Core Viewpoint - The public REITs market is experiencing a downward trend with decreased market activity, but affordable housing REITs show strong resilience and growth potential [1][2][3] Market Performance - The CSI REITs Index fell by 1.36% to 856.7 points, while the CSI REITs Total Return Index decreased by 1.18% to 1065.4 points, indicating a lack of short-term confidence in REIT products [1] - Affordable housing REITs increased by 0.40%, highlighting their stability amidst market volatility, with notable performers including Huaxia Beijing Affordable Housing REIT (+3.67%), Huaxia Dayuecheng Commercial REIT (+3.19%), and Yinhua Shaoxing Raw Water REIT (+2.61%) [1] Industry Segmentation - There is a clear structural differentiation in the REITs market, with industrial park, warehousing logistics, and ecological environmental REITs declining by 2.14%, 2.96%, and 1.11% respectively, while affordable housing, consumer, and energy REITs saw increases of 0.27%, 0.09%, and 0.54% [2] - The market's preference for stable and anti-cyclical assets is evident, particularly in light of tariff impacts on coastal warehousing logistics REITs, which have performed poorly [2] Market Dynamics and Future Outlook - Recent developments include the launch of the first public rental housing REIT in Jiangsu, indicating growing market recognition of rental housing assets, and a high dividend payout from E Fund Guangzhou Development Zone REIT [3] - The market is expected to maintain narrow fluctuations in the short term, with a continued strong trend in stable sectors such as affordable housing, consumption, and water conservancy, while avoiding cyclical industries directly affected by tariffs [3]