摘要
一定可接受的风险水平上,实现基金单位持有者投资价值最大化是房地产投资信托(REITs)应当追求的最关键目标。通过从盈利水平和风险程度两个方面,对新加坡7家业务类型各异且布局侧重各有不同的权益型上市REITs的业绩水平进行测量与评估,得出:在一定限制条件下,集中投资于不同房地产类型使得REITs的盈利能力和市场风险存在差异。最后,在此基础上提出对发展中国REITs基金产品的启示。
To achieve maximum value of investment fund holders in a certain level of risk is the key objective of REITs. From the two aspects of profitability and risk, the performance of seven equity listed REITs in Singapore with different types and layouts are measured and appraised, and the results indicate that under some restrictions, centralized investment into different types of real estate makes the difference between the profitability and risk of REITs. Finally, some conclusions are made on how to develop REITs fund products in China.
出处
《云南财经大学学报》
CSSCI
北大核心
2012年第1期87-94,共8页
Journal of Yunnan University of Finance and Economics
基金
西安社会科学研究项目"西安非公有制经济发展研究"(09J68)
陕西师范大学人文社会科学研究基金项目"陕西促进房地产市场稳定健康发展对策研究"(09SZD13)
