周琳燕联系人田露露分析师SAC执业编号：S1130521110001张剑辉分析师SAC执业编号：S1130519100003国金证券金融产品研究部  ➢➢➢数据来源：Wind、国金证券研究所，数据截至2022/12/312022累计值2022E累计完成情况2022累计值2022E累计完成情况2022累计值2022E累计完成情况博时蛇口产园REIT产业园区11309.9514531.7677.83%3621.463592.00100.82%9348.4910799.6486.56%东吴苏园产业REIT产业园区23379.5824444.9695.64%7429.085916.18125.57%16541.1314661.63112.82%华安张江光大REIT产业园区8711.728394.84103.77%-3073.90-484.00635.10%6599.925926.57111.36%建信中关村REIT产业园区20852.5522255.7393.70%5295.616440.1682.23%13512.1214664.6292.14%华夏合肥高新REIT产业园区2497.602301.86108.50%976.36632.46154.37%1596.091390.86114.76%国泰君安临港创新产业园REIT产业园区1430.351173.88121.85%467.85379.11123.41%911.16933.2297.64%国泰君安东久新经济REIT产业园区2697.942473.66109.07%412.7253.08777.59%1762.921705.28103.38%红土创新盐田港REIT仓储物流11765.5410964.42107.31%4121.893662.98112.53%9044.838404.04107.62%中金普洛斯REIT仓储物流35783.8638175.8993.73%2888.913089.3993.51%23771.0523731.51100.17%平安广州广河REIT高速公路66575.5785339.8178.01%16738.9629751.9856.26%52037.3867546.9277.04%浙商沪杭甬REIT高速公路60566.0070456.1585.96%-9933.121852.43-536.22%38634.9950671.4776.25%华夏越秀高速REIT高速公路20861.2024094.8286.58%3136.777355.3742.65%15500.8718893.2582.04%华夏中国交建REIT高速公路33622.5940524.1882.97%8462.0512438.0168.03%26876.1931571.9985.13%国金中国铁建REIT高速公路30496.1034659.8187.99%3358.583615.6392.89%21408.4122485.7095.21%富国首创水务REIT生态环保29448.0530014.0998.11%3167.675721.9355.36%15231.5618418.0582.70%中航首钢绿能REIT生态环保43044.7739564.41108.80%4731.862428.09194.88%12479.2211353.72109.91%鹏华深圳能源REIT清洁能源115667.1384229.14137.32%18027.269276.55194.33%38813.5923568.83164.68%红土创新深圳安居REIT租赁住房1385.411347.59102.81%884.28617.32143.24%1107.031138.4297.24%中金厦门安居REIT租赁住房1882.681804.87104.31%583.82565.71103.20%1416.831358.31104.31%华夏北京保障房REIT租赁住房1781.471734.15102.73%764.98499.20153.24%1273.401103.68115.38%注1：2022累计值为REITs2022年四个季度披露的实际值之和（华夏中国交建REIT为二、三、四季度之和，国金中国铁建REIT、鹏华深圳能源REIT为三、四季度之和，华夏合肥高新REIT、国泰君安临港创新产业园REIT、国泰君安东久新经济REIT、红土创新深圳安居REIT、中金厦门安居REIT、华夏北京保障房REIT仅为四季度数据）；注2：2022E是基于招募说明书预测值调整，调整方法为2022区间预测值/区间季度数*实际存续的季度数，由于部分REITs的营收呈现季节性特征，经调整的2022E仅供参考；注3：各财务指标累计完成情况为2022四个季度累计值较2022E的增减率；注4：华夏中国交建REIT二季报报告期为2022/4/13-2022/6/30、鹏华深圳能源REIT三季报报告期为2022/7/11-2022/9/30，为便于对比，将其调整为季度值。收入（万元）净利润（万元）EBITDA（万元）基金简称行业类型 ➢➢2022Q12022Q22022Q32022Q4环比变化2022Q12022Q22022Q32022Q4环比变化2022Q12022Q22022Q32022Q4环比变化博时蛇口产园REIT产业园区3415.803125.721879.502888.922578.942939.801400.532429.2275.50%94.05%74.52%84.09%东吴苏园产业REIT产业园区7188.602138.236379.947672.814627.892059.634862.934990.6864.38%96.32%76.22%65.04%华安张江光大REIT产业园区2373.692215.682091.112031.251730.361741.031594.591533.9572.90%78.58%76.26%75.52%建信中关村REIT产业园区6199.325801.574111.164740.504215.344776.741961.872558.1768.00%82.34%47.72%53.96%红土创新盐田港REIT仓储物流2944.242942.612948.472930.222385.222336.372177.692145.5481.01%79.40%73.86%73.22%中金普洛斯REIT仓储物流9305.318794.188857.948826.426343.535754.905705.585967.0468.17%65.44%64.41%67.60%平安广州广河REIT高速公路16970.8215349.8720742.9113511.9914268.0811989.5217229.378550.4184.07%78.11%83.06%63.28%浙商沪杭甬REIT高速公路16354.1912840.4217409.0913962.3112044.057295.4712215.687079.7873.65%56.82%70.17%50.71%华夏越秀高速REIT高速公路5668.964994.785634.124563.334405.823615.634306.623172.8077.72%72.39%76.44%69.53%富国首创水务REIT生态环保7107.267453.587925.796961.433978.414214.954548.602489.5955.98%56.55%57.39%35.76%中航首钢绿能REIT生态环保10382.9710987.7311467.0610207.013406.983914.624008.521149.1032.81%35.63%34.96%11.26%华夏中国交建REIT高速公路-10628.9011493.679885.50-8748.379436.447362.52-82.31%82.10%74.48%国金中国铁建REIT高速公路--16699.1513796.95--13470.817937.60--80.67%57.53%鹏华深圳能源REIT清洁能源--64057.8643797.34--33749.36948.45--52.69%2.17%华夏合肥高新REIT产业园区---2497.60----1596.09----63.90%-国泰君安临港创新产业园REIT产业园区---1430.35----911.16----63.70%-国泰君安东久新经济REIT产业园区---2697.94----1762.92----65.34%-红土创新深圳安居REIT租赁住房---1385.41----1107.03----79.91%-中金厦门安居REIT租赁住房---1882.68----1416.83----75.26%-华夏北京保障房REIT租赁住房---1781.47----1273.40----71.48%-收入（万元）EBITDA（万元）EBITDA利润率注：华夏中国交建REIT二季报各项数据为报告期（2022/4/13-2022/6/30）实际值、鹏华深圳能源REIT三季报各项数据为报告期（2022/7/11-2022/9/30）实际值基金简称行业类型数据来源：Wind、国金证券研究所，数据截至2022/12/31 ➢➢数据来源：Wind、国金证券研究所，数据截至2022/12/312022Q12022Q22022Q32022Q42022E变化情况环比增减*累计完成率*博时蛇口产园REIT产业园区1623.411247.582212.223566.619267.2061.22%93.34%东吴苏园产业REIT产业园区3484.061760.534131.156603.0315214.7759.84%105.02%华安张江光大REIT产业园区1699.411657.751688.941201.176042.28-28.88%103.39%建信中关村REIT产业园区3864.673928.542350.142370.1512492.000.85%100.17%红土盐田港REIT仓储物流2301.372205.232034.292153.888103.665.88%107.29%中金普洛斯REIT仓储物流6765.117057.456265.976132.0425160.68-2.14%104.21%平安广州广河REIT高速公路10593.4412663.5117671.419214.5062628.76-47.86%80.06%浙商沪杭甬REIT高速公路11523.447502.3910460.172383.0243219.12-77.22%73.74%华夏越秀高速REIT高速公路3718.563309.453809.362905.3115383.81-23.73%89.33%富国首创水务REIT生态环保3627.663791.434890.434501.0716798.16-7.96%100.07%中航首钢绿能REIT生态环保2319.011586.811078.778757.2610206.74711.78%134.64%华夏中国交建REIT高速公路-8290.459492.537276.8140360.70-23.34%82.79%国金中国铁建REIT高速公路--9111.707907.7342705.45-13.21%79.71%鹏华深圳能源REIT清洁能源--17984.058852.0438154.35-50.78%70.34%华夏合肥高新REIT产业园区---1855.131563.53--118.65%国泰君安临港创新产业园REIT产业园区---902.26865.40--104.26%国泰君安东久新经济REIT产业园区---1877.761848.15--101.60%红土创新深圳安居RE