Principal Real Estate Income Fund
Financial ratios & Valuation

Historical Multiples (2017 – 2023)

2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
8.1711.624.61-1.223.17-2.83-4.999.991.69
Price/Sales ratio
7.7910.774.50-1.243.10-2.92-5.35-67.880.92
Price/Book Value ratio
0.870.860.930.680.870.830.890.880.80
Price/Cash Flow ratio
9.5413.6016.242.28-64.434.003.3318.299.26
Price/Free Cash Flow ratio
9.5413.6016.242.28-64.434.003.3318.299.26
Price/Earnings Growth ratio
N/A-0.380.020.00-0.010.010.090.090.01
Dividend Yield
9.99%7.80%6.16%13.96%6.35%11.11%14.48%12.77%13.37%
Profitability Indicator Ratios
Gross Profit Margin
100%100%91.81%104.32%93.75%108.60%115.15%260.04%98.06%
Operating Profit Margin
103.90%109.01%97.63%101.50%97.75%99.39%87.00%-902.96%99.63%
Pretax Profit Margin
95.35%92.70%97.63%101.50%97.75%103.25%107.15%-679.38%99.63%
Net Profit Margin
95.35%92.70%97.63%101.50%97.75%103.25%107.15%-679.38%99.63%
Effective Tax Rate
-0.36%-1.60%106.57%98.08%101.66%96.07%N/AN/A99.87%
Return on Assets
7.38%5.14%14.66%-38.36%19.42%-19.76%-11.92%6.07%-11.85%
Return On Equity
10.74%7.44%20.29%-55.59%27.55%-29.63%-17.85%9.43%-17.64%
Return on Capital Employed
8.07%6.05%14.67%-38.96%19.46%-19.49%-9.67%11.43%-12.14%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
3.0712.02-11.16-1.13-4.03-1.16N/AN/A-6.14
Cash ratio
0.950.360.060.000.070.00N/A0.000.03
Days of Sales Outstanding
30.1834.288.84-5.047.48-84.39-30.96-809.101.22
Days of Inventory outstanding
N/AN/A380.15505.98389.721.60K899.91N/A447.85
Operating Cycle
N/AN/A389.00500.94397.211.52K868.94-809.10449.07
Days of Payables Outstanding
N/AN/A24.22341.8365.67532.37102.96N/A203.75
Cash Conversion Cycle
N/AN/A364.77159.10331.53989.17765.98-809.10245.32
Debt Ratios
Debt Ratio
N/AN/A0.270.290.290.30N/A0.290.28
Debt Equity Ratio
N/AN/A0.380.420.410.45N/A0.430.40
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
N/AN/A0.270.290.290.31N/A0.300.28
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A7.75N/A
Cash Flow to Debt Ratio
N/AN/A0.150.70-0.030.45N/A0.110.33
Company Equity Multiplier
1.451.441.381.441.411.491.491.461.41
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.810.790.27-0.54-0.04-0.72-1.60-3.71-0.29
Free Cash Flow / Operating Cash Flow Ratio
11111110.991
Cash Flow Coverage Ratio
N/AN/A0.150.70-0.030.45N/A0.110.33
Short Term Coverage Ratio
N/AN/A0.150.70-0.030.45N/A0.110.33
Dividend Payout Ratio
81.75%90.69%28.45%-17.15%20.14%-31.50%-72.35%127.73%5.65%