The growth rate of performance of large-scale real estate companies slowed last year, and this year or more companies have negative growth |

Original caption: Last year, the growth rate of large-scale real estate companies slowed

Despite the impact of the epidemic last year, real estate companiesSalesThe scale continues to grow, but the growth rate has slowed significantly.StatisticsData shows that in 2020, the cumulative sales scale of the top 100 real estate companies has achieved growth of nearly 13%, but the internal differentiation is also obvious, and there are still large-scale real estate companies.PerformanceobjectivesThe ending situation is not ideal, but there are also somecompanyNegative growth. Industry experts predict that, under pressure from the “three red lines,” real estate companiesinvestmentMomentum for expansion and scale expansion will slow further, and the growth rate of companies will generally decline in 2021. More companies with negative return growth, and even leading companies in real estate, are not ruled out. .

According to data from the Crane Research Center, in December 2020, the top 100 real estate companies achieved a sales amount of 1.535.03 billion yuan, a single-month performance.Year with yearAn increase of 20.6%,Chain relationshipAn increase of 27.7%. At the end of December, the cumulative sales amount of the top 100 real estate companies reached 11483.94 billion yuan, an increase of 13.3% over 2019.

Crane Research Center noted that from the perspective of annual performance trends, industry sales in the first quarter were the hardest hit by the epidemic.marketRecovering gradually, the one-month performance of the top 100 real estate companies turned positive in April on-year and steadily improved. In the second half of the year, the rate of supply and sale of real estate companies decreased and the volume of supply increased significantly. In the fourth quarter, the pressure of market competition increased significantly,Desalination rateUnder pressure, the annual growth rate of the top 100 real estate companies in a single month has continued to decline since August.

Judging by the growth rates of the return of the 45 large-scale listed real estate companies (mainly concentrated in the TOP50) selected by Cres 19% of the year slowed to 11.2%. Among the 45 companies, 28 real estate companies have slowed significantly and 5 real estate companies have had negative growth.

The Crane Research Center believes that, as the current leader in the industry’s top 100, the slowdown in performance growth of these large-scale listed real estate companies is also a sign of increasing pressure on the industry.

The Middle Finger Research Institute also noted that in recent years, thereal estateUnder regulatory policies, the pace of industry development has gradually stabilized, and the performance growth of tens of billions of companies has gradually slowed.qualitygrowth of. From a data point of view, tens of billions of companies in 2020SalesThe average growth rate was 14.4%, well below the 49.3% in 2016. The industry has clearly entered the channel of slowdown and the search for stability.

Also, from the perspective of the rate of completion of real estate sales targets, overall compliance is not as good as in previous years. According to statistics from the Crane Research Center, although most of the large-scale real estate companies that have set performance targets for the year have completed their annual performance targets, there are even 5 real estate companies from Evergrande, Jinmao, Binjiang, Yuexiu and Times in November. The full-year target was completed ahead of schedule, but overall, the overall performance of companies affected by the epidemic in 2020 is not very satisfactory, and the number of real estate companies with a target compliance rate of more than 110 % is less than in 2019.

Crane Research Center noted that under current industry competition, the growth rate of large real estate companies has slowed,OperatingThe pressure increased. At the same time, withMarket ResourcesThe agglomeration of dominant companies, the growth space of small and medium-sized real estate companies is further restricted, and the pressure of scale competition is increasing, especially in September this year.real estateAfter the trial implementation of the “three red lines” of the new asset regulation, corporate financing has tightened even more, which has had some impact on the pace of investment, development and sales. Future high leverage, highpassiveOperating modelUnsustainable, forcing real estate companies to balanceFinanceLeverage, improve operational management and control efficiency, deepen sales channels and acceleratecashReflux.

Looking ahead to 2021, the Crane Research Center predicts that under the pressure of the “three red lines,” the momentum for investment and scaling up of real estate companies will slow further. With the general decline in scale and negative partial growth of real estate companies last year, the growth rate of companies in general will decline in 2021. It is not ruled out that more companies with negative return growth and even leading real estate companies will appear .

(Article source:ValuesTimes Network)

(Responsible editor: DF386)