Eres : Digital Library : Works

Paper eres2015_59:
The impact of liquidity on valuation and capital raising for global listed real estate companies

id eres2015_59
authors Moss, Alex; Nicole Lux
year 2015
title The impact of liquidity on valuation and capital raising for global listed real estate companies
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary In a previous paper we examined the impact of liquidity on the valuation of European property shares, and determined that not only was there a strong relationship between liquidity and valuation post GFC but that it also had significant implications for fund raising and therefore a company’s ability to grow. In this paper we extend the study to include North American and Asian companies, thereby allowing for regional differences in the liquidity effect, and also accounting for local valuation preferences. In addition we also look at the relationship between the liquidity of a company and the level of equity and debt issuance pre and post GFC to determine whether there is a relationship.
keywords Liquidity, Global REITs, Valuation
series ERES:conference
type panel session
email alex.moss@consiliacapital.com
content file.pdf (820,189 bytes)
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ratings
session MSCI-Panel
last changed 2015/07/11 10:06
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