Group 1 - The analyst has over 10 years of experience researching more than 1000 companies across various sectors including commodities and technology [1] - The focus has shifted from a personal blog to a value investing-oriented YouTube channel, emphasizing research on hundreds of companies [1] - The analyst expresses a particular interest in metals and mining stocks, while also being knowledgeable in consumer discretionary, staples, REITs, and utilities [1]

Income investors continually search for a dependable stock that pays out reliable dividends.A great place to start is the REIT sector, as REITs are mandated to pay at least 90% of their earnings as distributions to enjoy tax benefits.But you will do even better if you identify blue-chip REITs that are part of the Straits Times Index (SGX: ^STI).These high-quality REITs can ensure that you have peace of mind to weather through tough economic conditions. They can also provide you with a steady income once you ...

证券研究报告 跌势企稳收敛，估值支撑渐显 ——2025年公募REITs市场9月报 证券分析师：彭文玉 A0230517080001 朱敏 A0230524050004 任奕璇 A0230525050002 联系人: 任奕璇 A0230525050002 2025.09.28 摘要 www.swsresearch.com 2 ◼ 大类资产分流减弱，REITs跌势企稳收敛，流动性相对年初腰斩。股票及大宗商品涨势放缓，大类资产分流 效应减弱，国债利率虽回升但仍低于2%，资产荒叙事仍在，中证REITs本月收跌1.82%，跌幅较8月同期（- 2.52%）收窄。分板块看，各类REITs指数虽全线收跌，但普遍呈现跌幅收窄态势，能源板块跌幅最浅，前 期深度回调的保租房和消费跌幅收窄最为明显。个券层面，仅仓储物流板块有半数个券上涨，IDC、消费及 公用事业个券悉数下跌。联东科创REIT本月领涨（+3.48%），江苏交控REIT（-7.02%）跌幅居前。本月沪 深REITs日均换手率0.43%，较年初腰斩，较8月同期下降0.13个百分点，其中产权类换手率收窄较大。 ◼ 对国债息差保持坚挺，较红利股息差收窄，估值回调至历史中枢。派 ...

Core Insights - The NEOS Real Estate High Income ETF (BATS: IYRI) is a covered call ETF focused on real estate, specifically equity REITs [1] - The ETF aims to provide income through a somewhat unconventional approach by utilizing covered call strategies on real estate assets [1] Group 1 - The ETF is designed to enhance income generation by employing a covered call strategy, which involves selling call options on the underlying equity REITs [1] - The underlying assets of the ETF are primarily equity REITs, which are known for their potential to provide stable income through dividends [1] - The ETF's structure is intended to appeal to investors seeking exposure to real estate while also looking for enhanced income through options strategies [1] Group 2 - Roberts Berzins, a financial management expert with over a decade of experience, has contributed to the institutionalization of the REIT framework in Latvia [1] - His efforts include developing national financing guidelines for state-owned enterprises and frameworks to channel private capital into affordable housing [1] - Berzins holds a CFA Charter and an ESG investing certificate, indicating a strong background in financial analysis and sustainable investing [1]

证券研究报告|固收研究报告 [Table_Date] 2025 年 09 月 28 日 [Table_Title] 国庆后迎 3 单首发公募 REITs [Table_Title2] 公募 REITs 周速览（2025 年 9 月 15-19 日） [Table_Summary] 本周（2025 年 9 月 22-26 日）中证 REITs 全收益指数收于 1064.42 点，周度下跌0.65%，行情依旧较为冷淡，预计7-9月 将连续 3 个月收跌。周内来看，周一至周四连续下跌，累计跌 幅 0.72%，仅周五微涨 0.08%。已上市的 74 个 REITs 总市值 收于 2190 亿元，环比下降 1.11%，其中流通市值 1091亿元。 大类资产角度，2025年下半年来 REITs表现不佳，整体已 回调 5%左右，偏红利概念的 REITs 受市场风险偏好提升而走 弱。本周 REITs 依然弱势，黄金白银表现亮眼，沪金/沪银涨幅 分别达 3.17%/6.98%。沪深 300、中证 500 也有 1%的涨幅。 ►二级市场 9 月 22 日，证监会同时批复了中信建投沈阳国际软件园、 华夏安博仓储物流、华夏中海商业资 ...

