注入上海两租赁项目 城投控股参与保租房REITs扩募

Core Viewpoint - The traditional model faces significant challenges, but new demands also present substantial opportunities for the rental housing industry, necessitating innovative financial approaches for sustainable development [1] Company Summary - Chengdu Investment Holdings (城投控股) announced its participation in the expansion of the "Chengdu Kuanting" rental housing REIT, planning to add two quality rental housing assets in Shanghai [1][2] - The two projects included in the expansion are located in the Minhang District of Shanghai, with a total construction area of approximately 15.37 million square meters and 8.18 million square meters, providing a total of 3,592 affordable rental housing units [2] - The "Chengdu Kuanting" REIT was listed on the Shanghai Stock Exchange in January 2023, raising 30.5 billion yuan, and has achieved a cumulative distributable amount of 63.37 million yuan by mid-2023, with an annualized cash distribution rate of 4.19% [3] Industry Summary - The REIT market has shown strong performance this year, with an average price increase of 44% for eight rental housing REITs compared to the previous year [5] - The expansion injection model is crucial for the development of rental housing REITs, enhancing financing channels and improving the operational efficiency of affordable rental housing projects [6] - There is a growing interest in acquiring existing assets from state-owned enterprises, as well as exploring market-oriented non-rental housing projects to improve rental yield and investment returns [7]