Are REIT Returns Hedgeable?

Yougou Liang (), Michael Seiler () and Arjun Chatrath ()
Additional contact information
Yougou Liang: Prudential Investments Parsipanny, New Jersey 07054, http://www.prudential.com/
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, 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
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Citations: View citations in EconPapers (8)

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