The first batch of three rental housing REITs listing new asset type projects are promoted in an orderly manner

Another new choice is added to the public offering of REITs on the venue. On August 31, the first batch of three -guaranteed rental housing REITs (hereinafter referred to as "Rent Reist") was listed. So far, the market has increased to 17 public offer REITs.

CITIC Securities Chief Economist clearly told a reporter from the Securities Daily that the adaptability of affordable rental housing and public offer REITs is high. For primitive rights and interests, pilot issuance of REITs can enrich its investment and construction of other rental housing projects. The source helps to promote the effective investment of local cities' rent -protection housing and promote the long -term development of affordable housing in my country; for investors, the public offering REITs, which uses leased guarantee housing as the underlying asset The rental rate and more stable rent make REITs have certain anti -cycle attributes, which is a good choice for long -term configuration investors.

Existing project arrangements are market merchants

Provide liquidity services

The three products listed this time are the Red Earth Shenzhen Anju REIT, Zhongjin Xiamen Anju REIT, and Huaxia Beijing Affordable Housing REIT.

The relevant person in charge of Shenchuang Investment said that the listing of the three rented housing REITs is an important measure for deepening the structural reform of housing supply side, improving the housing system of renting and acquisition, and revitalizing stock assets to form an incremental investment. Growth, leverage, and shortcomings; it is conducive to attracting social capital and forming a benign development pattern of "investing in the construction of housing-REITs activation asset-recycling funds".

In CICC's opinion, the listing of Ren REITs not only effectively broaden the source of funds for leased housing, open up the development and operation mechanism of affordable rental housing, and provide investors with investment channels for obtaining stable returns.

In fact, the three leased house REITs have been enthusiastically supported during the inquiry stage. According to the data disclosed by relevant announcements, the proportion of distribution and sale of investors on the Internet is less than 1%, and the proportion of public investors' distribution and sale is less than 0.7%.

Regarding the popularity of the three products during the inquiry stage, it is clearly believed that "on the one hand, it shows that the current REITs market has more money and less money, and the scale of transaction can be limited. It reflects the market's support and recognition of related projects for rented housing REITs. "

It is understood that at present, Huaxia Beijing Security Housing REIT has arranged a number of city merchants to provide liquidity services to help improve the secondary market liquidity mechanism.

Regarding the project expansion plan, the relevant person in charge of Shenzhen Investment Investment said that the talent settlement project is the most important starting point for Shenzhen to implement a strong talent city strategy. At present, the Red Earth Shenzhen Anju REIT original equity Shenzhen Talent Anju Group has accumulated a total of 161,000 affordable housing. During the "14th Five -Year Plan" period, Shenzhen Talent Anju Group plans to undertake one -third of Shenzhen's affordable housing construction tasks, providing a wealth of asset sources for the subsequent expansion of the red earth Shenzhen Anju REIT.

At the level of market demand, the future market size of rental housing is huge. According to the research of CICC, my country's reasonable rental housing market may reach 3 trillion yuan to 4 trillion yuan, which will focus on large and medium cities.

"Under the guidance guidelines of 'Housing No Living", considering factors such as the imbalanced development of my country's housing sales and leasing markets, and high housing demand in first -tier and second -tier cities, the rental housing market represented by rent preservation may become meet the demand for new citizens' housing demand for new citizens. The point of force. From the perspective of leased housing, REITs has obvious role in expanding its financing channels, activation of stock assets, and promoting effective investment. With the accumulation of 3 products, the first -tier cities are in 'fourteenth five' ' During the period, the supply pressure of greater affordable rental housing was faced. Related enterprises have the motivation to try to secure the affordable rental housing assets for securitization. "It is clearly expected that there may be more leased housing such as affordable rental housing and public rental housing as the bottom floor as the bottom floor as the bottom floor as the bottom floor as the bottom floor as the underlying floor The public offering REITs of assets is issued and listed.

Water conservancy facilities, etc.

Public funds REITs underlying assets

Obviously, in the near future, benefiting from the accumulation of the application declaration and the vigorous promotion of the policy level, the review process of my country's public offering REITs has accelerated.

The information conveyed by the press conference of the National Development and Reform Commission held on August 16 is: "At present, there are 6 projects are conducting commissioned evaluations, and nearly 20 more mature projects are accelerating. Counseling, cultivating potential markets, more than 80 projects in the counseling period. "

It is clearly expected that the REITS market will further expand the category this year. In addition to the current types of infrastructure assets, subsequent types of assets including data centers and water conservancy facilities are also expected to become the choice of underlying assets of public REITs.

Regarding the future layout of public offering REITs, the Huaxia Fund, which has 3 single -handed REITs in charge of public offering REITs, said that "the reserves of different types of public offering REITs projects have been made, and new types of assets will be actively declared in the future. I hope to be investors as investors. Provide more infrastructure investment tools. "

The Red Earth Shenzhen Anju REIT is the second single innovation infrastructure fund launched by Shenchuanghuang after the Red Land Yantian Port REIT.The relevant person in charge of Shenchuang Investment said that the company's product innovation in the field of high-standard logistics warehousing and affordable rental housing has been piloted successfully. At present, there are also some projects in other types of assets.Active layout to make positive contributions to revitalizing the stock assets and the formation of incremental investment.In 2021, CICC Fund jointly issued the first batch of public offer REITs, one of the first public offerings, which is currently stable in basic asset operations and distributed distributed photovoltaic power generation to help achieve the "dual carbon" goal.On the basis of the pilot success, CICC said that with the parent company CICC, it will continue to promote the application of the REITS pilot project.Circuit.

Our reporter Chang Xueyu

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