%0 Thesis
%9 Bachelor
%A Nijboer, W.
%D 2021
%F theses_frw:3428
%P 25
%T Risk of retail real estate during the Covid-19 pandemic
%U https://frw.studenttheses.ub.rug.nl/3428/
%X This research investigates the risk of retail Real Estate Investment Trusts (REITs) during the 2020 Covid-19 pandemic. It computes daily beta values for fifteen retail REITs, all from different countries, and relates these to strictness of Covid-19 policy of the same fifteen countries. Covid-19 policy strictness is proxied by daily Stringency Index values, computed by researchers at the University of Oxford. A descriptive analysis of daily retail REIT beta values and simple linear regression models is performed. The results indicate that investment risk of retail REITs rises during the Covid-19 pandemic and that investment risk of retail REITs is positively related to strictness of Covid-19 measures. The findings of this study can have implications for investors of retail REITs.