Description
Book SynopsisThe book provides the investing public, real estates practitioners, regulators, and real estate and finance academics with up-to-date information on what modern scholarly research tells us about Real Estate Investment Trusts (REITs). REITs are credited to allow institutional and individual investors to invest in real estate via a corporate entity. The increasing interest in REITs as indicated by their growth in market capitalisation and institutional holdings in the United States and around the world suggests that REITs are becoming an increasingly important part of investors'' diversified portfolio.
Trade ReviewThis analysis and synthesis of the existing scholarly research on REITS should enable managers to improve their investment decisions and the operating performance of their portfolios. * Business Horizons *
Table of Contents1: Introduction 2: The Origins and Evolution of Real Estate Investment Trusts 3: Organizational Structure 4: Advisor Puzzle 5: REIT Economies of Scale 6: The Impact of Institutional Investors 7: Diversification versus Focus 8: Dividends and Debt Policies of REITs 9: REIT Security Offerings 10: The Performance of REIT Stocks 11: The Predictability of the REIT Stock Market 12: The Future of REITs Appendix Monthly Stock Returns and Performance Index of All Publicly Traded REITs (1962-2000 and 2001-2002) Index
