Prado, MelissaSchneider, Max Traugott2026-03-102026-03-102025-01-132024-12-17http://hdl.handle.net/10362/201206This thesis examines the relationship between ESG performance and market value (MV) in European Real Estate Investment Trusts (REITs) from 2015 to 2024 using panel regression models. The analysis finds no significant positive link between ESG performance and MV, with environmental disclosures negatively impacting MV. ESG performance also correlates negatively with Return on Equity (ROE), indicating that compliance costs may outweigh financial benefits. These findings highlight the complexities of ESG integration in real estate and the need for sector-specific, long-term financial analysis.engESGPerformanceREITsMarket valueSustainability integrationmaster thesis204131685