User Settings
Open AccessArticle

Real Estate or Equities? - Research into the fundamentals of Listed Real Estate

Steffen Sebastian,Alexander Schätz-2010-01-30-University of Regensburg Publication Server (University of Regensburg)

TL;DRAbstract

What is the main influence on the price and direction of an investment exposure \nto listed real estate? This is a long-contested question which goes to the heart of \nany decision on property investment.\nThe critical factor that distinguishes listed real estate from any other investment \nsector is the fundamental tangible nature of the investment – bricks and mortar. \nThe asset class draws a regular, attractive income, underlying direct property \nperformance over the medium to long term, and possesses the additional benefit of liquidity - unlike direct property investment. This report goes a some \nway laying to rest a long-term debate concerning the performance of listed real \nestate – is it equities or is it real estate? The result is clear – listed real estate \nperformance is significantly influenced by the direct real estate market over the \nmedium to long-term. \nThis conclusion suggests that an investment in listed property delivers the \naccepted security, appreciation a

Chat with Paper

AI Agents for this Paper

What is the main influence on the price and direction of an investment exposure \nto listed real estate? This is a long-contested question which goes to the heart of \nany decision on property investment.\nThe critical factor that distinguishes listed real estate from any other investment \nsector is the fundamental tangible nature of the investment – bricks and mortar. \nThe asset class draws a regular, attractive income, underlying direct property \nperformance over the medium to long term, and possesses the additional benefit of liquidity - unlike direct property investment. This report goes a some \nway laying to rest a long-term debate concerning the performance of listed real \nestate – is it equities or is it real estate? The result is clear – listed real estate \nperformance is significantly influenced by the direct real estate market over the \nmedium to long-term. \nThis conclusion suggests that an investment in listed property delivers the \naccepted security, appreciation a

Keywords

Real estateReal estate investment trustCapitalization rateBusinessCost approachCorporate Real EstateFinancePortfolio

Chat

Click to start Chat