...Quan Le Truong; Chung Yim Yiu Purpose This study hypothesises that sale and leaseback (SLB) cap rate is lower than the market cap rate in emerging economies, and the difference is due to institutional cost and vacancy risk. This study aims to provide a novel SLB-Cap-Rate Model to assess...

.... Findings There are many options available to corporates to raise capital other than a sale and leaseback with different potential proceeds and costs of capital depending on the objectives of the corporate and the lease term they are prepared to sign. Originality/value This paper provides...