Absence of principal eigenvalues for higher rank locally symmetric spaces Given a geometrically finite hyperbolic surface of infinite volume it is a classical result of Patterson that the positive Laplace-Beltrami operator has no $L^2$-eigenvalues $\geq 1/4$. In this article we prove a generalization of this result for the joint $L^2$-eigenvalues of the algebra of commuting differential operators on Riemannian locally symmetric spaces $\Gamma\backslash G/K$ of higher rank. We derive dynamical assumptions on the $\Gamma$-action on the geodesic and the Satake compactifications which imply the absence of the corresponding principal eigenvalues. A large class of examples fulfilling these assumptions are the non-compact quotients by Anosov subgroups. 403