太火爆！ 首批两只数据中心REITs上市首日齐涨停

Core Viewpoint - The recent listing of public REITs in China has seen a remarkable trend of first-day price surges, indicating strong market interest and demand for these investment vehicles [1][3]. Group 1: Market Performance - On August 8, two data center public REITs, Southern Universal Data Center REIT and Southern Runze Technology Data Center REIT, were listed and both hit the "30cm" price limit on their first day [1]. - The trading data showed that Southern Runze Technology Data Center REIT had a transaction volume of 452 million yuan with a turnover rate of 26.46%, while Southern Universal Data Center REIT had a transaction volume of 234 million yuan with a turnover rate of 25.37% [4]. Group 2: Investor Sentiment - The first-day price surge of public REITs has become a common occurrence since 2025, with many products experiencing similar trends [3]. - Industry experts advise investors to maintain a rational and long-term perspective, emphasizing that the initial price increases are often driven by short-term supply-demand imbalances rather than a sudden increase in underlying asset values [3][8]. Group 3: Fundraising and Demand - Both REITs attracted significant market attention during their fundraising phases, with Southern Universal Data Center REIT achieving a public investor subscription multiple of 455 times and Southern Runze Technology Data Center REIT at 317.95 times, indicating strong demand [5]. - The listing of these REITs marks an expansion of the underlying asset base in China's REIT market, providing innovative financing paths for private technology enterprises and supporting the construction of a digital economy [4]. Group 4: Market Dynamics - Factors contributing to the first-day price surges include regulatory measures that ensure asset valuation during issuance, leading to a phenomenon of "initial undervaluation" and a supply-demand mismatch in the market [7]. - The Chinese REIT market is still in its early stages, with fewer products and lower individual product amounts compared to mature markets, which contributes to the price surges due to high demand and limited supply [7][8].