Journal of Property Investment & Finance: Volume 35 Issue 2

Editorial

Nick French

An international analysis of time varying beta risk in listed real estate securities

Giacomo Morri, Federico Romito

Listed real estate securities have historically been used to achieve an exposure to the real estate asset class and to obtain a broad spectrum of other specific features such as…

Occupier satisfaction and its impact on investment returns from UK commercial real estate

Danielle Claire Sanderson, Steven Devaney

The purpose of this paper is to investigate the relationship between occupiers’ satisfaction with the property management service they receive and the financial performance of…

Decision making in the pre-development stage of residential development

Satakhun Kosavinta, Donyaprueth Krairit, Do Ba Khang

The purpose of this paper is to investigate the rationality of the decision making of residential developers in Thailand. Exploring its implications in the residential development…

Implications of dividend tax reforms on M-REITs performance

Nur Adiana Hiau Abdullah, Kamarun Nisham Taufil Mohd, Woei Chyuan Wong

The purpose of this paper is to examine the performance of 19 Malaysian Real Estate Investment Trusts (M-REITs) over the period 1999 to 2014, following the implementation of…

The performance of externally managed REITs in Asia: Further evidence from free cash flow and agency costs

Wei Lan Chong, Kien Hwa Ting, Fan Fah Cheng

The purpose of this paper is to examine the impact of free cash flow (FCF) on the agency costs and how these FCF and agency costs affect the performance of REITs in Asia. Unlike…

Valuation paradigm: a rationality and (un)certainty spectrum

David Jansen van Vuuren

The purpose of this paper is threefold: the primary purpose is to suggest a real estate paradigm spectrum to act as reference for the contextualisation of observed market…