On the evening of March 15, the REIT of Boshi Shekou Industrial Park released its 2021 annual report, which is the first report card of public offering REITs at present.
The original equity of REIT in Boshi Shekou Industrial Park is China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) . The total amount of shares allowed to be raised for the project is 900 million, the issue price is RMB 231, the total amount of funds actually sold is RMB 2.079 billion, China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) subscribed fund shares are RMB 66528 million, and the actual net recovered funds are about RMB 1.16 billion.
According to the disclosure of the annual report, the current income of REIT of Boshi Shekou Industrial Park is 80.016 million yuan, the current net profit is 268545 million yuan, and the net cash flow from current operating activities is 700706 million yuan; The total assets of the fund at the end of the period were 2.59 billion yuan, the net assets of the fund at the end of the period were 2.081 billion yuan, and the ratio of the total assets of the fund to the net assets at the end of the period was 124.45%. The net value of fund units at the end of the period is 2.3124 yuan, and the reference net value of fair value of fund units at the end of the period is 2.3556 yuan.
The underlying assets of REIT in Boshi Shekou Industrial Park are Wanrong building and Wanhai building in Shenzhen Shekou Wanggu Industrial Park. According to the previous prospectus, its asset income mainly comes from the rental services and commercial services provided by the enterprises in the park, and the income mainly comes from rental income and property management fee income, of which the rental income during the reporting period was 682643 million yuan, accounting for 88.75%; The property income is 8.65 million yuan, accounting for 11.25%.
The REIT of Boshi Shekou Industrial Park realized a net profit of 27 million yuan and a distributable income of 53 million yuan in 2021, which is 102% of the expected amount in the prospectus. During the year, it has paid a dividend of 25 million yuan. Based on the issuance scale and assuming 100% distribution, the annual interest rate of net cash flow in 2021 is 4.5%, higher than the 4.1% expected in the prospectus.
