Revaluation of Investment Properties by REITs
||Revaluation of Investment Properties by REITs
||24th Annual European Real Estate Society Conference in Delft, Netherlands
||This paper uses a unique dataset to analyse the determinants and timing of REITsí revaluation on investment properties. The decision of revaluation is a discretion by REITs managers and the amount of revaluation will impact REITsí reported income. We find that REITs revaluations are driven by property acquisition, asset management fees, and past REITs stock returns. REITs companies tend to do revaluations toward the same direction. We also discuss whether revaluation amount and direction predict future REITs stock returns.
||Revaluation; REIT; stock return; investment properties
Post discussion ...
||Real Estate Markets & Economics
These pages are best viewed with any standards compliant browser (e.g. Mozilla).