{"id":655138,"date":"2026-08-05T19:32:02","date_gmt":"2026-08-06T02:32:02","guid":{"rendered":"https:\/\/nai500.com\/?p=655138"},"modified":"2026-08-05T19:32:02","modified_gmt":"2026-08-06T02:32:02","slug":"%e7%be%8e%e8%82%a1%e4%bc%b0%e5%80%bc%e9%ab%98%e4%bc%81%ef%bc%9a%e7%b2%be%e9%81%b85%e5%8f%aa%e9%ab%98%e8%82%a1%e6%81%af%e5%83%b9%e5%80%bc%e8%82%a1","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/08\/%e7%be%8e%e8%82%a1%e4%bc%b0%e5%80%bc%e9%ab%98%e4%bc%81%ef%bc%9a%e7%b2%be%e9%81%b85%e5%8f%aa%e9%ab%98%e8%82%a1%e6%81%af%e5%83%b9%e5%80%bc%e8%82%a1\/","title":{"rendered":"\u7f8e\u80a1\u4f30\u503c\u9ad8\u4f01\uff1a\u7cbe\u90785\u53ea\u9ad8\u80a1\u606f\u50f9\u503c\u80a1"},"content":{"rendered":"

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\u9ad8\u80a1\u606f\u50f9\u503c\u80a1\u7684\u6295\u8cc7\u908f\u8f2f\uff0c\u690d\u6839\u4e8e\u201c\u73fe\u91d1\u70ba\u738b\u201d\u8207\u201c\u5b89\u5168\u908a\u969b\u201d\u5169\u5927\u57fa\u77f3\u3002\u9019\u985e\u516c\u53f8\u901a\u5e38\u8eab\u8655\u5fc5\u9700\u6d88\u8cbb\u3001\u96fb\u4fe1\u3001\u91ab\u7642\u53ca\u57fa\u790e\u8a2d\u65bd\u7b49\u9632\u79a6\u6027\u8cfd\u9053\uff0c\u64c1\u6709\u5bec\u95ca\u7684\u8b77\u57ce\u6cb3\u8207\u7c98\u6027\u6975\u5f37\u7684\u5ba2\u6236\u7fa4\uff0c\u76c8\u5229\u548c\u6d3e\u606f\u5728\u7d93\u6fdf\u653e\u7de9\u671f\u4f9d\u7136\u5177\u5099\u97cc\u6027\u3002\u6301\u7e8c\u6027\u7684\u9ad8\u5206\u7d05\u4e0d\u50c5\u70ba\u6295\u8cc7\u8005\u9396\u5b9a\u4e86\u53ef\u9810\u671f\u7684\u73fe\u91d1\u56de\u5831\uff0c\u6191\u85c9\u8907\u5229\u6548\u61c9\u9577\u9031\u671f\u7d2f\u7a4d\u53ef\u89c0\u6536\u76ca\uff0c\u76f8\u5c0d\u8f03\u4f4e\u7684\u4f30\u503c\u6c34\u5e73\u4e5f\u63d0\u4f9b\u4e86\u4fdd\u8b77\u588a\uff0c\u4f7f\u5f97\u80a1\u50f9\u5728\u9762\u5c0d\u5229\u7387\u8b8a\u52d5\u6216\u5e02\u5834\u9707\u76ea\u6642\u66f4\u52a0\u6297\u8dcc\u3002\u7576\u6210\u9577\u80a1\u7684\u5149\u74b0\u56e0\u4f30\u503c\u6536\u7e2e\u800c\u892a\u8272\uff0c\u9019\u4e9b\u6d3e\u767c\u771f\u91d1\u767d\u9280\u7684\u201c\u73fe\u91d1\u725b\u201d\uff0c\u4fbf\u6210\u70ba\u6295\u8cc7\u7d44\u5408\u518d\u5e73\u8861\u7684\u6838\u5fc3\u9078\u9805\u3002<\/p>\n

\u57fa\u65bc\u4e0a\u8ff0\u908f\u8f2f\uff0c\u6211\u5011\u5229\u7528\u6668\u661f\uff08Morningstar\uff09\u8cc7\u6df1\u5206\u6790\u5e2b\u7684\u6df1\u5ea6\u7814\u7a76\uff0c\u5f9e\u773e\u591a\u6a19\u7684\u4e2d\u7cbe\u9078\u4e865\u53ea\u517c\u5177\u8a98\u4eba\u80a1\u606f\u7387\u8207\u986f\u8457\u4f30\u503c\u6298\u50f9\u7684\u9ad8\u80a1\u606f\u50f9\u503c\u80a1<\/p>\n

