{"id":447482,"date":"2022-12-19T22:07:14","date_gmt":"2022-12-20T06:07:14","guid":{"rendered":"https:\/\/nai500.com\/blog\/2022\/12\/reits%e5%92%8c%e8%82%a1%e7%a5%a8%e7%a9%b6%e7%ab%9f%e8%b0%81%e7%9a%84%e6%94%b6%e7%9b%8a%e6%9b%b4%e9%ab%98%ef%bc%9f%e7%9c%9f%e5%ae%9e%e6%95%b0%e6%8d%ae\/"},"modified":"2022-12-19T22:07:29","modified_gmt":"2022-12-20T06:07:29","slug":"reits%e5%92%8c%e8%82%a1%e7%a5%a8%e7%a9%b6%e7%ab%9f%e8%aa%b0%e7%9a%84%e6%94%b6%e7%9b%8a%e6%9b%b4%e9%ab%98%ef%bc%9f%e7%9c%9f%e5%af%a6%e6%95%b8%e6%93%9a","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2022\/12\/reits%e5%92%8c%e8%82%a1%e7%a5%a8%e7%a9%b6%e7%ab%9f%e8%aa%b0%e7%9a%84%e6%94%b6%e7%9b%8a%e6%9b%b4%e9%ab%98%ef%bc%9f%e7%9c%9f%e5%af%a6%e6%95%b8%e6%93%9a\/","title":{"rendered":"REITs\u548c\u80a1\u7968\u7a76\u7adf\u8ab0\u7684\u6536\u76ca\u66f4\u9ad8\uff1f\u771f\u5be6\u6578\u64da\u53ef\u80fd\u6703\u8b93\u4f60\u5927\u5403\u4e00\u9a5a"},"content":{"rendered":"<p>\u9577\u671f\u6295\u8cc7\u80a1\u7968\u548c\u623f\u5730\u7522\u8ab0\u7684\u6536\u76ca\u66f4\u9ad8\uff1f\u9019\u500b\u554f\u984c\u4e00\u76f4\u4ee5\u4f86\u6295\u8cc7\u754c\u90fd\u722d\u8ad6\u4e0d\u4f11\u3002\u5f88\u591a\u6295\u8cc7\u8005\u76f8\u4fe1\uff0c\u9577\u671f\u4f86\u770b\u6295\u8cc7\u80a1\u7968\u7684\u6536\u76ca\u6f5b\u529b\u6700\u597d\u3002\u7136\u800c\uff0c\u6578\u64da\u537b\u7d66\u51fa\u4e86\u76f8\u53cd\u7684\u7d50\u8ad6\u3002<\/p>\n<p>\u4ee5\u4e0b\u662f\u80a1\u7968\u548c\u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u9577\u671f\u7684\u8868\u73fe\u3002<\/p>\n<h2>\u95dc\u9375\u7d50\u8ad6\uff1a<\/h2>\n<ul>\n<li>\u7121\u8ad6\u662f20-50\u5e74\u7684\u6642\u9593\u9031\u671f\u5167\u9084\u662f\u5728\u6700\u8fd1\u76842021\u5e74\uff0cREITs\u90fd\u8dd1\u8d0f\u4e86\u80a1\u5e02\u3002<\/li>\n<li>\u591a\u6578REITs\u7684\u6ce2\u52d5\u6027\u90fd\u4f4e\u65bc\u6a19\u666e500\u6307\u6578\uff0c\u6709\u4e9b\u6ce2\u52d5\u7387\u53ea\u6709\u5e02\u5834\u7684\u4e00\u534a\u3002<\/li>\n<li>\u81ea\u52a9\u5bc4\u5b58REIT\u7684\u6536\u76ca\u7387\u6700\u9ad8\uff0c1994\u5e74\u81f32021\u5e74\u671f\u9593\u7684\u5e74\u5316\u6536\u76ca\u7387\u905418.8%\u3002<\/li>\n<li>2012\u5e74\u548c2015\u5e74\u4ee5\u4f86\uff0c\u57fa\u790e\u8a2d\u65bd\u548c\u6578\u64da\u4e2d\u5fc3REITs\u5747\u8dd1\u8d0f\u6a19\u666e500\u6307\u6578\u3002<\/li>\n<\/ul>\n<h2>\u6316\u6398\u6b77\u53f2\u6578\u64da\uff1aREITs vs. \u80a1\u7968<\/h2>\n<p>1972\u5e74\u4ee5\u4f86\uff0c\u5168\u570b\u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u5354\u6703\uff08NAREIT\uff09\u5c31\u4e00\u76f4\u5728\u8ddf\u8e64REIT\u677f\u584a\u7684\u6b77\u53f2\u6536\u76ca\u7387\u6578\u64da\u4e26\u70ba\u6b64\u7de8\u5236\u4e86\u591a\u500b\u6307\u6578\uff0c\u5176\u4e2d\u5c31\u5305\u62ecFTSE Nareit All Equity REITs