In recent years, a series of intense precipitation events has drawn public attention to the
issue of extreme rainfall. This study examines the impact of precipitation anomalies on …

Given the renewed interest in Real Estate Investment Trusts (REITs), we are keenly focused
on exploring the possible connection between climate change and return volatility of US …

We analyze the causal effect of air pollution (acute fine particulate matter) exposure on the
commercial real estate (CRE) market. We instrument for air pollution using changes in local …

While climate risk is recognized as a substantial concern in finance and residential real
estate, research examining its effects on commercial real estate markets remains limited. In …

Though climate risk has been recognized as a material risk in finance and residential real
estate, there is limited research on how climate risk affects commercial real estate markets …

We investigate the relation between heat stress (abnormal temperature) and the return on
US commercial real estate (CRE). Using temperature data from the National Oceanic and …

Combining granular data on temperatures across the continental United States with
comprehensive listing-level data for residential properties and survey data on beliefs about …

This project provided an overall picture of the effects of climate change and mitigation on the
sustainability and risks of public finances. With the help of literature and macroeconomic …

This study examines the nexus between climate risks and the return volatility of the real
estate investment trusts (REITs) market, a topic of increasing importance for market …

Due to climate change, firms face growing uncertainty tied to the transition towards a low-
carbon economy. This paper studies how real asset owners price climate transition risk …