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STRATEGIES AND RISKS OF THE U. S. REAL ESTATE INVESTMENT TRUSTS

https://doi.org/10.32686/1812-5220-2016-13-4-62-67

Abstract

The paper provides analysis of the key strategy features and risks of the U. S. real estate investment trusts (REITs). Business models of equity REITs and their risks differ depending on the sectors of their investment. Core risks of mortgage REITs originate from their method of profit generation, which is based on active leveraging.

About the Author

Y. A. Burkova
Moscow State Institute of International Relations (University) of the Ministry of Foreign Aff airs of the Russian Federation, Moscow
Russian Federation


References

1. REITWatch. A monthly statistical report on real estate investment trust industry. [Electronic resource] / NAREIT. Mode of access: https://www.reit.com/data-research/data/ reitwatch (accessed 03.07.2016).

2. REITWatch. A monthly statistical report on real estate investment trust industry. January 2016. Data as of December 31, 2015 [Electronic resource] / NAREIT. January 2015. Mode of access: https://www.reit.com/sites/default/files/ reitwatch/RW1601.pdf (accessed 03.07.2016).

3. REITWatch. A monthly statistical report on real estate investment trust industry. December 1999. Data as of November 30, 1999 [Electronic resource] / NAREIT. December 1999. Mode of access: https://www.reit.com/ sites/default/files/media/Portals/0/Files/Nareit/htdocs/ REITWatch/RW9912.pdf (accessed 22.10.2015).

4. Block R.L. Investing in REITs: Real Estate investment Trusts. 3th edition. New York: Bloomberg Press, 2006. 369 p.

5. Буркова Ю.А. Инвестиционные трасты недвижимости в развитых странах // Вестник МГИМО-Университета. 2014. № 4. С. 197-205.

6. Global Financial Stability Report. Transition Challenges to Stability. October 2013 [Electronic resource] / International Monetary Fund. October 2013. 155 p. Mode of access: http://www.imf.org/External/Pubs/FT/GFSR/2013/02/pdf/ text.pdf (accessed 05.07.2016).

7. NAREIT Brief. Agency Mortgage REITs and Financial Stability [Electronic resource] / National Association of Real Estate Investment Trusts. May 2014. 20 p. Mode of access: https://www.reit.com/sites/default/files/ media/PDFs/2014NAREITMREITStability.pdf (accessed 05.07.2016).


Review

For citations:


Burkova Y.A. STRATEGIES AND RISKS OF THE U. S. REAL ESTATE INVESTMENT TRUSTS. Issues of Risk Analysis. 2016;13(4):62-67. (In Russ.) https://doi.org/10.32686/1812-5220-2016-13-4-62-67

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ISSN 1812-5220 (Print)
ISSN 2658-7882 (Online)