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The Determinant Factors of Real Estate Investment Trust (REIT)’s Performance: Evidence from Asian REITs

Indonesian Capital Market Review

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Title The Determinant Factors of Real Estate Investment Trust (REIT)’s Performance: Evidence from Asian REITs
 
Creator Nor Edi Azhar Binti Mohamad; Universiti Tenaga Nasional
Ilyas Ariefin Bin Zolkifli; Universiti Tenaga Nasional
 
Subject —
 
Description This paper investigates the factors that can influence the Real Estate Investment Trust (REIT)’s performance, paying particular attention to the listed REIT’s in Asian.  Samples of 45 Asian listed REITs are selected from five different countries namely Taiwan, Thailand, Malaysia, Hong Kong, Japan and Singapore for 5 years basis from 2007 to 2011 with 225 observations. Study used Net Asset value (NAV) and Return as the proxy for REITs performance while risk, dividend yield, net income and size to represent the determinants variable. Applying correlations and multiple regression analysis, the results provide evidence on the association between NAV and return with risk, dividend yield, net income and size of REITs. Results of this study are hoped to help the investors and portfolio managers to deepen their understanding of the dependence factors that might influence the performance of REITs in Asian. Keywords: Net asset value (NAV), Real Estate Investment Trust (REITs), Risk and Dividend Yield.
 
Publisher Management Research Center, Department of Management, Faculty of Economics and Business, U
 
Contributor —
 
Date 2014-01-01
 
Type Peer-reviewed Article
 
Format image/ipeg
 
Identifier http://journal.ui.ac.id/index.php/icmr/article/view/2987
 
Source Indonesian Capital Market Review; Vol 6, No 1 (2014): January 2014
 
Language en