REITs行业周报：将REITs纳入沪深港通标的，保障房REITs表现持续优异

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The REITs market is expected to continue to provide good investment opportunities due to the downward pressure on bond market interest rates and the expectation of increased allocations from social security and pension funds [3][5] - The market performance of various REITs sectors shows a mixed trend, with housing REITs performing particularly well [5][37] Market Overview - As of the 19th week of 2025, the CSI REITs closing index was 848.41, up 5.59% year-on-year and up 0.28% month-on-month; the CSI REITs total return index was 1062.05, up 11.94% year-on-year and up 0.39% month-on-month [3][19] - Year-to-date, the CSI REITs closing index has increased by 12.16%, slightly outperforming the CSI 300 index, which has increased by 12.1% [14] - The trading volume in the REITs market reached 418 million shares, a year-on-year decrease of 12.37%, with a total transaction value of 1.773 billion yuan, down 8.56% year-on-year [26][29] Sector Performance - Weekly and monthly performance of various REITs sectors includes: - Housing REITs: +2.35% weekly, +2.68% monthly - Environmental REITs: -0.11% weekly, -2.76% monthly - Highway REITs: -0.39% weekly, -4.44% monthly - Industrial park REITs: +0.46% weekly, +4.28% monthly - Warehousing and logistics REITs: +1.57% weekly, -1.34% monthly - Energy REITs: +0.23% weekly, +3.96% monthly - Consumer REITs: +0.84% weekly [5][37] Upcoming Developments - There are currently 14 REITs funds awaiting listing, indicating a sustained active issuance market [6][12]