Pagliari, Joseph L.; Lieblich, Frederich; Schaner, Mark; … - In: Real Estate Economics 29 (2001) 1, pp. 1-27
This study overviews the performance of the NCREIF Property Index, by property type, over the twenty-year period ended in 1998. More exactly, performance is analyzed from the perspective of the fundamental sources of return: initial earnings yield, dividend payout ratios, earnings growth, shifts...