Chui, Andy C. W.; Titman, Sheridan; Wei, K. C. John - In: Real Estate Economics 31 (2003) 3, pp. 451-479
In this study, we examine the cross-sectional determinants of expected REIT returns. We examine both the pre- and post-1990 periods, since the structure of the REIT market changed substantially around 1990. The determinants of expected returns differ between the two subperiods. In the pre-1990...