华润有巢李伯乔：在管房源达8.8万间，规模为央企第一

Core Insights - The article discusses the strategic focus of China Resources Land on the rental housing business, particularly through its "Youchao" brand, which aims to lead the industry in rental operations and asset management [1] Company Strategy - China Resources Land has established a six-capability system around public REITs, including brand premium capability, comprehensive product development capability, compliance management capability, safety management capability, operational management capability, and REITs operational capability [1] - The company initiated its rental housing business at the end of 2017 and launched the "Youchao" brand in 2018, symbolizing the goal of providing housing for all and honoring the historical transition from cave dwelling to nesting [1] Market Position - As of July, "Youchao" manages 88,000 rental units, ranking first among state-owned enterprises and sixth in the industry [1] - The urban layout focuses on 15 cities, with 75%-80% of the rental units located in five core cities: Beijing, Shanghai, Guangzhou, Shenzhen, and Chengdu [1] Capital Operations - In late 2022, the company successfully issued public REITs based on two R4 projects in Songjiang as underlying assets and is currently advancing a capital increase, expecting to complete its first market-oriented institutional operation of public REITs for guaranteed rental housing by the end of this year [1]