“…Previous literature in the REIT industry focus on capital structure, diversification benefits and corporate strategies (see for example Anderson, Benefield, & Hurst, 2015;Bauer, Eichholtz, & Kok, 2010;Brockman, French, & Tamm, 2014;Newell & Marzuki, 2016). However, limited studies explore the issue related to technical and scale efficiencies (see Table 1) particularly in the Malaysian emerging market.…”