A Study on Comparison of Returns Depending on REITs Types and Size
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The present study analyzed the types of REITs, its continuously expanding market and returns by sizes as one of the representative real estate indirect investment products. Descriptive Analysis and ANOVA(Analysis of Variance) were employed to analyze its types and differences of returns by sizes. The study we conducted showed that Commissioned REITs and Self-managed REITs were homeogenous groups in terms of returns; yet, they differed from Corporate Restructuring REITs. Given the aforementioned descriptive statistics, returns from Corporate Restructuring REITs can witness higher returns than other two types. Furthermore, the differences of returns in terms of its assets show that REITs goods ranging from more than 10 billion won to less 300 billion won see higher returns than those ranging from less than 10 billion won to over 300 billion won. In short, domestic REITs show different returns not only depending on types as well as on assets. Therefore, corporate structuring REITs witnesses higher returns than two other types when investors make investments in domestic REITs goods in terms of profit. In terms of assets, it would be more reasonable to invest in REITs ranging from more than 10 billion won to less than 300 billion won. Thus, investors need to make judicious decisions on REITs by considering its types and assets.
Abstract
The present study analyzed the types of REITs, its continuously expanding market and returns by sizes as one of the representative real estate indirect investment products. Descriptive Analysis and ANOVA(Analysis of Variance) were employed to analyze its types and differences of returns by sizes. The study we conducted showed that Commissioned REITs and Self-managed REITs were homeogenous groups in terms of returns; yet, they differed from Corporate Restructuring REITs. Given the aforementioned descriptive statistics, returns from Corporate Restructuring REITs can witness higher returns than other two types. Furthermore, the differences of returns in terms of its assets show that REITs goods ranging from more than 10 billion won to less 300 billion won see higher returns than those ranging from less than 10 billion won to over 300 billion won. In short, domestic REITs show different returns not only depending on types as well as on assets. Therefore, corporate structuring REITs witnesses higher returns than two other types when investors make investments in domestic REITs goods in terms of profit. In terms of assets, it would be more reasonable to invest in REITs ranging from more than 10 billion won to less than 300 billion won. Thus, investors need to make judicious decisions on REITs by considering its types and assets.
참고문헌 (13)
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