Factors Shaping the Net Asset Value of Saudi Real Estate Investment Trusts
Received: 22 October 2024 | Revised: 18 November 2024 | Accepted: 27 November 2024 | Online: 14 December 2024
Corresponding author: Soumaya Hechmi
Abstract
This study investigates the impact of the dividend per unit, loan-to-value ratio (LTV), operating performance, and liquidity on the financial performance of Saudi Real Estate Investment Trusts (REITs), as measured by Net Asset Value (NAV). The study examines a sample of 17 listed Saudi REITs over a five-year period, 2019-2023, resulting in 85 observations. Through multiple regression analysis, the results demonstrate a significant positive relationship between NAV and dividend per unit, operating performance, liquidity, and size as a control variable. In contrast, a negative relationship is found between LTV and NAV. These findings provide important insights for investors and portfolio managers, enhancing their understanding of the key factors that drive the financial performance of Saudi REITs.
Keywords:
Net Asset Value (NAV), Dividend, Loan To Value (LTV) ratio, liquidity, operating performance, Saudi REITsDownloads
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