公募REITs二级市场价格震荡波动，上周又有两单新项目获批

Core Viewpoint - The public REITs market experienced fluctuations last week, with a mixed performance across different sectors, indicating a stable yet cautious investment environment [1][2]. Market Performance - As of May 30, the CSI REITs Index decreased by 0.10% to 868.4 points, while the CSI REITs Total Return Index increased by 0.03% to 1090.1 points [1][2]. - Among the REITs, operating rights REITs outperformed property rights REITs, with average weekly changes of -0.3% and 0.6% respectively [1]. Product Performance - Out of 66 listed public REITs, 31 saw a week-on-week increase, while 35 experienced declines [1][3]. - The top three performing products were: - Huaxia Tebian Electric New Energy REIT, up 4.26% - ICBC Mengneng Clean Energy REIT, up 4.04% - Huaxia Jinmao Commercial REIT, up 3.59% [1][3]. Sector Analysis - The transportation and energy REITs performed well, while consumer and industrial park REITs showed relatively weaker performance [2]. - Weekly performance by asset type ranked as follows: - Transportation: 0.67% - Energy: 0.60% - Affordable housing: 0.27% - Municipal environmental protection: -0.34% - Warehousing: -0.48% - Consumer: -0.53% - Industrial park: -0.80% [2]. New Projects and Approvals - Two new projects were approved: - Bank of China and China Foreign Transport Warehouse Logistics REIT - Guotai Junan Lingang Innovation Manufacturing Industrial Park REIT [8][9]. - The Bank of China project is notable as the first central enterprise warehouse logistics REIT in China, with a total leaseable area of approximately 300,000 square meters across six locations [9]. - The Guotai Junan project aims to acquire infrastructure assets in the Lingang area, covering an area of 182,400 square meters [9]. Market Activity - The public REITs market had a trading volume of 2.38 billion yuan last week, with the affordable rental housing REITs leading in average turnover rate [6]. - The top three REITs by trading volume were: - Huaxia Hefei High-tech REIT - Huatai Suzhou Hengtai Rental Housing REIT - Hongtu Innovation Yantian Port REIT [6]. Future Outlook - As of last week, there are 14 REITs waiting to be listed, indicating an active issuance market [11].