首单数据中心公募REITs正式申报

Group 1: Industry Dynamics - The first public REITs fund based on data centers has officially started the application process, marking a significant milestone in the industry [1][6] - The project utilizes the A-18 data center and its associated facilities as underlying assets, located in Langfang Economic Development Zone, Hebei Province, with 5,897 operational cabinets and an IT total power exceeding 42MW [1][6] Group 2: Primary Market - As of March 14, 2025, the total issuance scale of listed REITs has reached 168.3 billion, with a total of 63 funds issued [7] Group 3: Market Performance - The REITs market showed an upward trend, with the China Securities REITs Index rising by 0.12% from March 10 to March 14, 2025, while the total REITs index increased by 0.19% [11] - Notable performers included Huaxia Jinmao Commercial REIT (+5.48%) and Jiasheng Wumei Consumption REIT (+5.05%) [11] Group 4: Liquidity - The overall trading activity of REITs decreased, with a total trading volume (MA5) of 615 million, down 14.9% from the previous week [27] - The largest trading volume among REIT types was in transportation infrastructure, accounting for 24.9% of total trading volume [27] Group 5: Valuation - The report includes valuation metrics such as the REITs P/NAV and the yield of the China bond valuation, indicating the current market conditions and historical averages [31][33]