IDEAS home Printed from https://ideas.repec.org/a/ban/bancar/v02y2010mfebruaryp86-93.html
   My bibliography  Save this article

Management fee and italian retail Reits

Author

Listed:
  • Silvia Asdrubali

    (Università di Macerata)

Abstract

The study focuses on the management fee structure of Italian listed and unlisted real estate investment trusts (Reits).The analysis illustrates how the management fee is typically calculated and investigates Reits’ management costs upon their operational and economic characteristics.The results show that the management fee of Reits which have been established via cash contributions is higher than that of seeded Reits. Newly established Reits seem to use the management fee structure for competing in the market. Mixed Reits’ management fees are typically higher than in the case of specialized Reits. Reits with income distribution apply on average a lower management fee than Reits with no dividend distribution. Finally, the analysis shows that there is an inverse relation between management fees and the size of the assets under management.

Suggested Citation

  • Silvia Asdrubali, 2010. "Management fee and italian retail Reits," BANCARIA, Bancaria Editrice, vol. 2, pages 86-93, February.
    • Handle: RePEc:ban:bancar:v:02:y:2010:m:february:p:86-93
    as

    Download full text from publisher

    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/1882/bancaria-n-2-2010
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    fondi immobiliari; commissioni; Gav; Nav;
    All these keywords.

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ban:bancar:v:02:y:2010:m:february:p:86-93. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Francesco Emiliano Tani (email available below). General contact details of provider: https://www.bancaria.it .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.