The dynamic of linkages of Islamic REITs in mixed-asset portfolios in Malaysia

Rozman, Ahmad Tajjudin; Razali, Muhammad Najib; Azmi, Nurul Afiqah; Ali, Hishamuddin Mohd

doi:10.1080/14445921.2016.1235758

Cited by 2 publications

(1 citation statement)

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“…M-REITs displayed "defensive characteristics of low-risk levels and portfolio diversification benefits. Rozman et al (2016) assessed dynamic linkages of I-REITs in the Malaysian stock market using Granger causality test over a period of 7 years. The result highlighted the diversification potentials of I-REITs within any asset classes of shares or bonds.…”

Section: Reviewmentioning

confidence: 99%

Affordable Housing Ambidexterity of Real Estate Investment Trusts: SWOT Analysis for N-REITs

2021

EJBM

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Symmetric movements of real estate investment trust (REIT) capitalization and affordable housing deficit in Nigeria fuelled the motivation of the study on analyzing the implications of an affordable housing ambidexterity of REITs in Nigeria (N-REITs). The focus on REITs was informed by the unsustainable growth in the deficit statistics of affordable housing in Nigeria which implies a think-outside-the-box search for financing panacea. Indeed, there seems a paucity of empirical and practical evidence of such ambidextrous diversification for N-REITs, so the study was aimed at conducting a strength, weakness, opportunity and threat (SWOT) analysis of affordable housing ambidexterity of N-REITs. Survey research method was employed on a sample frame of housing delivery stakeholders. Sample size of 369 was determined using Freund and Williams formula, while the research instrument was a self-administered e-questionnaire. Data was obtained from primary sources, and further subjected to descriptive analysis. The study found that professional investment management competency was the most dominant strength, 10% investable income was the most significant weakness, significant room for rise in market share was the most significant opportunity, while effect of systematic risk on sustainability planning was the most significant threat to N-REIT ambidexterity towards affordable housing investment in Nigeria. The study concluded that the professional investment management quality of REITs, in comparison with non-listed direct real estate companies would envisage a robust and sustainable contribution to increase in affordable housing stock in the country. It was recommended that management of N-REITs should leverage on their professional investment management strengths to explore blue ocean strategies for an ambidextrous attitude that enhances the growth and sustainability of affordable housing units, in addition to the employment of risk analysis, management and mitigation strategies to limit the effect of volatilities from macroeconomic risks.

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Section: Reviewmentioning

confidence: 99%