Huaxia Beijing Affordable Housing REIT: Distributable Amount in 2025 is 74.8239 million yuan, a year-on-year increase of 38.95%

Ruis Research Network News: On March 26, the Huaxia Beijing Affordable Housing REIT released its annual report for 2025. During the reporting period, the fund generated approximately 105 million yuan in revenue, with a net profit of 45.3762 million yuan and a net cash flow from operating activities of 72.049 million yuan. The cash distribution rate for this period and on an annualized basis was 2.53%; the distributable amount for this period was 74.8239 million yuan, an increase of 38.95% year-on-year; the per-unit distributable amount was 0.1033 yuan. At the end of the period, the total assets and net assets of the fund were 2.349 billion yuan and 2.167 billion yuan, respectively.

During the reporting period, the fund’s distributable amount was 74.8239 million yuan, which changed by more than 10% compared to the same period last year. This was mainly due to the fund’s completion of a targeted expansion in June 2025, which included four new public rental housing projects and brought them into the consolidated scope, thus increasing both asset size and rental income, thereby enhancing the distributable amount for this period.

The calculation report for the distributable amount published in the prospectus indicated that the distributable amount for 2025 was 70.7064 million yuan. The main reason for the discrepancy was that the occupancy rate and rent collection rate of infrastructure projects during this reporting period remained high, with actual rental income exceeding earlier assumptions, and effective control over operating costs, resulting in an actual distributable amount higher than the calculated amount published in the prospectus.

Regarding the newly purchased infrastructure projects from the expansion in 2025, the public rental housing projects located in Langyue Jiayuan in Fangshan District, Guangjidian in Tongzhou District, Shengyue Jiayuan in Daxing District, and Wenquan Kaisheng Jiayuan in Haidian District have been operating smoothly since the equity transfer. This situation has been verified by the accounting firm that provided the annual audit report for this fund, which issued relevant special review opinions.

During the reporting period, this fund held six infrastructure projects: Wenlong Jiayuan, Xiyue Shangjun, Langyue Jiayuan, Guangjidian, Shengyue Jiayuan, and Wenquan Kaisheng Jiayuan. The Wenlong Jiayuan project has been in operation since 2015, and the Xiyue Shangjun project has been in operation since 2016. The newly expanded projects have completed their preliminary operational preparations and have been put into use. There were no safety production accidents or major lawsuits regarding property assets and rental income during the reporting period.

As of the end of the reporting period, all infrastructure project leasing models were for affordable rental housing, rented exclusively to eligible beneficiaries, following government-guided pricing. As of the end of the reporting period, the overall occupancy rate of the projects was 94.45%, with a rent collection rate of 98.53%. The total number of tenants remained stable, with no single tenant’s rental income proportion being excessively high during the reporting period. The tenant structure was diversified, and the rental income risk was controllable.