{"id":634800,"date":"2026-05-03T20:18:03","date_gmt":"2026-05-04T03:18:03","guid":{"rendered":"https:\/\/nai500.com\/?p=634800"},"modified":"2026-05-03T20:18:03","modified_gmt":"2026-05-04T03:18:03","slug":"%e5%8a%a0%e5%a4%ae%e8%a1%8c%e6%94%a4%e7%89%8c%e4%ba%86%ef%bc%8c%e9%80%99%e4%b8%89%e9%9a%bb%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%82%a1%e7%a5%a8%e5%87%b8%e9%a1%af%e9%85%8d%e7%bd%ae%e5%83%b9%e5%80%bc","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/05\/%e5%8a%a0%e5%a4%ae%e8%a1%8c%e6%94%a4%e7%89%8c%e4%ba%86%ef%bc%8c%e9%80%99%e4%b8%89%e9%9a%bb%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%82%a1%e7%a5%a8%e5%87%b8%e9%a1%af%e9%85%8d%e7%bd%ae%e5%83%b9%e5%80%bc\/","title":{"rendered":"\u52a0\u592e\u884c\u6524\u724c\u4e86\uff0c\u9019\u4e09\u96bb\u52a0\u62ff\u5927\u80a1\u7968\u51f8\u986f\u914d\u7f6e\u50f9\u503c"},"content":{"rendered":"

\u52a0\u62ff\u5927\u592e\u884c\u6700\u65b0\u8b70\u606f\u6703\u8b70\u5411\u5e02\u5834\u7d66\u51fa\u4e86\u76f4\u767d\u7684\u4fe1\u865f\uff1a\u5225\u6307\u671b\u524d\u8def\u662f\u4e00\u689d\u76f4\u7dda\u3002\u592e\u884c\u5c07\u95dc\u9375\u5229\u7387\u7dad\u6301\u57282.25%\u4e0d\u8b8a\uff0c\u540c\u6642\u6307\u51fa\u504f\u9ad8\u7684\u6cb9\u50f9\u3001\u8cbf\u6613\u4e0d\u78ba\u5b9a\u6027\u4ee5\u53ca\u52a0\u62ff\u5927\u7d93\u6fdf\u4e2d\u7684\u90e8\u5206\u75b2\u8edf\u74b0\u7bc0\u30023\u6708\u901a\u8139\u7387\u5df2\u5347\u81f32.4%\uff0c4\u6708\u751a\u81f3\u53ef\u80fd\u903c\u8fd13%\uff0c\u4f46\u592e\u884c\u4ecd\u9810\u8a08\u52302027\u5e74\u901a\u8139\u6703\u9010\u6f38\u56de\u843d\u81f32%\u9644\u8fd1\u3002<\/p>\n

\u9019\u7a2e\u201c\u5229\u7387\u96e3\u6025\u964d\u3001\u7d93\u6fdf\u537b\u4ecd\u9700\u652f\u6301\u201d\u7684\u5fae\u5999\u683c\u5c40\uff0c\u610f\u5473\u8457\u6295\u8cc7\u8005\u9700\u8981\u5c0b\u627e\u64c1\u6709\u771f\u5be6\u76c8\u5229\u3001\u7a69\u5065\u80a1\u606f\u4e14\u80fd\u5728\u6d88\u8cbb\u8005\u627f\u58d3\u6642\u4fdd\u6301\u904b\u8f49\u7684\u516c\u53f8\u3002\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u591a\u502b\u591a\u9053\u660e\u9280\u884c\uff08TD\uff09<\/a>\u3001Extendicare\uff08EXE\uff09<\/a>\u4ee5\u53caBoardwalk REIT\uff08BEI.UN\uff09<\/a>\u4e09\u96bb\u80a1\u7968\uff0c\u6b63\u6070\u9022\u5176\u6642\u5730\u51f8\u986f\u51fa\u914d\u7f6e\u50f9\u503c\u3002<\/p>\n

TD\uff1a\u4fee\u5fa9\u4e2d\u7684\u9280\u884c\u5de8\u8266\uff0c\u914d\u7f6e\u50f9\u503c\u4f86\u81ea\u76c8\u5229\u56de\u61c9\u8207\u5229\u7387\u908f\u8f2f<\/h2>\n

