Textual Analysis of REIT IPO Prospectuses: Quantifying Company Rhetoric as an Indicator of Underpricing

  • Philip Radner
Part of the Essays in Real Estate Research book series (ERER, volume 13)


This paper contributes to the existing body of literature in several ways. First, we contribute to the literature on textual analysis. This is the first paper in the real estate literature that analyzes the relationship between qualitative information in a sample of IPO prospectuses of US REIT companies and initial returns.


Real Estate Corporate Governance Textual Analysis Real Estate Investment Trust Initial Return 
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Copyright information

© Springer Fachmedien Wiesbaden GmbH 2017

Authors and Affiliations

  1. 1.Real Estate Management InstituteEBS Business SchoolWiesbadenGermany

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