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EUROPEAN REAL ESTATE SOCIETY

24th Annual Conference

June 28 - July 1, 2017, Delft, The Netherlands.

TU Delft

Abstracts

You have requested the abstract for paper number 39:

Quan Gan, University of Sydney Business School, Sydney, Australia
Revaluation of Investment Properties by REITs (assigned to theme E-2)

This paper uses a unique dataset to analyse the determinants and timing of REITsí revaluation on investment properties. The decision of revaluation is a discretion by REITs managers and the amount of revaluation will impact REITsí reported income. We find that REITs revaluations are driven by property acquisition, asset management fees, and past REITs stock returns. REITs companies tend to do revaluations toward the same direction. We also discuss whether revaluation amount and direction predict future REITs stock returns.

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Vienna University of Economics and Business
Research Institute for Spatial and Real Estate Economics
Conference organized through conf-vienna (copyright Gunther Maier)