The Prologis China Warehouse REIT, managed by China Asset Management, saw overwhelming demand during its public offering, leading to an early closure and triggering a pro-rata allocation system. The final allocation ratio for public investors was confirmed at 5.83%, while institutional investors received an even lower ratio of 0.68%.

Launched on November 11, the REIT was fully subscribed within a single day, exceeding its initial fundraising target. During the book-building phase, institutional demand reached 235.8 times the offered amount. Priced at 6.121 yuan per unit with 400 million units available, the REIT aims to raise approximately 2.45 billion yuan, including 220.36 million yuan from public investors.

This REIT, jointly developed by Prologis, China Asset Management, and CITIC Securities, holds three premium logistics assets in Guangdong-Hong Kong-Macao Greater Bay Area: Prologis Guangzhou Development District Logistics Center, Prologis Dongguan Shipai Logistics Center, and Prologis Dongguan Hongmei Logistics Center. These facilities serve high-growth sectors like e-commerce, manufacturing, and third-party logistics, generating stable cash flows.

Meanwhile, China's REIT market showed signs of stabilization, with the CSI REITs Total Return Index gaining 0.86% this week, closing at 1,050.45 points on November 14. After peaking at 1,124.91 points in late June, the index had declined over 6.6% during a four-month correction but maintains an 8.53% year-to-date gain.

Among 77 listed REITs, 56 posted weekly gains, led by industrial parks, highways, rental housing, and warehouse logistics sectors. CICC Linkone Technology Park REIT topped performers with a 6.24% weekly rise, followed by CICC Shandong Expressway REIT (5.18%) and China Merchants Shekou Rental Housing REIT (4.10%). Nine REITs have delivered over 30% returns this year, with GWS-Wumart Consumption REIT leading at over 50% growth, highlighting strong performance in consumer infrastructure assets.

Twenty REITs declined this week, including Huatai Nanjing Jianye REIT (-6.58%) and CICC Chongqing Liangjiang REIT (-5%+).