<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2013-06-20</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001557523</issuerCik>
        <issuerName>Principal Real Estate Income Fund</issuerName>
        <issuerTradingSymbol>PGZ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001579656</rptOwnerCik>
            <rptOwnerName>Mitchell Tom</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>607 NE MISSION COURT</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ANKENY</rptOwnerCity>
            <rptOwnerState>IA</rptOwnerState>
            <rptOwnerZipCode>50021</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Sub-Advisor PM team</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>I own zero (0) shares of PGZ.</remarks>

    <ownerSignature>
        <signatureName>Tom Mitchell</signatureName>
        <signatureDate>2013-06-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