Index\u3002\u8a72\u6307\u6578\u5305\u62ec\u6240\u670912\u500b\u80a1\u7968\u578bREIT\u5b50\u677f\u584a\uff08\u5305\u62ec\u88ab\u6b78\u985e\u70ba\u91d1\u878d\u516c\u53f8\u7684\u623f\u5730\u7522\u62b5\u62bc\u8cb8\u6b3eREITs\uff09\u3002<\/p>\n<p>\u4ee5\u4e0b\u662f\u904e\u53bb\u8a72\u6307\u6578\u8207\u80a1\u5e02\u5e73\u5747\u6536\u76ca\u7387\uff08\u6a19\u666e500\u6307\u6578\u7684\u7e3d\u6536\u76ca\u7387\uff09\u4e4b\u9593\u7684\u6bd4\u8f03\uff1a<\/p>\n<table width=\"550\">\n<thead>\n<tr>\n<td>\u6642\u9593\u9031\u671f<\/td>\n<td>\u6a19\u666e500\u6307\u6578\uff08\u7e3d\u7684\u5e74\u6536\u76ca\u7387\uff09<\/td>\n<td>FTSE NAREIT ALL EQUITY REITS\uff08\u7e3d\u7684\u5e74\u6536\u76ca\u7387\uff09<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1972-2021\u5e74<\/td>\n<td>10.7%<\/td>\n<td>11.9%<\/td>\n<\/tr>\n<tr>\n<td>\u904e\u53bb25\u5e74<\/td>\n<td>10.2%<\/td>\n<td>11.5%<\/td>\n<\/tr>\n<tr>\n<td>\u904e\u53bb20\u5e74<\/td>\n<td>9.5%<\/td>\n<td>12.7%<\/td>\n<\/tr>\n<tr>\n<td>\u904e\u53bb10\u5e74<\/td>\n<td>16.5%<\/td>\n<td>12.9%<\/td>\n<\/tr>\n<tr>\n<td>\u904e\u53bb5\u5e74<\/td>\n<td>18.5%<\/td>\n<td>13.5%<\/td>\n<\/tr>\n<tr>\n<td>\u904e\u53bb1\u5e74(2021\u5e74)<\/td>\n<td>28.7%<\/td>\n<td>39.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u53ef\u4ee5\u770b\u51fa\uff0cREITs\u5728\u904e\u53bb20\u5e74\u300125\u5e74\u4ee5\u53ca50\u5e74\u7684\u6642\u671f\u5167\u8dd1\u8d0f\u4e86\u6a19\u666e500\u6307\u6578\uff0c\u540c\u6642\u57282021\u5e74\u4e5f\u8dd1\u8d0f\u80a1\u5e02\u3002\u800c\u6700\u8fd15\u5e74\u548c10\u5e74\uff0c\u80a1\u5e02\u7684\u6536\u76ca\u7387\u8981\u6bd4REITs\u66f4\u9ad8\u3002\u7d50\u8ad6\u5c31\u662f\uff0c\u6578\u64da\u986f\u793aREITs\u9577\u671f\u8dd1\u8d0f\u4e86\u80a1\u5e02\u3002<\/p>\n<h2>REIT\u6536\u76ca\u7684\u9a45\u52d5\u529b\uff1a\u80a1\u606f<\/h2>\n<p>Morningstar\u548cHartford Funds\u7684\u6578\u64da\u986f\u793a\uff0c1930\u5e74\u4ee5\u4f86\uff0c\u6a19\u666e500\u6307\u6578\u7e3d\u6536\u76ca\u7387\u7576\u4e2d\u768440%\u90fd\u4f86\u81ea\u80a1\u606f\u6536\u5165\u3002Ned Davis Research\u548cHartford Funds\u9032\u4e00\u6b65\u6316\u6398\u80a1\u606f\u548c\u6536\u76ca\u7387\u6578\u64da\u5f8c\u9084\u767c\u73fe\uff0c\u6a19\u666e500\u6307\u6578\u6210\u5206\u80a1\u7576\u4e2d\uff0c\u6d3e\u606f\u80a11973\u5e74\u4ee5\u4f86\u7684\u5e74\u5747\u7e3d\u6536\u76ca\u7387\u70ba9.6%\uff0c\u800c\u975e\u6d3e\u606f\u80a1\u7684\u6536\u76ca\u7387\u53ea\u67094.8%\uff0c\u80a1\u606f\u6210\u9577\u80a1\u7684\u6536\u76ca\u7387\u70ba9.6%\uff0c\u80a1\u606f\u653f\u7b56\u4e0d\u8b8a\u7684\u6536\u76ca\u7387\u70ba7.1%\uff0c\u800c\u524a\u6e1b\u548c\u53d6\u6d88\u6d3e\u606f\u7684\u6536\u76ca\u7387\u6700\u5dee\uff08\u8ca0\u76840.5%\uff09\u3002<\/p>\n<p>\u80a1\u606f\u5c0dREIT\u6536\u76ca\u7387\u7684\u5f71\u97ff\u66f4\u5927\u3002Nareit\u7684\u6578\u64da\u986f\u793a\uff0cREITs\u7e3d\u6536\u76ca\u7684\u5927\u7d04\u4e00\u534a\u4f86\u81ea\u80a1\u606f\u3002\u6a19\u666e500\u6307\u6578\u6210\u5206\u80a1\u7576\u4e2d\uff0c3\u53eaREITs\u5c6c\uffff\u80a1\u606f\u8cb4\u65cf\uff08\u9023\u7e8c25\u5e74\u4e0a\u8abf\u80a1\u606f\uff09\uff0c\u53e6\u6709\u5341\u591a\u96bbREITs\u5c6c\uffff\u80a1\u606f\u6210\u5c31\u8005\uff08\u9023\u7e8c10\u5e74\u4e0a\u8abf\u80a1\u606f\uff09\u3002<\/p>\n<h2>REITs\u7684\u6ce2\u52d5\u6027\u66f4\u4f4e<\/h2>\n<p>\u6d3e\u606f\u80a1\u7684\u6ce2\u52d5\u6027\u4f4e\u65bc\u80a1\u5e02\u3002Hartford Funds\u548cNed Davis Research\u7684\u6578\u64da\u986f\u793a\uff0c\u6d3e\u606f\u80a1\u7684\u8c9d\u5854\u4fc2\u6578\u70ba0.94\uff0c\u4f4e\u65bc\u6a19\u666e500\u6307\u6578\u4ee5\u53ca\u975e\u6d3e\u606f\u80a1\u76841.18\uff0c\u80a1\u606f\u6210\u9577\u80a1\u7684\u8c9d\u5854\u4fc2\u6578\u66f4\u662f\u4f4e\u81f30.88\u3002\u6a19\u666e500\u6307\u6578\u768418\u53eaREITs\u7576\u4e2d\uff0c17\u53ea\u500b\u80a1\u7684\u8c9d\u5854\u4fc2\u6578\u5c0f\u65bc1.0\u3002\u6bd4\u5982\u8aaa\uff0c<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=O\">Realty Income Corp\uff08NYSE:O\uff09<\/a>\u548cPublic Storage\uff08NYSE:PSA\uff09\u7684\u8c9d\u5854\u4fc2\u6578\u70ba0.5\u6216\u66f4\u4f4e\u3002<\/p>\n<h2>REIT\u5b50\u677f\u584a\u7576\u4e2d\u8ab0\u7684\u8868\u73fe\u6700\u597d\uff1f<\/h2>\n<p>\u4ee5\u4e0b\u662f\u5404\u500b\u985e\u578b\u7684REIT\u7684\u8868\u73fe\u60c5\u6cc1\uff1a<\/p>\n<table width=\"543\">\n<thead>\n<tr>\n<td>REIT\u5b50\u677f\u584a<\/td>\n<td>\u5e74\u5747\u7e3d\u6536\u76ca\u7387\uff081994-2021\u5e74\uff09<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u81ea\u52a9\u5bc4\u5b58<\/td>\n<td>18.8%<\/td>\n<\/tr>\n<tr>\n<td>\u5de5\u696d<\/td>\n<td>15.8%<\/td>\n<\/tr>\n<tr>\n<td>\u4f4f\u5b85<\/td>\n<td>14.4%<\/td>\n<\/tr>\n<tr>\n<td>\u91ab\u7642<\/td>\n<td>12.7%<\/td>\n<\/tr>\n<tr>\n<td>\u8fa6\u516c<\/td>\n<td>12.1%<\/td>\n<\/tr>\n<tr>\n<td>\u96f6\u552e<\/td>\n<td>12.1%<\/td>\n<\/tr>\n<tr>\n<td>\u591a\u5143\u7d93\u71df<\/td>\n<td>9.3%<\/td>\n<\/tr>\n<tr>\n<td>\u4f4f\u5bbf\/\u5ea6\u5047\u6751<\/td>\n<td>9.3%<\/td>\n<\/tr>\n<tr>\n<td>\u6a19\u666e500\u6307\u6578<\/td>\n<td>10.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u5982\u8868\u6240\u793a\uff0c\u7d55\u5927\u591a\u6578\u985e\u578b\u7684REIT 1994\u5e74\u4ee5\u4f86\u7684\u6536\u76ca\u7387\u5747\u8dd1\u8d0f\u6a19\u666e500\u6307\u6578\uff0c\u5176\u4e2d\u81ea\u52a9\u5bc4\u5b58REITs\u5c45\u9996\uff0c2021\u5e74\u7684\u7e3d\u6536\u76ca\u7387\u66f4\u662f\u63a5\u8fd180%\u3002\u4f5c\u70ba\u4e00\u7a2e\u8cc7\u7522\u985e\u5225\uff0c\u81ea\u52a9\u5bc4\u5b58\u623f\u5730\u7522\u6de8\u71df\u696d\u5229\u6f642000\u5e74\u4ee5\u4f86\u7684\u8907\u5408\u589e\u9577\u7387\u6700\u9ad8\uff084.8%\uff09\uff0c\u9ad8\u65bc\u5de5\u696d\uff082.3%\uff09\u