\u767e\u4e8b\u516c\u53f8 (PEP)<\/a><\/h2>\n

\u4f5c\u70ba\u5168\u7403\u98f2\u6599\u8207\u96f6\u98df\u96d9\u6599\u5de8\u982d\uff0c\u767e\u4e8b\u516c\u53f8\u65d7\u4e0b\u64c1\u6709\u83f2\u591a\u5229\u3001\u6842\u683c\u7b49\u96e3\u4ee5\u64bc\u52d5\u7684\u54c1\u724c\u77e9\u9663\uff0c\u69cb\u7bc9\u8d77\u63a1\u8cfc\u8207\u5206\u92b7\u898f\u6a21\u5171\u540c\u652f\u6490\u7684\u5bec\u95ca\u8b77\u57ce\u6cb3\u3002\u5e02\u5834\u7576\u4e0b\u4f4e\u4f30\u4e86\u767e\u4e8b\u5728\u5e73\u50f9\u5316\u7522\u54c1\u548c\u5275\u65b0\u4e0a\u7684\u57f7\u8457\u6295\u5165\uff0c\u5c0e\u81f4\u4f30\u503c\u91cd\u65b0\u56de\u5230\u6975\u5177\u5438\u5f15\u529b\u7684\u6c34\u4f4d\u3002\u5118\u7ba1\u5317\u7f8e\u6d88\u8cbb\u74b0\u5883\u5145\u6eff\u6311\u6230\uff0c\u4f46\u5718\u968a\u9810\u5224\u9019\u4e00\u9006\u98a8\u5c07\u9010\u6b65\u6b63\u5e38\u5316\uff0c\u4e26\u9810\u8a08\u672a\u4f86\u5341\u5e74\u767e\u4e8b\u53ef\u7dad\u6301\u4e2d\u500b\u4f4d\u6578\u7684\u5e74\u5747\u71df\u6536\u589e\u5e45\uff0c\u7a69\u5065\u7684\u73fe\u91d1\u6d41\u69cb\u6210\u4e86\u516c\u53f8\u6301\u7e8c\u6d3e\u606f\uff08\u9060\u671f\u80a1\u606f\u73874.3%\uff09\u4e26\u63d0\u5347\u80a1\u6771\u56de\u5831\u7684\u5805\u5be6\u57fa\u790e\u3002<\/p>\n

AT&T (T)<\/a><\/h2>\n

\u9019\u5bb6\u5168\u7403\u96fb\u4fe1\u5de8\u64d8\u6b63\u6191\u85c9AT&T Fiber\u5149\u7e96\u5bec\u5e36\u82075G\u7121\u7dda\u7db2\u7d61\u7684\u96d9\u8f2a\u9a45\u52d5\uff0c\u91cd\u5851\u9577\u671f\u589e\u9577\u5f15\u64ce\u3002AT&T\u57285G\u7121\u7dda\u7db2\u7d61\u548c\u5149\u7e96\u57fa\u790e\u8a2d\u65bd\u4e0a\u7684\u5de8\u984d\u6230\u7565\u6027\u6295\u8cc7\uff0c\u7d42\u5c07\u514c\u73fe\u70ba\u9577\u671f\u80a1\u6771\u7684\u8c50\u539a\u56de\u5831\u3002\u516c\u53f8\u65d7\u4e0bCricket Wireless\u5728\u9810\u4ed8\u5e02\u5834\u4fdd\u6301\u9818\u5148\uff0c\u5546\u696d\u90e8\u9580\u5247\u6df1\u8015\u4f01\u696d\u8207\u653f\u5e9c\u5ba2\u6236\uff0c\u696d\u52d9\u7d44\u5408\u517c\u5177\u9632\u79a6\u6027\u8207\u5347\u7d1a\u6f5b\u529b\u3002AT&T\u6b77\u4f86\u662f\u6177\u6168\u6d3e\u606f\u7684\u4ee3\u8868\uff0c\u6301\u7e8c\u5411\u80a1\u6771\u8fd4\u9084\u73fe\u91d1\uff0c\u76ee\u524d\u80a1\u606f\u73874.8%\u3002<\/p>\n

