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We'll provide a PDF copy for your screen reader. American Real Estate Society. You can always find the topics here! Net income , Cash flow , Real estate investment trusts , Prices , Regression coefficients , Information content , Cash , Accounting interpretations , Depreciation , Coefficients.

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W.P. Carey, Realty Income And National Retail Properties: A Cash Flow Review For The Income Investor | Seeking Alpha

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How to do a discounted cash flow valuation for REITs? : SecurityAnalysis

Subscribe to JPASS Monthly Plan. Abstract This article examines the incremental information content of net income and cash flows for equity real estate investment trusts REITs.

REITs provide a natural setting for investigating which measure, earnings or cash flows, provides a better summary statistic of corporate value. No formal empirical analysis has been conducted for REITs however, and existing research for public firms in general provides mixed results.

Using three alternative models, we find funds from operations FFO has a higher information content than net income, and contains incremental information beyond that contained in net income.

Our results support the usefulness of the FFO measure for REITs. JSTOR Home About Search Browse Terms and Conditions Privacy Policy Cookies Accessibility Help Contact Us. Loading Processing your request How does it work?