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Measuring the determinants of real estate investment trusts (REITS) performance: Malaysian evidence

Chang, Fei Yong and Mohd Thas Thaker, Hassanudin and Mohd Thas Thaker, Mohamed Asmy and Allah Pitchay, Anwar (2017) Measuring the determinants of real estate investment trusts (REITS) performance: Malaysian evidence. Labuan Bulletin of International Business & Finance, 15. pp. 58-76. ISSN 1675-7262

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Abstract

The objective of this research is to study the relationship between firm-specific variables (diversification on property type and location, size of company, cost of capital, and underlying property income – model one) and macroeconomic variables (gross domestic product, interest rate, and exchange rate – model two) with the performance of real estate investment trusts (REITs) in Malaysia during the period of 2011 to 2015. The rate of return is used to measure the performance of REITs in Malaysia. This study adopted correlation and regression analysis, and thus, concluded that diversification on property type, size of firm and underlying property income are significant in this research; while all of the macroeconomic variables are insignificant. With the potential of the REITs, it is expected that this research provides insight on M-REITs’ performances to companies, future investors, investment brokers, and other researchers who study the M-REITs market.

Item Type: Article (Journal)
Additional Information: 7210/62153
Uncontrolled Keywords: Real estate investment trust; Firm-specific variables; Macroeconomic variables; Malaysia
Subjects: H Social Sciences > H Social Sciences (General)
Kulliyyahs/Centres/Divisions/Institutes: Centre for Islamic Economics
Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Dr Mohamed Asmy Bin Mohd Thas Thaker
Date Deposited: 21 Feb 2018 09:08
Last Modified: 21 Feb 2018 09:08
URI: http://irep.iium.edu.my/id/eprint/62153

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