{"id":464325,"date":"2023-06-19T00:29:17","date_gmt":"2023-06-19T07:29:17","guid":{"rendered":"https:\/\/nai500.com\/blog\/2023\/06\/2023%e5%b9%b4%e7%be%8e%e8%82%a1-%e7%b2%be%e9%80%899%e5%8f%aa%e6%9c%80%e5%a5%bd%e7%9a%84%e7%be%8e%e5%9b%bdreits\/"},"modified":"2023-06-19T00:29:31","modified_gmt":"2023-06-19T07:29:31","slug":"2023%e5%b9%b4%e7%be%8e%e8%82%a1-%e7%b2%be%e9%81%b89%e5%8f%aa%e6%9c%80%e5%a5%bd%e7%9a%84%e7%be%8e%e5%9c%8breits","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2023\/06\/2023%e5%b9%b4%e7%be%8e%e8%82%a1-%e7%b2%be%e9%81%b89%e5%8f%aa%e6%9c%80%e5%a5%bd%e7%9a%84%e7%be%8e%e5%9c%8breits\/","title":{"rendered":"\u6398\u91d12023\u5e74\u7f8e\u80a1\uff1a\u7cbe\u90789\u53ea\u6700\u597d\u7684\u7f8e\u570bREITs"},"content":{"rendered":"

\u623f\u5730\u7522\u6295\u8cc7\u597d\u8655\u591a\u591a\uff0c\u53ef\u4ee5\u70ba\u4f60\u8cfa\u53d6\u6536\u76ca\uff0c\u5275\u9020\u73fe\u91d1\u6d41\uff0c\u62b5\u79a6\u901a\u8139\u4ee5\u53ca\u5206\u6563\u6295\u8cc7\u7d44\u5408\u3002\u4f46\u662f\uff0c\u5c0d\u65bc\u500b\u4eba\u6295\u8cc7\u8005\u4f86\u8aaa\uff0c\u8cfc\u8cb7\u5be6\u7269\u623f\u5730\u7522\u6210\u672c\u9ad8\u6602\uff0c\u624b\u7e8c\u7e41\u7463\u4e14\u98a8\u96aa\u5f88\u9ad8\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u591a\u5143\u5316\u7684\u623f\u5730\u7522\u6295\u8cc7\u4fe1\u8a17\u57fa\u91d1\uff08REITs\uff09\u662f\u4e00\u500b\u5f88\u597d\u7684\u66ff\u4ee3\u3002REITs\u662f\u6301\u6709\u5927\u91cf\u623f\u5730\u7522\u7684\u4e0a\u5e02\u516c\u53f8\uff0c\u5f88\u591a\u90fd\u6d3e\u767c\u8c50\u539a\u7684\u80a1\u606f\uff0c\u53e6\u5916\u9084\u6709\u4f4f\u5b85\u3001\u5546\u696d\u4ee5\u53ca\u5c08\u696d\u623f\u5730\u7522\u7b49\u591a\u7a2e\u985e\u578b\u7684REITs\u4f9b\u4f60\u9078\u64c7\u3002<\/p>\n

\u6309\u7167Morningstar\u5206\u6790\u5e2b\u7684\u770b\u6cd5\uff0c\u4e0b\u9762\u90199\u53ea\u6700\u597d\u7684\u7f8e\u570bREITs\u503c\u5f97\u8cb7\u5165\uff1a<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
REIT<\/td>\n\u9060\u671f\u80a1\u606f\u7387<\/td>\n\u76f8\u8f036\u670815\u65e5\u7684\u96b1\u542b\u80a1\u50f9\u6f32\u5e45<\/td>\n<\/tr>\n
American Tower Corp. (ticker:\u00a0AMT)<\/td>\n3.3%<\/td>\n15.8%<\/td>\n<\/tr>\n
Public Storage (PSA)<\/td>\n4.2%<\/td>\n13.3%<\/td>\n<\/tr>\n
Crown Castle Inc. (CCI)<\/td>\n5.5%<\/td>\n19.8%<\/td>\n<\/tr>\n
Simon Property Group Inc. (SPG)<\/td>\n6.7%<\/td>\n35.2%<\/td>\n<\/tr>\n
Realty Income Corp. (O)<\/td>\n5.0%<\/td>\n24.1%<\/td>\n<\/tr>\n
Welltower Inc. (WELL)<\/td>\n3.0%<\/td>\n22.3%<\/td>\n<\/tr>\n
Digital Realty Trust Inc. (DLR)<\/td>\n4.6%<\/td>\n28.1%<\/td>\n<\/tr>\n
AvalonBay Communities Inc. (AVB)<\/td>\n3.5%<\/td>\n26.5%<\/td>\n<\/tr>\n
Equity Residential (EQR)<\/td>\n4.0%<\/td>\n32.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u7f8e\u570bREITs 1\uff1aAmerican Tower<\/h2>\n

