Factors influencing the performance of listed property trusts

Graeme Newell

Factors influencing the performance of listed property trusts

Research output: Contribution to journal › Article

Abstract

A variance decomposition procedure is used to assess the proportion of LPT volatility that is attributable to stock, bond and property factors over 1985-2004. The dynamics of this LPT performance is also assessed. Property is seen to only make a small contribution to LPT variability, with the contribution of property only marginally increasing in recent years with the increased maturity of the LPT sector. The importance of stocks in LPT performance has decreased significantly, with bond-like features taking on more importance in LPT performance in recent years.

Original language	English
Pages (from-to)	211-227
Journal	Pacific Rim Property Research Journal
Volume	11
Issue number	2
Publication status	Published - 1 Jun 2005

Bibliographical note

Publisher Copyright:
© 2005, University of Western Sydney All rights reserved.

Keywords

investments
listed property trusts
real property

Cite this

@article{6f2f2cc86a9340d6b0b9c536f7311fff,

title = "Factors influencing the performance of listed property trusts",

abstract = "A variance decomposition procedure is used to assess the proportion of LPT volatility that is attributable to stock, bond and property factors over 1985-2004. The dynamics of this LPT performance is also assessed. Property is seen to only make a small contribution to LPT variability, with the contribution of property only marginally increasing in recent years with the increased maturity of the LPT sector. The importance of stocks in LPT performance has decreased significantly, with bond-like features taking on more importance in LPT performance in recent years.",

keywords = "investments, listed property trusts, real property",

author = "Graeme Newell",

year = "2005",

month = jun,

day = "1",

language = "English",

volume = "11",

pages = "211--227",

journal = "Pacific Rim Property Research Journal",

issn = "1444-5921",

publisher = "Routledge",

number = "2",

}

TY - JOUR

T1 - Factors influencing the performance of listed property trusts

AU - Newell, Graeme

PY - 2005/6/1

Y1 - 2005/6/1

N2 - A variance decomposition procedure is used to assess the proportion of LPT volatility that is attributable to stock, bond and property factors over 1985-2004. The dynamics of this LPT performance is also assessed. Property is seen to only make a small contribution to LPT variability, with the contribution of property only marginally increasing in recent years with the increased maturity of the LPT sector. The importance of stocks in LPT performance has decreased significantly, with bond-like features taking on more importance in LPT performance in recent years.

AB - A variance decomposition procedure is used to assess the proportion of LPT volatility that is attributable to stock, bond and property factors over 1985-2004. The dynamics of this LPT performance is also assessed. Property is seen to only make a small contribution to LPT variability, with the contribution of property only marginally increasing in recent years with the increased maturity of the LPT sector. The importance of stocks in LPT performance has decreased significantly, with bond-like features taking on more importance in LPT performance in recent years.

KW - investments

KW - listed property trusts

KW - real property

UR - http://handle.uws.edu.au:8081/1959.7/34354

UR - http://www.prres.net/Papers/Newell_Factors_Infuencing_The_Performance_Of_Lpts.Pdf

M3 - Article

SN - 1444-5921

VL - 11

SP - 211

EP - 227

JO - Pacific Rim Property Research Journal

JF - Pacific Rim Property Research Journal

IS - 2

ER -

Factors influencing the performance of listed property trusts

Abstract

Bibliographical note

Keywords

Other files and links

Fingerprint

Cite this