Corporate Presentation J U LY 23, 2025 Forward-Looking Statements C O R P O R AT E P R E S E N TAT I O N, J U LY 23, 2025 | 3 THIS OPERATING AND FINANCIAL DATA SHOULD BE READ IN CONNECTION W I T H O U R Q U A RT E R LY R E P O RT O N F O R M 10-Q F O R T H E Q U A RT E R E N D E D JUNE 30, 2025. Statements made in this presentation may be forward-looking statements within the mean - ing of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-look - ing statements are intended to be c ...

证券代码：600039 证券简称：四川路桥 公告编号：2025-075 "房建"主要为产业园区、学校、住宅、老旧小区改造等项目； "其他"包括勘察设计、咨询、监理、招标代理等服务类项目。 2.上表中中标项目包括公司通过公开招投标和投建一体模式获取的项目。 四川路桥建设集团股份有限公司 2025 年第二季度主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 四川路桥建设集团股份有限公司（以下简称公司）根据《上海证券交易所 上市公司行业信息披露指引第八号——建筑》的相关规定，现将 2025 年第二季 度主要经营数据（未经审计）公告如下： | | | 第二季度 | 第二季度 中标项目 | 本年累计 | 本年累计 中标项目 | 上年同期 累计中标 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | 分行 | 中标项目 | 金额 | 中标项目 | 合计金额 | 项目合计 | 同比增减 | | | 业 | 数量 | （万元人 | 数量 | （万元人 | 金 ...

Core Insights - Federal Realty (FRT) is actively pursuing a capital deployment strategy through acquisitions and dispositions to enhance portfolio quality and long-term value creation [1][6]. Acquisition Activities - FRT acquired two open-air retail centers, Town Center Plaza and Town Center Crossing, in Leawood, Kansas, totaling 550,000 square feet for $289 million, benefiting from strong local demographics and demand from top-tier tenants like Trader Joe's, Apple, and Sephora [2][8]. Disposition of Non-Core Assets - The company sold its Hollywood Boulevard retail portfolio in Los Angeles, comprising 181,000 square feet, for $69 million, and a 108-unit residential building in Santana Row for $74 million, with plans to identify an additional $1 billion in potential asset dispositions [3][8]. Development Projects - FRT is commencing the development of Lot 12, a 258-unit residential project at Santana Row, with an investment of approximately $145 million, aimed at meeting the growing demand for high-quality residential spaces [4][6]. Additional Residential Projects - The company has two more residential projects underway: a 45-unit building in Hoboken, NJ, expected by 2027, and a 217-unit multifamily project in Bala Cynwyd, PA, anticipated by mid-2026, both showing strong early leasing demand [5]. Strategic Focus - FRT's strategy emphasizes capitalizing on expansion opportunities in premium markets, focusing on mixed-use developments that cater to the trend of living, working, and playing in the same area, thereby driving income growth and long-term value [6]. Stock Performance - Over the past three months, FRT's shares have increased by 4.9%, outperforming the industry growth of 3.6% [7].

Core Viewpoint - The increasing prevalence of high-rise residential buildings in urban areas is driven by developers' profit motives, but inherent flaws are leading residents to seek alternatives [1][3]. Group 1: Issues with High-Rise Residential Buildings - High public area costs are a significant concern, with public area percentages in high-rise buildings reaching as high as 20%, compared to 10-15% in low-rise buildings, increasing the financial burden on owners [1][3]. - The aging problem of high-rise buildings is becoming more pronounced, with structural and equipment deterioration making demolition costly and unlikely, leading to potential losses for developers [3]. - Dependence on elevators in high-rise buildings creates issues, including long wait times during peak hours and high maintenance costs, which ultimately fall on residents, increasing their economic pressure [3]. Group 2: Regulatory Changes and Future Trends - In September 2021, the Ministry of Housing and Urban-Rural Development issued a notice requiring high-rise construction to align with local firefighting capabilities, which will challenge high-rise development in smaller cities due to inadequate resources [5]. - The new regulations imply that high-rise construction will face significant restrictions and require government approval, leading to a potential shift towards multi-story residential buildings as the preferred option [5][8]. - Multi-story buildings with elevators are expected to gain popularity, offering a balance of convenience and lower public area costs while ensuring safety during emergencies, as residents can evacuate via stairs if elevators fail [8][6].

