The Impact of Movement Control Order on M-REITs Performance

Chai, Yu Ling (2021) The Impact of Movement Control Order on M-REITs Performance. Final Year Project (Bachelor), Tunku Abdul Rahman University College.

Text RES#Chai Yu Ling#18WVR12919 - YU LING CHAI.pdf Restricted to Registered users only Download (1MB)

Abstract

This study examines the performance of Real Estate Investment Trusts (REITs) in the equity market under the Movement Control Order (MCO) in Malaysia. The sample data are collected from REITs listed in Bursa Malaysia during 2 January 2020 till 30 September 2020. The study used the share price of REITs as the proxy for REIT performance while the return on assets, dividend, MCO, CMCO, RMCO, and market value of property price to represent the independent variables. Applying the panel regression analysis, the results provide evidence on the relationship between the share price of REITs with the return on assets, dividend, MCO, CMCO, RMCO, and market value of property price. The results show that REITs in hotel sector has the highest volatility during MCO and follow by retail, office and diversified REITs and REITs with diversified property portfolio will have a positive effects towards the share performance of REITs Company during the Movement Control Order (MCO) period. The results of this study are hoped to help the investor to deepen their understanding of REITs and allow them to make a correct decision when they decide to invest in REITs.