China Southern SF Express Closed Infrastructure REIT
SSZSE:1803053.41
CNY
+0.01
(+0.24%)
ISIN
CNE100006VT8
Return %
Stock
S&P 500
1Y
-14.06
13.14
3Y
- -
80.78
5Y
- -
67.74
Capital Structure
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- Sector
- Finance
- Industry
- Real estate investment trusts
- Address
- Shenzhen China
- Similar Companies
- Business
- China Southern SF Express Closed Infrastructure REIT (SZSE: 180305) is a China-based publicly traded real estate investment trust specializing in the acquisition, ownership, leasing, and operation of high-standard logistics and warehousing infrastructure assets. Established in March 2025 and headquartered in Shenzhen, Guangdong Province, the fund operates as a closed-end infrastructure securities investment fund managed by China Southern Asset Management Co., Ltd., with China Merchants Bank Co., Ltd. serving as the fund custodian and SF Holding Co., Ltd. acting as the strategic industry sponsor and primary asset originator. The trust holds infrastructure project companies through asset-backed securities structures, securing absolute operational and economic ownership of modern distribution facilities situated in vital transport hubs across mainland China. The fund generates its revenue primarily through real estate leasing agreements, property operations, and value-added park services across a portfolio encompassing approximately 465,000 square meters of leasable area. Its primary products and service offerings include: modern high-specification logistics warehousing and ambient space leasing; automated express sorting hubs and cross-docking terminal facilities; temperature-controlled storage and cold-chain logistics centers; aviation-linked and multi-modal distribution infrastructure; comprehensive industrial park property management and security services; tenant-tailored facility maintenance, engineering, and green energy management; and infrastructure investment units providing cash distributions derived from underlying rental yields and operational cash flows. The trust serves express logistics operators, third-party logistics (3PL) service providers, e-commerce platforms, fast-moving consumer goods companies, and cold-chain distributors, with core properties strategically located in Shenzhen (Guangdong Province), Wuhan (Hubei Province), and Hefei (Anhui Province), operated on-site by Shenzhen Fengtai Industrial Park Management Service Co., Ltd. In recent developments, the fund completed its initial public offering and officially listed on the Shenzhen Stock Exchange in April 2025, marking a significant milestone in the securitization of tier-one private logistics assets in China. Since its listing, the REIT has maintained stable operational execution, sustaining an aggregate portfolio occupancy rate of approximately 92.4% supported by long-term leases with SF Express affiliates and external commercial tenants. Across 2025 and the first half of 2026, the fund executed multiple cash dividend distributions totaling more than RMB 121 million, fulfilling its mandate to distribute at least 90% of annual distributable cash flow to unitholders. Additionally, in early 2026, the fund disclosed strategic optimizations regarding the reallocation of capital recycled by the original asset权益 owners, redirecting investment proceeds toward high-efficiency regional logistics hubs and smart warehousing expansions across SF Holding's broader domestic logistics network.