{"id":13132,"date":"2021-04-26T20:26:08","date_gmt":"2021-04-26T12:26:08","guid":{"rendered":"https:\/\/valueinmind.co\/?p=13132"},"modified":"2023-08-24T16:11:57","modified_gmt":"2023-08-24T08:11:57","slug":"5-important-metrics-of-reits-investing","status":"publish","type":"post","link":"https:\/\/valueinmind.co\/zh\/5-important-metrics-of-reits-investing\/","title":{"rendered":"\u6295\u8cc7REITs\u8981\u8cfa\u9322\uff1f\u90195\u5927\u6307\u6a19\u4f60\u4e0d\u53ef\u4e0d\u61c2\uff5c\u7522\u6258\u5165\u9580\u7cfb\u5217(\u4e8c)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"13132\" class=\"elementor elementor-13132\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d5041de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d5041de\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-902bc92\" data-id=\"902bc92\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb31b77 elementor-widget elementor-widget-facebook-button\" data-id=\"fb31b77\" data-element_type=\"widget\" data-widget_type=\"facebook-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor-pro - v3.23.0 - 05-08-2024 *\/\n.elementor-facebook-widget.fb_iframe_widget,.elementor-facebook-widget.fb_iframe_widget span{width:100%!important}.elementor-facebook-widget.fb_iframe_widget iframe{position:relative;width:100%!important}.elementor-facebook-widget.fb-like{height:1px}.elementor-widget-facebook-comments iframe{width:100%!important}<\/style>\t\t<div data-layout=\"standard\" data-colorscheme=\"light\" data-size=\"small\" data-show-faces=\"false\" class=\"elementor-facebook-widget fb-like\" data-href=\"https:\/\/valueinmind.co\/zh\/?p=13132\" data-share=\"true\" data-action=\"like\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b443b9b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b443b9b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0445f89\" data-id=\"0445f89\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3b8bcf1 elementor-widget elementor-widget-text-editor\" data-id=\"3b8bcf1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">\u96d6\u7136\u623f\u5730\u7522\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u88ab\u516c\u8a8d\u70ba\u76f8\u5c0d\u7a69\u5b9a\u3001\u5b89\u5168\u7684\u6295\u8cc7\u6a19\u7684\uff0c\u4f46\u662f\u4e0d\u4ee3\u8868\u6295\u8cc7\u8005\u96a8\u4fbf\u6311\u9078\u4efb\u4f55\u4e00\u500bREIT\u90fd\u80fd\u7a69\u5b9a\u8cfa\u9322\uff0c\u7562\u7adf\u6bcf\u500bREIT\u7684\u8cc7\u7522\u985e\u5225\u3001\u7d20\u8cea\u548c\u76c8\u5229\u80fd\u529b\u90fd\u4e0d\u76e1\u76f8\u540c\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u570b\u5167\u4e0a\u5e02\u7684REITs\u591a\u905418\u5bb6\uff0c\u4ee5\u512a\u8ceaREITs\u8457\u7a31\u7684\u65b0\u52a0\u5761\u66f4\u64c1\u6709\u8d85\u904e40\u5bb6REITs\u3002\u6295\u8cc7\u8005\u61c9\u8a72\u600e\u9ebc\u9078\uff1f\u505a\u6c7a\u5b9a\u4e4b\u524d\uff0c\u61c9\u8a72\u8003\u91cf\u4ec0\u9ebc\u56e0\u7d20\uff1f<\/span><\/p><p><b>\u4e0d\u540c\u7684\u4eba\u6295\u8cc7REITs\u7684\u8ffd\u6c42\u53ef\u80fd\u4e0d\u4e00\u6a23\uff0c\u7528\u4f86\u8a55\u4f30REITs\u7684\u6a19\u6e96\u4e5f\u4e0d\u76e1\u76f8\u540c\uff0c\u4f46\u67095\u500b\u6311\u9078\u6a19\u6e96\uff0c\u662f\u5927\u591a\u6578\u7d93\u9a57\u8c50\u5bcc\u7684\u6295\u8cc7\u8005\uff0c\u90fd\u4e00\u5b9a\u6703\u7d0d\u5165\u8003\u91cf\u7684\u6307\u6a19\uff01<\/b><\/p><p><b>\u90195\u5927\u6307\u6a19\u4fbf\u662f\u7522\u696d\u6536\u76ca\u7387\uff08Property Yield\uff09\u3001\u9084\u50b5\u6210\u672c\uff08Cost of debt\uff09\u3001\u5e02\u6de8\u7387\uff08Price To Book Ratio\uff09\u3001\u8ca0\u50b5\u6b0a\u76ca\u6bd4\uff08Gearing Ratio\uff09\u3001\u5206\u914d\u6536\u76ca\u7387\uff08Distribution Yield\uff09\u3002<\/b><\/p><p><span style=\"font-weight: 