Real Estate Investment Trust, Financial Performance Evaluation Research

Step into the21st century, at an unprecedented pace and scale of development, real estate industry become a pillar industry of China’s economy. However, since2003, the country’s "121" file control the real estate industry sources, increasing the threshold of real estate industry get the Bank loans. As a capital-intensive industry, real estate business is highly dependent on bank loans, making the potential economic risks should not be ignored. The introduction of real estate investment trusts (REITs, Real Estate Investment Trust) model, which will helps to expand real estate financing and decentralize banking system risk.To achieve unit-holder’s maximum investment value on a certain level of risk is the most key objectives of REITs and the basis for its further development in the future. By corporate investment strategy documents, centralized investment strategies of enterprises have a better performance. Because of the lack of C-REITs(China’s REITs) case, and the lack of domestic real case studies and empirical data available for research,at the same time, broadening the financing channels and releasing bank credit stress is the real needs of the development of REITs. From both profitability and risk, the article will apply some of the most widely used quantitative and quality indicators to measure and assess performance on the seven different types of investment property of Singapore Public REITs. Conclusion:There have differences between the profitability of REITs and investment risk caused by concentrated investments in different types of real estate.By use of SWOT-CLPV matrix model, the article will make a combination analysis of qualitative and quantitative of development of REITs. At the end of the article, I will sum up the above analysis, and making recommendations for revelation and development of C-REITs.Chapter Ⅰ Introduction provides an overview of background, starting point, literature, content, method and framework of this research.Chapter Ⅱ Overview of correlation theory related to this research.Chapter Ⅲ Take S-REITs for example, measuring evaluation of the performance level of the real estate investment trust fund. Based on Singapore REITs financial performance analysis and comprehensive understanding REITs profitability and risk characteristics, by use of SWOT-CLPV matrix model, the article will make a combination analysis of qualitative and quantitative of development of REITs.Chapter Ⅳ Through the Singapore case and combine with the analysis of development trend of real estate investment trusts in China, determining C-REITs portfolio and making recommendations for revelation and development of C-REITs.