![]() REITs have then been asserted as profitable investment platforms in many developed markets, although the investment tool is still gaining recognition in some developing and emerging countries. The attractive performance and market stability of REITs have allowed several economies to use them as an economic and environmental development tool due to REITs’ potential to attract investors globally. In 2015, for instance, the Shenzhen stock exchange market raised three billion yuan in shares in just four days after launching the first Chinese REITs IPO. Since then, REITs have achieved a successful stable growth market and their performance is widely observed in mature markets such as the US, Japan, Australia, and the UK, which have attracted several economies to enter the REITs regime. ![]() REITs began in the United States (US) in 1960 with a legislation that created an approach to income-producing real estate investment, and has since been refined and enhanced over the past sixty years. A REIT ‘owns or finances income-producing real estate properties of various types, providing an investment instrument for investors to get exposure to the real estate sector with flexibility and liquidity’. While there are a variety of ways to invest in real estate, an investment in REITs has proved to be popular in global markets. The performance threats are also highlighted for industry stakeholders’ decision-making and strategic planning around REITs’ sustainability. The findings are envisaged to be beneficial in informing further research directions on the subject. The themes that emerged were centred around REITs’ portfolio measurement, risk management in diversified portfolios, capital structure, efficiency measurement, corporate governance, portfolio risk assessment, portfolio construction, and asset allocation strategies. The co-authorship links were dominant among the Australian authors. The findings revealed that publications were mostly in Australia, Italy, Singapore, and Canada. Materials from 2008 to 2022 indexed in the Scopus database were retrieved and visualised using VOSviewer software. The study’s objectives were to determine the research trends on the topic since 2008, the prominent authors, countries, and sources, the knowledge trend and themes associated with the existing research to date, and future or new directions for research. ![]() The current study examines the literature on the performance of REITs and the related risks using bibliometric and content analyses. However, the sector is still in its infancy in most emerging markets and African countries. The status of real estate investment trusts (REITs) rose in investment decisions and research since 2008, after the global financial crisis (GFC) and the surge in REITs.
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