Factors That Affect Listed Real Estate Investment Trust Market Capitalization: A Country Level Analysis

Soonwoo Jang, Seungwoo Shin and Hana Yim

Journal of Real Estate Portfolio Management, 2020, vol. 26, issue 1, 1-8

Abstract: This study investigates key country-level economic factors that influence listed real estate investment trust (REIT) market capitalization across 23 countries that currently operate active REIT markets. The primary contribution of this study is to apply existing analyses that focused on the real estate market as a whole to the REIT market in order to identify the correlation, as well as significance, of each factor on REIT market volume. We find the GDP per capita, stock market capitalization, and soundness of the banking sector to be positively significant factors. Through the findings, the study can stand as a reference for academic researchers and professionals of the industry to identify country-level factors that affect respective REIT market volumes, which is essential for international diversification portfolio strategy construction. The study also suggests factors that government authorities such as legislators and licensing departments of either REIT trustees or asset management companies may wish to address and adjust to create sound REIT investment environments for their countries.

Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2020.1826839 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:taf:repmxx:v:26:y:2020:i:1:p:1-8

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/repm20

DOI: 10.1080/10835547.2020.1826839

Access Statistics for this article

Journal of Real Estate Portfolio Management is currently edited by Peng Liu and Vivek Sah

More articles in Journal of Real Estate Portfolio Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().