Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/222666
Title: IMPACT OF PORTFOLIO GREENNESS ON REITS FINANCIAL PERFORMANCE: THE CASE OF COMMERCIAL J-REITS AND S-REITS
Authors: HUANG YI YUN, DEMIMOR
Keywords: Real Estate
School of Design and Environment
2018-2019 RE
RE
Seah Kiat Ying
Issue Date: 15-May-2019
Citation: HUANG YI YUN, DEMIMOR (2019-05-15). IMPACT OF PORTFOLIO GREENNESS ON REITS FINANCIAL PERFORMANCE: THE CASE OF COMMERCIAL J-REITS AND S-REITS. ScholarBank@NUS Repository.
Abstract: This research paper seeks to evaluate the impact of portfolio greenness on REITs financial performance, from the perspective of REITs in Asia. A further assessment on the difference in financial impact between the acquisition of green properties and the retrofitting of existing properties with green features, was analysed in greater detail in this study. Upon executing the Hausman test, a fixed effect regression model was determined as the model of choice to be adopted for the purpose of unravelling the two research objectives. Data was collected from 15 commercial J-REITs and 17 commercial S-REITs to form the sample of this study. The research findings resonate with the research hypothesis that investment in green properties leads to an enhanced portfolio financial performance for Asian REITs. Yet, contrary to expectations that there would not be a difference in the financial impact between the two methods of approach towards achieving green real estate, research findings revealed that REITs with a higher percentage of green buildings that attained certification through retrofitting, tend to achieve better financial performance.
URI: https://scholarbank.nus.edu.sg/handle/10635/222666
Appears in Collections:Bachelor's Theses

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