Are REIT Returns Hedgeable?

Yougou Liang (), Michael J. Seiler () and Arjun Chatrath ()
Additional contact information
Yougou Liang: Prudential Investments Parsipanny, New Jersey 07054, http://www.prudential.com/
Michael J. Seiler: Department of Finance Hawaii Pacific University Honolulu, Hawaii 96813, http://www.hpu.edu/
Arjun Chatrath: School of Business Administration University of Portland Portland, Oregon 97203, http://www.uofport.edu/academics/business/default.html

Journal of Real Estate Research, 1998, vol. 16, issue 1, pages 87-98

Abstract: This study examines the ability of existing futures contracts to hedge the returns on real estate investment trusts (REITs). The results from various hedging strategies suggest that existing futures contracts do not provide the means to effectively hedge REIT returns. REITs could remain unhedgeable until futures contracts written specifically on REITs are developed.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1998
View list of references View citations in EconPapers

Downloads: (external link)
http://aux.zicklin.baruch.cuny.edu/jrer/papers/pdf/past/vol16n01/v16p087.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:jre:issued:v:16:n:1:1998:p:87-98

Ordering information: This journal article can be ordered from
Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
http://aux.zicklin.b ... u/jrer/about/get.htm

Access Statistics for this article

Journal of Real Estate Research is edited by Dr. Ko Wang

More articles in Journal of Real Estate Research from American Real Estate Society
Address: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Series data maintained by JRER Graduate Assistant/Webmaster ().