可供分配金额达3446.69万元，华安百联消费REIT实现2025年度第二次分红

Core Viewpoint - The Huaan Bailian Consumption REIT is set to distribute dividends amounting to 34.46 million yuan, representing 99.98% of the distributable amount as of September 30, 2025, highlighting its strong cash flow and consistent performance since its listing [1] Group 1: Fund Performance - The fund's annualized cash distribution rate reached 4.70% as of September 30, 2025, indicating robust returns for investors [1] - The REIT has successfully completed its fourth dividend distribution since its inception, showcasing its reliability in generating returns [1] Group 2: Underlying Asset Operations - The underlying asset, Bailian Youyi City, has effectively implemented a "3+1" strategic framework focusing on diverse operational scenarios and core customer segments, leading to the signing of 55 new brands this year, including 17 regional first stores and 3 Shanghai first stores [2] - The project has achieved a daily foot traffic increase to 84,800 visitors, a 12.92% year-on-year growth, driven by targeted marketing strategies aimed at young consumers [2] Group 3: Digital Empowerment - In 2025, Bailian Youyi City upgraded its customer flow analysis system, enabling precise data capture and analysis at the store level, which enhances operational efficiency and brand performance [3] - The data-driven approach allows for tailored support to brands, improving their operational effectiveness and contributing to a positive cycle of tenant stability and rental income [3] Group 4: Market Trends - The consumption-based infrastructure REITs have transitioned from a policy-driven exploration phase to a value-driven cultivation era, emphasizing the dual empowerment of "capital + operations" to refine existing commercial assets [4] - Huaan Bailian Consumption REIT is positioned to deliver sustainable returns for investors while playing a crucial role in the transformation of commercial real estate and the enhancement of urban commercial vitality [4]