Group 1 - The article discusses the importance of high-quality dividend growth stocks for generating a safe and growing passive income stream [1] - It highlights the focus on portfolio income growth rather than total returns, indicating a long-term investment strategy [1] - The author, Austin Rogers, is a REIT specialist with a background in commercial real estate, contributing to the High Yield Landlord investment community [1] Group 2 - The High Yield Landlord community offers exclusive research on the global REIT sector and provides access to multiple real money portfolios [1] - It features an active chat room and direct access to analysts, enhancing the investment experience for its members [1]

1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report From June 16 to June 20, 2025, the secondary - market prices of listed public REITs in China showed an overall upward trend, with the weighted REITs index closing at 145 and a weekly return of 1.06%. Compared with other mainstream asset classes, REITs performed well. The price trends of different types of REITs varied, and there were also differences in trading volume, turnover rate, and capital inflow. No new REITs were listed this week, but the status of some REITs' initial projects was updated [1][11]. 3. Summary According to Relevant Catalogs 3.1 Secondary Market 3.1.1 Price Trend - **At the large - scale asset level**: The secondary - market prices of listed public REITs in China showed an upward trend. The REITs return rate was 1.06%, ranking second among mainstream asset classes after crude oil. The return rates of mainstream asset classes from high to low were: crude oil > REITs > US stocks > pure bonds > A - shares > convertible bonds > gold [11][15]. - **At the underlying asset level**: This week, the secondary - market prices of equity - based REITs showed an upward trend with a return of 2.15%, while those of concession - based REITs declined slightly with a return of - 0.43%. Among different underlying asset types, municipal facility - based REITs had the largest increase with a return of 8.1%, and transportation infrastructure - based REITs had the largest decline with a decline of 1.09% [17][20]. - **At the single - REIT level**: This week, public REITs showed mixed performance, with 49 rising and 17 falling. The top three in terms of increase were Guotai Junan Jinan Energy Heating REIT, Huaxia Fund Huarun Youchao REIT, and CICC Xiamen Anju REIT, with increases of 8.1%, 7.77%, and 7.72% respectively. The top three in terms of decline were Huaan Bailian Consumption REIT, Zheshang HuHangYong REIT, and Ping An Ningbo Jiaotou REIT, with declines of 4.59%, 3.53%, and 2% respectively [24]. 3.1.2 Trading Volume and Turnover Rate - **At the underlying asset level**: The trading volume of public REITs this week was 2.84 billion yuan, and the municipal facility - based REITs led in the average daily turnover rate. The top three in terms of trading volume were transportation infrastructure - based, affordable rental housing - based, and park infrastructure - based REITs, with trading volumes of 744 million, 465 million, and 449 million yuan respectively. The top three in terms of average daily turnover rate were municipal facility - based, affordable rental housing - based, and ecological environmental protection - based REITs, with rates of 1.24%, 0.96%, and 0.80% respectively [26]. - **At the single - REIT level**: The trading volume and turnover rate of single REITs continued to show differentiation. The top three in terms of trading volume were Huaan Bailian Consumption REIT, Huaxia Hefei High - tech REIT, and Huaxia Beijing Affordable Housing REIT, with trading volumes of 260 million, 260 million, and 240 million shares respectively. The top three in terms of trading amount were CICC Anhui Expressway REIT, Huaxia China Communications Construction REIT, and Penghua Shenzhen Energy REIT, with trading amounts of 144 million, 138 million, and 127 million yuan respectively. The top three in terms of turnover rate were Huatai Suzhou Hengtai Rental Housing REIT, Huaan Bailian Consumption REIT, and Huaxia Shenzhen International REIT, with rates of 12.28%, 9.75%, and 8.84% respectively [29]. 3.1.3 Main Force Net Inflow and Block Trading Situation - **Main force net inflow situation**: The total net inflow of the main force this week was 91.186 million yuan, and the market trading enthusiasm recovered. Among different underlying asset REITs, the top three in terms of net inflow were energy infrastructure - based, transportation infrastructure - based, and warehousing and logistics - based REITs, with net inflows of 39.94 million, 26.45 million, and 13.33 million yuan respectively. The top three single - REITs in terms of net inflow were Penghua Shenzhen Energy REIT, Ping An Guangzhou Expressway REIT, and Huaxia Huarun Commercial REIT, with net inflows of 25.91 million, 22.43 million, and 15.8 million yuan respectively, and the number of consecutive inflow days was 5 days for all [32]. - **Block trading situation**: The total block trading amount this week reached 706.2 million yuan, a significant increase compared with last week. There were block trading transactions on 5 trading days this week, with a total block trading amount of 201.54 million yuan. The block trading amount on Thursday (June 19, 2025) was the highest in the week, reaching 104.31 million yuan. The top three single - REITs in terms of block trading amount were CICC Shandong Expressway REIT, Huaan Zhangjiang Industrial Park REIT, and Guotai Junan Dongjiu New Economy REIT, with trading amounts of 103.51 million, 20.94 million, and 20.31 million yuan respectively, and the corresponding average discount - premium rates were - 1.56%, - 0.68%, and - 1.21% respectively [33]. 4. Primary Market 4.1 Listed Projects As of June 20, 2025, there were 66 public REITs in China, with a total issuance scale of 17.4393 billion yuan. Among them, transportation infrastructure - based REITs had the largest issuance scale, reaching 6.8771 billion yuan, followed by park infrastructure - based REITs with an issuance scale of 2.7062 billion yuan. No new REITs were listed this week [37][38]. 4.2 Projects to be Listed There were 28 REITs in the state of being to be listed, including 16 initial REITs and 12 REITs to be expanded. The status of the initial projects of "Chuangjin Hexin Shounong Industrial Park Closed - end Infrastructure Securities Investment Fund" and "Southern Runze Technology Data Center Closed - end Infrastructure Securities Investment Fund" was updated to "passed", and the status of the initial projects of "Huaxia Huadian Clean Energy Closed - end Infrastructure Securities Investment Fund" and "Southern Wan Guo Data Center Closed - end Infrastructure Securities Investment Fund" was updated to "accepted" [41].

