First publicly listed REIT in Anhui emerges as a top performer
The China Asset Hefei High-tech REIT, the first publicly listed real estate investment trust in East China's Anhui province, has emerged as a top performer in the industry, just one year after its listing on the Shenzhen Stock Exchange.
REITs are companies that own or finance income-producing real estate across various property sectors.
The China Asset Hefei High-tech REIT is a boutique REIT launched by Hefei STIP Co Ltd, CITIC Securities and China Asset Management. With a strong cash flow generation, it has distributed 58.15 million yuan ($7.96 million) in dividends to shareholders to date.
The REIT is said to have maintained high rental occupancy rates and stable rental prices, outperforming projected values.
Liu Jinghu, the fund manager of the China Asset Hefei High-tech REIT, said that only industrial parks with stable operations and promising futures can be recognized by investors and favored by the market.
Liu added that the REIT's team was paying great attention to the stability of operations, from basic property services to industrial content services, financial matchmaking services and various other improvements to enhance tenant satisfaction and loyalty.
It's also expanded its government investment resources through multiple channels to attract new customers.
Moving forwards, Hefei STIP Co Ltd plans to expand the project, which is currently one of the top issues of concern of investors.