Abstracts for Vol.
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Although many people have studied REIT performance, their findings on the long-term performance of REITs are generally inconclusive. The results indicate that the performance of the REIT portfolios was consistent with the security market line for the 1970-1993 period. However, REIT performance varied over the period. Finally, survivor REITs in general performed better than the overall REIT population. Return to the top of this web page An Empirical Examination of Compensation of REIT Managers Marc C. Chopin, Ross N. Dickens, and Roger M. Shelor Principal-agent literature finds that manager and owner incentives can be aligned with performance contingent contracts.