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

8

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13

Scholarly Papers (8)

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 621 (30,641)
Citation 7

Abstract:

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 427 (53,233)
Citation 3

Abstract:

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
Downloads 0
Citation 2
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Abstract:

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

Abstract:

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

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 255 (96,597)
Citation 1

Abstract:

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

Abstract:

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 80 (254,437)
Citation 2

Abstract:

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

Abstract:

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

5.

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 61 (283,552)

Abstract:

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

6.

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 34 (316,439)

Abstract:

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

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 0 (407,885)

Abstract:

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

8.

CAPM, Factors, and Sectors: Do Investors Utilize Available Information?

Number of pages: 52 Posted: 15 Nov 2016 Last Revised: 10 Mar 2017
University of Miami, University of Miami - School of Business Administration, University of Miami - Department of Finance and University of Melbourne
Downloads 0 (206,893)

Abstract:

Factor Models, CAPM, Mutual Funds, Flows, Investor Behavior