DOAJ Open Access 2025

A-Reits Value Relevance of Performance Measures: Net Income, Funds from Operations and Fair Value of Investment Property

Sarpong-Oti William Gholipour Hassan F. Marzuki Jufri Chege Fredrick

Abstrak

This study investigates value relevance of three-performance measures (net income (NI), funds from operations (FFO), and fair values on investment property (FVIP) on stock prices of Australian Real Estate Investment Trusts (A-REITs). Using data from A-REITs over the period 2012–2021 and estimating a panel system Generalized Method of Moments (GMM), results suggest that of the three, only net income is significantly and positively related to the stock prices of A-REITs. The implication of this study for investors and fund managers is that net income is the most important accounting number that investors look for in the financial statements of A-REITs.

Topik & Kata Kunci

Real estate business

Penulis (4)

Sarpong-Oti William

Gholipour Hassan F.

Marzuki Jufri

Chege Fredrick

Format Sitasi

APA MLA BibTeX

William, S., F., G.H., Jufri, M., Fredrick, C. (2025). A-Reits Value Relevance of Performance Measures: Net Income, Funds from Operations and Fair Value of Investment Property. https://doi.org/10.2478/remav-2025-0021

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Informasi Jurnal

Tahun Terbit: 2025
Sumber Database: DOAJ
DOI: 10.2478/remav-2025-0021
Akses: Open Access ✓