Impact of COVID-19 on European Real Estate Investment Trusts
摘要
The pandemic caused by the COVID-19COVID-19 virus has severely impacted the real estate industry. The research investigates the relationship between the spread of the virus and Real Estate Investment Trusts’ performances in Europe, considering the role played by localization and diversificationdiversification of properties in the real estate portfolios. The results show that COVID-19 had heterogeneous impacts depending on property types. Moreover, risks associated with COVID-19 may be described by synthetic indexes that represent the degree of vulnerabilityvulnerability of economic activities carried out in the real estate.