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Liquidez y cotización respecto el valor actual neto de los REITs españoles (las SOCIMI)
Soriano Llobera, Juan Manuel; Roig Hernando, Jaume
Universitat Politècnica de Catalunya. Departament d'Organització d'Empreses; Universitat Politècnica de Catalunya. OPE - Organització de la Producció i d'Empresa (aspectes tècnics, jurídics i econòmics en Producció)
From a financial perspective, it has been performed an analysis of the behaviour of the recently constituted Spanish REITs (SO IMls) compared to equivalent investment vehicles in othcr markets aiming to broaden this re earch field , which ha barely becn tudicd o far. lt is provcd that the creation of a SOCIMI is an etfective altemative for companies to obtain liquidity through their real estate assets, compared to other more common altematives such as the dispo al of a set or obtaining bank finance. Further, it has been defincd a model that allows to forecast the ratio obtained when dividing market capitalization by the Net Assct Value (P/NAV) of a SOCTMI, which i a key variable for both investor and companie interestcd to establish a SOCIMI. Finally, it is concludcd that SOCIMI, as an inve tment vehicle, show moderate liquidity lcvels at the present, nevertheless, it can be foresccn in the short terma progressive liquidity improvement once larger SOCIMl are created and historical series about their performance will be available.
Peer Reviewed
Àrees temàtiques de la UPC::Economia i organització d'empreses::Economia sectorial
Àrees temàtiques de la UPC::Edificació::Aspectes econòmics
Real estate investement
Finance--Law and legislation
valor neto
inversión inmobiliaria
finanzas contractuales
ley financiera
Sociedades cotizadas de inversión en el mercado
Inversions immobiliàries
Dret financer
Attribution-NonCommercial-NoDerivs 3.0 Spain
Reial Acadèmia de Doctors

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