Principal Real Estate Income Fund
Sponsor: Principal Real Estate (ALPS) · Inception Jun 26, 2013 · Pays monthly
Market priceShare price
$8.89
+1.83% (+$0.16)
NAVAsset value per share
$10.24
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
13.18% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
14.17%
regular, annualised · on NAV 12.30%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 3:59 PM EDT (exchange time, ET) · retrieved Oct 16, 2026, 9:15 AM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jul 31, 2026, filed Sep 21, 2026. 122 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | Bmo 2022-c1 Mortgage Trust | MBS | United States | 3.62% | $3.8M |
| 2 | Comm Mortgage Trust | MBS | United States | 3.15% | $3.3M |
| 3 | Equinix Inc | Equity | United States | 2.49% | $2.6M |
| 4 | Wells Fargo Commercial Mortgage Trust | MBS | United States | 2.47% | $2.6M |
| 5 | Citigroup Commercial Mortgage Trust | MBS | United States | 2.35% | $2.5M |
| 6 | Msrw Pass-through Trust | MBS | United States | 2.24% | $2.4M |
| 7 | Citigroup Commercial Mortgage Trust | MBS | United States | 2.23% | $2.4M |
| 8 | Legends Outlets (kansas City, Ks) Mortgage Secured Pass-through Trust | MBS | United States | 2.17% | $2.3M |
| 9 | Benchmark Mortgage Trust | MBS | United States | 2.03% | $2.1M |
| 10 | Msrw Pass-through Trust | MBS | United States | 1.87% | $2M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Mortgage-backed | 65.82% | $69.5M |
| Equity (common) | 33.72% | $35.6M |
| Short-term investment vehicle | 0.46% | $489K |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 87.78% | $92.8M |
| France | 2.61% | $2.8M |
| Australia | 2.10% | $2.2M |
| Japan | 1.81% | $1.9M |
| Singapore | 1.64% | $1.7M |
| Canada | 1.39% | $1.5M |
| United Kingdom | 0.68% | $719K |
| Hong Kong | 0.58% | $609K |
| Belgium | 0.48% | $506K |
| Bermuda | 0.35% | $372K |
| Spain | 0.30% | $316K |
| Netherlands | 0.17% | $183K |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 87.78% | $92.8M |
| Developed Europe | 4.24% | $4.5M |
| Asia ex-Japan | 2.22% | $2.3M |
| Australia & New Zealand | 2.10% | $2.2M |
| Japan | 1.81% | $1.9M |
| Canada | 1.39% | $1.5M |
| Offshore domiciles | 0.46% | $482K |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 99.54% | $105M |
| Registered fund | 0.46% | $489K |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 65.82% | $69.5M |
| Level 1 | 34.18% | $36.1M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.00% | $106M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 122 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| Bmo 2022-c1 Mortgage Trustrestricted | 05609MBJ3 | MBS | CORP | United States | 5,548,000 | principal | $3.8M | 3.62% | 2 |
| Comm Mortgage Trustrestricted | 12592KAG9 | MBS | CORP | United States | 5,004,500 | principal | $3.3M | 3.15% | 2 |
| Equinix Inc | 29444U700 | Equity | CORP | United States | 2,577 | shares | $2.6M | 2.49% | 1 |
| Wells Fargo Commercial Mortgage Trustrestricted | 95004JAJ3 | MBS | CORP | United States | 32,613,000 | principal | $2.6M | 2.47% | 2 |
| Citigroup Commercial Mortgage Trust | 17328CAH5 | MBS | CORP | United States | 2,700,000 | principal | $2.5M | 2.35% | 2 |
| Msrw Pass-through Trustrestricted | 553610AE6 | MBS | CORP | United States | 2,437,568 | principal | $2.4M | 2.24% | 2 |
| Citigroup Commercial Mortgage Trustrestricted | 17328HAJ0 | MBS | CORP | United States | 4,074,000 | principal | $2.4M | 2.23% | 2 |