\u5206\u6790\u5e2bMatthew Dolgin\u8868\u793a\uff0c2023\u5e74\u521d\uff0c\u5168\u7403\u6700\u5927\u7684\u7121\u7dda\u901a\u4fe1\u548c\u5ee3\u64ad\u5854\u904b\u71df\u5546American Tower Corp\uff08NYSE:AMT\uff09<\/a>\u7684\u7f8e\u570b\u696d\u52d9\u8868\u73fe\u5c24\u70ba\u5f37\u52c1\u3002\u8a72\u516c\u53f8\u5831\u544a\u4e00\u5b63\u5ea6\u5408\u4f75\u5167\u751f\u5854\u5275\u6536\u984d\u589e\u901f\u52752017\u5e74\u4ee5\u4f86\u7684\u6700\u9ad8\uff0c\u5229\u6f64\u7387\u4e5f\u5728\u64f4\u5f35\u3002\u6b64\u5916\uff0cAmerican Tower\u7684\u5168\u7403\u591a\u5143\u5316\u6230\u7565\u8b93\u5b83\u8207\u5176\u4ed6\u7f8e\u570b\u516c\u53f8\u5be6\u73fe\u4e86\u5dee\u7570\u5316\u7af6\u722d\u3002Morningstar\u7d66\u4e88AMT\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca225\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e194.27\u7f8e\u5143\u3002<\/p>\n

\u7f8e\u570bREITs 2\uff1aPublic Storage<\/h2>\n

\u5206\u6790\u5e2bSuryansh Sharma\u8868\u793a\uff0c\u7f8e\u570b\u6700\u5927\u7684\u81ea\u52a9\u5f0f\u5009\u5132\u8a2d\u65bd\u516c\u53f8Public Storage\uff08NYSE:PSA\uff09\u62b5\u79a6\u7d93\u6fdf\u8870\u9000\u7684\u80fd\u529b\u5f88\u5f37\uff0c\u540c\u6642\u9084\u5c07\u53d7\u76ca\u4e8e\u8af8\u5982\u57ce\u5e02\u5316\u3001\u6574\u7406\u3001\u4eba\u53e3\u589e\u9577\u4ee5\u53ca\u4f4f\u623f\u8ca0\u64d4\u80fd\u529b\u4e0b\u964d\u7b49\u9577\u671f\u8da8\u52e2\u3002\u6b64\u5916\uff0c\u8a72\u516c\u53f8\u5c07\u7e7c\u7e8c\u64f4\u5927\u81ea\u5df1\u7684\u5e02\u5834\u4efd\u984d\u3002Morningstar\u7d66\u4e88PSA\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca326\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e287.64\u7f8e\u5143\u3002<\/p>\n

\u7f8e\u570bREITs 3\uff1aCrown Castle<\/h2>\n

\u5c08\u696dREIT Crown Castle International Corp\uff08NYSE:CCI\uff09\u7121\u7dda\u901a\u4fe1\u5854\u904b\u71df\u5546\uff0c\u8a72\u80a1\u80a1\u50f9\u4eca\u5e74\u622a\u81f36\u670815\u65e5\u4e0b\u8dcc13.8%\uff0c\u70ba\u9577\u671f\u6295\u8cc7\u8005\u63d0\u4f9b\u4e86\u8cb7\u5165\u6a5f\u6703\u3002Dolgin\u8868\u793a\uff0cCrown Castle\u7684\u5149\u7e96\u696d\u52d9\u589e\u9577\u6b20\u4f73\uff0c\u4f46\u7dad\u6301\u5168\u5e74\u8ca1\u6e2c\u4e0d\u8b8a\u3002Morningstar\u7d66\u4e88CCI\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca140\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e116.89\u7f8e\u5143\u3002<\/p>\n

