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Abstract: An Analysis of the Erosion of Shareholder Equity among Short-Term Real Estate Investment Trusts

Published online by Cambridge University Press:  19 October 2009

Brian M. Neuberger  and
Michael A. Hughes
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Extract

The shareholder equities of most construction lending Real Estate Investment Trusts (REITs) have been rapidly eroded by massive losses. Some trusts, however, have maintained a reasonable degree of stability. Our objective was to statistically analyze variations in the stability of shareholder equity to obtain insights into the operation of the REITs and to suggest possible causal relationships for their lower overall performance.

Type
III. Real Estate Finance and Investment
Information
Journal of Financial and Quantitative Analysis , Volume 11 , Issue 4 , November 1976 , pp. 549
Copyright
Copyright © School of Business Administration, University of Washington 1976

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