Impact of Securitized Real Estate On Portfolio Performance Under Alternative Market Conditions

Authors

Marcus Allen, Florida Atlantic University
Kenneth Wiant, Tennessee Tech University

Abstract

This study considers the impact of adding real estate investment trust (REIT) stocks to stock portfolios in varying proportions under different economic conditions. To the extent real estate offers diversification benefits to stock market investors, REITs may serve as a practical alterative to the relatively high trading costs of direct equity positions in real estate investments. The results suggest that the inclusion of securitized real estate enhances portfolio performance during positive economic climates, but diminishes portfolio performance during negative economic climates.

Volume

2

Issue

1

First Page

1

Last Page

8

DOI

10.58809/FGOP4160

Comments

For questions contact ScholarsRepository@fhsu.edu

Rights

© Fort Hays State University

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.

Recommended Citation

Allen, Marcus and Wiant, Kenneth (2006) "Impact of Securitized Real Estate On Portfolio Performance Under Alternative Market Conditions," Journal of Business & Leadership: Research, Practice, and Teaching (2005-2012): Vol. 2: No. 1, Article 2.
DOI: 10.58809/FGOP4160
Available at: https://scholars.fhsu.edu/jbl/vol2/iss1/2