\u7f8e\u570bREITs 4\uff1aSimon Property Group<\/h2>\n

Simon Property Group Inc\uff08NYSE:SPG\uff09\u662f\u4e00\u5bb6\u5c08\u6ce8\u4e8e\u5730\u5340\u5546\u57ce\u3001\u5967\u7279\u840a\u65af\uff0c\u4ee5\u53ca\u793e\u5340\u548c\u751f\u6d3b\u65b9\u5f0f\u4e2d\u5fc3\u7684\u96f6\u552eREIT\uff0c\u4e26\u4e14\u5b83\u7684\u80a1\u606f\u5728\u9019\u4efd\u540d\u55ae\u4e2d\u662f\u6700\u9ad8\u7684\u3002\u5206\u6790\u5e2bKevin Brown\u8868\u793a\uff0cSimon\u5831\u544a\u4e00\u5b63\u5ea6\u623f\u7522\u7684\u6de8\u71df\u696d\u5229\u6f64\uff08NOI\uff09\u4e0d\u932f\uff0c\u800c\u591a\u5e74\u4f86\u9996\u6b21\u51fa\u73fe\u7684\u96f6\u552e\u6295\u8cc7\u8667\u640d\u5df2\u7d93\u7d0d\u5165\u8a72\u516c\u53f82023\u5e74\u7684\u6307\u5f15\u7576\u4e2d\uff0c\u540c\u6642\u4ed6\u4f9d\u7136\u770b\u597d\u8a72\u516c\u53f8\u512a\u8cea\u7684A\u985e\u5546\u57ce\u5730\u7522\u3002Morningstar\u7d66\u4e88SPG\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca150\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e110.92\u7f8e\u5143\u3002<\/p>\n

\u7f8e\u570bREITs 5\uff1aRealty Income<\/h2>\n

Realty Income Corp\uff08NYSE:O\uff09\u662f\u4e00\u5bb6\u805a\u7126\u4e8e\u55ae\u79df\u6236\u5efa\u7bc9\u7684\u96f6\u552eREIT\uff0c\u4e00\u5b63\u5ea6\u7684\u540c\u5e97\u6de8\u71df\u696d\u5229\u6f64\u50c5\u589e\u95770.2%\uff0c\u4f4616.7\u5104\u7f8e\u5143\u7684\u6536\u8cfc\u8d85\u9810\u671f\u3002Brown\u8868\u793a\uff0c\u6536\u8cfc\u7684\u8cc7\u672c\u5316\u7387\uff08cap rate\uff09\u8207\u878d\u8cc7\u6210\u672c\u4e4b\u9593\u7684\u5dee\u984d\u70ba\u6295\u8cc7\u8005\u5275\u9020\u4e86\u5de8\u5927\u7684\u50f9\u503c\uff0c\u4e26\u7a31\u6700\u8fd1\u7684\u50b5\u5238\u767c\u884c\u610f\u5473\u8457\u5927\u898f\u6a21\u6536\u8cfc\u9084\u5728\u9032\u884c\u3002Morningstar\u7d66\u4e88O\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca76\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e61.23\u7f8e\u5143\u3002<\/p>\n

\u7f8e\u570bREITs 6\uff1aWelltower<\/h2>\n

\u91ab\u7642REIT Welltower Inc\uff08NYSE:HCN\uff09\u6295\u8cc7\u5305\u62ec\u990a\u8001\u9662\u3001\u5c08\u696d\u8b77\u7406\u8a2d\u65bd\u4ee5\u53ca\u91ab\u7642\u8fa6\u516c\u5efa\u7bc9\u5728\u5167\u7684\u91ab\u7642\u8a2d\u65bd\uff0c\u8a72\u80a1\u80a1\u50f9\u4eca\u5e74\u8fc4\u4eca\u4e0a\u6f3222.3%\u3002\u516c\u53f8\u4e00\u5b63\u5ea6\u6de8\u71df\u696d\u5229\u6f64\u589e\u957710%\uff0c\u540c\u6642\u6536\u8cfc\u4e865.29\u5104\u7f8e\u5143\u7684\u9ad8\u8cea\u91cf\u8cc7\u7522\uff0c\u4e26\u4e14\u672a\u4f86\u6709\u80fd\u529b\u901a\u904e\u5916\u90e8\u589e\u9577\u7e7c\u7e8c\u5275\u9020\u50f9\u503c\u3002Morningstar\u7d66\u4e88WELL\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca98\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e80.15\u7f8e\u5143\u3002<\/p>\n

