Expectations and Risk Premiums in Illiquid Real Assets: How CompStak Data Shapes CRE Market Insights – Research by Jiro Yoshida and Masashi Takahashi

At CompStak, we take pride in seeing our data drive valuable insights across industries, especially in academic research.

“Expectations and Risk Premiums in Illiquid Real Assets” by Jiro Yoshida and Masashi Takahashi, published through SSRN, explores income growth expectations and risk premiums for illiquid real assets by exploiting information from long-term commercial leases.

The full abstract of the paper can be found below, offering a glimpse into the depth of research that leverages the precision and accuracy of CompStak data to assess market changes.

“Using 20 years of U.S. lease data, we construct Spot Rent Indexes that capture instantaneous rental prices and recover physical expectations from historical rent growth and risk-neutral expectations from no-arbitrage conditions imposed by lease term structure.”

Download the full paper here.