分红派息日买盘升温 华夏华润商业REIT再度印证“抢权行情”

Core Viewpoint - The recent cash dividend distribution of 93.24 million yuan by Huaxia China Resources Commercial REIT (180601) has attracted investor attention, reflecting a positive market response and a shift in pricing logic towards cash flow valuation in the REITs market [1][2]. Group 1: Dividend Distribution - On February 12, Huaxia China Resources Commercial REIT distributed a cash dividend of 0.932 yuan per 10 shares, amounting to a total of 93.24 million yuan [1]. - The fund's total scale exceeds 6.5 billion yuan, and the market performance on the dividend distribution day was notably strong, with the price reaching a high of 10.298 yuan [1]. - Historical data indicates that the average return on the first trading day after a dividend announcement is 0.15%, with approximately 16% of REITs achieving full price recovery within five trading days post-dividend [1]. Group 2: Market Dynamics and Investor Behavior - The frequency of dividends has increased, with the latest dividend of 0.0932 yuan per share showing a steady rise compared to the previous year's 0.09117 yuan [2]. - The ability to maintain or increase dividend levels amidst macroeconomic pressures on commercial real estate indicates resilience in the underlying asset cash flows [2]. - Current pricing dynamics suggest that investors are beginning to view dividends as a long-term cash flow discounting mechanism rather than merely a short-term trading opportunity [2].