The linkage of REIT income-and price-returns with fundamental economic variables.

SelectedWorks Author Profiles:

Gary A. Patterson

Document Type


Publication Date


Date Issued

January 2003

Date Available

August 2014




Excerpt: “…This article explores how real estate investment trusts (REITs) may offer profitable options that are not closely linked to the performance of the U.S. equity markets. Specifically, we observe how REIT returns respond differently to changes in macroeconomic variable and to movement in the U.S. equity market. This study explores new terrain by focusing upon the income and price components of RET returns and by examining the interaction of income- and price-returns with fundamental economic variables that capture changes in economic and financial activities…” (p.39)


Excerpt only. Full-text article is available through licensed access provided by the publisher. Published in The Journal of Alternative Investments, 6(1), 39-50. Members of the USF System may access the full-text of the article through the authenticated link provided. This article was also abstracted by The CFA Digest, 2004, 34, 1, pp. 7-8.




Institutional Investor, Inc.

Creative Commons License

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