Abstract

  
 

Citations



 


 



Are REIT Returns Hedgeable?


Arjun Chatrath


University of Portland - Dr. Robert B. Pamplin, Jr. School of Business Administration

Youguo Liang


Prudential Real Estate Investors

Michael J. Seiler


Hawaii Pacific University - Department of Finance

Journal of Real Estate Research, Vol. 16, No. 1, September 1998

Abstract:     
This study examines the ability of existing futures contracts to hedge the returns on real estate investment trusts (REITs). The results from various hedging strategies suggest that existing futures contracts do not provide the means to effectively hedge REIT returns. REITs could remain unhedgeable until futures contracts written specifically on REITs are developed.

JEL Classification: G13, G23

Accepted Paper Series


Date posted: October 22, 1998  

Suggested Citation

Chatrath, Arjun, Liang, Youguo and Seiler, Michael J., Are REIT Returns Hedgeable?. Journal of Real Estate Research, Vol. 16, No. 1, September 1998. Available at SSRN: http://ssrn.com/abstract=126008

Contact Information

Arjun Chatrath
University of Portland - Dr. Robert B. Pamplin, Jr. School of Business Administration ( email )
Portland, OR 97203
United States
503-283-7465 (Phone)
Youguo Liang
Prudential Real Estate Investors ( email )
8 Campus Drive, 4th Floor
Parsippany, NJ 07054
United States
973-683-1765 (Phone)
973-683-1788 (Fax)
Michael J. Seiler (Contact Author)
Hawaii Pacific University - Department of Finance ( email )
1132 Bishop Street, Suite 504
Honolulu, HI 96813
United States
808-544-1827 (Phone)
808-544-9306 (Fax)
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