????è¿?ç¯??¥å??深度????äº?ä¿?ç§??¿ï?æ¶?è´¹å?ºç?设æ?½ï??©æ?ä»?????°è?½æ???产ä????ºä?大类èµ?产ï?ä»?åº?å±?èµ?产è?åºþA?è¿°ä?ä¸???ä¸???èµ?产ç??ä¼??£è¾¨??????ï¼??????¥è??¥å????????ä»??为ï?å½???REITså¸??ºç??ä¼°å?¼å·²ç»??·å?äº??¸å????¸å???ï¼?å°¤å?¶æ??º§??ç±?EITs??é¢????°é????æ´¾ç??å·²ç????¾é?äº??¿ç??©ç?????¨å????ç­¹è?¡ç¥¨???¡æ????????ä»???好å??äº?¸­?½ä??¿å??å±??°é?¶æ?å¸??ºå??è¿??¥çº¢?©ç??ä¿?ç§???EITsï¼?主å??ç§??·ç¨³å®????????©æ?ä»???EITsï¼?ä¸??¡ç¨³å®??§è?强ç???°è?½æ?REITsï¼??·å?产ä?æ°??´ç??????EITsï¼?ä¹???å¾?æ¶?è´¹å?ºç?设æ??EITs?©æ?¥å?¥å???

??????REITså¸??ºè??´å????ï¼?å¸?å±??¶æ?ºå·²ç»??°æ?¥ã??

????2023年以?¥ï???????12?¥ï?ä¸??REITs?¨æ?¶ç?????°ç´¯è®¡ä?è·?14ï¼?ï¼?8??EITs?´å??ï¼?å¤???è°??´å???¶ç??ä»·ä?äº???è¡?ä»·ï?ï¼???å¸???EITs?»æ?°è?30ï¼?????ä»??为ï?REITså¸??ºå?ºç?°å¤§å¹?è°??´ç???????????ä¸?å°???èµ?????REITs???ºå?¸å??¨ç???é½?è§?ï¼?对个??EITs正常???°é????派波?¨å?å¿?åºþA?ä½?ï¼??¨å??ºå?ºä?产ä?è§?è§???REITs??究æ?è¾????ï¼??¨å??REITs??æ´¾å??å®?è§???ç´???å½±å??æ»???表ç?°ï?REITsæµ??¨æ?§å??ä½?ï¼??»å??¼å??å°?ç­???ä½???ä»??为ï?å½???REITså¸??ºå·²ç»?è°??´å?°ä?ï¼?主è?????????¶ä????¨å??ºä?1.04????P/ç»?è°???AVï¼?产æ??ç±»æ??4.0ï¼???2023å¹´é????°é????æ´¾ç??ï¼??????????尤为??´µï¼??¶ä???å¸??ºä????©å?ï¼???èµ????¥ç??å¤?????ï¼??¶ä???REITså¸??ºä¸¥?¼å???¥ï?ä¿?è¯?äº?ä¼?è´¨å?å±?èµ?产质????

??????ä¿?ç§??¿ï??¹å??ä¼?ç»?认ç?¥ï???äº??°æ¨¡å¼?红å?©ã??

??????ä»??为ï?ä¿?ç§???EITs???¿æ??ä½?ä¼°å?¼ï?主è?????为æ??èµ???ä»???称å?ºå??ï¼?认为??ä¿?????è¿?ä¸?å±??§æ??示产??ç§???缺ä?å¸??ºè????ºå?¶ï?åº?å±?èµ?产æ?´å¸¦?????²å½©????ä»??为ï?ä¿?ç§??¿ç??ç§???红å?©ï?并ä????¥è???èµ?产æ????人é??å¸??ºå??让渡?©ç??ï¼??????¥è??????°å??ºè?渡å???°ä»·?¼çº¢?©ã???°æ?°æ???ç§??¿ï???ä¸???????ä½?å®?ï¼?????æ­£å?·å????¸å?????ç§??????¥ç????????ä¿?ç§??¿ï???´¨ä¸?????äº?¸­?½æ?¿å?°äº§å¸??ºå??å±??°é?¶æ????°çº¢?©ã??ä¸??±ä?ä¿?ç§??¿ç????ä¸?¡¹???模å?ï¼???ä»??计æ?¸å???å¸?ä¿?ç§???EITs产å??ä¾?ç»???????????

??????æ¶?费类?ºç?设æ?½ï??¸å??ºå??ï¼?????ä¼??¿ï?以大为ç?ï¼??¿æ??è¿??¥å??大å?³é???产辨????????

???????½æ?è´¹å?ºç?设æ?½æ?»é??ç¨?缺ï?ä½?ç»???严é??????ï¼?å­???ä½????©ä??¹é??空é?´å?大ã??å¦?ä½?è¯????è´¨ç??æ¶?è´¹å?ºç?设æ?½ï???ä»??为ä?è´¨ç??æ¶?è´¹å?ºç?设æ?½å?å¾?ä½?äº??¸å???å¸????¸å?????ï¼??¨æ?¶é?´ä???????ä¼??¿ï?并æ???¿ä»¥å¼ºå?¿å???²ä?绩å????ç§??·ç?????人æ?ï¼?å¾?å¾??·å?å¾?大ç??建ç?è§?模ä???ï¼??¨æ?¥å¸¸??ç§??·ç???管ç????ç²¾ç?è¿??¥æ´»?¨å?·å?丰å?ç»?éª?????ä»??计ï?2023å¹´ä?质购?©ä¸­å¿???»¥????äº???å±?æ°?æ¶?è´¹å?????红å?©ï???å¾?æ¶?è´¹å?ºç?设æ??EITs?©æ?¥é?????

