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Professor Stijn Van Nieuwerburgh's research on REITs is featured

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Excerpt from ETF.com -- "As Stijn Van Nieuwerburgh shows in his April 2017 paper 'Why Are REITs Currently So Expensive?,' REIT valuations have changed over time. He showed that for the period 1972 through 2004, the price-dividend ratio (the inverse of the dividend yield, or D/P) on publicly owned REITs ranged between about 12 and 18."

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