PGZ

Principal Real Estate Income Fund (PGZ) is a closed-end investment fund that focuses on generating current income through investments in real estate securities and real estate-related debt instruments. Managed by Principal Global Investors, the fund primarily invests in commercial mortgage-backed securities (CMBS), residential mortgage-backed securities (RMBS), real estate investment trusts (REITs), and other real estate-related assets. The fund employs a diversified strategy across property types including multifamily, office, retail, industrial, and hospitality sectors. PGZ utilizes leverage to enhance potential returns, typically maintaining a managed leverage ratio between 25-35% of total managed assets. The fund's portfolio management team conducts fundamental credit analysis and relative value assessments to identify investment opportunities across the real estate debt and equity markets. As a closed-end fund, PGZ trades on the New York Stock Exchange and may trade at a premium or discount to its net asset value (NAV). The fund distributes income to shareholders on a monthly basis, making it attractive to income-focused investors seeking exposure to real estate securities. Principal Global Investors, the fund's advisor, manages approximately $500 billion in assets globally and has extensive expertise in real estate investment management across public and private markets.