Group 1 - The article promotes iREIT on Alpha as a source for in-depth research on various income alternatives including REITs, mREITs, Preferreds, BDCs, MLPs, and ETFs, highlighting its positive testimonials [1] - It mentions a free 2-week trial for potential subscribers, emphasizing the lack of risk in trying the service [1] Group 2 - The article includes a disclosure from the analyst indicating a beneficial long position in HD shares, which may influence the analysis presented [2] - It clarifies that the opinions expressed are those of the author and not influenced by compensation from any company mentioned [2] Group 3 - Seeking Alpha's disclosure states that past performance does not guarantee future results, indicating a cautionary note regarding investment suitability [3] - It emphasizes that the views expressed may not reflect those of Seeking Alpha as a whole, highlighting the independent nature of the analysts [3]

Group 1 - Prologis, Inc. (NYSE: PLD) is recognized as one of the faster-growing companies in the typically slow-growth REIT industry [1] - The company continues to deliver solid financial results despite ongoing tariff uncertainties [1] - Prologis has shown a significant recovery after years of underperformance [1] Group 2 - The investment strategy focuses on identifying undervalued companies with long-term growth potential [1] - The approach emphasizes strong balance sheets and effective management teams in sectors with extended growth opportunities [1]

Group 1 - Three public REITs announced suspension and resumption of trading due to significant price increases, with the Guotai Junan Jinan Energy Heating REIT suspended for one day starting June 17 [1] - The demand for humanoid robots surged by 409%, with job postings in the humanoid robot sector increasing by 409% and job seekers by 396% in the first five months of 2025 [1] - CFM reported that DDR4 memory prices are continuously rising, but market transactions are showing signs of weakness, with some brands increasing prices by over 50% [1] Group 2 - The antiviral drug market is facing changes as Oseltamivir may be suspended from the market due to price adjustments, with a reported price drop of up to 92% after being included in national procurement [2] - China's magnetic levitation technology achieved a breakthrough, successfully accelerating a test vehicle weighing 1.1 tons to 650 km/h over a distance of 1000 meters [2] Group 3 - Meta Platforms is expected to launch its next-generation AI ASIC chip, MTIA T-V1, designed by Broadcom, in the fourth quarter of 2025, surpassing Nvidia's Rubin AI GPU specifications [3] - Ant Group has invested in the humanoid robotics company Lingxin Qiaoshou, increasing its registered capital from 6.615 million to 7.208 million RMB [3] Group 4 - Wang Xing reduced his stake in Li Auto, cashing out over 600 million HKD, bringing his holding down to 20.61% [5] - Caocao Chuxing announced its IPO plans, aiming to raise approximately 1.853 billion HKD with a valuation of about 22.823 billion HKD [5] Group 5 - Huatai Automotive Group and Zhang Xiugen are facing enforcement actions for over 1.3 billion RMB, with multiple legal issues reported [6] - Jiangsu Boruisi Kang Biotechnology was banned from military procurement activities for life due to collusion and false bidding [7] Group 6 - Shanghai Zhaoxin Integrated Circuit Co., a leading CPU manufacturer, has had its IPO application accepted by the Sci-Tech Innovation Board [8] - China Shenhua reported a 10.7% year-on-year decrease in coal sales volume for May, with total power generation down by 9.1% [8][9] Group 7 - Design Institute received approval from the CSRC to issue up to 1 billion RMB in technology innovation bonds [10] - Zhongtai Automobile plans to raise up to 1 billion RMB through a private placement to invest in humanoid robots and core components for intelligent driving [11] Group 8 - The Shanghai Composite Index experienced slight declines, with significant movements in sectors such as brain-computer interfaces and oil and gas stocks [12]