400;\">\u770b\u8d77\u4f86\u5f88\u8271\u6f80\u96e3\u61c2\uff0c\u4f46\u5176\u5be6\u4e00\u9ede\u90fd\u4e0d\u8907\u96dc\u3002\u9019\u4e00\u7bc7\u6587\u7ae0\u6703\u6df1\u5165\u70ba\u5927\u5bb6\u8b1b\u89e3\u9019\u4e94\u5927\u6307\u6a19\uff0c\u5167\u5bb9\u5305\u62ec\uff1a<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u4e94\u5927\u6307\u6a19\u662f\u4ec0\u9ebc\uff0c\u4ee5\u53ca\u5b83\u7684\u8a08\u7b97\u516c\u5f0f<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u9019\u4e9b\u6307\u6a19\u7b97\u51fa\u4f86\u7684\u6578\u5b57\u5728\u53cd\u6620\u4ec0\u9ebc\u8a0a\u606f\uff1f<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5728REITs\u6295\u8cc7\u5982\u4f55\u9748\u6d3b\u904b\u7528\u9019\u4e9b\u6307\u6a19<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">\u5230\u54ea\u88e1\u53ef\u4ee5\u67e5\u8a62\u9019\u4e9b\u6307\u6a19\u7684\u5167\u5bb9\uff1f<\/span><\/li><\/ul><h4><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/valueinmind.co\/zh\/free-resources\/free-publications\/financial-investment-4-tips\/\">\u60f3\u8981\u5b78\u7fd2\u5982\u4f55\u6295\u8cc7\uff1f\u99ac\u4e0a\u4e0b\u8f09\u514d\u8cbb\u7684\u300a\u6700\u65b0\u6295\u8cc7\u5165\u9580\u653b\u7565\u300b\uff0c\u5e6b\u52a9\u4f60\u5b78\u7fd2\u6295\u8cc7\u7684\u95dc\u9375\uff0c\u6210\u70ba\u6295\u8cc7\u8d0f\u5bb6\uff01<\/a><\/strong><\/span><b><br \/><\/b><\/h4><div>\u00a0<\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14388c5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14388c5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2fef100\" data-id=\"2fef100\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2fa0a4b elementor-widget elementor-widget-text-editor\" data-id=\"2fa0a4b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h2><span style=\"color: #262262;\"><b>\u7522\u696d\u6536\u76ca\u7387 Property Yield<\/b><\/span><\/h2><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u5728\u89c0\u5bdfREIT\u7684\u76c8\u5229\u80fd\u529b\u548c\u904b\u71df\u72c0\u6cc1\u6642\uff0c\u6211\u5011\u9996\u5148\u95dc\u6ce8REIT\u7684\u6de8\u7522\u696d\u6536\u5165\uff08Net Property Income, NPI\uff09\u548c\u7522\u696d\u6536\u76ca\u7387\uff08Property Yield\uff09\u3002<\/span><\/p><p>\u5148\u4f86\u770b\u770b\u6de8\u7522\u696d\u6536\u5165\u548c\u7522\u696d\u6536\u76ca\u7387\u7684\u8a08\u7b97\u516c\u5f0f\uff1a<\/p><p><span style=\"color: #0096ff;\"><b>\u6de8\u7522\u696d\u6536\u5165 = \u71df\u696d\u984d\uff08Gross revenue\uff09- \u71df\u904b\u958b\u92b7\uff08Property operating expenses\uff09<\/b><\/span><\/p><p><span style=\"color: #0096ff;\"><b>\u7522\u696d\u6536\u76ca\u7387 = \u6de8\u7522\u696d\u6536\u5165\uff08Net Property Income, NPI\uff09 \u00f7 \u7522\u696d\u50f9\u503c\uff08Property Value\uff09<\/b><\/span><\/p><p>\u6de8\u7522\u696d\u6536\u5165\uff08Net Property Income, NPI\uff09\u5e6b\u52a9\u6211\u5011\u4e86\u89e3REIT\u5728\u67d0\u500b\u6642\u9593\u6bb5\uff08\u4e00\u5b63\u3001\u4e00\u5e74\uff09\u5230\u5e95\u8cfa\u4e86\u591a\u5c11\u9322\u3002<\/p><p><span style=\"font-weight: 400;\">REIT\u7684\u6838\u5fc3\u6536\u5165\u662f\u79df\u91d1\u6536\u5165\uff0c\u5176\u4ed6\u975e\u6838\u5fc3\u6536\u5165\u5247\u5305\u62ec\u4e86\u505c\u8eca\u8cbb\u6536\u5165\u3001\u5ee3\u544a\u6536\u5165\u3001\u51fa\u79df\u5834\u5730\u8cbb\u7528\u7b49\u7b49\uff0c\u52a0\u7e3d\u8d77\u4f86\u4fbf\u662fREIT\u7684\u71df\u696d\u984d\uff08Gross revenue\uff09\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u5c07REIT\u7684\u71df\u696d\u984d\uff0c\u6e1b\u53bb\u4e00\u5207\u71df\u904b\u958b\u92b7\uff08Property operating expenses\uff09\uff0c\u6bd4\u5982\u6c34\u96fb\u8cbb\u3001\u4fdd\u96aa\u8cbb\u3001\u7ba1\u7406\u8cbb\u3001\u7dad\u4fee\u4fdd\u990a\u8cbb\u7b49\u958b\u92b7\u5f8c\uff0c\u5c31\u80fd\u8a08\u7b97\u51faREIT\u7576\u5b63\u7684\u6de8\u7522\u696d\u6536\u5165NPI \u6709\u591a\u5c11\u3002<\/span><\/p><p><b>\u4e00\u822c\u4f86\u8aaa\uff0c\u6de8\u7522\u696d\u6536\u5165\u548c\u79df\u91d1\u6536\u5165\u7684\u8b8a\u5316\u5fc5\u9808\u5927\u81f4\u76f8\u540c\uff0c\u624d\u80fd\u8aaa\u660eREIT\u7684\u904b\u71df\u6548\u7387\u7dad\u6301\u5728\u5065\u5eb7\u6c34\u5e73\u3002\u6bd4\u5982\u8aaa\u9019\u4e00\u5b63\u79df\u91d1\u6536\u5165\u589e\u9577\u4e8620%\uff0c\u90a3\u9ebc\u6de8\u7522\u696d\u6536\u5165\u4e5f\u61c9\u8a72\u76f8\u61c9\u589e\u957720%\u3002\u5982\u679c\u589e\u9577\u5e45\u5ea6\u6709\u843d\u5dee\uff0c\u5c31\u5f97\u67e5\u770b\u9019\u4e00\u5b63\u7684\u958b\u92b7\u662f\u4e0d\u662f\u589e\u52a0\u4e86\u3002<\/b><\/p><p><span style=\"font-weight: 400;\">\u7576\u7136\uff0c\u6295\u8cc7\u8005\u4e0d\u9700\u8981\u8cbb\u5fc3\u601d\u8a08\u7b97\uff0c\u56e0\u70ba\u9019\u500b\u6578\u5b57\u6703\u53cd\u6620\u5728REIT\u7684\u640d\u76ca\u8868\uff08Income Statement\uff09\u3002<\/span><\/p><h6>\u00a0<\/h6><h6><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-13135 aligncenter\" src=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Income-Statement.png\" alt=\"Sunway REIT FY2021 Q2 Income Statement\" width=\"1868\" height=\"1240\" srcset=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Income-Statement.png 1868w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Income-Statement-300x199.png 300w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Income-Statement-1024x680.png 1024w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Income-Statement-768x510.png 768w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Income-Statement-1536x1020.png 1536w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Income-Statement-16x12.png 16w\" sizes=\"(max-width: 1868px) 100vw, 1868px\" \/><\/h6><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u4ee5Sunway REIT (5176) \u7684<a href=\"http:\/\/ir2.chartnexus.com\/sunwayreit\/docs\/qr\/Q2_2021.pdf\" target=\"_blank\" rel=\"noopener\">2021\u8ca1\u653f\u5e74\u7b2c\u4e8c\u5b63\u8ca1\u5831<\/a>\u70ba\u4f8b\u3002Sunway REIT\u7576\u5b63\u7684NPI\u662f\u5927\u7d046601\u842c\u4ee4\u5409\u3002<\/span><\/p><p><b>\u7522\u696d\u6536\u76ca\u7387\uff08Property Yield\uff09\u4e3b\u8981\u7528\u4f86\u8a55\u4f30REIT\u624b\u4e0a\u7684\u8cc7\u7522\uff0c\u80fd\u63db\u4f86\u591a\u5c11\u56de\u5831\uff0c\u548c\u6709\u6c92\u6709\u5584\u7528\u81ea\u5df1\u7684\u8cc7\u7522\u4f86\u300c\u9322\u6efe\u9322\u300d\u3002<\/b><\/p><p><span style=\"font-weight: 400;\">\u901a\u904e\u6bd4\u8f03REIT\u7684\u6de8\u7522\u696d\u6536\u5165\u548c\u7522\u696d\u50f9\u503c\uff0c\u6211\u5011\u53ef\u4ee5\u638c\u63e1\u6de8\u7522\u696d\u6536\u5165\u5728\u7522\u696d\u50f9\u503c\u7684\u6bd4\u91cd\u7a76\u7adf\u6709\u591a\u5c11\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u7522\u696d\u50f9\u503c\u6307\u7684\u662f\u622a\u81f3\u7d50\u8cec\u65e5\u7576\u5929\uff0cREIT\u624b\u4e0a\u7522\u696d\u7684\u5e02\u50f9\u6709\u591a\u5c11\u3002\u6211\u5011\u53ef\u4ee5\u5728\u8cc7\u7522\u8ca0\u50b5\u8868\u88e1\u627e\u5230\u9019\u500b\u6578\u5b57\u3002<\/span><\/p><p><b>\u7522\u696d\u6536\u76ca\u7387\u8d8a\u9ad8\uff0c\u4ee3\u8868REIT\u7684\u8cfa\u9322\u80fd\u529b\u8d8a\u5f37\uff0c\u80fd\u70ba\u6295\u8cc7\u8005\u5e36\u4f86\u7684\u56de\u5831\u4e5f\u5c31\u8d8a\u5438\u5f15\u3002<\/b><\/p><p><b>\u5982\u679cREIT\u7a7a\u6709\u9f90\u5927\u800c\u4e14\u73cd\u8cb4\u7684\u8cc7\u7522\uff0c\u537b\u6c92\u6709\u7372\u5f97\u76f8\u61c9\u7684\u7522\u696d\u6536\u76ca\u7387\u6216\u8005\u662f\u7522\u696d\u6536\u5165\uff0c\u7b49\u65bc\u6c92\u597d\u597d\u5229\u7528\u81ea\u5df1\u7684\u8cc7\u6e90\uff0c\u6216\u662fREIT\u7ba1\u7406\u8005\uff08Manager\uff09\u4e0d\u5584\u904b\u71dfREIT\u3002<\/b><\/p><h6>\u00a0<\/h6><h6><img decoding=\"async\" class=\"size-full wp-image-13136 aligncenter\" src=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-1.png\" alt=\"Sunway REIT FY2021 Q2 Balance Sheet 1\" width=\"1876\" height=\"1216\" srcset=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-1.png 1876w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-1-300x194.png 300w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-1-1024x664.png 1024w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-1-768x498.png 