公募REITs周度跟踪（2026.01.26-2026.01.30）：首批8单商业不动产REITs正式申报-20260131

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - On January 29 - 30, 2026, 8 commercial real - estate REITs were successively declared on the Shanghai Stock Exchange, with a total planned fundraising scale of 31.48 billion yuan. The issuers are diverse, including 1 central enterprise, 2 Shanghai state - owned enterprises, 3 private enterprises, and 1 foreign - funded enterprise [4]. - As of January 30, 2026, 20 REITs have been successfully issued since 2025, with a total issuance scale of 40.3 billion yuan. This week, 10 first - issue public REITs made new progress, and the China Nuclear Clean Energy REIT will be listed on February 2, 2026 [4]. - This week, the CSI REITs Total Return Index closed at 1052.42 points, up 0.47%, outperforming the CSI 300 by 0.39 percentage points and underperforming the CSI Dividend by 1.11 percentage points. The CSI REITs Total Return Index has risen 4.22% since the beginning of the year, outperforming the CSI 300 by 2.57 percentage points and the CSI Dividend by 0.65 percentage points [4]. - In terms of liquidity, the average daily turnover rates of equity - type and franchise - type REITs this week were 0.58% and 0.44% respectively, down 14.01 and 2.61 basis points from last week. The trading volumes this week were 614 million and 146 million shares respectively, down 17.82% and 5.64% week - on - week [4]. - In terms of valuation, the yields of equity - type and franchise - type REITs according to ChinaBond valuation are 3.69% and 4.78% respectively. The transportation, warehousing and logistics, and park sectors rank among the top three [4]. 3. Summary According to the Table of Contents 3.1 Primary Market: 10 First - issue Public REITs Made New Progress - As of January 30, 2026, 79 REITs have been issued, with a total issuance scale of 203.5 billion yuan, a total market value of 228.7 billion yuan, and a circulating market value of 124.7 billion yuan. Among them, there are 56 equity - type REITs and 23 franchise - type REITs [14]. - This week, 10 first - issue REITs made new progress. 8 commercial real - estate REITs were declared to the CSRC and were accepted on the day of declaration. The China Aviation Beijing Changbao Rental Housing REIT and the CICC Torch Industrial Park REIT have been queried. There is no new progress in the expansion and fundraising this week [4][15][16]. 3.2 Secondary Market: Liquidity Declined This Week 3.2.1 Market Review: The CSI REITs Total Return Index Rose 0.47% - This week, the CSI REITs Total Return Index closed at 1052.42 points, up 0.47%, outperforming the CSI 300 by 0.39 percentage points and underperforming the CSI Dividend by 1.11 percentage points. The CSI REITs Total Return Index has risen 4.22% since the beginning of the year, outperforming the CSI 300 by 2.57 percentage points and the CSI Dividend by 0.65 percentage points [4]. - By project attribute, equity - type REITs rose 0.27% this week, and franchise - type REITs rose 0.69%. By asset type, the energy (+1.43%), environmental protection and water services (+0.87%), transportation (+0.45%), and park (+0.39%) sectors performed well [4]. 3.2.2 Liquidity: Both Turnover Rate and Trading Volume Declined - The average daily turnover rates of equity - type and franchise - type REITs this week were 0.58% and 0.44% respectively, down 14.01 and 2.61 basis points from last week. The trading volumes this week were 614 million and 146 million shares respectively, down 17.82% and 5.64% week - on - week. The data center sector was the most active [4]. 3.2.3 Valuation: The Valuation of the Affordable Housing Sector is Relatively High - According to ChinaBond valuation, the yields of equity - type and franchise - type REITs are 3.69% and 4.78% respectively. The transportation (5.92%), warehousing and logistics (5.29%), and park (4.39%) sectors rank among the top three [4]. 3.3 This Week's News and Important Announcements - This week, there were multiple important news and announcements, including Nanjing's plan to seize the opportunity of infrastructure REITs expansion, Poly Development's declaration of commercial real - estate REITs, Beijing's holding of the first provincial - level commercial real - estate REITs training session, and the declaration of the first batch of commercial real - estate REITs to the CSRC [33]. - There were also important announcements such as the listing of the China Nuclear Clean Energy REIT, the release of the operation data of the China Everbright Yuexiu Highway REIT, the change of the use of funds by the China Nanjing Transportation Highway REIT, and the expansion and fundraising plan of the Hua'an Waigaoqiao REIT [34].