Abstract

Aim of this study is to examine the impact of mortgage interest rate discount announced on 1st of June 2020 on Real Estates Investment Trusts (REIT) stock returns. Event study method is employed, whereas event window is determined as -10,+10. A total of 33 REITS are comprised in the sample. Empirical findings imply that mortgage interest rate discount announcement seem to initiate abnormal returns on REIT stocks.