| Legends Outlets (kansas City, Ks) Mortgage Secured Pass-through Trustrestricted | 524947AF5 | MBS | CORP | United States | 2,320,000 | principal | $2.3M | 2.17% | 2 |
| Benchmark Mortgage Trustrestricted | 08163QAA6 | MBS | CORP | United States | 15,860,000 | principal | $2.1M | 2.03% | 2 |
| Msrw Pass-through Trustrestricted | 55361CAE0 | MBS | CORP | United States | 2,000,000 | principal | $2M | 1.87% | 2 |
| Bmo Mortgage Trustrestricted | 09663VAS9 | MBS | CORP | United States | 2,800,000 | principal | $2M | 1.87% | 2 |
| Sabra Health Care Reit Inc | 78573L106 | Equity | CORP | United States | 92,141 | shares | $2M | 1.85% | 1 |
| Barclays Commercial Mortgage Securities Llcrestricted | 07337AAX4 | MBS | CORP | United States | 3,000,000 | principal | $1.9M | 1.82% | 2 |
| Bmo Mortgage Trustrestricted | 05610CAP9 | MBS | CORP | United States | 2,125,000 | principal | $1.9M | 1.78% | 2 |
| Wells Fargo Commercial Mortgage Trustrestricted | 95004MAJ6 | MBS | CORP | United States | 21,800,000 | principal | $1.9M | 1.78% | 2 |
| Welltower Inc | 95040Q104 | Equity | CORP | United States | 7,930 | shares | $1.9M | 1.76% | 1 |
| Bankrestricted | 06540BAJ8 | MBS | CORP | United States | 2,500,000 | principal | $1.9M | 1.76% | 2 |
| Mercialys Sa | FR0010241638 | Equity | CORP | France | 125,603 | shares | $1.7M | 1.64% | 1 |
| Bankrestricted | 06539WAE6 | MBS | CORP | United States | 3,000,000 | principal | $1.7M | 1.63% | 2 |
| Barclays Commercial Mortgage Securities Llcrestricted | 07336VAJ0 | MBS | CORP | United States | 2,900,000 | principal | $1.7M | 1.58% | 2 |
| Citigroup Commercial Mortgage Trust | 17328HBJ9 | MBS | CORP | United States | 2,000,000 | principal | $1.6M | 1.53% | 2 |
| Cantor Commercial Real Estate Lending | 12528YAL7 | MBS | CORP | United States | 1,750,000 | principal | $1.5M | 1.47% | 2 |
| Benchmark Mortgage Trust | 08162WBH8 | MBS | CORP | United States | 2,000,000 | principal | $1.5M | 1.44% | 2 |
| Barclays Commercial Mortgage Securities Llcrestricted | 07336VAG6 | MBS | CORP | United States | 2,125,000 | principal | $1.5M | 1.43% | 2 |
| Bankrestricted | 06539YAA0 | MBS | CORP | United States | 1,949,000 | principal | $1.5M | 1.42% | 2 |
| Benchmark Mortgage Trust | 08160KAK0 | MBS | CORP | United States | 1,862,000 | principal | $1.5M | 1.42% | 2 |
| Nyc Commercial Mortgage Trustrestricted | 67123JAL3 | MBS | CORP | United States | 1,500,000 | principal | $1.5M | 1.42% | 2 |
| Morgan Stanley Capital I Trustrestricted | 61769JAC5 | MBS | CORP | United States | 1,750,000 | principal | $1.5M | 1.38% | 2 |
| Bx Trustrestricted | 05613GAG7 | MBS | CORP | United States | 1,420,000 | principal | $1.3M | 1.26% | 2 |
| Benchmark Mortgage Trustrestricted | 08162CAL4 | MBS | CORP | United States | 1,719,500 | principal | $1.3M | 1.23% | 2 |
| Citigroup Commercial Mortgage Trustrestricted | 17328FAA3 | MBS | CORP | United States | 1,600,000 | principal | $1.3M | 1.20% | 2 |
| Gaming And Leisure Properties Inc | 36467J108 | Equity | CORP | United States | 28,299 | shares | $1.3M | 1.20% | 1 |
| Wells Fargo Commercial Mortgage Trustrestricted | 95005BAL4 | MBS | CORP | United States | 1,777,000 | principal | $1.2M | 1.17% | 2 |
| Comm Mortgage Trustrestricted | 12674VAC5 | MBS | CORP | United States | 85,000,000 | principal | $1.2M | 1.12% | 2 |
| Ventas Inc | 92276F100 | Equity | CORP | United States | 12,635 | shares | $1.2M | 1.12% | 1 |