768w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-1-1536x996.png 1536w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-1-16x10.png 16w\" sizes=\"(max-width: 1876px) 100vw, 1876px\" \/><\/h6><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u540c\u6a23\u4ee5Sunway REIT\u7b2c2\u5b63\u8cc7\u7522\u8ca0\u50b5\u8868\u70ba\u4f8b\u3002\u628a\u6295\u8cc7\u7269\u696d\uff08Investment Properties\uff09\u548c\u6295\u8cc7\u7269\u696d \u2013 \u61c9\u8a08\u79df\u8cc3\u6536\u5165\uff08Investment properties &#8211; accrued lease income\uff09\u52a0\u8d77\u4f86\uff0c\u5c31\u80fd\u5f97\u5230\u7522\u696d\u50f9\u503c\u7684\u6578\u5b57\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u622a\u81f32020\u5e7412\u670831\u65e5\uff0cSunway REIT\u7684\u7522\u696d\u50f9\u503c\u70ba\u5927\u7d0485\u51046136\u842c\u4ee4\u5409\u3002<\/span><\/p><h6>\u00a0<\/h6><h6><img decoding=\"async\" class=\"size-full wp-image-13137 aligncenter\" src=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Investment-Properties.png\" alt=\"Sunway REIT FY2021 Q2 Investment Properties\" width=\"2000\" height=\"516\" srcset=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Investment-Properties.png 2000w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Investment-Properties-300x77.png 300w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Investment-Properties-1024x264.png 1024w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Investment-Properties-768x198.png 768w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Investment-Properties-1536x396.png 1536w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Investment-Properties-16x4.png 16w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/><\/h6><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u6709\u7684REIT\u6703\u76f4\u63a5\u5728\u8ca1\u5831\u88e1\u900f\u9732\u7522\u696d\u50f9\u503c\u7684\u6578\u5b57\uff08Total property value\uff09\uff0c\u6295\u8cc7\u8005\u4e0d\u9700\u8981\u81ea\u5df1\u8a08\u7b97\uff0cSunway REIT\u5c31\u662f\u5176\u4e2d\u4e00\u54e1\uff1b\u6709\u7684REIT\u5247\u4e0d\u6703\u5217\u51fa\u7522\u696d\u50f9\u503c\uff0c\u5f97\u6295\u8cc7\u8005\u81ea\u5df1\u6309\u7167\u4e0a\u9762\u63d0\u5230\u7684\u516c\u5f0f\u8a08\u7b97\u4e86\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u7522\u696d\u6536\u76ca\u7387\u4e5f\u53ef\u4ee5\u9023\u63a5\u5230\u51fa\u79df\u7387\/\u5165\u4f4f\u7387\uff08Occupancy Rate\uff09\u3002\u773e\u6240\u5468\u77e5\uff0cREIT\u7684\u4e3b\u8981\u6536\u5165\u4f86\u6e90\u662f\u79df\u91d1\uff0c\u56e0\u6b64\u51fa\u79df\u7387\u4e5f\u662f\u4f30\u8a08REIT\u80fd\u6709\u591a\u5c11\u7522\u696d\u6536\u76ca\u7387\u7684\u91cd\u8981\u6307\u6a19\uff01<\/span><\/p><p><span style=\"font-weight: 400;\">\u51fa\u79df\u7387\u9ad8\u4e5f\u4ee3\u8868\u5e02\u5834\u5c0d\u65bcREIT\u65d7\u4e0b\u7269\u696d\u7684\u9700\u6c42\u5f88\u5f37\u3002\u90a3\u9ebc\uff0c\u672a\u4f86REIT\u548c\u79df\u6236\u8ac7\u5224\u79df\u7d04\u548c\u6bcf\u6708\u79df\u91d1\u6642\uff0c\u4fbf\u64c1\u6709\u6bd4\u8f03\u5927\u7684\u8b70\u50f9\u80fd\u529b\uff0c\u53ef\u4ee5\u8981\u6c42\u6536\u53d6\u66f4\u9ad8\u7684\u79df\u91d1\uff0c\u5f9e\u800c\u7372\u5f97\u53ef\u89c0\u7684\u79df\u91d1\u6536\u5165\uff0c\u9032\u800c\u70ba\u80a1\u6771\u5275\u9020\u66f4\u9ad8\u56de\u916c\uff01<\/span><\/p><p><span style=\"font-weight: 400;\">\u6295\u8cc7\u8005\u53ef\u4ee5\u5728REIT\u7684\u8ca1\u5831\u6216\u8005\u5e74\u5831\u88e1\uff0c\u627e\u5230\u51fa\u79df\u7387\/\u5165\u4f4f\u7387\u7684\u6578\u5b57\u3002<\/span><\/p><h2><span style=\"color: #262262;\"><b>\u9084\u50b5\u6210\u672c Cost of Debt<\/b><\/span><\/h2><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u9084\u50b5\u6210\u672c\u4e3b\u8981\u7528\u4f86\u8a55\u4f30REIT\u7684\u5229\u606f\u958b\u92b7\u4f54\u7e3d\u501f\u6b3e\u591a\u5c11\u6bd4\u91cd\u3002<\/span><\/p><p>\u5b83\u7684\u8a08\u7b97\u516c\u5f0f\u662f\uff1a<\/p><p><span style=\"color: #0096ff;\"><b>\u9084\u50b5\u6210\u672c = \u5229\u606f\u958b\u92b7\uff08Interest Expense\uff09 \u00f7 \u7e3d\u501f\u6b3e\uff08Total Borrowings\uff09<\/b><\/span><\/p><p><b>\u9084\u50b5\u6210\u672c\u8d8a\u9ad8\uff0c\u4ee3\u8868REIT\u511f\u9084\u7684\u8cb8\u6b3e\u5229\u606f\uff0c\u548c\u9084\u50b5\u8ca0\u64d4\u8d8a\u6c89\u91cd\uff0c\u9019\u53ef\u80fd\u6703\u885d\u64ca\u5230REIT\u7684\u76c8\u5229\u80fd\u529b\u3002<\/b><\/p><p><span style=\"font-weight: 400;\">\u5f9e\u53e6\u4e00\u500b\u89d2\u5ea6\u770b\uff0c\u5982\u679cREIT\u7684\u8ca1\u52d9\u6c34\u5e73\u548c\u76c8\u5229\u80fd\u529b\u8db3\u5920\u5f37\u52c1\uff0c\u81ea\u7136\u6709\u80fd\u529b\u5411\u9280\u884c\u501f\u5f97\u4f4e\u606f\u8cb8\u6b3e\u3002\u8cb8\u6b3e\u7684\u5229\u606f\u8d8a\u4f4e\uff0cREIT\u672a\u4f86\u8981\u627f\u64d4\u7684\u9084\u50b5\u6210\u672c\u5c31\u8d8a\u4f4e\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u6240\u4ee5\uff0c\u6709\u90e8\u5206\u6295\u8cc7\u8005\u6703\u900f\u904e\u9084\u50b5\u6210\u672c\uff0c\u4f86\u8a55\u4f30REIT\u7684\u57fa\u672c\u9762\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u5982\u679c\u9084\u50b5\u6210\u672c\u8d8a\u5927\uff0cREIT\u7684\u73fe\u91d1\u6d41\u548c\u73fe\u91d1\u4e5f\u6703\u6bd4\u8f03\u5f31\uff0c\u9047\u5230\u7d93\u6fdf\u8870\u9000\u6642\uff0c\u6703\u9762\u81e8\u66f4\u9ad8\u98a8\u96aa\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u6709\u7684REIT\u6703\u5728\u5e74\u5831\u6216\u5b63\u5831\u516c\u5e03\u8a72\u8ca1\u653f\u5e74\u7684\u5e73\u5747\u9084\u50b5\u6210\u672c\uff08Average cost of debt %\uff09\uff0c\u6709\u7684\u5247\u4e0d\u6703\uff0c\u5f97\u624b\u52d5\u8a08\u7b97\u3002<\/span><\/p><h6>\u00a0<\/h6><h6><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13138 aligncenter\" src=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-5-Year-Financial-Track-Record.png\" alt=\"Sunway REIT 5 Year Financial Track Record\" width=\"1864\" height=\"592\" srcset=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-5-Year-Financial-Track-Record.png 1864w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-5-Year-Financial-Track-Record-300x95.png 300w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-5-Year-Financial-Track-Record-1024x325.png 1024w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-5-Year-Financial-Track-Record-768x244.png 768w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-5-Year-Financial-Track-Record-1536x488.png 1536w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-5-Year-Financial-Track-Record-16x5.png 16w\" sizes=\"(max-width: 1864px) 100vw, 1864px\" \/><\/h6><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">Sunway REIT\u7684<a href=\"http:\/\/ir2.chartnexus.com\/sunwayreit\/docs\/ar\/2020.pdf\" target=\"_blank\" rel=\"noopener\">2020\u5e74\u5e74\u5831<\/a>\u986f\u793a\uff0c\u8a72\u7522\u62582020\u8ca1\u653f\u5e74\u7684\u5e73\u5747\u9084\u50b5\u6210\u672c\u662f3.66%\uff0c\u662f\u8fd15\u5e74\u4ee5\u4f86\u6700\u4f4e\u6c34\u5e73\u3002<\/span><\/p><h2><span style=\"color: #262262;\"><b>\u5e02\u6de8\u7387 Price To Book Ratio<\/b><\/span><\/h2><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u5e02\u6de8\u7387\u8b93\u6211\u5011\u5feb\u901f\u8861\u91cf\u4e00\u9593REIT\u7684\u5e02\u503c\u548c\u8cec\u9762\u50f9\u503c (Book Value) \u7684\u6bd4\u4f8b\uff0c\u5f9e\u800c<\/span><b>\u4e86\u89e3REIT\u76ee\u524d\u7684\u80a1\u50f9\uff0c\u6703\u4e0d\u6703\u88ab\u9ad8\u4f30\u6216\u8005\u4f4e\u4f30\u3002<\/b><\/p><p>\u5e02\u6de8\u7387\u7684\u8a08\u7b97\u516c\u5f0f\u662f\uff1a<\/p><p><span style=\"color: #0096ff;\"><b>\u5e02\u6de8\u7387 = \u80a1\u50f9 \u00f7 \u6bcf\u55ae\u4f4d\u6de8\u8cc7\u7522\uff08Net Asset Value Per Unit, NAV\uff09<\/b><\/span><\/p><p><span style=\"font-weight: 400;\">\u6bcf\u55ae\u4f4d\u6de8\u8cc7\u7522 