Valuation of Real Estate Investment Trusts using the PSI-CoCoSo Multicriteria Method

• Published in: Procedia computer science 2024, Vol.242, p.881-887
• Main Authors: Lucas, Felipe Fortuna, dos Santos, Marcos, Simões Gomes, Carlos Francisco, de Araújo Costa, Arthur Pinheiro, de Oliveira Braga, Gioliano, da Costa, Leandro Machado Aveiro, da Silva, Leandro Fernandes, de Araújo Costa, Vitor Pinheiro
• Format: Article
• Language: English
• Subjects: Finance; Logistics; Multicriteria Decision Aid (MCDA); Portfolio Selection; Real Estate; Real Estate Investment Truts
• ISSN: 1877-0509; 1877-0509
• DOI: 10.1016/j.procs.2024.08.264

In recent years, we can observe the growth in the number of investors in the financial market. This work seeks to improve the decision-making process in real estate investment funds (Brazilian REITs). To this end, a literature review was carried out in the Scopus database using bibliometrix to analyze the applications of the multicriteria decision aid (MCDA) in the environment of Brazilian REITs, as a result, it was possible to analyze a greater approach to studies on the toma in Australia, the United Kingdom, the United States, and China. The study was promising because it opens new possibilities of approach and opportunities to cover applications, seeking to explore and use MCDA methods to provide support at all stages of the decision-making process. The literature review was used as a basis for structuring the problem and defining the application of the hybrid PSI-CoCoSo method for ordering Brazilian REITs in the corporate slabs sector traded on the São Paulo stock exchange (B3), the criterion was to address funds that have at least one million reais in daily trading on the stock exchange. As a result, the hybrid method proved to be effective in the ranking process, providing robust results on the application and evaluation of Brazilian REITs.