“首发+扩募”双轮驱动 上交所REITs总市值达1352亿元

Group 1 - The first batch of 9 public REITs successfully listed on June 21, 2021, marking the official launch of public infrastructure REITs in China, with a total fundraising scale of 16.6 billion yuan [1] - As of June 5, 2025, the total market value of public REITs reached 201.99 billion yuan, surpassing 200 billion yuan for the first time, with the Shanghai Stock Exchange accounting for 67% of this value [1] - The market for public REITs has expanded significantly, with 44 products listed on the Shanghai Stock Exchange by June 5, 2025, doubling the number from the end of 2023 [2] Group 2 - The asset types for REITs are diversifying, with new categories introduced in 2024, including the first consumer REITs and the first municipal REIT [2][3] - The secondary market is showing signs of recovery, with the Shanghai Stock Exchange REITs experiencing a year-to-date increase of 21%, outperforming the overall market index [4] - The average cash distribution rate for Shanghai Stock Exchange REITs is 5.8%, and the average internal rate of return is 3.6%, indicating a favorable investment value [5] Group 3 - The Shanghai Stock Exchange is actively promoting the improvement of the REITs expansion mechanism, aiming for a dual-driven model of "initial issuance + expansion" to support high-quality market development [6] - In 2023, the Shanghai Stock Exchange completed expansion listings for two projects, raising approximately 5 billion yuan, with additional projects currently under review [6]