Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/223311
DC FieldValue
dc.titlePRICING DYNAMICS OF REIT
dc.contributor.authorLIM HOE KEONG
dc.date.accessioned2009-10-07T12:19:34Z
dc.date.accessioned2022-04-22T20:29:55Z
dc.date.available2019-09-26T14:14:10Z
dc.date.available2022-04-22T20:29:55Z
dc.date.issued2009-10-07T12:19:34Z
dc.identifier.citationLIM HOE KEONG (2009-10-07T12:19:34Z). PRICING DYNAMICS OF REIT. ScholarBank@NUS Repository.
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/223311
dc.description.abstractPrices of REIT stocks have fallen drastically since the start of the subprime crisis in the United States (U.S.) in 2007. These are further weakened by the credit crunch that follows. According to NAREIT, the prices of REITs had fallen by about 15% to 50% in 2007 and 2008. The pricing dynamics and valuation of REIT, especially the premium (discount) of REIT price to its Net Value Asset (NAV), are important for investors and managers in their selection of REIT stocks and management of their investments portfolios since the pricing dynamics determine, to a large degree, broader trends within the REIT industry. This paper seeks to identify the predictive variables underlying the REIT pricing dynamics. The prices of U.S. REIT stocks were regressed against financial variables that include market value, free cash flow, dividend, FFO forecast and leverage cross-sectionally and over time. The results show that REIT market cap,future earnings forecast and Fund from Operation (FFO) estimates were found to be statistically significant and positively in explaining the variations in the prices of REIT stocks. The other financial variables were found to be statistically insignificant in influencing REIT pricing.
dc.language.isoen_US
dc.sourcehttps://lib.sde.nus.edu.sg/dspace/handle/sde/116
dc.subjectReal Estate
dc.typeDissertation
dc.contributor.departmentREAL ESTATE
dc.contributor.supervisorSING TIEN FOO
dc.description.degreeBachelor's
dc.description.degreeconferredBACHELOR OF SCIENCE (REAL ESTATE)
Appears in Collections:Bachelor's Theses

Show simple item record
Files in This Item:
File Description SizeFormatAccess SettingsVersion 
Lim Hoe Keong 2008-2009.pdf308.87 kBAdobe PDF

RESTRICTED

NoneLog In

Page view(s)

15
checked on Nov 17, 2022

Download(s)

6
checked on Nov 17, 2022

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.