Performance of Property Unit Trusts and Property Loan Stocks

Charles Nsibande

ISBN 10: 3838391195 / ISBN 13: 9783838391199

Published by LAP LAMBERT Academic Publishing Aug 2010, 2010

About this Item

Neuware -The book compares the performance of Property Investment Trusts and Property Loan Stock companies which have similar investment instruments but have different restrictions on borrowing. This book is highly relevant in understanding the properties of risk versus return when you considering different debt structures of Property Investments Trusts. The book also applied Value at Risks concepts in the analysis of the data. The study population in the book was based on the Property Unit Trusts and Property Loan Stock companies listed on the JSE Securities Exchange over the period 1990 to 2004. The returns were measured and both nominal and risk-adjusted returns (using Sharpe measure) were subjected to the NCSS statistical program analysis to determine whether there were significant differences in the returns. The Value at Risk analysis clearly indicates that Property Unit Trusts, with low gearing, have better risk-sharing characteristics than Property Loan Stock companies with no restrictions on gearing.Books on Demand GmbH, Überseering 33, 22297 Hamburg 100 pp. Englisch.

Seller Inventory # 9783838391199

Bibliographic Details

• Title: Performance of Property Unit Trusts and Property Loan Stocks
• Publisher: LAP LAMBERT Academic Publishing Aug 2010
• Publication Date: 2010
• Language: English
• ISBN 10: 3838391195
• ISBN 13: 9783838391199
• Binding: Taschenbuch
• Condition: Neu

About this title

Synopsis

The book compares the performance of Property Investment Trusts and Property Loan Stock companies which have similar investment instruments but have different restrictions on borrowing. This book is highly relevant in understanding the properties of risk versus return when you considering different debt structures of Property Investments Trusts. The book also applied Value at Risks concepts in the analysis of the data. The study population in the book was based on the Property Unit Trusts and Property Loan Stock companies listed on the JSE Securities Exchange over the period 1990 to 2004. The returns were measured and both nominal and risk-adjusted returns (using Sharpe measure) were subjected to the NCSS statistical program analysis to determine whether there were significant differences in the returns. The Value at Risk analysis clearly indicates that Property Unit Trusts, with low gearing, have better risk-sharing characteristics than Property Loan Stock companies with no restrictions on gearing.

About the Author

Charles Muzi Nsibande, MBA, MSc(Property), BSc (Science). Studied Property and Finance at the University of Witwatersrand, South Africa. I am a Project Manager and Principal of Bogoje Properties. I am a chartered Surveyor and a chartered Builder.