PGZ News and Press, Principal Real Estate Income Fund of Beneficial Interest From 09/03/21

Big Box Is Back: The COVID pandemic has radically transformed consumer spending habits - perhaps permanently - shifting spending towards goods over services and towards larger-format retailers over smaller shops. While enclosed regional malls face a long and uncertain road to recovery...

Given the sizeable skew in the distribution of outcomes toward negative real returns, it's extremely important to be selective in high-quality fixed income, and to be truly vested in one’s investments so that portfolios are not permanently impaired. In the short term, the commo...

Why yields have been falling, and whether bond markets are trying to signal to any important trends to investors, particularly in light of the fact that we've seen equities reach new highs. This is a market environment, or a trading environment, that feels like people want to add dura...

How Hot is Too Hot? For Timber REITs, scorching-hot lumber demand from the resurgent housing industry - combined with sawmill production bottlenecks - sent lumber prices soaring to extreme levels. Inflating construction materials prices - and the outright inability to source necessary...

U.S. equity markets retreated on a choppy week after a downbeat slate of economic data heightened concern that the recent COVID resurgence could stall or reverse the global economic reopenings. Exhibiting a reversion back to the "stay at home" trading patterns, the large-cap S&am...

Glimmers of hope were beginning to emerge for the battered mall REIT sector, which has soared 50% this year on signs of stabilizing in occupancy rates and normalizing rent collection. Net Operating Income surged more than 40% in Q2 - albeit from easy comps - driven by a recovery in re...

Stocks finished the week up nicely with the S&P 500 up nearly 1% and the Nasdaq up just over 1%, for all new record highs. The biggest worry lately in the markets (outside of Covid) has been valuations. But in the last 9 months, the market has actually become cheaper. Taxable ...

The rebound in consumer participation is an important part of the growth story we’ve seen in 2021, with accommodative monetary and fiscal policies also playing an important role. Going forward, we see these forces continuing to drive growth - albeit with some moderation - as co...

In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REIT company-level metrics have exhibited a substantial rebound over the last year as FFO and dividends...

In any economic downturn, there will be some companies, some organizations that have not survived the pandemic terribly well, and they will need to give back space. So, we might see vacancy space coming to the market from an economic perspective almost regardless of what happens from ...