REIT Conversions

Authors

  • Olgun Fuat Sahin Saint Louis University

DOI:

https://doi.org/10.33423/jaf.v19i1.1034

Keywords:

Accounting, Finance, Business, Economic, REIT Conversions

Abstract

In this study, I examine the wealth effects of REIT conversions. I find that REIT conversion
announcements create significant positive wealth for shareholders of firms announcing REIT
conversions. I find that cumulative average abnormal return around REIT conversion announcements is 6.01 percent. The wealth gain is 7.63 percent for those firms planning to convert into REITs through spinoffs. The results also show that shareholder wealth gains are associated with potential tax savings.

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Published

2019-03-26

How to Cite

Sahin, O. F. (2019). REIT Conversions. Journal of Accounting and Finance, 19(1). https://doi.org/10.33423/jaf.v19i1.1034

Issue

Vol. 19 No. 1 (2019)

Section

Articles

License

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