The Dynamics and Performance of Listed Property Trust Futures

Graeme Newell and Tan Yen Keng

ERES from European Real Estate Society (ERES)

Abstract: Listed property trusts (LPTs) have been a successful indirect property investment vehicle in Australia. At April 2004, the LPT sector had total assets of over $80 billion1 and accounted for over $54 billion in market capitalisation, being the third largest stockmarket sector and representing over 8% of total Australian stockmarket capitalisation (UBS Warburg, 2004). LPTs account for approximately 8% of institutional asset allocations, have approximately 70% of institutional ownership and have a high level of liquidity, with an annual LPT turnover of over $40 billion in 2003 (UBS Warburg, 2004).

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2004-06-01
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