\u5229\u7387\u4e0d\u78ba\u5b9a\u6027\u4e00\u65e6\u7a0d\u6709\u6d88\u6563\uff0c\u9280\u884c\u80a1\u5f80\u5f80\u7387\u5148\u8607\u9192\u3002TD\u4f5c\u70ba\u52a0\u62ff\u5927\u6700\u5927\u9280\u884c\u4e4b\u4e00\uff0c\u696d\u52d9\u6a6b\u8de8\u500b\u4eba\u9280\u884c\u3001\u5546\u696d\u9280\u884c\u3001\u8ca1\u5bcc\u7ba1\u7406\u3001\u4fdd\u96aa\u53ca\u7f8e\u570b\u9280\u884c\u7b49\u9818\u57df\u3002\u904e\u53bb\u4e00\u5e74\u56e0\u7f8e\u570b\u53cd\u6d17\u9322\u4e8b\u9805\u7d93\u6b77\u6ce2\u6298\uff0c\u4f46\u9019\u53cd\u800c\u4fdd\u7559\u4e86\u201c\u56de\u6b78\u201d\u7684\u60f3\u50cf\u7a7a\u9593\u3002\u8a72\u884c\u5728\u5408\u898f\u3001\u6cbb\u7406\u4e0a\u7684\u5de8\u984d\u6295\u5165\u4ecd\u662f\u98a8\u96aa\uff0c\u537b\u4e5f\u52fe\u52d2\u51fa\u91cd\u5efa\u6295\u8cc7\u8005\u4fe1\u5fc3\u7684\u6e05\u6670\u8def\u5f91\u3002<\/p>\n

\u6700\u65b0\u696d\u7e3e\u7d66\u51fa\u4e86\u6709\u529b\u56de\u61c9\uff1a2026\u8ca1\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0cTD\u8abf\u6574\u5f8c\u6de8\u5229\u6f6442\u5104\u52a0\u5143\uff0c\u540c\u6bd4\u589e\u957716%\uff1b\u8abf\u6574\u5f8c\u6bcf\u80a1\u6536\u76ca2.44\u52a0\u5143\uff1b\u52a0\u62ff\u5927\u500b\u4eba\u8207\u5546\u696d\u9280\u884c\u696d\u52d9\u6de8\u5229\u6f64\u5275\u7d00\u9304\u768420\u5104\u52a0\u5143\uff0c\u5347\u5e4512%\u3002\u5b63\u5ea6\u672bCET1\u8cc7\u672c\u5145\u8db3\u7387\u9ad8\u905414.5%\uff0c\u5b89\u5168\u588a\u5145\u88d5\u3002\u4f30\u503c\u65b9\u9762\uff0c\u975c\u614b\u5e02\u76c8\u7387\u7d04\u572811.7\u500d\uff0c\u9060\u671f\u80a1\u606f\u7387\u63a5\u8fd13%\u3002\u5728\u592e\u884c\u71df\u9020\u7684\u74b0\u5883\u4e0b\uff0cTD\u65e2\u80fd\u53d7\u76ca\u65bc\u7a69\u5b9a\u7684\u8cb8\u6b3e\u9700\u6c42\u8207\u60c5\u7dd2\u6539\u5584\uff0c\u82e5\u5229\u7387\u6700\u7d42\u6eab\u548c\u4e0b\u884c\uff0c\u9084\u53ef\u7372\u5f97\u66f4\u4f4e\u878d\u8cc7\u6210\u672c\u3002\u98a8\u96aa\u5728\u65bc\u7f8e\u570b\u6574\u6539\u53ef\u80fd\u8017\u6642\u66f4\u4e45\uff0c\u4f46\u5c0d\u65bc\u8010\u5fc3\u4e2d\u9577\u671f\u6301\u6709\u8005\uff0c\u7b49\u5f85\u672c\u8eab\u53ef\u80fd\u5c31\u6709\u5c0d\u50f9\u3002<\/p>\n

Extendicare\uff1a\u7d81\u5b9a\u9280\u9aee\u6d6a\u6f6e\u7684\u6210\u9577\u6536\u606f\u7d44\u5408<\/h2>\n

