Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 89 for “"REITs"”.
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Income growth and pricing of REITs
Office REITs have been doing well recently in terms of exhibiting high dividends and total returns. Since the payout dividend depends on a REIT's income, positive income growth can increase shareholder wealth and therefore keep investors interested in its stock. So far, the primary channel for …
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Testing capital structure theories : Evidence from REITs
… in finance literature. But empirical tests of REITs capital structure were limited.This study employs a partial adjustment model of Fama and French (2002) and a market timing model of Baker and Wurgler (2002) to test the applicability of the three competing theories in explaining the capital …
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THE WEALTH EFFECTS OF REITS PROPERTY DISPOSITIONS
… seeks to examine the wealth effects of U.S. REITs property dispositions from 2001 to 2009 and to assess the factors that contribute to the wealth effects. To investigate the wealth effects of REITs property dispositions, this study employs the event study methodology. It finds that property …
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Investing in REITs: A value-based approach
… can discriminate between strong and weak value-REITs through sound accounting-based fundamental analysis using the F-Score Model. Building on existing research on value-based investment strategies and market efficiency, this study offers an SAREIT perspective to the existing body of knowledge on …
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The use of unsecured debt in REITs
Thesis (M.S.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1995.
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REITs for residential rental markets in China
… whole society. Real Estate Investment Trusts (REITs), as a well-known financial instrument, have a significantly potential role to play in the above reforms. They can supply long-term capital and professional management to residential rental markets, provide new business models for the real …
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Corporate governance : the case for Asian REITs
… corporate governance mechanisms is critical for REITs that are preparing to go public. At the industry level, issues of transparency and corporate governance are consequential to the further development of REITs in Asia. This study looks at various REIT regimes and corporate governance systems …
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Theory and practice of debt financing in REITs
… of corporate tax. Real Estate Investment Trusts (REITs) have no corporate level income tax and meet M & M's perfect market assumption. In reality, however, REIT operators use a significant amount of debt on their balance sheet. There seems to be a contradiction between practice and theory. This …
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Managerial Risk-Taking and Secured Debt: Evidence from REITS
This study focuses on the correlation between secured debt and managerial risk-taking incentive. A few findings need to be emphasized. First is the positive relation between secured debt and managerial risk-taking incentive (LNVEGA). This relation is confirmed by several robustness tests. This …
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Application of the Fama-French Model to Singapore REITs
… the Fama French 3-factor Model to Singapore REITs’ market to determine if the model has strong explanatory power on Singapore REITs’ excess return over a 11-year period from 2009-2019. Several previous studies have illustrated that the Fama French Model has superior predictive power as …
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Is there a business case for REITs in Singapore
… with the aim of examining the prospects of SREITs going forward. We found that there is a viable business case for REITs in Singapore. On the supply side, there is a strong impetus for real estate owners to divest their properties after the Asian Economic Crisis due to the capital intensive …
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The historical performance of equity REITs : a seasonsed index approach
Thesis (M.S.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1994.
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Turkish REITs : an overview of the industry and its performance
This thesis aims to provide insight into the emerging real estate investment trust (REIT) sector of Turkey, the reasons underlying its creation, its legal and economic evolution and its performance since the commencement of the REIT Sector Index in January 2000. The paper utilizes a combination of …
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Economic linkages between Australian REITs and the commerical real estate market
… Australian Real Estate Investment Trusts (A-REITs) are market traded forms of property investments but do not suffer from the relative illiquidity, large investment requirements and transaction costs inherent in the ownership of direct property assets. In order for A-REITs to be effective …
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Is China ready for REITs? : an examination of challenges and opportunities
… pertaining to the future introduction of REITs in China. The thesis provides a comparative analysis on major REIT regimes around the world, in terms of formation, structuring and operation guidelines, to identify their level of similarity and variance. The thesis then shifts its focus to …
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Two Essays: “Does Corporate Governance Affect the Adjustment Speed towards Target Capital Structure?” and “Do Option Traders on REITs and Non-REITs React Differently to New Information?”
… investors’ reactions to new information on REITs and non-REITs option markets. The real estate market can be fairly volatile; what remains unclear is whether price changes are excessively volatile relative to fundamentals. This study attempts to examine the latter by using the methodology …
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The 50th Anniversary of REITs: a Triple Case Study With Financial Analysis
… celebrated its 50th Anniversary. Only three REITs that were there in the beginning still exist today: Washington Real Estate Investment Trust, Pennsylvania Real Estate Investment Trust, and Winthrop Realty Trust (formerly known as First Union Real Estate Equity and Mortgage Investments). This …
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The growth of retail REITs : an exploration of current practices and implications
… of retail real estate investment trusts (REITs). The specific questions to be explored are: How are retail REITs currently growing, how is this growth being financed and what are the implications of these choices on the retail sector and individual REITs? This paper begins with a general …
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REITs and securitization as innovative modes to finance affordable housing in China
… channels. Within them, this thesis focuses on REITs and other types of securitization (ABN and ABS), in order to research their implementations in affordable housing finance, as well as the obstacles and impacts. In 2005, Hong Kong Government created the first REIT by privatizing and …
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