arbiter
JournalsPricingAccount

REITs’ Cash Holdings Around the Global Financial Crisis

Isarin Durongkadej & Stoyu I. Ivanov

Review of Pacific Basin Financial Markets and Policies2026https://doi.org/10.1142/s0219091526500049article
ABDC B
Weight
0.50

What the paper says

We examine cash holdings of Real Estate Investment Trusts (REITs) and document that mortgage REITs (MREITs) hold more cash and equivalents than equity REITs, but the difference is reduced after the 2007 Global Financial Crisis. We find evidence indicating that MREITs managers hoard excessive cash, potentially, at a cost of returns to their investors before the Global Financial Crisis and that they reduce their cash holdings after the crisis. Post crisis, the factors determining cash holdings have a weaker effect, consistent with the conservatism motive. REITs hold more cash strategically for their capital investment, dividend payment, and expected shortage in operating cash flows.

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1142/s0219091526500049

Or copy a formatted citation

@article{isarin2026,
  title        = {{REITs’ Cash Holdings Around the Global Financial Crisis}},
  author       = {Isarin Durongkadej & Stoyu I. Ivanov},
  journal      = {Review of Pacific Basin Financial Markets and Policies},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1142/s0219091526500049},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

REITs’ Cash Holdings Around the Global Financial Crisis

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.