Study on Selection Decision of the Underlying Assets of Infrastructure REITs

Xinyue Zhang (), Di Wu (), Xuefei Zhang and Shouqing Wang
Additional contact information
Xinyue Zhang: Tsinghua University
Di Wu: China International Engineering Consulting Co. Research Center
Xuefei Zhang: China International Engineering Consulting Co. Research Center
Shouqing Wang: Tsinghua University

Chapter Chapter 10 in Proceedings of the 28th International Symposium on Advancement of Construction Management and Real Estate, 2024, pp 135-148 from Springer

Abstract: Abstract This study takes the development stage of China's REITs market as the background, and makes a case study by setting 5 primary and 6 secondary underlying asset evaluation indicators. In this study, a multi-angle radar model is constructed to observe the concerns and considerations of original equity holders in the selection of the underlying assets of infrastructure REITs projects, and to analyze their issuance strategies. This article categorizes the 27 Chinese Real Estate Investment Trusts (REITs) issued as of May 1st into four distinct types: Missing angle type I, Missing angle type II, Similar type, and Other type. The asset selection analysis examines the five key factors of asset yield ability, asset risk level, asset size or scale, geographic location of assets, and the original equity holders’ purchase ratio. The article also analyzes the characteristics and issuance strategies of corresponding assets according to different industry categories. The set of asset evaluation system designed in this study can help investors and original equity holders have a more concrete assessment and understanding of asset quality. It facilitates their asset selection process and can also serve as a reference for existing asset models when considering their own investment portfolios.

Keywords: REITs; Infrastructure; Underlying asset; Issuance strategies; Original equity holder (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-97-1949-5_10

Ordering information: This item can be ordered from
http://www.springer.com/9789819719495

DOI: 10.1007/978-981-97-1949-5_10

Access Statistics for this chapter

More chapters in Lecture Notes in Operations Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().