Stability of Dividends: An Empirical Analysis Across REIT Sectors

摘要

This paper empirically analyzes whether recent stories that Real Estate Investment Trusts have not weathered the recession well are correct and if there is a significant difference between sectors. It will, as a consequence, give an indication if any sectors are at risk of having to cut dividends with the negative capital market implications associated with such an action. It is found that the rumors of the demise of REITs have been greatly exaggerated.