Extendicare\u6301\u6709\u4e26\u904b\u71df\u9577\u671f\u8b77\u7406\u9662\u3001\u9000\u4f11\u751f\u6d3b\u793e\u5340\u3001\u5c45\u5bb6\u5065\u5eb7\u8b77\u7406\u7b49\u696d\u52d9\uff0c\u5929\u7136\u639b\u9264\u65bc\u4eba\u53e3\u8001\u9f61\u5316\u9019\u4e00\u7d50\u69cb\u6027\u4e3b\u984c\uff0c\u800c\u975e\u666e\u901a\u7d93\u6fdf\u9031\u671f\u3002\u5728\u7d93\u6b77\u5f37\u52c1\u76842025\u5e74\u5f8c\uff0c\u516c\u53f8\u5c07\u6708\u5ea6\u80a1\u606f\u4e0a\u8abf5%\u81f3\u6bcf\u80a10.0441\u52a0\u5143\uff0c\u80a1\u606f\u7387\u8cbc\u8fd11.75%\uff0c\u96d6\u975e\u6700\u9ad8\uff0c\u537b\u63d0\u4f9b\u4e86\u6210\u9577\u8207\u6536\u5165\u7684\u5747\u8861\u642d\u914d\u3002<\/p>\n

\u6700\u65b0\u6578\u64da\u986f\u793a\u4e86\u8a72\u516c\u53f8\u7684\u589e\u9577\u52d5\u80fd\uff1a\u7b2c\u56db\u5b63\u5ea6\u71df\u6536\u540c\u6bd4\u6500\u534718%\u81f3\u7d044.62\u5104\u52a0\u5143\uff0c\u8abf\u6574\u5f8cEBITDA\u731b\u589e36.4%\u81f34560\u842c\u52a0\u5143\uff0c\u6bcf\u80a1AFFO\u4e0a\u53476%\u81f30.337\u52a0\u5143\uff0c\u7576\u671f\u6d3e\u606f\u6bd4\u7387\u7d0442%\uff0c\u7559\u6709\u5145\u8db3\u9918\u529b\u3002\u4f30\u503c\u4e0a\uff0c\u975c\u614b\u548c\u52d5\u614b\u5e02\u76c8\u7387\u5206\u5225\u7d04\u572827\u500d\u548c25\u500d\uff0c\u6295\u8cc7\u8005\u9700\u70ba\u54c1\u8cea\u548c\u6210\u9577\u6027\u4ed8\u51fa\u6ea2\u50f9\uff0c\u9019\u662f\u4e3b\u8981\u98a8\u96aa\u3002\u4f46\u8001\u5e74\u8b77\u7406\u9700\u6c42\u4ecd\u5728\u6500\u5347\uff0c\u5c0d\u65bc\u5c0b\u6c42\u80a1\u606f\u8207\u66f4\u5f37\u6210\u9577\u5f15\u64ce\u4e26\u884c\u7684\u6295\u8cc7\u8005\uff0cExtendicare\u5177\u5099\u826f\u597d\u7684\u5339\u914d\u908f\u8f2f\u3002<\/p>\n

Boardwalk REIT\uff1a\u51fa\u79df\u516c\u5bd3\u7684\u525b\u9700\u9632\u7dda<\/h2>\n

\u592e\u884c\u7684\u6700\u65b0\u8868\u614b\u4e5f\u8b93REIT\u9032\u5165\u4e86\u66f4\u53cb\u5584\u7684\u74b0\u5883\u3002\u5982\u679c\u5229\u7387\u4fdd\u6301\u5e73\u7a69\u751a\u81f3\u6700\u7d42\u4e0b\u964d\uff0cREIT\u5f80\u5f80\u6703\u8fce\u4f86\u6c1b\u570d\u8f49\u6696\u3002Boardwalk\u5728\u52a0\u62ff\u5927\u5404\u5730\u6301\u6709\u4e26\u904b\u71df\u51fa\u79df\u516c\u5bd3\u793e\u5340\uff0c\u5c24\u5176\u805a\u7126\u53ef\u8ca0\u64d4\u4f4f\u623f\uff0c\u9019\u8ce6\u4e88\u4e86\u5b83\u8d85\u8d8a\u9031\u671f\u7684\u97cc\u6027\u2014\u2014\u62b5\u62bc\u8cb8\u6b3e\u6210\u672c\u9ad8\u4f01\u6642\uff0c\u4eba\u5011\u53ef\u80fd\u63a8\u9072\u8cb7\u623f\uff0c\u4f46\u5c45\u4f4f\u7684\u525b\u6027\u9700\u6c42\u4e0d\u6703\u6d88\u5931\u3002<\/p>\n