| Ubs Commercial Mortgage Trustrestricted | 90278MAG2 | MBS | CORP | United States | 1,400,000 | principal | $1.1M | 1.02% | 2 |
| Barclays Commercial Mortgage Securities Llcrestricted | 05557AAR4 | MBS | CORP | United States | 1,500,000 | principal | $1.1M | 0.99% | 2 |
| Unibail-rodamco-westfield | FR0013326246 | Equity | CORP | France | 8,373 | shares | $1M | 0.96% | 1 |
| Iron Mountain Inc | 46284V101 | Equity | CORP | United States | 8,215 | shares | $1M | 0.95% | 1 |
| Bmo Mortgage Trustrestricted | 09663VAL4 | MBS | CORP | United States | 13,236,000 | principal | $1M | 0.95% | 2 |
| Goodman Group | AU000000GMG2 | Equity | CORP | Australia | 47,514 | shares | $995K | 0.94% | 1 |
| Bmo Mortgage Trustrestricted | 05593MAN3 | MBS | CORP | United States | 9,145,000 | principal | $970K | 0.92% | 2 |
| Saul Centers Inc | 804395101 | Equity | CORP | United States | 28,300 | shares | $964K | 0.91% | 1 |
| Bankrestricted | 06540CAL1 | MBS | CORP | United States | 1,700,000 | principal | $922K | 0.87% | 2 |
| Healthpeak Properties Inc | 42250P103 | Equity | CORP | United States | 41,661 | shares | $909K | 0.86% | 1 |
| Benchmark Mortgage Trustrestricted | 08163WAM7 | MBS | CORP | United States | 1,290,000 | principal | $892K | 0.84% | 2 |
| Bankrestricted | 06539WAC0 | MBS | CORP | United States | 1,250,000 | principal | $884K | 0.84% | 2 |
| Prologis Inc | 74340W103 | Equity | CORP | United States | 6,087 | shares | $880K | 0.83% | 1 |
| Benchmark Mortgage Trustrestricted | 08163WAX3 | MBS | CORP | United States | 4,000,000 | principal | $760K | 0.72% | 2 |
| Extra Space Storage Inc | 30225T102 | Equity | CORP | United States | 5,052 | shares | $748K | 0.71% | 1 |
| Invitation Homes Inc | 46187W107 | Equity | CORP | United States | 25,026 | shares | $744K | 0.70% | 1 |
| Bankrestricted | 06540CAN7 | MBS | CORP | United States | 1,500,000 | principal | $716K | 0.68% | 2 |
| Bx Trustrestricted | 123911AC3 | MBS | CORP | United States | 30,000,000 | principal | $685K | 0.65% | 2 |
| Comm Mortgage Trust | 200474BH6 | MBS | CORP | United States | 689,421 | principal | $673K | 0.64% | 2 |
| Smartstop Self Storage Reit Inc | 83192D402 | Equity | CORP | United States | 19,788 | shares | $664K | 0.63% | 1 |
| Benchmark Mortgage Trustrestricted | 08163MAY3 | MBS | CORP | United States | 1,149,000 | principal | $663K | 0.63% | 2 |
| Barclays Commercial Mortgage Securities Llcrestricted | 05555AAL9 | MBS | CORP | United States | 4,557,500 | principal | $655K | 0.62% | 2 |
| Equity Residential | 29476L107 | Equity | CORP | United States | 9,794 | shares | $651K | 0.62% | 1 |
| Bank5 | 06644XBN5 | MBS | CORP | United States | 158,121,000 | principal | $646K | 0.61% | 2 |
| Frontview Reit Inc | 35922N100 | Equity | CORP | United States | 31,330 | shares | $637K | 0.60% | 1 |
| Eastgroup Properties Inc | 277276101 | Equity | CORP | United States | 2,992 | shares | $625K | 0.59% | 1 |
| American Homes 4 Rent | 02665T306 | Equity | CORP | United States | 18,696 | shares | $625K | 0.59% | 1 |
| Rexford Industrial Realty Inc | 76169C100 | Equity | CORP | United States | 15,784 | shares | $596K | 0.56% | 1 |
| Mitsubishi Estate Co Ltd | J43916113 | Equity | CORP | Japan | 23,300 | shares | $570K | 0.54% | 1 |
| Wells Fargo Commercial Mortgage Trustrestricted | 95003UAK6 | MBS | CORP | United States | 9,160,000 | principal | $538K | 0.51% | 2 |
| Warehouses De Pauw Cva | BE0974349814 | Equity | CORP | Belgium | 19,640 | shares | $506K | 0.48% | 1 |
