Results 171 to 180 of about 47,341 (226)
Substitutability between Equity REITs and Mortgage REITs [PDF]
Journal of Real Estate Research, 2004 This study extends Seck's (1996) approach to investigate the degree of substitutability between equity real estate investment trusts (EREITs) and mortgage real estate investment trusts (MREITs).
Ming-Long Lee, Kevin C.H. Chiang
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Value Implications of REITing and De-REITing
SSRN Electronic Journal, 2019We explore the determinants and value implications of publicly traded real estate companies converting to real estate investment trusts (REITs), which we term REITing, and publicly-traded REITs giving up their REIT status, termed de-REITing. Non-REIT real estate firms that pay relatively high dividends and have high income tax ratios are more likely to
David Ling +3 more
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REIT Momentum and Characteristic-Related REIT Returns
The Journal of Real Estate Finance and Economics, 2012Recent evidence confirms that in factor-model examinations of the cross-section of REIT returns, REIT momentum emerges as the dominant driver. Acknowledging the importance of momentum, the current study explores whether and how REIT return patterns are linked to the underlying characteristics of the REITs themselves, in the manner of Daniel and Titman ...
Paul R. Goebel +3 more
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Cornell Hotel and Restaurant Administration Quarterly, 1998
Originated in 1960 legislation, the real-estate-investment trust (REIT) burst onto the lodging industry in the early 1990s as a means for aggregating capital for aggressive purchases of undervalued hotels. REITs are restricted by Internal Revenue Code (IRC) from actually operating the real estate they own, and the IRC requires them to pay out 95 ...
Paul Beals, John V. Arabia
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Originated in 1960 legislation, the real-estate-investment trust (REIT) burst onto the lodging industry in the early 1990s as a means for aggregating capital for aggressive purchases of undervalued hotels. REITs are restricted by Internal Revenue Code (IRC) from actually operating the real estate they own, and the IRC requires them to pay out 95 ...
Paul Beals, John V. Arabia
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Journal of Financial Research, 2013
AbstractThe recent extremes in the real estate economic cycle have created an ideal setting to investigate the role of speculative trading. Specifically, we focus on speculative trading in real estate investment trusts (REITs) during the recent boom and bust in real estate. Although we find a strong relation between speculative trading in REITs and the
Benjamin M. Blau, Ryan J. Whitby
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AbstractThe recent extremes in the real estate economic cycle have created an ideal setting to investigate the role of speculative trading. Specifically, we focus on speculative trading in real estate investment trusts (REITs) during the recent boom and bust in real estate. Although we find a strong relation between speculative trading in REITs and the
Benjamin M. Blau, Ryan J. Whitby
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REIT Characteristics and the Sensitivity of REIT Returns
The Journal of Real Estate Finance and Economics, 2000Previous research on the returns to real estate investment trusts (REITs) has considered whether REITs are systematically exposed to general stock-market risk and interest-rate risk. This study examines how the sensitivity of REIT returns to these factors may be influenced by various REIT characteristics.
Marcus T. Allen +2 more
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The Role of Residential REITs in REIT Portfolios
Journal of Real Estate Portfolio Management, 2009Executive Summary. Residential real estate investment trusts (REITs) make a significant contribution to the overall REIT market, accounting for 13.5% of the equity REIT market capitalization at Dec...
Newell, Graeme, Fischer, Franz
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The Volatility Case of European REITS and Non-REITs
2021Real estate investment trusts have had a difficult time penetrating the European real estate market while non-real estate investment trusts were a widely accepted investment vehicle in all EU member states. This study aims to examine the lack of popularity of real estate investment trust in the European market through the lens of European property ...
Andrius Grybauskas, Vaida Pilinkienė
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Do investors value REITs and Non-REITs differently?
International Review of Economics & Finance, 2012Abstract This study compares the valuation of REITs and non-REITs, using firm-level return and accounting data of 168 REITs and 3,215 industrial companies and the methodology of Vuolteenaho (2002) that separates variances driven by cash flow news and expected return news. The evidence shows that, relative to industrial firms, REITs are driven more by
Peihwang Wei, Xiaolou Yang
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2018
Sustainability has become an increasingly important part of the management of real estate investment trusts (REITs) around the world over the last decade, manifest in various aspects including property selection, property management, asset management, fund management, performance measurement and REIT marketing.
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Sustainability has become an increasingly important part of the management of real estate investment trusts (REITs) around the world over the last decade, manifest in various aspects including property selection, property management, asset management, fund management, performance measurement and REIT marketing.
openaire +3 more sources