Investigating the Factors that Impact Stock Returns of the Real Estate Investments Trusts

Serkan Yilmaz Kandir and Ecem Ozhan

Journal of BRSA Banking and Financial Markets, 2018, vol. 12, issue 2, 31-45

Abstract: Aim of this study is to investigate the factors that affect stock returns of Real Estate Investment Trusts (REITs) whose shares are listed in Borsa Istanbul. The sample includes 16 REITs during 2010:2 – 2018:6 period. In the regression model used in the study, the dependent variable is REITs stocks returns, Housing Price Index and Borsa Istanbul 100 Index are independent variables. The results indicate that Borsa Istanbul 100 has a significant impact on REITs Stock returns; while Housing Price Index has no significant impact on REIT Stock returns.

Keywords: Borsa Istanbul; Real Estate Investment Trusts; Housing Price Index; Regression Analysis (search for similar items in EconPapers)
JEL-codes: G12 G23 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:bdd:journl:v:12:y:2018:i:2:p:31-45

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