CRSP/Ziman REIT Data Series

CRSP/Ziman Real Estate Data Series

 

The CRSP/Ziman Real Estate Data Series represents a collaborative effort between the Richard S. Ziman Center for Real Estate at the UCLA Anderson School of Management and The Center for Research in Security Prices at the University of Chicago. The REIT data series is a unique research resource whose development merges CRSP's experience in academic-quality financial database and index creation with the Ziman Center's expertise in real estate markets and the collection of real estate data.

Combining stock price and returns data with carefully researched information regarding the population, characteristics, and history of REITs, the CRSP/Ziman database provides firm-specific information and indexes essential to analyses of REITS.

Daily and monthly indexes are computed with both equal- and value-weighting for subsets defined by type of REIT and the types of properties predominately held by equity REITs. This database includes several qualitative measures detailing market capitalizations, concentrations, and changes in index composition. These measures are useful in evaluating the index series during periods when they were thinly populated.

The Impact

 
By providing a specialized REIT and REIT index database, the CRSP/Ziman Real Estate Data Series allows for time-series and events studies, measurement of performance, accurate benchmarking, and in-depth analysis at both the security and industry levels.

Key Features Include

REIT Universe:

  • All REITs that have traded on the NYSE, NYSE American, and NASDAQ exchanges since 1980
  • Nearly 650 REIT securities of which over 200 are actively trading
  • Indexes built on all REITs, REIT type, and REIT property type


Data:

  • Daily and monthly data item frequency
  • Individual security data includes PERMNO®, name, price, share count, returns, property type, and REIT type
  • Summary statistics – Total value, beginning count, add count and value, drop count and value, observed count and value
  • Herfindahl-Hirschman Index (HHI) and concentration ratio

Delivery & Format Options

CRSP stock data is delivered via the Cloud utilizing MOVEit Managed File Transfer cloud software.

  • Released quarterly, monthly, and annually
  • Available as daily or combined daily/monthly
  • Available on WRDS
  • Available as SAS datasets, ASCII and R flat file format or a Microsoft Access database
  • Supported on Windows and Linux
  • Download the CRSP/Ziman Real Estate Data Series User Guide (PDF)

For additional information on the CRSP/Ziman REIT Data Series, please contact Stephen D. Cauley, Project Manager, at: stevecauley.ziman@anderson.ucla.edu.

To purchase the CRSP/Ziman REIT Data Series subscriptions, please email subscriptions@crsp.org.

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