Reports

Annual Report - 2009

Flash Report - Fourth Quarter 2009

Quarterly Report - Third Quarter 2009

Flash Report - Third Quarter 2009

Quarterly Report - Second Quarter 2009

Flash Report - Second Quarter 2009

Quarterly Report - First Quarter 2009

Flash Report - First Quarter 2009

The Principal U.S. Property Account - Annual Report 2009
The Principal U.S. Property Account experienced an extremely challenging year in 2009, facing headwinds from a global financial crisis, a severe U.S. recession that resulted in over 7 million job losses and volatile capital markets that sharply reduced debt and equity transaction volume across the real estate asset class.
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The Principal U.S. Property Account Flash Report - Fourth Quarter 2009
The fourth quarter of 2009 brought with it the conclusion of a tumultuous year for commercial real estate characterized by asset value depreciation, deteriorating space market fundamentals and depressed levels of investor demand for the asset class.
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The Principal U.S. Property Account - Third Quarter 2009
The Principal U.S. Property Account finished the quarter with a total return of -8.45%. Income contributed 1.49%, while depreciation, which persisted at a more moderate pace during the quarter, totaled -9.94%.
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The Principal U.S. Property Account Flash Report - Third Quarter 2009
The Principal U.S. Property Account finished the third quarter with a total portfolio level return of -8.45%. The income return of 1.49% was offset by continued depreciation in asset values and the negative impact of leverage.
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The Principal U.S. Property Account - Second Quarter 2009
The rapid pace of asset value declines moderated during the second quarter of 2009 despite weakening real estate fundamentals and an increasing risk premium for the asset class.
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The Principal U.S. Property Account Flash Report - Second Quarter 2009
The second quarter performance return represents moderate slowing in the deterioration of asset values, although real estate fundamentals weakened further and the risk premium associated with the asset class continued to increase.
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The Principal U.S. Property Account - First Quarter 2009
The decline in asset values continued within the U.S. Property Account throughout the first quarter of 2009, as prolonged recessionary pressure weighed on all sectors of the economy. The Account recorded its largest one quarter decline in its 27-year history, with a total portfolio return of -11.92%.
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The Principal U.S. Property Account Flash Report - First Quarter 2009
The decline in asset values continued within the U.S. Property Accountthroughout the first quarter of 2009, as prolonged recessionary pressure weighed on all sectors of the economy.
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Annual Report 2008
More than a year into the credit crisis, the market has continued to experience multiple and increasingly severe aftershocks. The past year has been characterized by significant levels of government intervention in the capital markets and the economy in an attempt to restore market stability and investor confidence.
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