Are REITs Real Estate? Evidence from International Sector Level Data

Abstract

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 U.S., U.K., and Australia. In contrast to previous research, which has generally relied on overall real estate market indices and neglected the potential long-term dynamics, our… (More)

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Cite this paper

@inproceedings{Hoesli2012AreRR, title={Are REITs Real Estate? Evidence from International Sector Level Data}, author={Martin Hoesli and Elias OIKARINEN and Elias Oikarinen}, year={2012} }