U.S. REIT industry profitability: a Bennet decomposition of industry dynamics

This paper considers the aggregate profitability performance of the REIT industry. The aggregate performance depends on the underlying microeconomic dynamics within an industry – the growth of individual REITs (the within effect), the reallocation between existing REITs (the between effect), the ent...

Full description

Bibliographic Details
Main Authors: Zhilan Feng, Stephen M. Miller, Dogan Tirtiroglu
Format: Article
Language:English
Published: Vilnius Gediminas Technical University 2021-06-01
Series:International Journal of Strategic Property Management
Subjects:
Online Access:https://journals.vgtu.lt/index.php/IJSPM/article/view/14958