3001\u591a\u6236\u4f4f\u5b85\uff082.4%\uff09\u4ee5\u53ca\u8fa6\u516c\uff081.6%\uff09\u3002<\/p>\n<p>\u53e6\u4e00\u500b\u503c\u5f97\u95dc\u6ce8\u7684REIT\u5b50\u677f\u584a\u662f\u5de5\u696dREITs\u3002\u5f97\u76ca\u4e8e\u96fb\u5546\u7684\u5d1b\u8d77\uff0c\u5206\u92b7\u4e2d\u5fc3\u4ee5\u53ca\u5009\u5eab\u7684\u5f37\u52c1\u9700\u6c42\u9a45\u52d5\u5de5\u696dREITs\uff0c\u5c24\u5176\u662f\u805a\u7126\u65bc\u7269\u6d41\u623f\u5730\u7522\u7684REITs\u5be6\u73fe\u4e86\u5feb\u901f\u64f4\u5f35\u3002\u6b64\u5916\uff0c\u4f4f\u5b85REITs\u904e\u53bb\u5e7e\u5e74\u7684\u8868\u73fe\u4e5f\u5f88\u51fa\u773e\u3002<\/p>\n<p>\u6700\u5f8c\uff0cNareit\u6700\u8fd1\u65b0\u6dfb\u4e864\u7a2e\u8ddf\u8e64\u623f\u5730\u7522\u985e\u578b\uff0c\u4ee5\u4e0b\u662f\u9019\u4e9bREIT\u5b50\u677f\u584a\u6210\u7acb\u4ee5\u4f86\u7684\u8868\u73fe\u60c5\u6cc1\uff1a<\/p>\n<table width=\"550\">\n<thead>\n<tr>\n<td>REIT\u5b50\u677f\u584a<\/td>\n<td>\u8ddf\u8e64\u8d77\u59cb\u5e74\u4efd<\/td>\n<td>\u7e3d\u6536\u76ca\u7387<\/td>\n<td>\u6a19\u666e500\u6307\u6578<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u57fa\u790e\u8a2d\u65bd<\/td>\n<td>2012<\/td>\n<td>19.5%<\/td>\n<td>16.5%<\/td>\n<\/tr>\n<tr>\n<td>\u6578\u64da\u4e2d\u5fc3<\/td>\n<td>2015<\/td>\n<td>19.0%<\/td>\n<td>14.9%<\/td>\n<\/tr>\n<tr>\n<td>\u7279\u7a2e\u7d93\u71df<\/td>\n<td>2015<\/td>\n<td>12.7%<\/td>\n<td>14.9%<\/td>\n<\/tr>\n<tr>\n<td>\u6728\u6750<\/td>\n<td>2011<\/td>\n<td>12.1%<\/td>\n<td>15.2%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u9577\u671f\u6295\u8cc7\u80a1\u7968\u548c\u623f\u5730\u7522\u8ab0\u7684\u6536\u76ca\u66f4\u9ad8\uff1f\u9019\u500b\u554f\u984c\u4e00\u76f4\u4ee5\u4f86\u6295\u8cc7\u754c\u90fd\u722d\u8ad6\u4e0d\u4f11\u3002\u5f88\u591a\u6295\u8cc7\u8005\u76f8\u4fe1\uff0c\u9577\u671f\u4f86\u770b\u6295\u8cc7\u80a1\u7968\u7684\u6536\u76ca\u6f5b\u529b [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":432877,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[2126,572,674,1860],"class_list":{"0":"post-447482","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-1522","8":"category-trends-strategies-zh-hant","9":"tag--zh-hant","10":"tag-572","11":"tag-674","13":"sectors-real-estate-zh-hant","14":"locations-us-zh-hant","15":"exchange-nasdaq-zh-hant","16":"exchange-nyse-zh-hant"},"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/447482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=447482"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/447482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/432877"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=447482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=447482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=447482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}