The Principal U.S. Property Account - Third Quarter 2008
Depreciation in asset values coupled with the negative impact of leverage led to a total gross portfolio level return of -1.94% during the third quarter of 2008. Leverage begins to negatively impact the total portfolio return when the interest rate charged on the debt exceeds the return at the property-level.
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The Principal U.S. Property Account Flash Report - Third Quarter 2008
The credit market freeze is putting downwardpressure on the valuation of most assets, includingcommercial real estate properties.
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U.S. Property Account - Financial Markets, September 2008
The well documented turmoil in the U.S. financial markets during the past week is generating many questions among investors.
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U.S. Property Account - Hurricane Ike 2008
On September 13 and 14, Hurricane Ike caused extensive damage in Houston and surrounding areas. The Principal U.S. Property Separate Account owns seven properties in Houston.
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The Principal U.S. Property Account - Second Quarter 2008
Higher required rates of return and a re-pricing of risk led to write downs within the U.S. Property Account
during the second quarter. Fund level performance registered a total return of -0.75%, while property
level performance (which excludes the effects of cash and leverage among other balance sheet
considerations) was -0.39%.
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The Principal U.S. Property Account Flash Report - Second Quarter 2008
The U.S. Property Account ended the second quarter with a total return of -0.8%. A positive income return of 1.1% was more than offset by value decreases resulting in depreciation of -1.9% for the quarter.
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The Principal U.S. Property Account - First Quarter 2008
Property level performance slowed during the quarter amidst continuing volatility in the broader markets and uncertainty related to pressures facing the economy today.
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The Principal U.S. Property Account Flash Report - First Quarter 2008
The U.S. Property Account posted a total property level return of 1.11% comprised of 1.16% income and -0.06% appreciation.
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Annual Report 2007
The Principal U.S. Property Account continued progress on many strategic fronts in 2007, while generating competitive nominal and relative investment performance. The total gross return for the Account was 14.7% for the year, with strong appreciation continuing for the private real estate equity asset class.
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The Principal U.S. Property Account Flash Report - Fourth Quarter 2007
Office and multi-family sector performance led returns within the U.S. Property Account during the fourth quarter.
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The Principal U.S. Property Account - Third Quarter 2007
The U.S. Property Account generated strong third quarter investment performance with a total fund level return of 5.1%, comprised of 1.2% income and 3.9% appreciation.
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The Principal U.S. Property Account Flash Report - Third Quarter 2007
Third quarter investment performance with a total fund level return of 5.1%, comprised of 1.2% income and 3.9% appreciation. Account assets within the office sector drove quarterly returns with notable value increases in highquality, infill properties in New York and Austin.
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The Principal U.S. Property Account - Second Quarter 2007
The Principal U.S. Property Account ended the second quarter with a total fund return of 3.74%. Of this, 2.48% was attributable to appreciation while income generated a return of 1.26%.
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The Principal U.S. Property Account Flash Report - Second Quarter 2007
Performance within the office sector led portfolio returns for the second quarter as investors aggressively look to deploy capital into value-added asset strategies.
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The Principal U.S. Property Account - First Quarter 2007
The Principal U.S. Property Account delivered a 3.60% first quarter fund level return, as strong investor confidence in the real estate asset class continued.
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The Principal U.S. Property Account Flash Report - First Quarter 2007
The Account posted a total property level return of 3.39% comprised of 1.27% income and 2.13% appreciation.
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Annual Report 2006
Since 1982, The Principal Financial Group® (The Principal®) U.S. Property Account has been offered to clients as an open-end, commingled real estate fund sponsored by Principal Life Insurance Company and managed by Principal Real Estate Investors.
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