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A structural model for corporate profit in the U.S. industry

Gustavo Gomez-Sorzano

MPRA Paper from University Library of Munich, Germany

Abstract: I estimate a theoretically and statistically satisfying model to account for corporate profit represented by Net Rental Income (NRI) for one of the largest Real Estate Investment Trust companies (REIT) in the U.S. I claim that I have found an accurate method to forecasts the direction and dollar amount of corporate profit in the apartment industry in The U.S. that can be extended to the remaining branches of the U.S. industry. The variables that together account for ninety seven percent of the variation in NRI for this apartment company are, one-period time lag of lease renewals, the Federal Funds interest rate end of month, total gross potential of the company, total concessions, two-period time lag of move-ins, the ratio between total non-farm employment and total construction permits authorized, the inventory of houses in the U.S, one-period time lag of move-outs and this REIT apartment units occupied.

Keywords: REIT; Corporate Profit; Net Rental Income (NRI); demand for lease renewals (search for similar items in EconPapers)
JEL-codes: C53 D41 C32 C51 L11 D21 (search for similar items in EconPapers)
Date: 2006-05-07, Revised 2006-12-11
New Economics Papers: this item is included in nep-for
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