Wanda Rental Income Into "New Engine"

The growth rate of rental income far exceeds the overall revenue growth, which means that the proportion of Wanda Commercial rental income to profits has increased rapidly.

In the next one or two years, Wanda's commercial rental revenue is expected to exceed 50% of its profits and become the main source of profits.

In the second half of the year, Wanda will launch 6 mergers and acquisitions.

Wanda Commercial as the main capital platform of Wanda Group's commercial real estate sector listed in Hong Kong, the new property holdings in 2014 had 4 million 527 thousand square meters of property and accumulated 21 million 566 thousand square meters of property area, an increase of 26.5% over the same period last year.

Wang Jianlin, chairman of Wanda Group, emphasized that the above figure is only the property area owned by Wanda Commercial real estate company, excluding the property area owned by the group.

That is to say, the Wanda Group still has a part of the commercial possession that has not been loaded into the Wanda business platform.

For the holding mode of commercial real estate, Wang Jianlin once said that a century old shop should insist on its own property and not only be a developer.

In fact, such as Hong Kong Housing enterprises such as Kowloon warehouse, Hang Lung real estate and Swire property, has always been a pioneer of the holding type of business, and has become the target of Wanda catching up with others.

Wanda Commercial chairman Ding Benxi said in his annual report last year that Wanda business has become one of the largest real estate enterprises in the world from the scale of property. The gross profit margin and profit contribution of property leasing and business management business have been further enhanced, making Wanda Commercial enough to withstand the cyclical fluctuation risk of the real estate industry.

In the first half of this year, Wanda business realized revenue of 73 billion 410 million yuan, completing 101% of the first half plan, an increase of 12% over the same period last year.

Among them, the rental income reached 7 billion 20 million yuan, 102% of the first half of the plan, an increase of 33.3% over the same period last year.

Wanda Group stressed that in the first half of the year, the commercial rent collection rate of Wanda reached 100%, and continued to maintain the global leading level.

In Wanda Group insiders, the rent growth rate far exceeds the income growth rate, which means Wanda Commercial rental income accounted for a rapid increase in profits.

"Within the next one or two years, Wanda Commercial rental income is expected to exceed 50% of profits and become the main source of profits. Wanda business will also pform from real estate enterprises to service oriented enterprises."

The first Taiping Davies stakeholders told reporters that the commercial property projects in the mainland of China now focus on property sales.

Bottlenecks have been encountered, and commercial real estate in many cities has fallen into structural oversupply.

Big, it is a test to the housing enterprise capital chain.

While the rate of return of the holding property is relatively stable and sustainable, it needs long-term cultivation.

In fact, support

The rapid rise is hundreds of Wanda Plaza, which is all over the country, from a second tier city to a three or four line city, such as its "Wanda Plaza is the city center". No matter from the port or the cost of development and holding, many housing enterprises are hard to catch up with.

Wanda Group disclosed that in the consumer market downturn and online consumption shocks, the first half of this year, Wanda Plaza passenger flow of 924 million passengers, an increase of 27.8% over the same period, and is expected to exceed 2 billion passengers throughout the year.