Value premium in international REITs

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van der Werf, Y. M.; Huibers, F.;
  • Publisher: Amsterdam School of Real Estate

We find evidence of a value premium of 10.3 per cent per annum for international developed REITs over the period Q2-1993-Q2-2013. REITs with a high book value of equity compared to their market value of equity (in case of REITs book value of equity is approximately equa... View more
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