Corporate real estate and stock performance in the international retail sector

Brounen, Dirk

Corporate real estate and stock performance in the international retail sector - 2005 - Journal of Corporate Real Estate 7(4) 2005, 287-299(13) .

Analyses the effect of corporate real estate ownership on the stock performance of firms active in the international retail sector. The authors use empirical research to show that the relative level of corporate real estate ownership depends on the industry in which a company is active. The fact that ownership varies greatly across sub-sectors is explained by differences in location and demands of real estate. Overall, real estate ownership for retail companies is associated with having a strong performance image. This contrasts with the impression that the industrial sector has negative performance effects.