\u904b\u71df\u6578\u64da\u76f8\u7576\u624e\u5be6\uff1a2025\u5e74\u7b2c\u56db\u5b63\u5ea6\u6bcf\u55ae\u4f4dFFO\u70ba1.20\u52a0\u5143\uff0c\u540c\u6bd4\u589e\u957711.1%\uff1b\u6de8\u904b\u71df\u6536\u5165\u63d0\u53479.5%\u81f31.085\u5104\u52a0\u5143\uff1b\u540c\u7269\u696dNOI\u4e0a\u53477.3%\uff0c\u904b\u71df\u5229\u6f64\u7387\u6539\u5584\u81f365.8%\u3002\u9032\u51652026\u5e74\u5165\u4f4f\u7387\u4ecd\u9ad8\u905497.5%\uff0c\u9700\u6c42\u5805\u633a\u3002\u8a72REIT\u5e02\u76c8\u7387\u7d04\u4ee518\u500d\uff0c\u6708\u5ea6\u5206\u914d\u6536\u76ca\u7387\u7d042.5%\uff0c\u4e14\u5df2\u5c072026\u5e74\u5206\u914d\u984d\u4e0a\u8abf11.1%\u3002\u4e3b\u8981\u98a8\u96aa\u5728\u65bc\u79df\u91d1\u589e\u9577\u53ef\u80fd\u56e0\u53ef\u8ca0\u64d4\u58d3\u529b\u6216\u7af6\u722d\u5347\u6eab\u800c\u653e\u7de9\uff0c\u4f46\u5229\u5728\u5229\u7387\u8da8\u7a69\u4e43\u81f3\u8d70\u4f4e\u6642\uff0c\u7269\u696d\u4f30\u503c\u3001\u878d\u8cc7\u6210\u672c\u4ee5\u53ca\u6295\u8cc7\u8005\u5c0d\u6536\u76ca\u578b\u8cc7\u7522\u7684\u9700\u6c42\u90fd\u5c07\u5f97\u5230\u652f\u6490\u3002<\/p>\n

\u4e09\u96bb\u80a1\u7968\u5404\u4ee5\u76c8\u5229\u4fee\u5fa9\u3001\u7d50\u69cb\u6027\u9700\u6c42\u548c\u5229\u7387\u654f\u611f\u908f\u8f2f\uff0c\u56de\u61c9\u4e86\u592e\u884c\u201c\u4e0d\u6703\u5f91\u76f4\u524d\u884c\u201d\u7684\u6524\u724c\u4fe1\u865f\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u52a0\u62ff\u5927\u592e\u884c\u6700\u65b0\u8b70\u606f\u6703\u8b70\u5411\u5e02\u5834\u7d66\u51fa\u4e86\u76f4\u767d\u7684\u4fe1\u865f\uff1a\u5225\u6307\u671b\u524d\u8def\u662f\u4e00\u689d\u76f4\u7dda\u3002\u592e\u884c\u5c07\u95dc\u9375\u5229\u7387\u7dad\u6301\u57282.25%\u4e0d\u8b8a\uff0c\u540c\u6642\u6307 […]<\/p>\n","protected":false},"author":27,"featured_media":553415,"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":[2165,674,1860,2230],"class_list":{"0":"post-634800","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-674","12":"tag-2230","13":"sectors-real-estate-zh-hant","14":"sectors-financial-products-zh-hant","15":"locations-canada-zh-hant","16":"exchange-tsx-zh-hant"},"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/634800","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=634800"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/634800\/revisions"}],"predecessor-version":[{"id":634803,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/634800\/revisions\/634803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/553415"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=634800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=634800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=634800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}