NAV\u4e00\u822c\u4e0a\u4ee3\u8868REIT\u7684\u8cec\u9762\u50f9\u503c\uff0c\u4e5f\u5c31\u662fREIT\u6bcf\u55ae\u4f4d\uff08\u6bcf\u80a1\uff09\u7684\u5be6\u969b\u50f9\u503c\u3002<\/span><\/p><p>\u6bcf\u55ae\u4f4d\u6de8\u8cc7\u7522\u7684\u8a08\u7b97\u65b9\u5f0f\u662f\uff1a<\/p><p><span style=\"color: #0096ff;\"><b>\u6bcf\u55ae\u4f4d\u6de8\u8cc7\u7522 =\uff08\u7e3d\u8cc7\u7522 \u2013 \u7e3d\u8ca0\u50b5\uff09 \u00f7 \u5df2\u767c\u884c\u80a1\u4efd<\/b><\/span><\/p><p><span style=\"font-weight: 400;\">\u4e00\u822c\u4f86\u8aaa\uff0c\u5982\u679c\u5e02\u6de8\u7387\u5927\u65bc1\uff0c\u8868\u793a\u5e02\u503c\u9ad8\u65bcNAV\uff08\u80a1\u50f9\u9ad8\u65bcNAV\uff09\uff0c\u7b49\u65bcREIT\u5df2\u7d93\u88ab\u9ad8\u4f30\uff0c\u80a1\u50f9\u504f\u8cb4\uff0c\u672a\u4f86\u80a1\u50f9\u6709\u53ef\u80fd\u6703\u56de\u8abf\uff1b<\/span><\/p><p><span style=\"font-weight: 400;\">\u5982\u679c\u5e02\u6de8\u7387\u5c0f\u65bc1\uff0c\u8868\u793a\u5e02\u503c\u4f4e\u65bcNAV\uff08\u80a1\u50f9\u4f4e\u65bcNAV\uff09\uff0c\u7b49\u65bcREIT\u80a1\u50f9\u76ee\u524d\u88ab\u4f4e\u4f30\uff0c\u672a\u4f86\u80a1\u50f9\u4e0a\u5347\u7a7a\u9593\u6bd4\u8f03\u5927\u3002<\/span><\/p><h2><span style=\"color: #262262;\"><b>\u8ca0\u50b5\u6b0a\u76ca\u6bd4\uff08Gearing Ratio\uff09<\/b><\/span><\/h2><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u8ca0\u50b5\u6b0a\u76ca\u6bd4\uff08\u53c8\u7a31\u8ca0\u50b5\u7387\uff0c\u82f1\u6587Gearing Ratio\uff09\u53cd\u6620\u4e86\u516c\u53f8\u7684\u8ca1\u52d9\u72c0\u6cc1\uff0c\u7a76\u7adf\u662f\u4f9d\u9760\u5167\u90e8\u8cc7\u91d1\u9084\u662f\u5916\u90e8\u7684\u8ca0\u50b5\u4f86\u904b\u71df\u3002<\/span><\/p><p>\u8ca0\u50b5\u6b0a\u76ca\u6bd4\u7684\u8a08\u7b97\u516c\u5f0f\u662f\uff1a<\/p><p><span style=\"color: #0096ff;\"><b>\u8ca0\u50b5\u6b0a\u76ca\u6bd4 = \u7e3d\u501f\u6b3e\uff08Total Borrowings\uff09\u00f7 \u7e3d\u8cc7\u7522\uff08Total Assets\uff09<\/b><\/span><\/p><p><span style=\"font-weight: 400;\">\u8ca0\u50b5\u6b0a\u76ca\u6bd4\u5c31\u50cf\u516c\u53f8\u7684\u8ca1\u52d9\u58d3\u529b\u8868\uff0c\u6bd4\u7387\u8d8a\u5927\uff0c\u8868\u793a\u516c\u53f8\u501f\u7684\u9322\u8d8a\u591a\uff0c\u627f\u53d7\u7684\u8ca1\u52d9\u58d3\u529b\u548c\u98a8\u96aa\u8d8a\u9ad8\uff0c\u672a\u4f86\u9700\u8981\u9084\u7684\u9322\u8d8a\u591a\u3002\u4e00\u65e6\u9047\u5230\u7d93\u6fdf\u98a8\u66b4\uff0c\u6216\u662f\u516c\u53f8\u751f\u610f\u66b4\u8dcc\uff0c\u6c92\u6709\u80fd\u529b\u511f\u9084\u8ca0\u50b5\uff0c\u96a8\u6642\u6709\u53ef\u80fd\u6703\u51fa\u552e\u8cc7\u7522\u4f86\u9084\u50b5\u3002<\/span><\/p><p><b>\u4e00\u822c\u800c\u8a00\uff0c\u8ca0\u50b5\u7387\u8d8a\u4f4e\u8d8a\u597d\uff0c\u9019\u53cd\u6620REIT\u7684\u8ca1\u52d9\u72c0\u6cc1\u826f\u597d\uff0c\u9047\u4e0a\u7d93\u6fdf\u98a8\u66b4\u6642\uff0c\u6bd4\u8f03\u6709\u80fd\u529b\u514b\u670d\u96e3\u95dc\u3002<\/b><\/p><p><span style=\"font-weight: 400;\">\u8003\u91cf\u5230\u75ab\u60c5\u56b4\u91cd\u885d\u64ca\u570b\u5167\u7d93\u6fdf\u548c\u96f6\u552e\u696d\u8868\u73fe\uff0c\u5927\u99ac\u8b49\u5238\u59d4\u54e1\u6703\uff08SC\uff09\u5728\u53bb\u5e748\u6708\uff0c\u5c07REIT\u7684\u8ca0\u50b5\u7387\u9802\u9650\uff0c<\/span><a href=\"https:\/\/www.sc.com.my\/resources\/media\/media-release\/sc-grants-m-reits-temporary-increase-in-gearing-limit\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u5f9e50%\u63d0\u9ad8\u523060%<\/span><\/a><span style=\"font-weight: 400;\">\uff0c\u76f4\u81f32022\u5e7412\u670831\u65e5\uff0c\u7d66\u4e88REIT\u7ba1\u7406\u5c64\u66f4\u5927\u9748\u6d3b\u5ea6\u53bb\u8abf\u914d\u8cc7\u91d1\u3002<\/span><\/p><h6>\u00a0<\/h6><h6><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13139 aligncenter\" src=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-2.png\" alt=\"Sunway REIT FY2021 Q2 Balance Sheet 2\" width=\"996\" height=\"1230\" srcset=\"https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-2.png 996w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-2-243x300.png 243w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-2-829x1024.png 829w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-2-768x948.png 