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This is a Quantitative Study study.

October 17, 2025Acta CommerciiOpen Access

Real estate investment trusts: A price-based risk-adjusted performance study in South Africa

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Authors

JTJonathan TemboTwitter (United States)COChioma OkoroUniversity of Johannesburg

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Implication

The study assesses risk-adjusted returns of real estate investment trusts in South Africa, indicating performance variances against several benchmarks.

Key Points

REITs demonstrated superior capital-return performance using the Treynor measure, yet underperformed on all other metrics.
Under the Sharpe, Sortino, Jensen Alpha, and Information Ratio measures, REITs lagged behind alternative investments on a capital-return basis.
Daily price-based returns for leading REITs were benchmarked against various indices, revealing insights into their capital-return capabilities.
The findings suggest potential underperformance of REITs may influence liquidity and tactical allocation decisions for short-term investors.

Cite This Study

Tembo et al. (2025) studied this question.

synapsesocial.com/papers/68f199b7de32064e504dc85e https://doi.org/10.4102/ac.v25i1.1418

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Implication

The study assesses risk-adjusted returns of real estate investment trusts in South Africa, indicating performance variances against several benchmarks.

Real estate investment trusts: A price-based risk-adjusted performance study in South Africa

Discussion

Member takes

Implication

Key Points

Cite This Study

Real estate investment trusts: A price-based risk-adjusted performance study in South Africa

Discussion

Member takes

Implication

Key Points

Cite This Study

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