\u8f1d\u745e (PFE)<\/a><\/h2>\n

\u4f5c\u70ba\u5168\u7403\u88fd\u85e5\u696d\u5de8\u982d\uff0c\u8f1d\u745e\u624b\u63e1Eliquis\u3001Vyndaqel\u548cPrevnar\u7b49\u91cd\u78c5\u85e5\u7269\u69cb\u6210\u7684\u591a\u5143\u5316\u7ba1\u7dda\uff0c6.8%\u7684\u80a1\u606f\u7387\u57285\u53ea\u6a19\u7684\u4e2d\u5c45\u9996\uff0c\u5c0d\u6536\u76ca\u5c0e\u5411\u578b\u8cc7\u91d1\u6975\u5177\u8a98\u60d1\u529b\u3002\u5373\u4fbf\u9762\u81e82027\u5e74Ibrance\u548c2028\u5e74Eliquis\u7684\u7368\u4f54\u6b0a\u5230\u671f\u58d3\u529b\uff0c\u8f1d\u745e\u6191\u85c9\u5f8c\u7e8c\u7ba1\u7dda\u7684\u929c\u63a5\uff0c\u4ecd\u6709\u671b\u57282028\u5e74\u81f32033\u5e74\u9593\u5be6\u73fe\u9ad8\u500b\u4f4d\u6578\u7684\u5e74\u5747\u71df\u6536\u589e\u5e45\u3002\u5e02\u5834\u5c0d\u5c08\u5229\u61f8\u5d16\u7684\u904e\u5ea6\u6182\u616e\uff0c\u53cd\u800c\u5c07\u80a1\u50f9\u58d3\u81f3\u6df1\u5ea6\u6298\u50f9\u5340\u9593\u3002<\/p>\n

American Tower (AMT)<\/a><\/h2>\n

\u4f5c\u70ba\u5168\u7403\u6700\u5927\u7684\u7368\u7acb\u9435\u5854REIT\uff0cAmerican Tower\u5750\u64c1\u7121\u7dda\u901a\u4fe1\u548c\u5ee3\u64ad\u9435\u5854\u69cb\u6210\u7684\u9f90\u5927\u8cc7\u7522\u7d44\u5408\uff0c\u5145\u5206\u53d7\u76ca\u65bc\u5168\u7403\u6578\u5b57\u5316\u6d6a\u6f6e\u4e0b\u79fb\u52d5\u6578\u64da\u6d88\u8017\u7684\u6307\u6578\u7d1a\u589e\u9577\u3002\u516c\u53f8\u6838\u5fc3\u9435\u5854\u696d\u52d9\u5c07\u7dad\u6301\u9577\u671f\u7a69\u5065\u7684\u79df\u8cc3\u9700\u6c42\uff0c\u6709\u6a5f\u6536\u5165\u589e\u9577\u5927\u6982\u7387\u843d\u5728\u4e2d\u500b\u4f4d\u6578\u5340\u9593\uff0c\u800c\u516c\u53f8\u5be9\u614e\u7684\u6536\u8cfc\u7b56\u7565\u66f4\u662f\u4eae\u9ede\u2014\u2014\u7ba1\u7406\u5c64\u6b77\u4f86\u907f\u514d\u70ba\u898f\u6a21\u64f4\u5f35\u800c\u652f\u4ed8\u904e\u9ad8\u7684\u8cc7\u7522\u6ea2\u50f9\uff0c\u9019\u5728\u91cd\u8cc7\u7522\u884c\u696d\u4e2d\u76f8\u7576\u53ef\u8cb4\u3002REIT\u67b6\u69cb\u8ce6\u4e88\u5176\u9ad8\u6bd4\u4f8b\u5f37\u5236\u5206\u7d05\u7279\u6027\uff0c\u7a69\u5b9a\u7684\u79df\u91d1\u73fe\u91d1\u6d41\u76f4\u63a5\u8f49\u5316\u70ba\u6295\u8cc7\u8005\u624b\u4e2d\u7684\u53ef\u9810\u671f\u80a1\u606f\uff0c\u80a1\u606f\u73874.0%\u3002<\/p>\n

Realty Income (O)<\/a><\/h2>\n

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