Core Viewpoint - The article discusses the advantages and disadvantages of different floors in buildings with seven or fewer stories, emphasizing the importance of floor selection for potential homebuyers [2][4][6][8][10]. Group 1: Top Floor - The top floor offers excellent views and lighting, along with better privacy, but it has significant drawbacks such as poor insulation, high air conditioning costs, and common issues with water leakage during rainy seasons [2]. Group 2: Ground Floor - The ground floor is attractive due to its low price and convenience for access, but it suffers from poor lighting, privacy issues, dampness, noise disturbances, and insect problems during summer [4]. Group 3: Second Floor - The second floor is generally more affordable than the third to fifth floors and is convenient for elderly residents, but it has weaker lighting and potential sewage issues during summer [6]. Group 4: Fourth Floor - The belief that the fourth floor is unlucky is unfounded; it offers comparable advantages in lighting, ventilation, and accessibility to other floors, making it suitable for various families [8]. Group 5: Fifth and Sixth Floors - The fifth and sixth floors provide good views and ventilation, but they can be inconvenient for elderly individuals without elevators, and resale may be challenging due to a smaller buyer pool [6]. Group 6: Conclusion - Choosing a floor requires weighing pros and cons based on individual needs and circumstances, and buyers should avoid superstitions, focusing instead on rational analysis [10].

七层以下的房子，不能选4楼？错了！其实要谨慎购买的是这2个楼层！ 我感到非常惊讶，追问其原因，小丽解释说，常听人说数字4带来厄运，4楼的风水也不好。听后，我立 刻反驳，并坚决告诉她，这种说法毫无根据！实际上，有这两个楼层更需要慎重选择。 首先讨论的是1楼。不论是七层以下的多层住宅，还是十几层的小高层，甚至是三十多层的高层，1楼普 遍存在的六大问题包括：采光不足、视野受限、通风较差、安全问题、隐私差和潮湿多虫。 特别需要注意的是隐私问题。住在一楼，常常需要拉上窗帘来阻挡外人的视线，否则屋内的一切都暴露 无遗，这几乎剥夺了所有的私人空间。虽然拉窗帘看似简单，但这会进一步阻挡光线。一楼本就采光不 佳，加上窗帘，屋内就变得更加昏暗，谁愿意住在这样的环境中呢？更何况，长时间没有阳光，不仅影 响心情，也会对健康造成不良影响。 通常被称为多层住宅的七层以下的房子，每一层都有其利与弊，尽管楼层不多，但对于初次购房者来 说，选楼层仍旧是一大难题！接下来，让我来逐一分析每个楼层的好坏。 当然，1楼也有它的优点，例如价格较低，适合预算有限的买家；此外，进出方便，不依赖电梯，特别 适合老年人或行动不便的人。除此之外，1楼似乎没有其他 ...

这么一看，楼市供大于求那是明摆着的事儿。那为啥这么多房子呢？还不是因为高层住宅建得多。为啥 建高层住宅？还不是因为土地资源有限，得往高了盖才能解决更多人的住房问题。再加上高层住宅外观 大气、绿化率高，还有物业服务，一推出就火得不行，开发商们自然就纷纷加入高层住宅建设大军了。 可是，小编得说，高层住宅的问题，也是随着时间的推移慢慢暴露出来的。比如说，公摊面积大，常常 达到25%到30%，购房者根本没法衡量，开发商说多少就是多少，这让不少购房者觉得不公平，觉得自 己花了冤枉钱。高层住宅人口密集，居住环境嘈杂，现在人们生活水平提高了，对居住环境的要求也高 了，人口密度大反而成了缺点，很多人因此选择搬离高层住宅。 10年后，国内二三十层的高层住宅，将不得不面临的很真实3大难题！ 今天来聊聊楼市那点事儿。最近中央政治局会议可是给楼市定了个调，说咱们房地产市场的供需关系， 已经发生了重大变化，得适时调整优化政策了。那这重大变化到底是啥呢？楼毒舌来给大家扒一扒。 首先啊，咱们得看看数据。央行说啊，到2019年，咱们城镇居民的住房拥有率已经高达96%了，平均每 家都有1.5套房，超过40%的家庭甚至有2套以上。国家统计局也说 ...