Evidence from Tax-Exempt Firms on Motives for Participating in Sale-Leaseback Agreements [PDF]
Previous research finds evidence that tax factors motivate the participants in leasing transactions. Tax-arbitrage arguments predict that leasing participants gain when the lessor’s tax rate exceeds that of the lessee.
Fayez A. Elayan +2 more
core
Outperforming the S&P 500 Using Top-Down Asset Allocation [PDF]
, 2016 This paper investigates whether portfolio managers can outperform the S&P 500 index using top-down asset allocation, using historical returns, standard deviations, and correlations of different asset classes.
Lanier, Benjamin
core +2 more sources
A structural model for corporate profit in the U.S. industry [PDF]
I estimate a theoretically and statistically satisfying model to account for corporate profit represented by Net Rental Income (NRI) for one of the largest Real Estate Investment Trust companies (REIT) in the U.S.
Gomez-Sorzano, Gustavo
core +1 more source
Capital Structure and Political Risk in Asia-Pacific Real Estate Markets [PDF]
, 2016 This study investigates the determinants of capital structure decisions by real estate firms, with a specific focus on the impact of political risk on leverage.
Cashman, George D. +2 more
core +1 more source
Performance of Canadian E-REITs [PDF]
The return performance and factor sensitivities of Canadian equity real estate investment trusts (E-REITs) are examined. Today, typical and average Canadian E-REIT IPOs are correctly priced based on first-day and subsequent short-run returns.
Lawrence Kryzanowski +1 more
core
Performance Analysis of Reits: Comparison between M-Reits and UK-Reits
Journal of Surveying, Construction & Property, 2011 Anuar Alias, Soi Tho C.Y.
openaire +2 more sources
What Can We Learn About the Sensitivity of Investment to Stock Prices with a Better Measure of Tobin's q? [PDF]
This paper examines the responsiveness of investment to q (i.e., the ratio of a firm's market value to the replacement cost of its assets) using data on a unique type of firm: Real Estate Investment Trusts (REITs).
Christopher J. Mayer, William M. Gentry
core
Introduction to Special Issue: Topics Related to Real Estate Market Efficiency. [PDF]
J Real Estate Financ Econ (Dordr), 2023 Broxterman D +4 more
europepmc +1 more source
Uncertainty Measures and Sector-Specific REITs in a Regime-Switching Environment. [PDF]
J Real Estate Financ Econ (Dordr), 2022 Demiralay S, Kilincarslan E.
europepmc +1 more source
Effects of Regulatory and Market Constraints on the Capital Structure and Share Value of REITs: Evidence from the Italian Market [PDF]
In contrast to the US experience, most international (European) real estate investments trusts (REITs) are subject to prudential regulation. This paper investigates the effects of prudential regulation on capital structures and consequently, the REIT ...
Anna Grazia Quaranta, Massimo Biasin
core