Conditioned geographical clustering is the strategy of grou** portions of a REIT's property
portfolio within a contiguous region to exploit economies of scale through spatial proximity …

In this study, we examine the influence of real estate market sentiment, market-level
uncertainty, and REIT-level uncertainty on cumulative abnormal earnings announcement …

This study examines the market value of REIT dividends conditional on transparency of
operating structure and effectiveness of boards. Results suggest that total, mandatory and …

This study compares the information content of funds from operations (FFO) and net income
(NI) in the real estate investment trust (REIT) industry. We find that models using FFO explain …

Traditionally, we have assessed firm success relative to a two factor model using say size
and a book-to-market ratio. However, recently Novy-Marx (2013) suggests that these …

This book analyses calendar anomalies in the real estate industry with a focus on the
European market. It considers annual, monthly and weekly calendar anomalies looking at a …

Purpose–In the finance literature, fitting a cross-sectional regression with (estimated)
abnormal returns as the dependent variable and firm-specific variables (eg financial ratios) …

Conveyance of information associated with REIT FFO announcements is investigated by
decomposing stock returns into three components: firm-specific, industry-level and market …

We examine the effect of institutional ownership on abnormal trading volume around the
announcement of funds from operations (FFO) by real estate investment trusts (REITs). Our …

The growing empirical literature testing informational efficiency of real estate markets uses
data from various contexts and at different levels of aggregation. The results of these studies …