中信证券： 预计2026年房地产市场有止跌回稳的基础

Core Viewpoint - The real estate market's supply and demand situation has improved, and adjustments have been sufficient, indicating a potential stabilization in 2026 [1] Group 1: Market Outlook - It is anticipated that 2026 will be a critical year for real estate companies to repair their balance sheets, with some companies possibly reaching the bottom of their profit cycle [1] - Companies that are the first to recover are likely those with well-positioned assets in good cities, operational investment properties, or financial assets with appreciation potential [1]