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Sustainability, A-REITs and the global financial crisis

journal contribution
posted on 2015-01-01, 00:00 authored by Bill Dimovski, Leonie O'Neill
While environmental sustainability has grown in importance to governments and the community, the purpose of this paper is to examine the environmental sustainability activities of A-REITs over the period of the global financial crisis. Using a content analysis methodology similar to Newell, annual reports and home websites for 24 of the largest A-REITs (which have also been a constituent of the ASX 300 index) are analysed to determine the extent of their sustainable investment activities. The Green Building Council of Australia and NABERS websites are also explored. Given the increasing focus on sustainable commercial property, the study finds that A-REIT investment into these properties has been rather conservative and slow. There are, however, some A-REITs that have tried to lead in the field even during the period of the global financial crisis. Relatively solid and stable returns on equity and assets appear to be achieved by such A-REITs in the years during and following this crisis.

History

Journal

Pacific rim property research journal

Volume

21

Issue

1

Pagination

51 - 59

Publisher

Taylor & Francis

Location

London, Eng.

ISSN

1444-5921

Language

eng

Publication classification

C Journal article; C1 Refereed article in a scholarly journal

Copyright notice

2015, Taylor & Francis