... sector's stock rate of return to be relatively less sensitive to impacts of COVID-19 compared to those of the two other indices. Impulse response analysis also shows similar results. Impulse response estimations indicate that earlier information of REITs has prominent significance in explaining changes...

...Stephen Lee Purpose The purpose of this paper is to empirically examine the issue of convergence in the monthly returns, rental growth and yields for ten market segments in the UK direct real estate market, using monthly data over the period from January 1987 to December 2014. Design...

...Arvydas Jadevicius; Stephen Lee Purpose The purpose of this paper is to examine whether Real Estate Investment Trusts (REITs) returns on the different days of the week differ from each other. Design/methodology/approach It uses European Public Real Estate Association (EPRA)/National...

... MR=£200, Gross capital value (derived from comparable evidence – see Example 4)=£2,500. Fixed Table I Rack-rented property: the Net Initial Yield (NIY) (implicit); the ARY (implicit); the Target Rate (explicit DCF); and the Internal Rate of Return (IRR) (explicit DCF...

... on the income side, here the focus is on the uncertain dynamics of real estate operating costs as a key factor affecting return. Byrne and Cadman (1984) provide a good initial overview of the applications of simulative risk analysis in project development. More recently, applications of the methods have...

...Lay Cheng Lim; James Berry; Karen Sieraki Purpose The paper aims to assess property returns using yield differentials for prime and secondary properties as a real estate decision‐making tool. It seeks to demonstrate how property portfolios can be optimized through rational stock selection within...

...Ning Rong; Stefan Trück Purpose The purpose of this paper is to provide an analysis of the dependence structure between returns from real estate investment trusts (REITS) and a stock market index. Further, the aim is to illustrate how copula approaches can be applied to model the complex...

...Sotiris Tsolacos Purpose The paper seeks to evaluate accuracy and efficiency of consensus forecasts for all property rents and total returns in the UK. The aim of the paper is to investigate whether consensus forecasts, containing a high degree of judgement, are better than forecasts produced...

...Stanley McGreal; Alastair Adair; James N. Berry; James R. Webb Purpose Few countries have sufficiently long and detailed returns data for real estate to permit sophisticated analysis. This paper aims to examine the potential diversification of private real estate investments using returns data...