The 2024 Mid-term Performance Briefing for SSE Affordable Rental Housing Real Estate Investment Trusts (REITs) was recently held at Shanghai Stock Exchange (SSE). According to the meeting, four affordable rental housing REITs listed on the SSE—Guotai Junan Chengtou Kuanting Affordable Rental Housing REIT, ChinaAMC Beijing Affordable Rental Housing REIT (the English names of the 2 REITs are courtesy translation only), CICC Xiamen Anju REIT, and ChinaAMC China Resources Youchao REIT —have demonstrated unique characteristics and strong performance in the medium term, gaining wide recognition from investors.
In the first half of 2024, Guotai Junan Chengtou Kuanting Affordable Rental Housing REIT recorded a revenue of approximately RMB 89.18 million and a distributable amount of about RMB 63.42 million. ChinaAMC Beijing Affordable Rental Housing REIT generated a rental housing revenue of RMB 35.57 million and a distributable amount of RMB 26.83 million. The business performances of CICC Xiamen Anju REIT and ChinaAMC China Resources Youchao REIT continued to be stable.
Since their listing, affordable rental housing REITs on the SSE have shown robust performance. In this context, several affordable rental housing REITs have announced to scale up the product and enhance investor return through additional fundraising. Public information shows that ChinaAMC Beijing Affordable Rental Housing REIT, ChinaAMC China Resources Youchao REIT, and CICC Xiamen Anju REIT have announced follow-on fundraising plans.
Investors look primarily at the market positioning and business characteristics of these products. Guotai Junan Chengtou Kuanting Affordable Rental Housing REIT is under spotlight for its proactive adjustment to operational strategy based on business conditions. ChinaAMC Beijing Affordable Rental Housing REIT is expected to pay dividends more frequently and turn stable income into stable dividends.
Excerpted from Shanghai Securities News on October 23, 2024
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The above information is provided for reference purposes only and does not constitute investment advice.
