Cai, Yongpei; Xu, Kuan - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-31
Using an extended Fama-French model for REIT returns, we examine how the net impact of the COVID-19 pandemic differs … returns but that the COVID-19 pandemic has a positive net influence on industrial REIT returns because of e-commerce and the … COVID-19 pandemic on office and residential REIT returns, perhaps caused by both existing office and residential leases, the …