Funds from operations versus net income: examiningthe dividend relevance of REIT performance measures
This study compares Funds From Operations (FFO) and net income by examining how well
these two performance measures explain the dividend policy of Real Estate Investment …
these two performance measures explain the dividend policy of Real Estate Investment …
Liquidity management at REITs: Listed & public non-traded
Public non-traded REITs have high equity issuance costs, weak governance mechanisms,
finite-life structures, and defined periods when there is access to equity. These conditions …
finite-life structures, and defined periods when there is access to equity. These conditions …
On the direct costs of REIT SEOs
S Gokkaya, M Hill, GW Kelly - Journal of Real Estate Research, 2013 - Taylor & Francis
This study examines the determinants of direct costs for real estate investment trust (REIT)
seasoned equity offerings. These costs are not related to information asymmetries, unlike …
seasoned equity offerings. These costs are not related to information asymmetries, unlike …
REIT performance and lines of credit
Using a sample of equity real estate investment trusts (REITs) traded on major exchanges in
the United States between 1990 and 2009, this study examines the relationship between …
the United States between 1990 and 2009, this study examines the relationship between …
Determinants of REIT credit ratings
C Dodd, MD Hill - Journal of Real Estate Portfolio Management, 2018 - Taylor & Francis
This study examines the determinants of credit ratings for real estate investment trusts
(REITs). Probit and ordered probit results generally suggest reduced ratings (S&P and Fitch) …
(REITs). Probit and ordered probit results generally suggest reduced ratings (S&P and Fitch) …
Option Market-Based Predictors of REIT Leverage Changes
We create market-based measures from options data to predict changes in REIT capital
structure. REIT capital structure differs from that of typical listed firms: REITs have high …
structure. REIT capital structure differs from that of typical listed firms: REITs have high …