清洁能源REITs作为连接资本市场与实体产业的重要创新工具，拥有巨大发展潜力与绿色引资能力。 ▲图片由AI制作 随着"双碳"目标持续推进，清洁能源REITs（封闭式基础设施证券投资基金）正步入"价值兑现"与"成长可期"相辅相成的新阶段。日 前，四只代表性产品——全国首单水电公募REITs、新疆首单新能源公募REITs、全国首单光伏公募REITs以及全国首单陆上风电新能 源公募REITs，相继公布"期中成绩"。从已披露数据来看，四只产品表现出强劲现金流生产和分红兑现能力，并且构建了一条"稳健回 报分红+优质底层资产+明确成长扩募"的发展路线。这也从侧面体现出，清洁能源REITs作为连接资本市场与实体产业的重要创新工 具，拥有巨大发展潜力与绿色引资能力。 收益分红普遍稳健可观 嘉实中国电建清洁能源封闭式基础设施证券投资基金（以下简称"嘉实中国电建清洁能源REIT"）是我国首单水电公募REITs 、四川省 首单公募REITs以及少数民族地区首单公募REITs，今年上半年实现收入36 31.52万元、可供分配金额30 51.5 2万元。 2024年度，嘉实中国电建清洁能源REIT累计分配金额7 388万元，占20 2 ...

Core Viewpoint - The public REITs market has shown signs of recovery after a period of decline, with several funds experiencing significant gains, indicating a potential for further market stabilization and investment opportunities [1][2][5]. Market Performance - On September 4, the CSI REITs All Return Index increased by 0.42%, with multiple public REITs rising over 2%, notably the招商基金蛇口租赁住房REIT which rose by 3.1% [1][2]. - From August 25 to August 29, the CSI REITs All Return Index recorded a gain of 1.06%, outperforming the CSI Dividend Index by 2.16 percentage points [1][2]. - As of September 4, among the 58 REITs listed before January 1, 2025, 54 have achieved positive returns this year, with 40 REITs increasing by over 10% [3]. Sector Analysis - There is a noticeable differentiation within public REITs, with property-type REITs rising by 1.55% and concession-type REITs by 0.87% last week [2]. - Sectors such as consumption, affordable housing, warehousing logistics, and data centers have shown relatively strong performance [2][4]. Financial Metrics - The overall revenue of REITs in the first half of 2025 saw a slight increase of 0.6% year-on-year, while net profit decreased by 7.5% [4]. - The distributable income decreased by 4.3%, and the actual dividend amount dropped by 26%, leading to an average cash distribution rate of 2.36%, down 50 basis points year-on-year [4]. Investment Strategy - The market sentiment indicates a potential for further recovery in the REITs sector, especially if investor risk appetite continues to contract [5][6]. - Investment opportunities are suggested in high-quality projects, particularly in sectors with strong fundamental expectations such as affordable housing and consumption [6]. - Long-term holding and reasonable allocation are emphasized as strategies for achieving better investment returns in public REITs [1][6].