保租房REITs，发行节奏加快！

Core Viewpoint - The public rental housing REITs in China are experiencing rapid development, with multiple new approvals and listings, indicating a growing investment opportunity in this sector [2][3][4]. Group 1: New Approvals and Listings - The Shanghai Stock Exchange has approved the initial issuance of Huatai Zijin Suzhou Hengtai Rental Housing REIT and the expansion of Huaxia Beijing Affordable Housing REIT [2][4]. - The Huaxia Beijing Affordable Housing REIT is the first expansion project of its kind in China, with a total estimated value of approximately 830 million yuan for the four new projects being acquired [6]. - The Huatai Zijin Suzhou Hengtai Rental Housing REIT's asset valuation is reported at 1.261 billion yuan, with projected cash distribution rates of 4.34% and 4.41% for the years 2025 and 2026, respectively [4][5]. Group 2: Market Performance and Future Projections - As of March 9, there are six listed public rental housing REITs, with the Huaxia Beijing Affordable Housing REIT showing strong performance and high returns for investors [3]. - The overall issuance scale of public rental housing REITs is expected to exceed 25 billion yuan by 2025, driven by the acceleration of new issuances and multiple companies advancing their applications [3]. - The expansion of the Huaxia Beijing Affordable Housing REIT is projected to increase its annualized cash distribution rate from 2.70% to 3.13% for 2025, enhancing the fund's competitiveness [6]. Group 3: Financial Performance - The Huaxia Beijing Affordable Housing REIT reported a revenue of 18.17 million yuan and a net profit of 8.99 million yuan for the fourth quarter of 2024, indicating stable operational performance [7]. - The total available distribution amount for the year is reported at 53.85 million yuan, reflecting the fund's solid financial health [7]. Group 4: Upcoming Listings - The Huatai Zijin Suzhou Hengtai Rental Housing REIT is set to become the seventh listed public rental housing REIT, with a total fundraising amount of 1.362 billion yuan [9]. - The underlying assets for this REIT include two long-term rental housing projects in Shanghai, with a combined assessed value of 1.231 billion yuan [9].