This paper summarises the various findings of studies completed on the benefits of
international diversification using real estate stocks. With the increased availability of data …

This study reviews the most recent findings on real estate returns, and organizes the reviews
into five categories:(1) risk and returns;(2) diversification and portfolio optimization …

Long present in the United States, real estate investment trusts (REITs) are a fairly new
phenomenon in Europe. This paper examines the sensitivity of European REIT returns to …

This article examines the degree of interdependence among the securitized property
markets of six major countries and the United States. Long‐run results indicate that, over a …

Purpose The purpose of this paper is to test the extent to which company-specific attributes
including market capitalisation, capital structure and investment focus impact upon the …

Research report on the economic rationale for the creation of an EU REIT structure. The
current landscape of structure for property vehicles in Europe is a patchwork of regimes, all …

We dissect REIT NAV premiums and examine their relation to expected returns. More than
half of the cross-sectional variation in NAV premiums can be explained by readily …

The aim of this paper is to examine long‐run relationships and short‐run causal linkages
among the public property markets of the Asia‐Pacific region (Australia, Hong Kong, Japan …

Purpose–This paper aims to identify and examine the determinants of downside systematic
risk in Australian listed property trusts (LPTs). Design/methodology/approach–Capital asset …

Purpose-The purpose of this paper is to develop a model which can be used to examine the
influence of economic factors on foreign direct investment in real estate …