万科A：2025年1月-9月，公司租赁住宅业务实现营业收入27.4亿元

Group 1 - The core viewpoint of the article highlights Vanke A's operational performance in the long-term rental apartment sector, specifically its "Boyu" business, which is set to manage 280,000 rental apartments by the end of September 2025, with 204,000 already operational and an occupancy rate of 94.3% [1] - For the period from January to September 2025, the company's rental housing business (including non-consolidated projects) achieved operating revenue of 2.74 billion yuan, reflecting a year-on-year growth of 4.4% [1] - The "Boyu" business faced historical burdens from its early exploration of the "Wancun" business in Shenzhen, which may lead to losses in certain buildings as some leases enter a rent adjustment cycle in 2025 [1]