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

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.




Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer Fachmedien Wiesbaden GmbH 2017

Authors and Affiliations

  1. 1.Real Estate Management InstituteEBS Business SchoolWiesbadenGermany

Personalised recommendations