As the largest consumer REITs in the market, China Resources Commercial REIT（ Fund code: 180601) has attracted market attention since its establishment. recently The first quarterly report of the Fund announced the first achievement of China Resources Commercial REIT after its listing. The first quarter of this year The underlying assets of the fund have been operating steadily with outstanding performance since February 7 From the establishment of the fund to March 31, the income of the fund reached 100743400 yuan, and the amount available for distribution reached 51221900 yuan. Calculated according to the scale of raising (corresponding to the issue price of 6.902 yuan/share), the corresponding annual distribution rate reached 5.03%. Huaxia China Resources Commercial REIT has made a good start The investor submitted a satisfactory answer sheet.
High quality underlying assets and professional operation management help the performance "get off to a good start"
By the end of the first quarter of this year, China Resources Commercial REIT had only been established for 54 days. Excellent revenue performance can be achieved in a short time, which is inseparable from the innate endowment of the underlying assets and the professional empowerment of the operation management team.
The first underlying asset of China Resources Commercial REIT is Qingdao MIXC, which is a core location benchmark commercial project of China Resources Land. Qingdao Vientiane City is located in the core business circle of the city, with a strong business atmosphere, complete supporting facilities and convenient transportation. It is one of the shopping centers with the largest building area in Shandong Province. With more than 500 stores in operation, it has prominent location and scale advantages, rich brands and diversified business types. It has strong competitiveness and first mover advantage in Qingdao, which is conducive to generating sustainable and stable cash flow and realizing Return on investment.
The operation management of the shopping center involves many links and is professional Strong, and the performance largely depends on professional operation and management capabilities. After the fund was issued and listed, China Resources Land and China Resources Vientiane Life continued to provide operation management services, continued the existing operation management team and management mechanism, and effectively guaranteed the stable operation of the project. Relying on the profound brand resources of China Resources Land and China Resources Vientiane Life and the perfect full value chain operation system, Qingdao Vientiane City will continue to be empowered and its performance will continue to improve.
According to the first quarter report, as of the end of the first quarter, the occupancy rate of Qingdao MIXC was 99.16%, which was further improved compared with 98.30% of the benchmark time point of the first evaluation, and remained stable at a high level The total number of people exceeded 1.2 million, with a year-on-year growth of more than 16%. In the first quarter, the passenger flow increased by 12.3%, both of which continued to grow. As a large-scale shopping center, the concentration of tenants in Qingdao MIXC continues to be low Flat, well dispersed tenant structure Based on the advantages of brand resources, continue to optimize the brand level, and focus on introducing the first BETA LAND in Shandong Province, including Archaeopteryx in the first quarter MARK landmark store (opened), Shandong's first NIKE RISE 1200 (in preparation for opening), professional cosmetics brand BOBBI BROWN boutique (in preparation for opening) and other brand stores, further enrich the layout of business types, and will bring higher levels to the project Revenue increase and passenger flow introduction. It is worth mentioning that Qingdao Vientiane City is actively optimizing, adjusting and renovating some business types, which is planned to be completed by the end of October 2024. At that time, it is expected to increase the leasable area by about 6168 Square meters, about 40 shops are planned to further enhance the value of project assets and Revenue water Ping.
Stable dividend cash flow, worthy of attention Investment object
With the listing of the first batch of consumer infrastructure REITs, China's infrastructure real estate investment trust Market realization of funds (REITs) Stable capacity expansion, asset type and The investment target is further enriched. Nine Articles of New China Propose "promote real estate investment trust High quality development of the REITs market ", and the follow-up development is expected.
Infrastructure REITs are internationally accepted allocation assets with liquidity High performance Relatively stable and safe income The REITs products will be 90% The annual distributable profit of the fund is used for dividend distribution, with a high proportion of dividends, at least once a year, which is suitable for preference for stable dividend distribution Long term return Investors, with high allocation value, similar to Stock, common Investors can Stock APP and other channels participate in the secondary market of REITs investment Trading to enjoy dividends Revenue and potential value added profit.
It is worth mentioning that according to the prospectus, China Resources Commercial REIT will pay dividends at least once every six months. Based on the good performance in the first quarter, the dividend frequency is expected to further increase.
Looking ahead, residents' disposable income will continue to increase, which will provide strong support for urban residents' consumption. Residents' daily shopping needs will also gradually upgrade to high-quality shopping and space experience needs Recently, the policy of "promoting consumption and stabilizing domestic demand" keeps emerging Taiwan, domestic consumption demand is expected to be further released, and the shopping center as Important consumption scene carriers will continue to play a role in promoting consumption Important role. For example, shopping centers such as Qingdao Vientiane City with prominent location advantages, large scale, rich business combinations, and outstanding operational capacity can better meet the high-quality consumption needs of residents, and achieve performance growth through improving market share.
Disclaimer: There are risks in the market, so you should be careful! This article is for reference only, not for sale basis.
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