Real estate investment trusts during market shocks: Impact and resilience
Dr. Apostolos Ampountolas, SHA Assistant Professor of Hospitality Finance, recently published an article in the Tourism Economics Journal that examined five real estate investment trusts (REITs) market indices’ responses to market shock from the initial COVID-19 pandemic announcement using an event study design.
This study advances our understanding of pandemic-related market crashes and how COVID-19 affected cross-sector REIT equities compared to other market indices.