Equity Versus Asset Acquisitions in the REIT Industry

@inproceedings{Huerta2016EquityVA,
  title={Equity Versus Asset Acquisitions in the REIT Industry},
  author={Daniel Antonio Garc{\'i}a Huerta and Thanh Ngo and Mark K. Pyles},
  year={2016}
}
We examine the differing influences of equity and asset acquisitions in Real Estate Investment Trusts (REITs) considering the prevalence of REIT asset acquisitions as frequent and major investment decisions. We examine the impact of asset purchase announcements on market returns, operating performance, and dividend payout. Our results suggest that asset acquisitions are better for the acquiring firm than equity acquisitions. Specifically, we find that equity acquisitions result in significantly… CONTINUE READING