\u7f8e\u570bREITs 7\uff1aDigital Realty Trust<\/h2>\n

\u5c08\u696dREIT Digital Realty Trust Inc\uff08NYSE:DLR\uff09\u63d0\u4f9b\u6578\u64da\u4e2d\u5fc3\u53ca\u5176\u4ed6IT\u89e3\u6c7a\u65b9\u6848\u3002Dolgin\u8868\u793a\uff0c\u8a72\u516c\u53f8\u4e00\u5b63\u5ea6\u7684\u5b9a\u50f9\u80fd\u529b\u662f\u591a\u5e74\u4f86\u6700\u5f37\u7684\uff0c\u4e26\u9810\u8a08\u9019\u4e00\u5b9a\u50f9\u6b0a\u672a\u4f86\u5c07\u5f97\u4ee5\u5ef6\u7e8c\u3002\u6b64\u5916\uff0c\u8a72\u516c\u53f8\u8fd1\u4e00\u534a\u7684\u79df\u7d04\u8ddf\u901a\u8139\u7387\u7d81\u5b9a\u3002Morningstar\u7d66\u4e88DLR\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca135\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e105.39\u7f8e\u5143\u3002<\/p>\n

\u7f8e\u570bREITs 8\uff1aAvalonBay Communities<\/h2>\n

\u591a\u6236\u4f4f\u5b85REITAvalonBay Communities Inc\uff08NYSE:AVB\uff09\u5c08\u6ce8\u65bc\u9ad8\u6a94\u516c\u5bd3\u793e\u5340\u3002\u5206\u6790\u5e2bBrian Bernard\u8868\u793a\uff0cAvalonBay\u805a\u7126\u65bc\u57ce\u5e02\u548c\u90ca\u5340\u7684\u6cbf\u6d77\u5e02\u5834\uff0c\u4f4f\u5b85\u81ea\u6709\u7387\u7684\u4e0b\u964d\u758a\u52a0\u5c31\u696d\u548c\u6536\u5165\u7684\u589e\u9577\u5c07\u4fc3\u9032\u79df\u91d1\u50f9\u683c\u4ee5\u53ca\u5165\u4f4f\u7387\u7684\u4e0a\u5347\uff0c\u540c\u6642\u4ed6\u9810\u8a082023\u5e74\u540c\u5e97\u92b7\u552e\u984d\u7684\u589e\u9577\u5c07\u7e7c\u7e8c\u63a8\u9ad8\u8a72\u516c\u53f8\u7684\u71df\u904b\u8cc7\u91d1\uff08FFO\uff09\u3002Morningstar\u7d66\u4e88AVB\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca241\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e190.53\u7f8e\u5143\u3002<\/p>\n

\u7f8e\u570bREITs 9\uff1aEquity Residential<\/h2>\n

\u591a\u6236\u4f4f\u5b85REIT Equity Residential\uff08NYSE:EQR\uff09\u64c1\u6709\u548c\u7d93\u71df\u591a\u5143\u5316\u7684\u516c\u5bd3\u623f\u7522\uff0c\u4e26\u4e14\u904e\u53bb10\u5e74\u8a72\u516c\u53f8\u4e0d\u65b7\u525d\u96e2\u5167\u9678\u4ee5\u53ca\u5357\u90e8\u5e02\u5834\u7684\u8cc7\u7522\uff0c\u7136\u5f8c\u7528\u51fa\u552e\u6240\u5f97\u6295\u8cc7\u548c\u6536\u8cfc\u5165\u4f4f\u7387\u9ad8\uff0c\u79df\u91d1\u589e\u9577\u8da8\u52e2\u5f37\u52c1\u7684\u57ce\u5e02\u548c\u6cbf\u6d77\u5e02\u5834\u3002\u5f97\u76ca\u65bc\u9019\u4e00\u6230\u7565\uff0cEquity Residential\u7684FFO\u5be6\u73fe\u4e86\u6301\u7e8c\u589e\u9577\u3002Morningstar\u7d66\u4e88EQR\u80a1\u7968\u201c\u8cb7\u5165\u201d\u8a55\u7d1a\u4ee5\u53ca88\u7f8e\u5143\u7684\u76ee\u6a19\u50f9\uff0c\u8a72\u80a1\u80a1\u50f96\u670815\u65e5\u6536\u4e8e66.35\u7f8e\u5143\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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