According to Huatai Securities, the REITs market is currently at a critical inflection point where the supply and demand pattern shifts from “supply shock” to “demand driven”. The index fluctuated in August, falling first and then stabilizing. Industrial parks overfell and recovered, and consumption was dragged back by falling below expectations. According to the interim report, the share of institutional investors rose to 97.44%, and the pattern where original shareholders and brokerage firms dominated positions continued. Recently, valuations have continued to be adjusted. Overall, it has fallen back to a low range since listing. The distribution rate has passively increased, the risk-benefit ratio has improved, and allocation opportunities may gradually emerge. It is recommended to focus on leading consumer REITs with strong transportation and management capabilities and continuous growth in performance. Continued expansion of data center REITs can be gradually laid out. Some highways benefit from favorable road networks, and large tenants of industrial parks and warehouses can pay attention to improvements in fundamentals after “boots land” after renewing their leases.

According to Huatai Securities, the REITs market is currently at a critical inflection point where the supply and demand pattern shifts from “supply shock” to “demand driven”. The index fluctuated in August, falling first and then stabilizing. Industrial parks overfell and recovered, and consumption was dragged back by falling below expectations. According to the interim report, the share of institutional investors rose to 97.44%, and the pattern where original shareholders and brokerage firms dominated positions continued. Recently, valuations have continued to be adjusted. Overall, it has fallen back to a low range since listing. The distribution rate has passively increased, the risk-benefit ratio has improved, and allocation opportunities may gradually emerge. It is recommended to focus on leading consumer REITs with strong transportation and management capabilities and continuous growth in performance. Continued expansion of data center REITs can be gradually laid out. Some highways benefit from favorable road networks, and large tenants of industrial parks and warehouses can pay attention to improvements in fundamentals after “boots land” after renewing their leases.