Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .It’s time for another deep dive into what I consider one of the most important topics at the moment, a topic that combines a number of heavyweight themes we have spent a lot of timeLeo Nelissen is an analyst focusing on major economic developments related to supply chains, infra ...

晶捷品牌咨询创始人、品牌战略专家陈晶晶指出，烟台芝罘万达广场"回购后次日再度易主"，更像一次 权属通道重排，而非真实意义上的"买回再卖出"。万达在其中更像"中转站"，完成对历史结构的清理与 重组，为资产交割至新主体扫清路径，而非重启重资产战略的明确信号。 "此类操作通常服务于资本结构重排、风险出清与资产再包装，本质是对现金流、控制权与资本成本的 再平衡。"在陈晶晶看来，此次回购，更可能是技术性回收与交割路径的一部分，不排除为后续资产证 券化铺路。 烟台芝罘万达广场资产证券化的猜想与新买家苏州联商玖号的背景有关。 （文/解红娟 编辑/吕栋） 烟台芝罘万达广场在万达赎回的第二天再度易主。 烟台芝罘万达广场首次股权变动发生在2024年7月5日。彼时，原全资股东大连万达商业管理集团股份有 限公司退出，新增股东坤华股权投资合伙企业（以下简称"坤华"）与坤元辰兴投资管理咨询有限公司 （以下简称"坤元"），分别持有约99.99%和0.01%的股份。 一年后的2025年12月2日，万达商管通过旗下上海万达锐驰企业管理有限公司（以下简称"万达锐驰"） 完成回购，烟台芝罘万达广场有限公司股东名单变更，坤华、坤元悉数退出，万达锐驰 ...

Core Insights - The event organized by CITIC Construction Investment Fund and CITIC Construction Investment Securities focused on investment opportunities in REITs under the backdrop of market-oriented reforms in the renewable energy sector [1][2] - The Jiangsu branch of State Power Investment Corporation presented its renewable energy project layout in Jiangsu and discussed the positive role of public REITs in revitalizing existing assets and promoting energy transition [1] - Experts from the local power industry analyzed the policy framework and development trends for renewable energy participation in the electricity market, highlighting the challenges and strategies for renewable enterprises in market transactions [1][2] REITs Market Analysis - The chief analyst from CITIC Construction Investment Securities reviewed the expansion progress of the REITs market since 2025, emphasizing the long-term investment logic of energy infrastructure REITs [2] - The representative from State Power Investment Corporation's Jiangsu offshore wind power company shared insights on the digital operation and management experience of offshore wind assets, showcasing operational efficiency and management standards [2] - The discussions during the event clarified the role of infrastructure REITs in the electricity reform process, addressing practical issues such as the impact of natural resource fluctuations on returns [2] Future Engagement - The event served as an effective platform for investors to gain insights into trends in the renewable energy electricity market and the value of REITs assets through policy interpretation, case sharing, and market analysis [2] - CITIC Construction Investment plans to continue investor engagement activities to timely convey industry dynamics and project information, focusing on long-term development opportunities in the renewable infrastructure sector [2]

Domestic Developments - The National Development and Reform Commission (NDRC) released a list of industry scopes for infrastructure REITs, indicating a more diversified asset base and aiming to enhance the REITs market structure[1] - The NDRC and four other departments issued opinions to address the structural mismatch between digital talent supply and industry demand, highlighting a talent gap of over 32 million in the digital economy[10] - The State Council emphasized the role of new urbanization in driving high-quality economic development, targeting an urbanization rate of nearly 70% by 2028, up from 67% at the end of 2024[15] International Developments - The Bank of Japan hinted at a potential interest rate hike in December, with the 20-year Japanese government bond yield rising to 2.88%, the highest since June 1999[16] - The U.S. ADP employment report showed a decrease of 32,000 private sector jobs in November, the largest drop since March 2023, indicating increasing pressure on the U.S. job market[20] - The European Union proposed a 70% local content requirement for key products, aiming to reduce external dependencies and bolster local manufacturing[22] Market Trends - Brent crude oil prices increased by 0.69% week-on-week, while iron ore and copper prices rose by 0.48% and 3.15%, respectively[24] - Real estate sales in major cities fell by 24.29% week-on-week, with first-tier cities down 25.61% and second-tier cities down 30.47%[40] - The average daily retail sales of passenger cars increased by 2% year-on-year in the last week of November, despite a 7% decline in total retail sales for the month compared to the previous year[40]

Group 1 - The article emphasizes a preference for funds that track an underlying index, particularly highlighting the Roundhill Russell 2000 0DTE as a suitable option for investors with specific risk tolerances [1] - The author has over 15 years of experience in investing and focuses on identifying high-quality dividend stocks and other assets that provide long-term growth potential [1] - A hybrid investment strategy combining classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds is presented as an effective way to enhance investment income while achieving total returns comparable to traditional index funds [1]

Core Viewpoint - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with other asset classes like Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The company advocates for a diversified approach to investing, suggesting that a solid base of dividend growth stocks can be complemented by other investment vehicles to create a balanced portfolio [1]. - The strategy aims to boost investment income while maintaining a total return that aligns with the performance of the S&P index [1].

