | 0.739567 |
| 2014-12-11 | 0.140 | 0.727273 |
| 2014-11-13 | 0.140 | 0.720165 |
| 2014-10-16 | 0.140 | 0.745077 |
| 2014-09-11 | 0.140 | 0.717213 |
| 2014-08-14 | 0.140 | 0.723514 |
| 2014-07-17 | 0.140 | 0.726895 |
| 2014-06-12 | 0.140 | 0.715381 |
| 2014-05-15 | 0.140 | 0.741525 |
| 2014-04-10 | 0.140 | 0.757576 |
| 2014-03-13 | 0.140 | 0.778210 |
| 2014-02-13 | 0.140 | 0.779510 |
| 2014-01-16 | 0.135 | 0.777202 |
| 2013-12-12 | 0.135 | 0.803093 |
| 2013-11-14 | 0.135 | 0.788551 |
| 2013-10-17 | 0.135 | 0.778098 |
| 2013-09-12 | 0.135 | 0.793651 |
| 2013-08-15 | 0.135 | 0.697674 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.15854824 |
| Address1 | 1,290 Broadway |
| Address2 | Suite 1000 |
| All Time High | 22.01 |
| All Time Low | 8.46 |
| Ask | 9.0 |
| Ask Size | 500 |
| Average Daily Volume10 Day | 23,230 |
| Average Daily Volume3 Month | 20,267 |
| Average Volume | 20,267 |
| Average Volume10Days | 23,230 |
| Bid | 8.45 |
| Bid Size | 100 |
| City | Denver |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 8.73 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 8.8099 |
| Day Low | 8.73 |
| Display Name | Principal RE Income Fund |
| Dividend Date | 1,556,582,400 |
| Dividend Yield | 14.3 |
| Ebitda Margins | 0.0 |
| Eps Trailing Twelve Months | 0.97 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,792,108,800 |
| Exchange | NYQ |
| Exchange Data Delayed By | 20 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 303 623 7850 |
| Fifty Day Average | 9.5756 |
| Fifty Day Average Change | -0.8456001 |
| Fifty Day Average Change Percent | -0.0883078 |
| Fifty Two Week Change Percent | -15.854824 |
| Fifty Two Week High | 10.58 |
| Fifty Two Week High Change | -1.8500004 |
| Fifty Two Week High Change Percent | -0.17485826 |
| Fifty Two Week Low | 8.73 |
| Fifty Two Week Low Change | 0.0 |
| Fifty Two Week Low Change Percent | 0.0 |
| Fifty Two Week Range | 8.73 - 10.58 |
| First Trade Date Milliseconds | 1,372,253,400,000 |
| Five Year Avg Dividend Yield | 10.94 |
| Full Exchange Name | NYSE |
| Fullday Change | -0.05720043 |
| Fullday Change Percent | -0.6434244 |
| Fullday Price | 8.73 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.0 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.000020000001 |
| Held Percent Institutions | 0.26205 |
| Implied Shares Outstanding | 6,694,110 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Language | en-US |
| Last Dividend Date | 1,789,516,800 |
| Last Dividend Value | 0.105 |
| Long Business Summary | 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. |
| Long Name | Principal Real Estate Income Fund |
| Market | us_market |
| Market Cap | 58,439,576 |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_240359340 |
| Non Diluted Market Cap | 61,451,920 |
| Open | 8.81 |
| Operating Margins | 0.0 |
| Payout Ratio | 1.2928 |
| Phone | 303 623 2577 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 8.73 |
| Post Market Time | 1,792,008,604 |
| Previous Close | 8.81 |
| Price Hint | 2 |
| Profit Margins | 0.0 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.0800009 |
| Regular Market Change Percent | -0.908069 |
| Regular Market Day High | 8.8099 |
| Regular Market Day Low | 8.73 |
| Regular Market Day Range | 8.73 - 8.8099 |
| Regular Market Open | 8.81 |
| Regular Market Previous Close | 8.81 |
| Regular Market Price | 8.73 |
| Regular Market Time | 1,792,008,003 |
| Regular Market Volume | 14,340 |
| Sand P52 Week Change | 0.17004645 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 6,694,109 |
| Shares Percent Shares Out | 0.0011 |
| Shares Short | 7,623 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 8,604 |
| Short Name | Principal Real Estate Income Fu |
| Short Percent Of Float | 0.0011 |
| Short Ratio | 0.39 |
| Source Interval | 15 |
| State | CO |
| Symbol | PGZ |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 0.97 |
| Trailing P E | 8.999999 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 9.9683 |
| Two Hundred Day Average Change | -1.2383003 |
| Two Hundred Day Average Change Percent | -0.12422382 |
| Type Disp | Equity |
| Volume | 14,340 |
| Website | https://www.principalcef.com |
| Zip | 80,203 |