Risk and performance of international listed real estate returnsCoen, A., Desfleurs, A. and Lecomte, P. (2019) Risk and performance of international listed real estate returns. The Journal of Wealth Management, 21 (4). pp. 106-121. ISSN 1534-7524 Full text not archived in this repository. It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. Official URL: https://jwm.iijournals.com/content/early/2019/01/0... Abstract/SummaryThis article studies the performances of publicly traded real estate companies (real estate investment trusts and listed property companies) from 14 countries covering North America, Europe, and Asia as proxied by FTSE EPRA/NAREIT Global Real Estate Indexes over the period 2000 to 2015. We implement robust normalized risk-adjusted performance measures and compare nine performance indicators before, during, and after the global financial crisis (GFC). Our findings show that the GFC had a huge impact on the ranking of international listed real estate securities’ relative performance. The study also stresses the importance of applying various performance measures to get a full picture of international listed real estate returns.
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