Work

Reassessing Residential REITs: Performance and Resilience After COVID-19

Year: 2026

Type: article

Abstract: This study analyzes the monthly returns of residential real estate investment trusts (REITs) from 2010 through 2025, assessing how these investments performed both during and following the COVID-19 pandemic. Using Sharpe, Sortino, and Omega ratios and multi-factor asset pricing models, the study finds that residential REITs delivered stable risk-adjusted returns and improved downside protection relative to broad indices. Value-at-risk metrics confirmed their defensive nature, and portfolio optimization demonstrated diversification and volatility reduction when including residential REITs. Overall, residential REITs were shown to preserve capital and improve portfolio efficiency during market disruptions.

Source: Journal of risk and financial management

DOI: 10.3390/jrfm19030165

Authors: Donna Seapoe, Anne Keenaghan, Davinder Malhotra

Institutions: Saint Joseph's University, Thomas Jefferson University

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: hybrid

Estimated APC paid: $1,689