768w, https:\/\/valueinmind.co\/wp-content\/uploads\/2021\/04\/Sunway-REIT-FY2021-Q2-Balance-Sheet-2-10x12.png 10w\" sizes=\"(max-width: 996px) 100vw, 996px\" \/><\/h6><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u622a\u81f32020\u5e7412\u670831\u65e5\uff0cSunway REIT\u7684\u8ca0\u50b5\u7387\u70ba37.43%\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u8a08\u7b97\u65b9\u5f0f\uff1a\u7e3d\u501f\u6b3e\u984d34\u51041765\u842c\u4ee4\u5409\uff0822\u5104\u4ee4\u5409 + 12\u51041765\u842c\u4ee4\u5409\uff09\uff0c\u9664\u4ee5\u7e3d\u8cc7\u752291\u51043178\u842c\u4ee4\u5409\u3002<\/span><\/p><h2><span style=\"color: #262262;\"><b>\u5206\u914d\u6536\u76ca\u7387 Distribution Yield<\/b><\/span><\/h2><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u6295\u8cc7\u8005\u9078\u64c7\u6295\u8cc7REIT\uff0c\u5e7e\u4e4e\u90fd\u662f\u885d\u8457REIT\u7684\u9ad8\u80a1\u606f\u800c\u53bb\u3002\u56e0\u6b64\uff0c\u5206\u914d\u6536\u76ca\u7387\uff08Distribution Yield\uff09\u662f\u6295\u8cc7\u8005\u91cd\u9ede\u95dc\u6ce8\u6307\u6a19\u4e4b\u4e00\u3002<\/span><\/p><p>\u5206\u914d\u6536\u76ca\u7387\uff08\u53c8\u7a31\u80a1\u606f\u7387\uff0c\u82f1\u6587 Distribution Yield\uff09\u7684\u8a08\u7b97\u516c\u5f0f\u662f\uff1a<\/p><p><span style=\"color: #0096ff;\"><b>\u5206\u914d\u6536\u76ca\u7387 = \u6bcf\u55ae\u4f4d\u5206\u914d\u6536\u76ca\uff08Distribution Per Unit, DPU\uff09\u00f7 \u80a1\u50f9<\/b><\/span><\/p><p><span style=\"font-weight: 400;\">\u57fa\u672c\u4e0a\u5206\u914d\u6536\u76ca\u7387\u548c\u6295\u8cc7\u80a1\u7968\u95dc\u6ce8\u7684\u80a1\u606f\u7387\uff08Dividend Yield\uff09\u5927\u540c\u5c0f\u7570\uff0c\u53ea\u662f\u8aaa\u6cd5\u6709\u6240\u4e0d\u540c\u3002REIT\u7684\u6d3e\u606f\u7a31\u70ba\u300c\u6536\u5165\u5206\u914d\u300d (Distributions) \u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u4e00\u822c\u800c\u8a00\uff0c\u5206\u914d\u6536\u76ca\u7387\u8d8a\u9ad8\uff0c\u4ee3\u8868REIT\u8d8a\u8cfa\u9322\uff0c\u6295\u8cc7\u8005\u7372\u5f97\u7684\u80a1\u606f\u56de\u5831\u8d8a\u9ad8\u3002<\/span><\/p><p><b>\u7531\u65bc\u591a\u6578REIT\u7684\u80a1\u50f9\u76f8\u5c0d\u7a69\u5b9a\uff0c\u5f88\u5c11\u6709\u5287\u70c8\u6ce2\u52d5\uff0c\u6295\u8cc7\u8005\u5f88\u96e3\u5f9e\u4e2d\u8cfa\u53d6\u53ef\u89c0\u7684\u5dee\u50f9\u3002\u56e0\u6b64\uff0c\u5206\u914d\u6536\u76ca\u7387\u5c31\u6210\u70ba\u4e86\u8861\u91cfREIT\u80fd\u5e36\u4f86\u591a\u5c11\u6295\u8cc7\u56de\u916c\u7684\u66ff\u4ee3\u6307\u6a19\u3002<\/b><\/p><h2><span style=\"color: #262262;\"><b>\u7d50\u8a9e<\/b><\/span><\/h2><h6>\u00a0<\/h6><p><span style=\"font-weight: 400;\">\u8981\u63d0\u9192\u7684\u662f\uff0c\u7522\u696d\u6536\u76ca\u7387\uff08Property Yield\uff09\u3001\u9084\u50b5\u6210\u672c\uff08Cost of debt\uff09\u3001\u5e02\u6de8\u7387\uff08Price To Book Ratio\uff09\u3001\u8ca0\u50b5\u6b0a\u76ca\u6bd4\uff08Gearing Ratio\uff09\u3001\u5206\u914d\u6536\u76ca\u7387\uff08Distribution Yield\uff09\u53ea\u662f\u5e02\u5834\u4e0d\u6703\u5ffd\u8996\u7684\u5206\u6790\u5de5\u5177\uff0c\u4e26\u4e0d\u662f\u50c5\u6709\u7684\u8a55\u4f30\u6307\u6a19\u3002<\/span><\/p><p><span style=\"font-weight: 400;\">\u5efa\u8b70\u6295\u8cc7\u8005\u9078\u64c7REIT\u6642\u7d0d\u5165\u5176\u4ed6\u8003\u91cf\uff0c\u6bd4\u5982REIT\u7684\u8cc7\u7522\u985e\u5225\u3001\u7269\u696d\u5730\u9ede\u7b49\u7b49\uff0c\u505a\u4e00\u500b\u66f4\u5168\u9762\u7684\u7814\u7a76\uff0c\u4e26\u4e14\u548c\u540c\u985e\u578bREIT\u9032\u884c\u6578\u64da\u6bd4\u8f03\u3002\u6bd4\u5982\u540c\u662f\u96f6\u552e\u696d\u7522\u6258\u7684IGB REIT\u548cPavilion REIT\uff0c\u53ef\u4ee5\u653e\u5728\u4e00\u8d77\u6bd4\u8f03\uff0c\u66f4\u5bb9\u6613\u770b\u51faREIT\u7684\u771f\u5be6\u8868\u73fe\u3002<\/span><\/p><h4><b><span style=\"text-decoration: underline;\"><a