Title

The Impact Of Reocs And Public Mortgage Finance Companies On The Performance And Volatility Of U.S. Reits

Abstract

This paper extends the evidence on the financial performance of real estate investment trusts (REITs) by analyzing whether U.S. REIT index returns are impacted by other domestic firms that primarily engage in real estate activities but are not structured as REITs such as real estate operating companies (REOCs) and mortgage finance companies (MFCs). There is strong evidence that U.S. REITs are impacted by these other firms engaged in mortgage financing activities; thus underscoring the linkages between the overall capital markets and real estate performance. These results can be attributed to the changing dynamics of the real estate sector and its significant interrelationships. The findings have strong implications for constructing mixed-asset investment portfolios.

Publication Date

9-1-2010

Publication Title

Journal of Real Estate Portfolio Management

Volume

16

Issue

3

Number of Pages

279-288

Document Type

Article

Personal Identifier

scopus

Socpus ID

79952950541 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/79952950541

This document is currently not available here.

Share

COinS