• Skip to primary navigation
  • Skip to main content
學投資俱樂部

學投資俱樂部

  • Investcoo
  • Club會員區
  • 訂閱價
  • 我的課程
    • 視像課程
      • A01-如何選擇高息股賺取被動收入(港股)
      • A04-如何利用免費工具幫你輕鬆投資(港股)
      • A05 跟分析員學投資揀股票 (Newbie)
      • A06-如何入場買美股(Newbie)
      • A07-用年金自製長糧
      • A08-ETF選股攻略(港股及美股)
    • 電子書
      • B01《如何入場買股票》(港股)(Newbie)
      • B02《上班族簡單投資攻略》(港股)
    • Patreon最新文章
  • 我的資料
    • 您的會籍
    • 編輯個人資料
    • 會員升級註冊
  • 關於
    • 關於我們
    • 私隱政策
  • 支援
  • 豋入|登出
  • Show Search
Hide Search

邊隻REITs派息高 股價撐得住?

房地產信托基金(REITs)曾經是不少食息一族的至愛,因為派息比較穩定,定期有現金收入,不過近年香港經濟環境轉弱,REITs的收入普遍都減少,以致股價表現乏善足陳,近期甚少人再談論呢類高息股。

受到2019年大型社會運動影響,加上2020年的肺炎疫情肆虐,令到經濟大受打擊,香港及大陸的REITs,業務大受影響,租金、物業出租率都受到不同程度的打擊,以致這類型的股份,過去一年出現一個大調整。


圖:REITs過去一年股價表現(截至11/2/2021年)

在本地的REITs中,跌得最傷的就是富豪產業(1881)一年股價跌了¼,達到25.4%,原因好很簡單,肺炎疫情重創酒店和旅遊業,令到基金收入大幅減少,更加出現虧損,雖然息率高達9厘,亦不能抵銷股價下跌的損失。

跟民生息息相關,原本有防守性的REITs領展(0823),亦都受到衝擊,股價跌了大約一成半。

冠君產業(2778)股價表現相對硬淨,受到肺炎疫症影響,去年上半年股價大幅下跌,不過幾個月反彈力度強,原因是資產質素靚,收入亦可維持穩定。

股價跌 息率自然高

REITs金的賣點就是息率吸引,股價跌得多,如果派息能夠維持穩定,息率是頗為吸引的,在香港上市的多隻REITs,在過去一個年,或在最近的中期業績中,都見到派息減少了。不過即使如是,息率普遍都比其他股份高。


圖:REITs股價表現及派息(截至11/2/2021年)

結語

近年香港以至全球的經濟受到肺炎疫症的打擊,所以以租金為主要收入來源的REITs,少不免亦都大受打擊,股價出現很大的調整,小股東收到股息,都不能抵銷股價下跌帶來的損失。不過,疫情可望受控,經濟或可逐漸回復過來,這類的高息股,收入或有機會回復正軌,至於派息方面,普遍都有6、7厘之多,頗為吸引,但有關的數字,仍未反映未來派息會否派少的影響。

另一方面,在低息環境之下,資金泛濫,熱錢四散,資金的重點在搵快錢,REITs短期內未必容易受到市場注視,投資REITs還是以長線和收息策略比較可取。

對高息股有興趣,亦可以考慮一下一些收租股。香港上市的收租股,不少的資產質素比REITs好,股價跟隨大圍大跌,息率也到吸引水平,有機會筆者會揀選一些優質的收租股來做一個檢閱。

Copyright © 2025 · 學投資 · Log in

  • 關於
  • 會員登入
  • 私隱政策
  • 支援
  • 關於我們
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT