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Paper eres2008_316:
PERFORMANCE OF REITS – A Sector- and Company-based Analysis of the Link between Market Cycles, Real Estate and REIT Returns

id eres2008_316
authors Pfeffer, Tobias
year 2008
title PERFORMANCE OF REITS – A Sector- and Company-based Analysis of the Link between Market Cycles, Real Estate and REIT Returns
source Book of Abstracts: 15th Annual European Real Estate Society Conference in Kraków, Poland
summary The purpose of the study is to analyze critically the importance of physical market cycles for the performance of REITs on a sector- and company-level. This is done in a two-tiered analysis. First, by analyzing the underlying assets – the property holdings – that REITs have in different markets over 48 quarters and combining them with the corresponding market cycles. Second, analyzing the link between the “physical market cycle” of a REIT sector or company with performance measures like FFO (proxy for profitability), stock price and FFO-multiples (proxy for pricing).
series ERES:conference
email Tobias.Pfeffer@irebs.de
discussion No discussions. Post discussion ...
ratings Ratings: 3
session Doctoral presentations
last changed 2008/11/26 14:05
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