Tobias Muhlhofer

University of Miami - Department of Finance

P.O. Box 248094

Coral Gables, FL 33124-6552

United States

http://tobias.muhlhofer.com

SCHOLARLY PAPERS

10

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2,114

SSRN CITATIONS
Rank 29,347

SSRN RANKINGS

Top 29,347

in Total Papers Citations

10

CROSSREF CITATIONS

15

Scholarly Papers (10)

1.

Alternative Benchmarks for Evaluating REIT Mutual Fund Performance

Number of pages: 40 Posted: 01 Nov 2007 Last Revised: 07 Oct 2008
Jay C. Hartzell, Tobias Muhlhofer and Sheridan Titman
University of Texas at Austin - Department of Finance, University of Miami - Department of Finance and University of Texas at Austin - Department of Finance
Downloads 721 (37,097)
Citation 2

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REITs, Mutual Funds, Performance Evaluation

Why Do Reit Returns Poorly Reflect Property Returns? Unrealizable Appreciation Gains Due to Trading Constraints as the Solution to the Short-Term Disparity

Number of pages: 46 Posted: 12 Jul 2006 Last Revised: 08 Apr 2012
Tobias Muhlhofer
University of Miami - Department of Finance
Downloads 460 (65,629)
Citation 5

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REIT returns, property returns, real estate factor, UPREITs, portfolio management, REIT asset pricing, REIT regulations

Why Do REIT Returns Poorly Reflect Property Returns? Unrealizable Appreciation Gains Due to Trading Constraints as the Solution to the Short‐Term Disparity

Real Estate Economics, Vol. 41, Issue 4, pp. 814-857, 2013
Number of pages: 44 Posted: 17 Dec 2013
Tobias Muhlhofer
University of Miami - Department of Finance
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Why Do REIT Returns Poorly Reflect Property Returns? Unrealizable Appreciation Gains Due to Trading Constraints as the Solution to the Short-Term Disparity

Real Estate Economics, Forthcoming
Posted: 22 Feb 2012
Tobias Muhlhofer
University of Miami - Department of Finance

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REIT returns, REIT regulations, property returns, UPREITs, portfolio management, dealer rule

3.

Heuristic Fund Allocation Decisions

8th Miami Behavioral Finance Conference 2017, University of Miami Business School Research Paper No. 2869426
Number of pages: 47 Posted: 15 Nov 2016 Last Revised: 13 Feb 2020
University of Miami, University of Miami - Miami Herbert Business School, University of Miami - Department of Finance and University of Melbourne - Department of Finance
Downloads 283 (115,774)

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heuristics, mutual fund flows, sector funds, sophistication, model uncertainty

Do Stock Prices Move too Much to be Justified by Changes in Dividends? Evidence from Real Estate Investment Trusts

Number of pages: 46 Posted: 22 Mar 2009 Last Revised: 14 Apr 2010
Tobias Muhlhofer and Andrey Ukhov
University of Miami - Department of Finance and Cornell University
Downloads 270 (120,587)
Citation 4

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Dividend Pricing Models, Excess Volatility, Cash Flows, Vector Autoregression, Real Estate Investment Trusts

Do Stock Prices Move Too Much to Be Justified by Changes in Dividends? Evidence from Real Estate Investment Trusts

46th Annual AREUEA Conference Paper
Posted: 01 Dec 2010
Tobias Muhlhofer and Andrey Ukhov
University of Miami - Department of Finance and Cornell University

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They Would if They Could: Assessing the Bindingness of the Property Holding Constraints for REITs

Number of pages: 38 Posted: 06 May 2008 Last Revised: 14 Dec 2009
Tobias Muhlhofer
University of Miami - Department of Finance
Downloads 93 (299,138)
Citation 2

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Real Estate Invstment Trusts, Market Timing, Filter Rules, Institutional Constraints

They Would If They Could: Assessing the Bindingness of the Property Holding Constraints for Reits

Real Estate Economics, Vol. 47, Issue 2, pp. 431-477, 2019
Number of pages: 47 Posted: 16 Apr 2019
Tobias Muhlhofer
University of Miami - Department of Finance
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Citation 3
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They Would If They Could: Assessing the Bindingness of the Property Holding Constraints for REITs

Real Estate Economics, Forthcoming
Posted: 08 Jan 2015
Tobias Muhlhofer
University of Miami - Department of Finance

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Real Estate Investment Trusts, Dealer Rule, Trading Constraints, Market Timing, UPREITs

6.

Do Stock Prices Move Too Much to Be Justified by Changes in Cash Flows? New Evidence from Parallel Asset Markets

29th International Conference of the French Finance Association (AFFI) 2012
Number of pages: 35 Posted: 02 Oct 2012
Tobias Muhlhofer and Andrey Ukhov
University of Miami - Department of Finance and Cornell University
Downloads 76 (335,595)

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Dividend Pricing Models, Excess Volatility, Cash Flows, Vector Autoregression, Real Estate Investment Trusts

7.

Capital-Market Competitiveness and Managerial Investment Decisions: Evidence from Commercial Real Estate

Number of pages: 41 Posted: 12 Dec 2016
Yael V. Hochberg and Tobias Muhlhofer
National Bureau of Economic Research (NBER) and University of Miami - Department of Finance
Downloads 71 (348,612)
Citation 1

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Competitive Capital Markets, Decision Making, Investment Management, Commercial Real Estate

8.

Using Cash Flow Dynamics to Price Thinly Traded Assets: The Case of Commercial Real Estate

Number of pages: 46 Posted: 02 Nov 2014
Cornell University, Cornell University - School of Hotel Administration, University of Miami - Department of Finance and Massachusetts Institute of Technology
Downloads 66 (362,533)

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Thinly traded assets, asset pricing, panel vector autoregression, commercial real estate

9.

Using Cash Flow Dynamics to Price Thinly Traded Assets

Number of pages: 49 Posted: 27 Nov 2017 Last Revised: 09 Jul 2019
Cornell University, Cornell University - School of Hotel Administration, University of Miami - Department of Finance and Massachusetts Institute of Technology
Downloads 48 (421,155)
Citation 1

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asset pricing, thinly traded assets, panel vector autoregression, fixed income, commercial mortgage-backed securities

10.

Leverage Cycles in a Mature Asset Class: New Evidence From a Natural Laboratory

Kenan Institute of Private Enterprise Research Paper No. 18-29
Number of pages: 55 Posted: 07 Oct 2018 Last Revised: 26 Mar 2019
Robert A. Connolly and Tobias Muhlhofer
University of North Carolina (UNC) at Chapel Hill - Finance Area and University of Miami - Department of Finance
Downloads 26 (519,954)

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Leverage Cycle, Loan-to-Value, Commercial Real Estate, VAR