href=\"https:\/\/valueinmind.co\/zh\/free-resources\/free-publications\/financial-investment-4-tips\/\">\u5047\u5982\u4f60\u5c0d\u6295\u8cc7\u611f\u8208\u8da3\uff0c\u6211\u5011\u88fd\u4f5c\u4e86\u4e00\u4efd\u5168\u9762\u7684\u300c\u6700\u65b0\u6295\u8cc7\u5165\u9580\u653b\u7565\u300d\uff0c\u5411\u5927\u5bb6\u516c\u958b\u4f4e\u98a8\u96aa\uff0c\u5b89\u5168\u7684\u6295\u8cc7\u7b56\u7565<\/a><\/span>\u3002<\/b><\/h4><p>\u00a0<\/p><p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/efvS5P6yIF0\" width=\"560\" height=\"500\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0205a56 elementor-widget elementor-widget-text-editor\" data-id=\"0205a56\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">\u53e6\u5916\uff0c\u50f9\u503c\u601d\u7dad\u6bcf\u9031\u4e00\u90fd\u6703\u66f4\u65b0\u570b\u5167REIT\u7684\u8cc7\u6599\u5eab\uff0c\u6b61\u8fce\u4f60<\/span><a href=\"https:\/\/valueinmind.co\/m-reit-data\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u9ede\u9032\u53bb<\/span><\/a><span style=\"font-weight: 400;\">\u67e5\u95b1REIT\u7684\u5404\u500b\u4e3b\u8981\u6578\u64da\uff01<\/span><\/p><pre><b>\u3010\u5ef6\u4f38\u95b1\u8b80\u3011<\/b><\/pre><p><span style=\"font-weight: 400;\">1. <a href=\"https:\/\/valueinmind.co\/zh\/blog\/what-is-real-estate-investment-trust-reits\/\" target=\"_blank\" rel=\"noopener\">3\u5206\u9418\u770b\u61c2REITs\u623f\u5730\u7522\u4fe1\u8a17\u57fa\u91d1\uff5c\u7522\u6258\u5165\u9580\u7cfb\u5217(\u4e00)<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">2. <a href=\"https:\/\/valueinmind.co\/zh\/blog\/what-is-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\">\u6295\u8cc7\u52a0\u5bc6\u8ca8\u5e63\u771f\u7684\u90a3\u9ebc\u597d\u8cfa\uff1f\u8a8d\u8b58\u52a0\u5bc6\u8ca8\u5e63\u3001\u6295\u8cc7\u98a8\u96aa\u3001\u5982\u4f55\u8cfc\u8cb7\u6bd4\u7279\u5e63<\/a><\/span><\/p><p><span style=\"font-weight: 400;\">3. <a href=\"https:\/\/valueinmind.co\/blog\/revenue-growth-rate\/\" target=\"_blank\" rel=\"noopener\">\u71df\u6536\u6210\u9577\u7387\u662f\u4ec0\u9ebc\uff1f\u5f9e\u71df\u6536\u6210\u9577\u7387\u770b\u51fa\u4f01\u696d\u7372\u5229\u6210\u9577\u7684\u597d\u58de\u00a0<\/a><\/span><\/p><h2><span style=\"color: #262262;\"><b>\u514d\u8cac\u8072\u660e<\/b><\/span><\/h2><h6><span style=\"font-weight: 400;\">\u00a0<\/span><\/h6><p><span style=\"font-weight: 400;\">\u6b64\u6587\u7ae0\u5167\u5bb9\u50c5\u4f5c\u70ba\u6559\u5b78\u3001\u5206\u4eab\u53ca\u53c3\u8003\u7684\u7528\u9014\uff0c\u800c\u975e\u5c08\u696d\u7684\u6295\u8cc7\u5efa\u8b70\u3002\u7531\u65bc\u500b\u4eba\u7684\u60c5\u6cc1\u53ca\u9700\u6c42\u4e0d\u540c\uff0c\u4f60\u53ef\u4ee5\u806f\u7e6b\u50f9\u503c\u601d\u7dad\u6216\u54a8\u8a62\u4f60\u7684\u7406\u8ca1\u898f\u5283\u5e2b\u4ee5\u53d6\u5f97\u5c08\u696d\u7684\u5efa\u8b70\u3002<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>\u5927\u591a\u6578\u8cfa\u9322\u6295\u8cc7\u8005\u90fd\u5728\u4f7f\u7528\u7684REITs\u6295\u8cc75\u5927\u6307\u6a19\uff0c\u60f3\u6536\u80a1\u606f\u5c31\u770b\u9019\u7bc7\uff01\u70ba\u4f60\u8b1b\u89e35\u5927\u6307\u6a19\u662f\u4ec0\u9ebc\u3001\u6578\u5b57\u53cd\u6620\u4ec0\u9ebc\u8a0a\u606f\uff0c\u4ee5\u53ca\u5982\u4f55\u9748\u6d3b\u904b\u7528\u9019\u4e9b\u6307\u6a19\u6311\u9078REITs\uff01<\/p>\n","protected":false},"author":2,"featured_media":13143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[667],"tags":[387,639],"_links":{"self":[{"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/posts\/13132"}],"collection":[{"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/comments?post=13132"}],"version-history":[{"count":0,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/posts\/13132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/media\/13143"}],"wp:attachment":[{"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/media?parent=13132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/categories?post=13132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/valueinmind.co\/zh\/wp-json\/wp\/v2\/tags?post=13132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}