Principal Real Estate Income Closed Fund (PGZ) - Net Assets
Based on the latest financial reports, Principal Real Estate Income Closed Fund (PGZ) has net assets worth $76.03 Million USD as of October 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($109.90 Million) and total liabilities ($33.86 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Principal Real Estate Income Closed Fund to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $76.03 Million |
| % of Total Assets | 69.18% |
| Annual Growth Rate | -6.83% |
| 5-Year Change | -37.18% |
| 10-Year Change | N/A |
| Growth Volatility | 23.11 |
Principal Real Estate Income Closed Fund - Net Assets Trend (2017–2025)
This chart illustrates how Principal Real Estate Income Closed Fund's net assets have evolved over time, based on quarterly financial data. Also explore Principal Real Estate Income Closed Fund total assets for the complete picture of this company's asset base.
Annual Net Assets for Principal Real Estate Income Closed Fund (2017–2025)
The table below shows the annual net assets of Principal Real Estate Income Closed Fund from 2017 to 2025. For live valuation and market cap data, see Principal Real Estate Income Closed Fund (PGZ) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $76.03 Million | -4.16% |
| 2024-10-31 | $79.33 Million | +20.71% |
| 2023-10-31 | $65.72 Million | -24.48% |
| 2022-10-31 | $87.02 Million | -28.10% |
| 2021-10-31 | $121.03 Million | +26.72% |
| 2020-10-31 | $95.51 Million | -39.44% |
| 2019-10-31 | $157.72 Million | +16.98% |
| 2018-10-31 | $134.82 Million | +0.70% |
| 2017-10-31 | $133.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Principal Real Estate Income Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3334229300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $111.14 Million | 146.18% |
| Total Equity | $76.03 Million | 100.00% |
Principal Real Estate Income Closed Fund Competitors by Market Cap
The table below lists competitors of Principal Real Estate Income Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PT Wahana Interfood Nusantara Tbk
JK:COCO
|
$66.74 Million |
|
NEOOTO Co. Ltd
KQ:212560
|
$66.75 Million |
|
TSA
KLSE:0297
|
$66.78 Million |
|
Daejung Chemicals & Metals Co.Ltd
KQ:120240
|
$66.79 Million |
|
Pricer AB (publ)
ST:PRIC-B
|
$66.73 Million |
|
RENERGEN LTD CDI/1:1
F:996
|
$66.72 Million |
|
INFOMARK Co. Ltd
KQ:175140
|
$66.72 Million |
|
Loop Industries Inc
NASDAQ:LOOP
|
$66.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Principal Real Estate Income Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 79,330,490 to 76,030,465, a change of -3,300,025 (-4.2%).
- Net income of 5,134,552 contributed positively to equity growth.
- Dividend payments of 8,434,577 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.13 Million | +6.75% |
| Dividends Paid | $8.43 Million | -11.09% |
| Total Change | $- | -4.16% |
Book Value vs Market Value Analysis
This analysis compares Principal Real Estate Income Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.52x to 0.89x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-10-31 | $19.45 | $10.10 | x |
| 2018-10-31 | $19.60 | $10.10 | x |
| 2019-10-31 | $22.86 | $10.10 | x |
| 2020-10-31 | $13.85 | $10.10 | x |
| 2021-10-31 | $17.76 | $10.10 | x |
| 2022-10-31 | $12.79 | $10.10 | x |
| 2023-10-31 | $9.75 | $10.10 | x |
| 2024-10-31 | $11.85 | $10.10 | x |
| 2025-10-31 | $11.36 | $10.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Principal Real Estate Income Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 84.67%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.45x
- Recent ROE (6.75%) is above the historical average (-0.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 10.75% | 95.35% | 0.08x | 1.45x | $1.00 Million |
| 2018 | 7.45% | 92.71% | 0.06x | 1.45x | $-3.44 Million |
| 2019 | 20.29% | 97.64% | 0.15x | 1.38x | $16.23 Million |
| 2020 | -55.59% | 0.00% | -0.38x | 1.45x | $-62.65 Million |
| 2021 | 27.56% | 97.76% | 0.20x | 1.42x | $21.25 Million |
| 2022 | -29.63% | 0.00% | -0.19x | 1.50x | $-34.48 Million |
| 2023 | -17.85% | 0.00% | -0.11x | 1.50x | $-18.30 Million |
| 2024 | 27.79% | 499.30% | 0.04x | 1.44x | $14.11 Million |
| 2025 | 6.75% | 84.67% | 0.06x | 1.45x | $-2.47 Million |
Industry Comparison
This section compares Principal Real Estate Income Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Principal Real Estate Income Closed Fund (PGZ) | $76.03 Million | 10.75% | 0.45x | $66.74 Million |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About Principal Real Estate Income Closed Fund
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 st… Read more