Charles Nsibande

Performance of Property Unit Trusts and Property Loan Stocks

Property Investment Trusts - comparison of performance

• Broschiertes Buch

Produktbeschreibung

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.

Produktdetails

• Verlag: LAP Lambert Academic Publishing
• Seitenzahl: 100
• Erscheinungstermin: 4. August 2010
• Englisch
• Abmessung: 220mm x 150mm x 6mm
• Gewicht: 167g
• ISBN-13: 9783838391199
• ISBN-10: 3838391195
• Artikelnr.: 31190428

Autorenporträt

Charles Muzi Nsibande, Doctoraatsonderzoek, MBA, MSc (Property), BSc (Science). Studeerde vastgoed, onroerend goed en financiën aan de Universiteit van Witwatersrand, Zuid-Afrika en aan de Henley Business School, Verenigd Koninkrijk. Charles is projectmanager en directeur van Bogoje Properties. Hij is een chartered Surveyor en een chartered Builder.