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Performance Analysis of Focused REITs: Logistic vs. Other REITs

  • Gianluca Mattarocci
  • Dilek Pekdemir
Chapter

Abstract

Focused REITs represent a significant share of the world REIT market and nowadays managers are moving from the investment only in the key sectors (like office, retail and residential) into new segments of the real estate market. The chapter considers REITs specialized in one type of real estate asset and compares the performance of those focused on logistics with respect to the others. Results show that the risk –return profile related to a portfolio focused on this type of assets are among the best investment opportunities available even if the persistence over time of the results over time is lower than other real estate segments.

Keywords

REITs Diversification Specialization Return Persistence Capital asset pricing model Fama & french model Carhart model 

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.Department of Management and LawUniversity of Rome Tor VergataRomeItaly
  2. 2.Real Estate Development DepartmentIstanbul Technical UniversityTaksim-İstanbulTurkey

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