Real Estate Investment Trusts’ (REITs) Asset Management Strategies Within Global REIT Portfolios

Adnan Yasmin Mohd. (), Lamin Normala (), Razali Muhammad Najib (), Jalil Rohaya Abdul () and Esha Zulkifli ()
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Adnan Yasmin Mohd.: Universiti Malaya
Lamin Normala: Universiti Malaya
Razali Muhammad Najib: Universiti Teknologi Malaysia
Jalil Rohaya Abdul: Universiti Teknologi Malaysia
Esha Zulkifli: Universiti Malaya

Real Estate Management and Valuation, 2021, vol. 29, issue 1, 72-86

Abstract: Investment in REITs has become significant in recent years due to the stability and sustainable performance of the investment. A study on the management perspective is very important but this perspective is very limited. Asset management will derive from the profit optimization of the investment. Therefore, it is important to assess asset management strategies to ensure the sustainable performance of the assets. This paper aims to assess asset management strategies among matured REIT companies in developed countries in comparison with Malaysian REIT companies from the perspective of the managers. This research employed qualitative analyses by using content analysis techniques. A total of 41 REIT companies from the United States (US), Japan, Singapore, Australia and Malaysia were assessed. The analyses focused on the similarities and differences between the strategy framework identified in the literature review and the strategies adopted by global REITs and Malaysian REITs under review. The study will enable all REIT stakeholders to become well-informed on global REIT asset management that will derive the maximum profit from the investment. The success of developed countries’ REITs will provide guidelines for Malaysian REITs to adopt the best practice of strategic asset management from REITs in mature markets. Furthermore, this study is one of few papers that have discussed the issue of strategic property investment, particularly focusing on REITs.

Keywords: management; REITs; strategy; global; asset; Malaysia (search for similar items in EconPapers)
JEL-codes: L85 R39 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:29:y:2021:i:1:p:72-86:n:6

DOI: 10.2478/remav-2021-0007

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