Scope and Method of Study: This study investigated the overall performance of lodging REITs during the period January 1993 to December 2005, relative to relevant industry benchmarks and other equity REITs. The Jensen Index was used to measure the performance of the various REIT sectors relative to the market benchmarks. The Tukey multiple comparison and a one way analysis of variance (ANOVA) were conducted to examine the performance of the various REIT sectors. Least Square Regression analysis was also employed.
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Leonard Jackson (2009) studied this question.
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