II Congresso Internacional de Investigación : innovación y desarrollo regional
Date of publication
2015
Presentation's date
2015-06-11
Book of congress proceedings
Tribuna plural : la revista científica : monográfico núm. 2 : II Acto Internacional Congreso internacional de investigación innovación y desarrollo regional, Torreón, Coahuila y Gómez Palacio, Durango, México, 14 a 16 de octubre 2015
Real Estate Investment Trusts (hereinafter, REIT) are investment companies which
capitalize real estate assets by offering company shares on the stock markets.
The recent economic upturn has led to a sharp increase in the constitution of REITs.
Nevertheless, real estate managers should weigh up the advantages of these securities
compared to other alternatives of financing real estate activity. Variables affecting REIT
performance that managers should analyse include market price and market capit...
Real Estate Investment Trusts (hereinafter, REIT) are investment companies which
capitalize real estate assets by offering company shares on the stock markets.
The recent economic upturn has led to a sharp increase in the constitution of REITs.
Nevertheless, real estate managers should weigh up the advantages of these securities
compared to other alternatives of financing real estate activity. Variables affecting REIT
performance that managers should analyse include market price and market capitalization
(compared to net asset value), expected liquidity, start-up costs, systematic risk, finance
costs and tax benefits, and also other aspects such as company control, transparency
requirements and regulatory limits.
REITs have become a competitive way to finance real estate activity, especially in the light
of the credit constraints that still affect the industry. This paper analyses the factors that
managers should take into account when considering whether to set up a REIT.
Citation
Roig, J., Soriano, J.M., García Cueto, J.I. Factors influencing the decision to set up a REIT. A: Congreso Internacional de Investigación. "Tribuna plural : la revista científica : monográfico núm. 2 : II Acto Internacional Congreso internacional de investigación innovación y desarrollo regional, Torreón, Coahuila y Gómez Palacio, Durango, México, 14 a 16 de octubre 2015". Torreón: 2015, p. 259-270.
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