Eres : Digital Library : Works

Paper eres2017_39:
Revaluation of Investment Properties by REITs

id eres2017_39
authors Gan, Quan
year 2017
title Revaluation of Investment Properties by REITs
source 24th Annual European Real Estate Society Conference in Delft, Netherlands
summary 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.
keywords Revaluation; REIT; stock return; investment properties
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Real Estate Markets & Economics
last changed 2017/11/18 16:20
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