公募REITs二级市场继续下行，各板块涨跌分化，社区商业等发行REITs迎政策利好

Market Performance - The public REITs secondary market continued to decline last week, with the CSI REITs Index falling by 0.20% to close at 838.3 points, while the CSI REITs Total Return Index increased by 0.12% to 1071.3 points [1][4] - Among the 74 listed public REITs, 38 saw an increase, 35 experienced a decline, and one remained unchanged. The top three performing products were Huaxia Fund Huayuan REIT (+2.20%), China Merchants Highway REIT (+1.89%), and E Fund Shen Highway REIT (+1.57%) [1][4][6] Sector Performance - The performance of various sectors showed divergence, with industrial park REITs up by 0.04%, logistics REITs up by 0.23%, while ecological and environmental protection REITs fell by 2.00%, and highway REITs decreased by 0.47% [4] - The weekly performance ranking from highest to lowest was: data centers, logistics, industrial parks, consumer, energy, affordable rental housing, highways, and ecological protection [4] Transaction Volume - The total transaction volume for REITs last week was 468 million yuan, a decrease of 19.0% compared to the previous week. The transaction volumes for property and operational REITs were 295 million yuan and 173 million yuan, respectively, reflecting declines of 20.9% and 15.7% [9] - The transaction volumes for various REIT types included: 68 million yuan for park infrastructure, 59 million yuan for energy infrastructure, 44 million yuan for logistics, and 91 million yuan for traffic infrastructure, with traffic infrastructure accounting for 19.7% of total transactions [9] Industry and Policy Developments - Three private REITs were accepted for review last week, including projects related to Tianjin Rail Transit, China Railway Construction, and Qingdao Water Group [2][10] - On September 19, the Ministry of Commerce and nine other departments issued a notice prioritizing support for community commercial complexes and other consumer infrastructure projects to issue REITs [2][10]