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在经营业绩再创新高的同时,房地产上市公司的财富创造能力有所减弱,资金压力持续加大,财务风险进一步提高近期,“房地产上市公司TOP10”研究组对125家在沪深上市和35家大陆在港上市房地产公司进行研究。结果表明,2011年房地产上市公司的运营表现出经营业绩增速放缓、股东回报稳步提升、财富创造能力整体下降、资金面持续趋紧的态势。2012年1～5月,央行两次降低存款准备金率,同时房地产上市公司加大营销力度,提升项目去化率,部分城市房地产市场交易有所回暖,但短期内房地产调控政策依然不会放松,房地产上市公司的资金来源增速继续放缓,快速销售、融资创新以及“开源节流”保障现金流安全仍然是房地产上市公司未来需要重点关注的
While operating performance hit a new high, real estate listed companies weakened the ability to create wealth, financial pressure continued to increase, to further improve financial risk Recently, “real estate listed companies TOP10 ” research group on the 125 in Shanghai and Shenzhen and 35 Mainland listed real estate companies in Hong Kong to conduct research. The results show that the operation of listed real estate companies in 2011 showed a slowdown in operating performance, a steady increase in shareholder returns, an overall decline in wealth creation capability and a sustained tightening of funding. From January to May 2012, the central bank twice lowered the deposit reserve ratio. At the same time, listed real estate companies increased their marketing efforts to increase the project’s de-duplication rate. Transactions in real estate markets in some cities were somewhat warmer, but real estate control policies will not be relaxed in the short term , Real estate listed companies continue to slow down the growth of sources of funding, rapid sales, financing innovation and “revenue and expenditure ” to protect cash flow security is still the real estate listed companies need to focus on the future