Why Do Real Estate Master Limited Partnerships Seem to be Undervalued?
This study investigates one reason why real estate master limited partnerships (MLPs) are undervalued. The study finds that parents of MLPs, generally, and parents of non-real estate MLPs experience positive stock price increases when creating MLPs in the same business as the parent firm and insigni...
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| Veröffentlicht in: | The Journal of real estate research 1993-01, Vol.8 (1), p.1-12 |
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| container_title | The Journal of real estate research |
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| creator | Christensen, Donald G. Levi, Donald R. |
| description | This study investigates one reason why real estate master limited partnerships (MLPs) are undervalued. The study finds that parents of MLPs, generally, and parents of non-real estate MLPs experience positive stock price increases when creating MLPs in the same business as the parent firm and insignificant price increases otherwise. Parents of real estate MLPs experience insignificant stock price changes whether or not the MLP is in the same business as the parent firm. However, despite insignificance, we find evidence that real estate parents forming real estate MLPs may experience greater stock price appreciation than non-real estate parents creating real estate MLPs. |
| doi_str_mv | 10.1080/10835547.1993.12090701 |
| format | Article |
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The study finds that parents of MLPs, generally, and parents of non-real estate MLPs experience positive stock price increases when creating MLPs in the same business as the parent firm and insignificant price increases otherwise. Parents of real estate MLPs experience insignificant stock price changes whether or not the MLP is in the same business as the parent firm. However, despite insignificance, we find evidence that real estate parents forming real estate MLPs may experience greater stock price appreciation than non-real estate parents creating real estate MLPs.</abstract><cop>Sacramento, Calif</cop><pub>American Real Estate Society</pub><doi>10.1080/10835547.1993.12090701</doi><tpages>12</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0896-5803 |
| ispartof | The Journal of real estate research, 1993-01, Vol.8 (1), p.1-12 |
| issn | 0896-5803 2691-1175 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38581537 |
| source | Periodicals Index Online; JSTOR Archive Collection A-Z Listing |
| subjects | Business structures Error rates Financial services industries Industrial real estate Real estate Real estate economics Real estate financing Real estate industry Real estate valuation Stock prices Trade shows |
| title | Why Do Real Estate Master Limited Partnerships Seem to be Undervalued? |
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