Performance Measures of Real Estate Firm Common Stock Returns

  • John L. Glascock
  • Wallace N. DavidsonIII
Part of the Research Issues in Real Estate book series (RIRE, volume 2)


According to investor folklore, real estate investments offer an above average rate of return and a hedge against inflation. Previous research on real estate returns suggests that investor folklore may have some basis of truth. The work of Brueggeman, Chen, and Thibodeau (1984), Ibbotson and Siegel (1984), Hartzell, Hekman, and Miles (1987), Kuhle, Walther, and Wurtzebach (1986), and Kuhle (1987) shows that real estate either earned excessive returns or provided a good hedge against inflation. In a review of the real estate return literature, Sirmans and Sirmans (1986–87) indicate that most studies find real estate returns exceed that of stock and bond investments.


Real Estate Real Estate Investment Trust Market Portfolio Real Estate Investment Real Estate Return 
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Copyright information

© Kluwer Academic Publishers 1995

Authors and Affiliations

  • John L. Glascock
  • Wallace N. DavidsonIII

There are no affiliations available

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