Previous studies have found significant but time-varying valuation effects associated with real estate investment trusts initial public offerings (REIT IPOs). Because REIT IPOs may disclose relevant information about real estate market conditions, they may serve to revalue existing real estate...

Previous studies have found significant but time-varying valuation effects associated with REIT IPOs. Because REIT IPOs may disclose relevant information about real estate market conditions, they may serve to revalue existing real estate securities. To determine whether REIT IPOs signal...

Previous research on the returns to real estate investment trusts (REITs) has considered whether or not REITs are systematically exposed to general stock market risk and interest rate risk. This study examines how the sensitivity of REIT returns to these factors may be influenced by various REIT...