CITIC Securities: The performance of various types of assets in public offering REITs continues to diverge. It is recommended to repeatedly negotiate for assets with stable operations and strong expectations for expanding offerings to seize the opportunities of oversold assets.

CITIC Securities research report pointed out that in the second quarter of 2026, the performance of various types of assets of public REITs continued to differentiate. Overall, the performance of consumer infrastructure and affordable housing sectors to end consumers was relatively good, data center REITs and most utility REITs maintained stable operations, while industrial park REITs and warehousing logistics REITs continued to face pressure from both quantity and price factors, and highway REITs and energy REITs showed significant differentiation. Currently, four index funds are in the process of establishing positions and are expected to provide financial support to the market. Combined with the slowing pace of new issuance in the primary market, the market supply-demand situation is beginning to show signs of improvement. It is suggested to repeatedly play the undervalued opportunities of assets with stable operations and strong expectations of expanded issuance, while also paying close attention to the pace of index fund establishment and adjustment, which may have a timely catalytic effect on the market.