不動產投資信託商品的績效評估

Abstract

本研究摘述不動產證券化條例對不動產投資信託基金（Reits）之基本規範，並了解投資證券化商品雖可能享有較其他固定收益商品為高之報酬率，但是這些報酬率與風險程度大小有互相連結之關係；透過瞭解台灣 Reits之發行概況加以研究，透過研究結果，了解在適當的風險揭露下，Reits帶給投資人各種有利影響，經由文獻歸納出評估Reits商品之原則，藉此，對投資不動產證券化商品的報酬率及風險分析，提出文獻分析結論與個人建議。

This study provides a summary of Real Estate Investment Trusts and Real Estate Securitization Act. Although understanding investment securities goods entitles investors to a higher rate of return than other fixed income instruments, the returns and risks are meanwhile interconnected. Through study of Taiwan Reits, research through various methods and calculating appropriate risk disclosure, it is found that Reits is capable of bringing many investor-favorable impacts through literature-summarized principles of assessment Reits instruments. This research also covers documental analysis and conclusions, as well as researcher commends on real estate securitization products’ risks and returns.