万达集团第一次赎回已出售的万达广场。 天眼查显示，12月2日，烟台芝罘万达广场有限公司(以下或简称烟台芝罘万达广场项目)发生工商变更，新华保险（601336）旗下坤华 (天津)股权投资合伙企业(有限合伙)(以下简称坤华股权投资)、坤元辰兴(厦门)投资管理咨询有限公司退出股东行列，新增上海万达锐 驰企业管理有限公司为全资控股股东，同时多位高级管理人员信息发生变更。 公开资料显示，上海万达锐驰企业管理有限公司成立于2023年，由大连万达商业管理集团(以下简称万达商管)100%持股，注册资本 5000万元。万达商管又是万达集团核心子公司之一。 视觉中国图 12月3日，中国企业资本联盟中国区首席经济学家柏文喜在接受《每日经济新闻》记者采访时表示，坤华系收购的万达广场，大多嵌有 类似"回购期权+固定IRR(内部收益率)"条款，只要万达方面仍保有行权资金额度，理论上可继续赎回，但每座万达广场的现金流情况 不同，IRR门槛也不一样，烟台芝罘万达广场项目的高回报、高出租率，使其成为第一顺位"回购标的"，其他三四线城市的万达广场若 租金增长乏力，万达方面未必会行权。 就此次为何赎回、赎回条件等问题，《每日经济新闻》记者联系了万 ...

分组1 - The article discusses the performance history of YieldMax funds, indicating that some have underperformed while adjustments to portfolios are being made [1] - The author emphasizes the importance of a diversified investment strategy that includes classic dividend growth stocks, Business Development Companies, REITs, and Closed End Funds to enhance investment income [1] - A hybrid investment system is mentioned, which aims to balance growth and income while achieving total returns comparable to traditional index funds like the S&P [1]

[Table_Reportdate] 2025年12月03日 [证券分析师： Table_Authors] 方霁 S0630523060001 fangji@longone.com.cn 证券分析师： 李嘉豪 S0630525100001 lijiah@longone.com.cn [晨会纪要 Table_NewTitle] 20251203 [table_summary] 重点推荐 晨 会 纪 要 ➢ 1.阿里云Q3营收同比增长34%，华为Mate 80系列与夸克AI眼镜发布——电子行业周报 2025/11/24-2025/11/30 ➢ 2.看好年末风格切换与"开门红"推进下的板块配置机会——非银金融行业周报 （20251124-20251130） 财经要闻 | 系列与夸克 眼镜发布——电 1.1. 阿里云 Q3 34%，华为 Mate 80 AI | 营收同比增长 | | | --- | --- | --- | | 子行业周报 2025/11/24-2025/11/30 | | 3 | | 1.2. 看好年末风格切换与"开门红"推进下的板块配置机会——非银金融行业周 | | | | 报（20251124 ...

2025年中央城市工作会议明确，以推进城市更新为重要抓手，走出一条中国特色城市现代化新 路子。将老旧街区、老旧厂区等城市更新项目纳入REITs范围，有助于破解城市更新中的资金 筹集难题。城市更新项目投资规模大、回收周期长，在地方财政面临压力的背景下，把城市更 新项目整体纳入，将推动城市更新形成"投资—建设—运营—退出—再投资"的良性循环，也有 助于引导投资主体从重开发向重运营转变，促进城市发展从增量扩张转向存量提质增效。 商业不动产投资同样也是规模大、回收期长，部分房企过度依赖债务融资。由于我国商业物业 尚待建立标准化退出渠道，目前超万亿规模资产沉淀于房企及地方国资体系内。现在，部分房 企债务集中到期、现金流紧张，流动性缺口显现。商业不动产流动性差，难以通过传统方式快 速变现，通过REITs可以为房企提供资产退出和资金回笼的渠道，盘活存量资产、降低负债 率，优化资本结构。 近日，国家发改委发布的《基础设施领域不动产投资信托基金（REITs）项目行业范围清单 （2025年版）》，对基础设施REITs发行范围作了进一步拓展，商业办公设施、城市更新设施 等作为独立资产类别纳入，消费基础设施资产类别中新增了体育场馆、 ...