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Management incentives and related party transactions
Management can influence how growth benefits shareholders. Compensation, fees and related party transactions reveal which outcomes decision makers are rewarded for pursuing.
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REITs Investment Guide
Understand property businesses, read REIT financial results and assess the price of income. Follow eight stages from ownership and leases to valuation, portfolio construction and advanced research.
Start with What you own when you buy a REIT, then follow the next lesson links. Explore 32 lessons with worked examples, exercises and further reading.
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Research and Risk Practice · All lessons
Research and Risk Practice
Test assumptions, identify incentives and turn evidence into a research process.
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Stress testing vacancies, rates and property values
A stress test asks whether the business can withstand several pressures at once. Combine operating weakness, financing changes and valuation effects without counting the same shock...
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Turning a REIT earnings report into a research note
A useful earnings note distinguishes reported facts, management expectations and your own interpretation. Focus on what changed the investment case rather than repeating the headline.
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A complete REIT investment case and review checklist
A complete REIT investment case connects the properties, cash generation, financing and price. The final decision should rest on a reproducible set of assumptions and a...
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