???????©æ?ä»??¨è??½ï?ç¨?缺è?产ï???è§?主å??ç§??·ç¨³å®??§ã??

?????©æ?ä»??¨å?ºç?设æ?½ç??ä¾???ç»????§ç¼º?£æ??ç»?????å¾?å¤??ºå?????·é?¾ç?ä¸?????ä»??¨é??æ±?è¿?????°æ»¡è¶³ï?é«???ä»????¹å»ºä¹?并ä?容æ????ä½???è¿???å¹´ï?产ä?ä¹??¸å?大é??èµ?????¥ï?ä¸?产ä?é¾?头已ç»?å½¢æ??äº????¾ç??ç½?ç»?è§?模æ??åº???è¿?管å????ä¼??¿ã??å±??????¥ï???ä»??为ç?©æ?ä»??¨è??½æ???¨å?ºå????å¸??ºç?äº????ï¼?稳å???主å??ç§??·ï??½æ???³å??©æ?ä»??¨è???EITs?¶ç?????þ>¨³å®???ä¸????³é????

???????°è?½æ?ï¼??????½æ???å±?ï¼?æ¶??¤æ?è¡¥é???£ã??

??????ä»??为â??????äº?????????äº?äº??????´ï?é£???è£??ºè?模ä?å°?ä¿???å¿???å¢??¿ï????¶å¸¦?¨å¤§è§?模ç??èµ????????æ±?ï¼???äº?äº????´ç´¯è®¡è????????å°?é«?è¾?ä¸?亿å?????°è?½æ?è¿??¥å????大é????èµ????????æ±?ï¼???æ­¤æ?´ä?èµ?产è??ºç????é«?ï¼???常ä?äº?60ï¼?-80ï¼?ä¹??´ï?ï¼??°è?½æ?REITs??å¼?å±???å°?å¸??©æ?°è?½æ?ä¼?ä¸?å¼????°ç????èµ?æ¸?????????å·²ä?å¸????½æ?REITs产å????»¥è¾?好å?°è§£?³è¡¥è´´å??款é???ï¼?ä»???ä¿??????????°é??æµ???稳å?????ç»??§ã??å±??????¥ï???ä»??为è?½æ?è¡?ä¸???èµ???æ±?巨大ï¼??¨è§£?³ä??°é??æµ?稳å???????????ï¼????¥æ????大æ?¹è?½æ?REITsä¸?å¸???

??????产ä????ºï?ä¾?ç»???è£?ï¼??³é????º§ä¸?为æ????

?????°æ?¹å¹¶ä¸?ä¼??????产ä??¨å?°ç??ä¾?åº?ï¼?ä½?离å?äº?å®?ä½?ç»?æµ???产ä????ºæ?????ä¹??????ºç??ä½?ç½???¿å????????ºç?¶é??è¦?ï¼?ä½????ºç??产ä?æ°??´æ?´ä¸º??è¦????¨å??°æ?¿å?????ä¹?ä¸?ï¼?产ä????ºå?ä½???????å®??¹å?产ä???å±???空é?´ç???ï¼??´æ?¥å?³å?äº?产ä????ºå?å±?èµ?产ç??ç§??????ºç??????þ>¨³å®????¨å??????EITs??????å®?è§?ç»?æµ?å½±å???ºç???ä¸???é¢???ï¼?ä½??·å?æ·±å??å®?ä¸??¹å?ºç??????EITs?·å??¸å?????

??????é£??©å??ç´?ï¼?

?????¨å???ºç?设æ?½è?产å???½å??¨æ?ä¿??ä¸??????稳å??¶å?¥ç??äº?件ï??¨å???ºç?设æ?½è?产ç????å§?????人å???½è??¥ç?éª??¸å?ä¸?足ï?????¸´ä¿¡ç?¨æ????ï¼??¨å??REITs??å¸??¼è?模å??å°?ï¼?æµ??¨æ?§å??ä½???

??????????EITså¸??ºç????ä¼°æ?ºä?ï¼??¨è??ä¼?è´¨ç??ä¿?ç§??¿ã???©æ?ä»??¨ã???°è?½æ???产ä?????EITs??

??????ä»??为ï?å½???REITså¸??ºç??ä¼°å?¼å·²ç»??·å?äº??¸å????¸å???ï¼?å°¤å?¶æ??º§??ç±?EITs??é¢????°é????æ´¾ç??å·²ç????¾é?äº??¿ç??©ç?????¨å????ç­¹è?¡ç¥¨???¡æ????æ°´å¹³????ä»???好å??äº?¸­?½ä??¿å??å±??°é?¶æ?å¸??ºå??è¿??¥çº¢?©ç??ä¿?ç§???EITsï¼?主å??ç§??·ç¨³å®????????©æ?ä»???EITsï¼?ä¸??¡ç¨³å®??§è?强ç???°è?½æ?REITsï¼??·å?产ä?æ°??´ç??????EITsï¼?ä¹???å¾?æ¶?è´¹å?ºç?设æ??EITs?©æ?¥å?¥å???