证券研究报告 | 行业周报 gszqdatemark 2025 09 28 年 月 日 房地产 C-REITs 周报——指数回调，新增三单 REITs 注册生效 REITs 指数表现 本周数据中心板块交易活跃度最高。已上市 REITs 本周日均成交量 104.9 万股，日均换手率 0.4%。分板块来看，本周数据中心板块交易最活跃； 数据上本周仓储物流/产业园区/保障房/交通基础设施/能源基础设施/生 态环保/消费基础设施/水利设施/数据中心 REITs 板块换手率分别为 0.4%/0.3%/0.4%/0.4%/0.7%/0.8%/0.3%/0.2%/1.1%。 REITs 估值表现 本周已上市 REITs 中债 IRR（内部收益率）持续分化。其中位列前三的 REITs 分别是华夏中国交建 REIT（9.7%）、平安广州广河 REIT（9.1%）、 中金湖北科投光谷 REIT（7.8%）。P/NAV 位于 0.7-1.8 区间，其中位列前 三的 REITs 分别是易方达华威农贸市场 REIT（1.8）、嘉实中国电建清洁 能源 REIT（1.8）、嘉实物美消费 REIT（1.7）。 投资建议：看好 2025 年低 ...

Market Overview - The secondary market for publicly listed REITs in China experienced a slight decline, with the weighted REITs index closing at 184.79 and a weekly return rate of -0.77% [4] - Compared to other major asset classes, the return rates ranked from highest to lowest are: Gold > Oil > A-shares > Convertible Bonds > Pure Bonds > US Stocks > REITs [4] Project Attributes - Both property rights and franchise REITs saw a decrease in secondary market prices, while only energy-related REITs experienced an increase [5] - The top three performing underlying asset types in terms of return rates were energy, ecological and environmental protection, and warehousing and logistics [5] - Among the publicly offered REITs, there were 10 that increased in value, 1 that remained stable, and 63 that decreased [5] - The top three REITs by increase in value were Bosera Tian Kai Industrial Park REIT, CITIC Construction National Electric Power New Energy REIT, and CICC Lian Dong Science and Technology REIT [5] Trading Volume and Turnover Rate - The total trading volume for publicly offered REITs was 1.86 billion yuan, with new infrastructure REITs leading in average daily turnover rate [5] - The average daily turnover rate for all listed REITs was 0.45% [5] - The top three REITs by trading volume were Southern Runze Technology Data Center REIT, Guojin China Railway Construction REIT, and CICC Xiamen Anju REIT; the top three by trading amount were Guojin China Railway Construction REIT, Southern Runze Technology Data Center REIT, and CICC Anhui Traffic Control REIT [5] Net Inflow and Block Trading - The total net inflow of main funds was 26.88 million yuan, indicating a decrease in market trading enthusiasm [6] - The top three REITs by net inflow were Park Infrastructure, New Infrastructure, and Consumer Basic Social REITs [6] - The total amount of block trading reached 42.11 million yuan, which was lower than the previous week [7] - The highest single-day block trading amount was 14.34 million yuan on September 25, 2025 [7] - The top three REITs by block trading amount were Southern Runze Technology Data Center REIT, China Merchants Highway REIT, and CITIC Construction Mingyang Intelligent New Energy REIT [7] Primary Market - No new REIT products were launched during the week [8] - Three REIT projects had their status updated [9]

2025 年 9 月 27 日 总量研究 二级市场价格小幅下跌，能源类 REITs 表现相对较优 从底层资产类型来看，本周仅能源类 REITs 有所上涨。本周回报率排名前三的底 层资产类型分别为能源类、生态环保类和仓储物流类。 从单只 REIT 层面来看，本周公募 REITs 涨跌互现，有 10 只 REITs 上涨，有 1 只与上周持平，有 63 只 REITs 下跌。涨跌幅方面，涨幅排名前三的分别是博时 津开产园 REIT、中信建投国家电投新能源 REIT 和中金联东科创 REIT。 成交规模及换手率：本周公募 REITs 成交规模为 18.6 亿元，新型基础设施类 REITs 区间日均换手率领先其他。截至本周，已上市的 74 只 REITs 周内总成交 额为 18.6 亿元，周内区间日均换手率均值为 0.45%。 从单只 REIT 层面来看，本周单只 REIT 成交规模和换手率方面表现延续分化。 成交量方面，周内成交量前三的是南方润泽科技数据中心 REIT/国金中国铁建 REIT/中金厦门安居 REIT；成交额方面，周内成交额前三的是国金中国铁建 REIT/ 南方润泽科技数据中心 REIT/中金安徽交控 ...

REITs and the related ETFs haven't done much following the Federal Reserve's interest rate cut, indicating that was largely priced into the rate-sensitive sector. More rate cuts could be on the way. However, investors may want to examine other potential catalysts for real estate equities. On that note, the ALPS Active REIT ETF (REIT) is an ETF to watch for multiple reasons, including a nearly 15% weight to retail REITs. Yes, retail REITs, a corner of the real estate sector long seen as vulnerable to the ris ...

Wealthy investors and institutions have committed $10 billion to timberland managed by Angela Davis. Ordinary folk have to settle for shares of timber REITs. https://t.co/IX4oFtyHQP (Photo: Pedro Oliveira for Forbes) https://t.co/vgHIU4y5Lh https://t.co/9O7lXzgEPI ...