| Ui Boustead Reit | SGXC15458703 | Equity | CORP | Singapore | 784,100 | shares | $489K | 0.46% | 1 |
| State Street Institutional Treasury Plus Money Market Fund | 857492862 | Short-term inv. | RF | United States | 488,989 | shares | $489K | 0.46% | 1 |
| Morgan Stanley Capital I Trust | 61770KBB0 | MBS | CORP | United States | 541,000 | principal | $484K | 0.46% | 2 |
| Nexus Industrial Reit | 65344U101 | Equity | CORP | Canada | 80,800 | shares | $471K | 0.45% | 1 |
| Go Residential Real Estate Investment Trustrestricted | 36272H107 | Equity | CORP | Canada | 47,855 | shares | $462K | 0.44% | 1 |
| Stockland | AU000000SGP0 | Equity | CORP | Australia | 153,466 | shares | $461K | 0.44% | 1 |
| Barclays Commercial Mortgage Securities Llcrestricted | 07336VAC5 | MBS | CORP | United States | 2,900,000 | principal | $450K | 0.43% | 2 |
| National Health Investors Inc | 63633D104 | Equity | CORP | United States | 5,847 | shares | $448K | 0.42% | 1 |
| Sun Communities Inc | 866674104 | Equity | CORP | United States | 3,598 | shares | $444K | 0.42% | 1 |
| Essex Property Trust Inc | 297178105 | Equity | CORP | United States | 1,511 | shares | $429K | 0.41% | 1 |
| Centurion Accommodation Reit | YK0847904 | Equity | CORP | Singapore | 487,079 | shares | $429K | 0.41% | 1 |
| Bmo Mortgage Trustrestricted | 09660SAC4 | MBS | CORP | United States | 6,804,500 | principal | $429K | 0.41% | 2 |
| Cousins Properties Inc | 222795502 | Equity | CORP | United States | 13,560 | shares | $428K | 0.40% | 1 |
| Stoneweg Europe Stapled Trust | SGXC11267561 | Equity | CORP | Singapore | 225,760 | shares | $414K | 0.39% | 1 |
| Kilroy Realty Corp | 49427F108 | Equity | CORP | United States | 10,414 | shares | $404K | 0.38% | 1 |
| Qualitas Real Estate Income Fund | Q61825107 | Equity | CORP | Australia | 364,072 | shares | $398K | 0.38% | 1 |
| American Healthcare Reit Inc | 398182303 | Equity | CORP | United States | 7,054 | shares | $392K | 0.37% | 1 |
| Sekisui House Reit Inc | JP3047820000 | Equity | CORP | Japan | 791 | shares | $377K | 0.36% | 1 |
| Hongkong Land Holdings Ltd | G4587L109 | Equity | CORP | Bermuda | 45,800 | shares | $372K | 0.35% | 1 |
| Crown Castle Inc | 22822V101 | Equity | CORP | United States | 4,827 | shares | $368K | 0.35% | 1 |
| Sumitomo Realty & Development Co Ltd | JP3409000001 | Equity | CORP | Japan | 16,100 | shares | $365K | 0.35% | 1 |
| British Land Co Plc/the | G15540118 | Equity | CORP | United Kingdom | 61,054 | shares | $364K | 0.34% | 1 |
| Janus Living Inc | 471024109 | Equity | CORP | United States | 11,709 | shares | $354K | 0.33% | 1 |
| Link Reit | HK0823032773 | Equity | CORP | Hong Kong | 68,400 | shares | $341K | 0.32% | 1 |
| Morgan Stanley Baml Trustrestricted | 61764RAJ7 | MBS | CORP | United States | 16,967,678 | principal | $326K | 0.31% | 2 |
| Merlin Properties Socimi Sa | ES0105025003 | Equity | CORP | Spain | 18,209 | shares | $316K | 0.30% | 1 |
| Americold Realty Trust Inc | 03064D108 | Equity | CORP | United States | 20,000 | shares | $282K | 0.27% | 1 |
| Jp Morgan Chase Commercial Mortgage Sec Trustrestricted | 46634SAM7 | MBS | CORP | United States | 280,745 | principal | $278K | 0.26% | 2 |
| Vornado Realty Trust | 929042109 | Equity | CORP | United States | 6,991 | shares | $275K | 0.26% | 1 |
| Hang Lung Properties Ltd | Y30166105 | Equity | CORP | Hong Kong | 288,000 | shares | $268K | 0.25% | 1 |
