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Beijing News (Reporter Duan Wenping) The launch date of my country's first outlet consumer REITs has been set. On August 3, according to Beijing News reporters, China Asset Management recently announced that China Asset Management's first outlet REIT will be officially launched from August 6 to August 9, with an offering price of 2.468 yuan per share and a total planned fundraising amount of 1.9744 billion yuan.

Among them, 60 million shares will be sold to the public, and public investors can subscribe at the sale price through on-site securities operating institutions or fund managers and their authorized off-site fund sales agencies. The minimum subscription amount is RMB 1,000 (including subscription fees).

On July 30, China Fortune Outlets REIT issued a fund share inquiry announcement. It is understood that during the offline inquiry stage, China Fortune Outlets REIT received a total of 51 allotment targets managed by 33 offline investors, with a total planned subscription amount of 882.1 million shares, which is 6.3 times the initial offline offering shares.

It is understood that the underlying assets of the first issue of Capital Outlet REIT are two high-quality outlet projects under Capital Urban Development Group - the Jinan Capital Outlet Project and the Wuhan Capital Outlet Project. In the view of industry insiders, outlet consumer REITs are a sub-category of consumer REITs. They not only have the general characteristics of consumer REITs, but also the high cost-effectiveness of their underlying assets of "famous brands + discounts" have shown obvious advantages in crossing economic cycles. From 2020 to 2023, the performance of the outlet format continued to be strong, and the annual growth rate ranked first among the major retail formats. At the same time, because the threshold of the outlet track is higher than that of traditional shopping malls, outlet assets have a natural scarcity, and the moat of high-quality assets is higher.

According to the planned fundraising scale of the fund and the distributable amount disclosed in the fund prospectus, the distribution rates of China Fortune Land Development's Outlet REIT in 2024 and 2025 will be 5.46% and 5.84% respectively.

Proofread by Zhao Lin