The aim of this study is to examine whether securitized real estate returns reflect direct real
estate returns or general stock market returns using international data for the US, UK, and …

This paper provides cross-country evidence of the link between securitized real estate and
stocks, bonds, and direct real estate. First, the behavior of betas in sixteen countries is …

Direct investment in commercial or residential real estate is found to provide valuable
diversification benefits for Australian investors though this is not so evident for indirect real …

This paper examines the roles of jumps in the time series of Real Estate Investment Trust
(REIT) returns. Using measures of the quadratic variation of high-frequency REIT returns, it …

We calculate optimal portfolio choices for a long-horizon, risk-averse investor who diversifies
among European stocks, bonds, real estate, and cash, when excess asset returns are …

Long present in the United States, real estate investment trusts (REITs) are a fairly new
phenomenon in Europe. This paper examines the sensitivity of European REIT returns to …

Real estate constitutes a good laboratory to investigate the similarity of public and private
asset returns and risks. We find evidence of a one-to-one long-term relation between public …

This paper analyses the performance of real estate securities and their relationship to other
asset classes as well as to consumer price inflation in an international comparison over the …

This study addresses how and why the stock return volatility of REITs changes over time and
identifies which mechanisms influence it at a firm level. Using US equity REIT data from …

In this paper, we discuss managerial challenges and opportunities related to the newly
introduced real estate investment trust (REIT) in India. Features of the proposed REIT …