首批数据中心REITs在沪深交易所上市

Core Insights - The first batch of data center REITs in China has been listed on the Shanghai and Shenzhen Stock Exchanges, marking a significant milestone for the REITs market in supporting technological, green, and digital financial innovations [1][2] Group 1: Data Center REITs Overview - The Southern Wanguo Data Center REIT, with underlying assets from the Guojin Data Cloud Computing Data Center project in Jiangsu, has a 100% signing rate over the past three years and a billing rate exceeding 92%, with a projected annual cash distribution rate of 5.07% for 2025 [1] - The Southern Runze Technology Data Center REIT is based on the Runze (Langfang) International Information Port A-18 Data Center, which is included in the 2023 National Green Data Center list, featuring 5,897 cabinets and a total power exceeding 42MW [2] Group 2: Market Performance and Trends - As of August 8, the Shanghai Stock Exchange has launched 49 REITs since the beginning of 2024, covering various sectors including consumption facilities and data centers, resulting in a stable performance and increased returns, with actual dividends amounting to nearly 6 billion yuan, a 32% year-on-year increase [2] - The Shenzhen Stock Exchange has seen 24 REITs launched with a total fundraising scale of 63.9 billion yuan and a total market value of 75.1 billion yuan, with asset types expanding to cover nine categories of infrastructure [2] Group 3: Future Developments - The Shanghai Stock Exchange aims to accelerate the normalization of REITs issuance and improve operational standards to create a high-quality REITs market that better serves national strategies and economic development [3] - The Shenzhen Stock Exchange plans to focus on the sustainable development of the REITs market by increasing the supply of quality REIT projects and expanding the types of underlying assets [3]