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大悦城对于大悦城地产持有的重点投资物业(购物中心与写字楼)的持股比例上升后带来的净增租金收入水平
大悦城对于大悦城地产持有的重点投资物业(购物中心与写字楼)的持股比例上升后带来的净增租金收入水平
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所属报告:
大悦城(000031)-A股公司研究报告:增强优质商业资产掌控权-250804(18页).pdf
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全球药用级益生菌市场规模(百万美元)
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2026-07-30
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全球益生菌膳食补充剂市场规模及增速
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2026-07-30
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全球拥有AKK专利菌株的核心企业
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2026-07-30
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经营角度看,在开发业务承压背景下,增厚对于大悦城地产的权益,主要增厚的是对于大悦城地产持有的商业资产的权益。主要包括:1)14 个在营的大悦城 2024 年租金收入 30.23亿元,非租金收入约 6.52 亿元,从权益的角度来看,30.23 亿元租金收入中,大悦城地产权益租金收入约 16.6 亿元,占比约 55%,叠加等比例的非租金收入合计约 20 亿元。但有两点值得注意,一方面,天府大悦城 2023 年 12 月 20 日开业、厦门大悦城、三亚大悦城分别在 2024 年 9 月 30 日,10 月 1 日开业,经营时间均不长。另一方面,2025 年南昌大悦城、深圳大悦城开业,有望为公司贡献更多租金收入与利润。2)写字楼方面,3 个写字楼 2024 年租金收入 3.6 亿元,非租金收入约 0.58 亿元,权益角度,大悦城地产权益租金 收入约 2. 2 亿元,叠加等比例的非租金收入合计约 2.5 亿 元。所以大悦城地产主要购物中心和写字楼权益租金至少约 22.6 亿元,大悦城持股比例提升 26.6%,增厚权益租金约 6 亿元。
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大悦城(000031)-A股公司研究报告:增强优质商业资产掌控权-250804(18页).pdf
大悦城地产毛利率及归母净利率
大悦城地产营业收入及归母净利润
大悦城各业务毛利率水平
大悦城各业务毛利占比
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