| Brandywine Realty Trust | 105368203 | Equity | CORP | United States | 85,727 | shares | $261K | 0.25% | 1 |
| Digital Realty Trust Inc | 253868103 | Equity | CORP | United States | 1,322 | shares | $249K | 0.24% | 1 |
| Blackstone Digital Infrastructure Trust Inc | 09264B107 | Equity | CORP | United States | 11,455 | shares | $238K | 0.23% | 1 |
| Japan Metropolitan Fund Invest | 651334906 | Equity | CORP | Japan | 319 | shares | $236K | 0.22% | 1 |
| CHARTWELL RETIREMENT RESIDENCES | CA16141A1030 | Equity | CORP | Canada | 13,700 | shares | $221K | 0.21% | 1 |
| Aims Apac Reit | SG2D63974620 | Equity | CORP | Singapore | 172,132 | shares | $215K | 0.20% | 1 |
| Sl Green Realty Corp | 78440X887 | Equity | CORP | United States | 3,961 | shares | $210K | 0.20% | 1 |
| Centuria Capital Group | AU000000CNI5 | Equity | CORP | Australia | 202,313 | shares | $209K | 0.20% | 1 |
| Mitsubishi Estate Logistics Reit Investment Corp | JP3048480002 | Equity | CORP | Japan | 252 | shares | $197K | 0.19% | 1 |
| Safestore Holdings Plc | GB00B1N7Z094 | Equity | CORP | United Kingdom | 23,425 | shares | $194K | 0.18% | 1 |
| Capitaland Investment Ltd/singapore | SGXE62145532 | Equity | CORP | Singapore | 91,600 | shares | $190K | 0.18% | 1 |
| Bankrestricted | 06540CCC9 | MBS | CORP | United States | 3,100,000 | principal | $185K | 0.18% | 2 |
| Ctp Nvrestricted | NL00150006R6 | Equity | CORP | Netherlands | 10,200 | shares | $183K | 0.17% | 1 |
| Cre Logistics Reit Inc | JP3048680007 | Equity | CORP | Japan | 192 | shares | $170K | 0.16% | 1 |
| Unite Group Plc/the | GB0006928617 | Equity | CORP | United Kingdom | 22,142 | shares | $161K | 0.15% | 1 |
| Pro Real Estate Investment Trust | 742694300 | Equity | CORP | Canada | 31,603 | shares | $160K | 0.15% | 1 |
| Dream Industrial Real Estate Investment Trust | 26153W109 | Equity | CORP | Canada | 15,300 | shares | $157K | 0.15% | 1 |
| Wells Fargo Commercial Mortgage Trustrestricted | 95005BAQ3 | MBS | CORP | United States | 1,777,000 | principal | $124K | 0.12% | 2 |
| Barclays Commercial Mortgage Securities Llcrestricted | 05557AAM5 | MBS | CORP | United States | 1,500,000 | principal | $124K | 0.12% | 2 |
| Ck Asset Holdings Ltd | KYG2177B1014 | Equity | CORP | Cayman Islands | 18,000 | shares | $110K | 0.10% | 1 |
| Qualitas Ltd | AU0000195265 | Equity | CORP | Australia | 47,681 | shares | $102K | 0.10% | 1 |
| Wells Fargo Commercial Mortgage Trust | 95003MBU1 | MBS | CORP | United States | 45,827,000 | principal | $99.3K | 0.09% | 2 |
| Jpmbb Commercial Mortgage Securities Trustrestricted | 46640NAM0 | MBS | CORP | United States | 8,561,709 | principal | $76.7K | 0.07% | 2 |
| Centuria Capital Group | AU0000475907 | Equity | CORP | Australia | 55,202 | shares | $56.9K | 0.05% | 1 |
| Comm Mortgage Trustrestricted | 20048EAE1 | MBS | CORP | United States | 45,804 | principal | $44.5K | 0.04% | 2 |
| Morgan Stanley Capital I Trustrestricted | 61767FAC5 | MBS | CORP | United States | 13,495,500 | principal | $135 | 0.00% | 2 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jul 31, 2026 | Sep 21, 2026 | 122 | 100.0% | $106M | full |
| Apr 30, 2026 | Jun 26, 2026 | 120 | 100.0% | $109M | full |
| Jan 31, 2026 | Mar 27, 2026 | 110 | 100.0% | $109M | full |
| Oct 31, 2025 | Dec 29, 2025 | 114 | 100.0% | $109M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for Principal Real Estate Income Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.