Xinhua News Agency｜REITs on the SSE Achieved 35% Year-On-Year Revenue Growth in 2024

Translated from Xinhua News Agency

The reporter learned from the SSE on April 15 that 33 infrastructure real estate investment trusts (REITs) on the SSE have recently completed their annual report disclosures for 2024. Reports indicate stable and progressive operating performance and significant improvements in investment returns.

REITs are an important means of achieving real estate securitization. Infrastructure REITs help direct various resources toward the infrastructure sector and revitalize existing infrastructure assets.

According to annual reports, the 33 REITs on the SSE generated a total revenue of 8.5 billion yuan in 2024, reflecting a 35% increase compared to the previous year.

The operating results from the government-subsidized rental housing segment were particularly noteworthy, with four government-subsidized rental housing REITs reporting overall revenues of 410 million yuan. The occupancy rate of the government-subsidized rental housing, the underlying asset, averaged 95%, while rental prices remained stable at favorable levels.

Consumption policies have contributed to unleashing market potential, as evidenced by the rising sales and foot traffic for four consumer-focused REITs, all of which reported occupancy rates exceeding 95% at the end of the reporting period. Other sectors, including warehousing and logistics, industrial parks, and energy-related REITs, also demonstrated strong performance.

Annual reports indicate that in 2024, the REITs on SSE conducted a total of 64 dividend distributions, with actual distribution amounts reaching nearly 6 billion yuan, an increase of 32% year-on-year.

Last November, the SSE issued guidelines for annual reports for REITs, further refining the disclosure rules for infrastructure REITs. The SSE noted that for this first annual report disclosure of REITs following the release of the new guidelines, the standardization, pertinence, and effectiveness of the disclosed annual report information had significantly improved.

The above information is provided for reference purposes only and does not constitute investment advice.