Group 1: REITs Market Overview - The REITs index continues to rise, with property types showing strength this week, indicating a recovery in market activity [2][3] - As of June 13, 2025, the total market value of REITs reached 204.08 billion yuan, an increase of 2.01 billion yuan from the previous week [3][4] - The average weekly increase for property-type REITs was 0.95%, outperforming other categories [4] Group 2: H Acid Market Dynamics - The average market price of H acid as of June 13, 2025, was 41,750 yuan per ton, up 5,750 yuan per ton since early January 2025 [6][7] - Supply-demand tightness is expected to push H acid prices higher, with effective domestic production capacity currently below 60,000 tons, leading to a supply gap of over 10% [8][9] - Companies with integrated production capacity for H acid and reactive dyes, such as Zhejiang Longsheng and Jinchicken Co., are expected to benefit from rising prices [9][10] Group 3: North Exchange Market Insights - As of June 13, 2025, the North Exchange A-share component stocks totaled 267, with an average market capitalization of 3.046 billion yuan [11] - The North Exchange 50 index experienced a decline of 3.11%, while the average daily trading volume increased by 31.28% compared to the previous week [11][12] - The newly listed company, Jiao Da Tie Fa, focuses on intelligent products and services for rail transit, with projected revenue of 335 million yuan for 2024 [12] Group 4: AI Chip Design System Launch - The world's first AI-based chip design system, "Enlightenment," was launched, achieving full automation in chip design processes [14][16] - The system can design a 32-bit RISC-V CPU in just five hours, matching the performance of Intel 486, and has completed its first silicon [16] - This innovation is expected to significantly enhance the efficiency of chip design and development in the semiconductor industry [16] Group 5: New Materials Industry Outlook - The new materials sector is anticipated to enter a growth phase driven by increasing downstream demand and supportive policies [14][25] - Key areas of focus include semiconductor materials, renewable energy technologies, and biodegradable plastics, which are expected to see significant investment and development [19][23] - The industry maintains a "recommended" rating due to its potential for growth and innovation [25]

Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income ...

Market Performance - The CSI REITs total return index closed at 1114.86 points, up 0.69% for the week, indicating sustained market enthusiasm[1] - The total market capitalization of listed REITs reached 204.1 billion yuan, a week-on-week increase of 0.99%[1] - The number of listed REITs in China will increase to 69 following the recent issuance of three REITs[1] Asset Class Comparison - All REITs asset classes recorded positive growth, outperforming equity markets (CSI 300, CSI 500, CSI 1000, and Hang Seng Tech) and bond markets (CSI All Bonds, CSI Government Bonds, CSI Corporate Bonds, and CSI Convertible Bonds)[1] - The CSI REITs total return index has increased by 15.19% year-to-date, while the CSI REITs closing index has risen by 12.25%[6] Sector Highlights - The rental housing REITs sector led the gains with a weekly increase of 1.43%, driven by the completion of the Huaxia Beijing affordable housing REIT expansion[7] - The consumption facilities and industrial park sectors both recorded a weekly increase of 0.85%[8] Trading Activity - The average daily trading volume was 548 million shares, with a daily average turnover rate of 0.61%, reflecting a 5% increase in trading activity[14] - The municipal environmental protection sector had the highest turnover rate at 1.01%, indicating increased trading interest[16]

Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, indicating a long-standing interest in markets and the economy [1] - The author has recently adopted a strategy that combines long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term investment approach [1] - The author primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and other stocks influenced by macro trade ideas [1]

Our approach has earned us 500+ five-star reviews from satisfied members who are already seeing the benefits. Don’t miss out—join now and start maximizing your returns!We invest thousands of hours and over $100,000 annually into researching the most profitable investment opportunities—all to bring you real estate strategies at just a fraction of the cost.He is the leader of the investing group High Yield Landlord , where he shares his real-money REIT portfolio and transactions in real-time. Features of the ...