{"id":35770,"date":"2025-05-22T05:06:04","date_gmt":"2025-05-22T05:06:04","guid":{"rendered":"https:\/\/ramgroup.com\/in-the-media-zh-hant\/3-benefits-healthcare-properties-can-offer-investors\/"},"modified":"2025-05-29T00:26:16","modified_gmt":"2025-05-29T00:26:16","slug":"3-benefits-healthcare-properties-can-offer-investors","status":"publish","type":"post","link":"https:\/\/ramgroup.com\/zh-hant\/updates-insights-zh-hant\/3-benefits-healthcare-properties-can-offer-investors\/","title":{"rendered":"\u91ab\u7642\u5730\u7522\u7684\u4e09\u5927\u6295\u8cc7\u512a\u52e2"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u5728\u8003\u616e\u5982\u4f55\u5728\u6295\u8cc7\u7d44\u5408\u4e2d\u914d\u7f6e\u623f\u5730\u7522\u8cc7\u7522\u6642\uff0c\u9664\u4e86\u8981\u8a55\u4f30\u6536\u76ca\u6f5b\u529b\u548c\u98a8\u96aa\u63a7\u5236\uff0c\u9084\u9700\u8981\u601d\u8003\u5e7e\u500b\u6838\u5fc3\u554f\u984c:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u8cc7\u7522\u914d\u7f6e\u6bd4\u4f8b\uff1a<\/strong>\u623f\u5730\u7522\u53ef\u70ba\u6295\u8cc7\u7d44\u5408\u5e36\u4f86\u7a69\u5b9a\u6536\u5165\u3001\u8cc7\u672c\u589e\u503c\u8207\u5206\u6563\u98a8\u96aa\u7684\u6548\u76ca\u3002<\/li>\n\n\n\n<li><strong>\u6295\u8cc7\u985e\u5225\uff1a<\/strong>\u4f4f\u5b85\u3001\u5546\u696d\u3001\u5de5\u696d\uff0c\u9084\u662f\u5176\u4ed6\u9818\u57df\uff1f\u4e0d\u540c\u9818\u57df\u7684\u589e\u9577\u52d5\u80fd\u548c\u9031\u671f\u6027\u5404\u4e0d\u76f8\u540c\u3002<\/li>\n\n\n\n<li><strong>\u6295\u8cc7\u5de5\u5177\uff1a<\/strong>\u4f8b\u5982\u6fb3\u6d32\u4e0a\u5e02\u623f\u5730\u7522\u4fe1\u8a17\uff08A-REITs\uff09\u63d0\u4f9b\u6d41\u52d5\u6027\uff0c\u800c\u975e\u4e0a\u5e02\u7269\u696d\u57fa\u91d1\u5247\u50be\u5411\u6301\u6709\u512a\u8cea\u6a5f\u69cb\u7d1a\u8cc7\u7522\u4e26\u5e36\u4f86\u7a69\u5b9a\u4f30\u503c\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u7136\u800c\uff0c\u60a8\u6709\u5426\u8003\u616e\u904e\u91ab\u7642\u5730\u7522\uff0c\u60a8\u53c8\u662f\u5426\u4e86\u89e3\u6fb3\u6d32\u91ab\u7642\u5730\u7522\u7684\u512a\u52e2?<\/p>\n\n\n\n<h3 class=\"wp-block-heading heading-bookmark\"><strong>\u91ab\u7642\u8cc7\u7522\u7684\u4e09\u5927\u5438\u5f15\u529b<\/strong><strong> <\/strong><strong><\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>\u7a69\u5b9a\u7684\u79df\u6236\u8207\u9577\u671f\u79df\u7d04<\/strong><strong><br><\/strong>\u91ab\u7642\u71df\u904b\u5546\u901a\u5e38\u7c3d\u8a02\u70ba\u671f10\u81f315\u5e74\u751a\u81f3\u66f4\u9577\u7684\u79df\u7d04\uff0c\u5e36\u4f86\u7a69\u5b9a\u7684\u73fe\u91d1\u6d41\u3002\u800c\u9019\u985e\u8cc7\u7522\u7684\u9055\u7d04\u7387\u548c\u7a7a\u7f6e\u7387\uff0c\u6b77\u4f86\u6bd4\u96f6\u552e\u6216\u8fa6\u516c\u6a13\u66f4\u4f4e\u3002<br>RAM\u57f7\u884c\u8463\u4e8b\u66a8\u623f\u5730\u7522\u4e3b\u7ba1Matthew Strotton\u6307\u51fa\uff1a\u300c\u9577\u79df\u671f\u4ee3\u8868\u7a69\u5b9a\u6536\u5165\uff0c\u5e74\u79df\u91d1\u905e\u589e\u66f4\u63d0\u4f9b\u53ef\u9810\u6e2c\u7684\u56de\u5831\u3002\u300d<\/li>\n\n\n\n<li><strong>\u8f03\u4f4e\u7684\u6ce2\u52d5\u6027\u8207\u8cc7\u672c\u652f\u51fa\u98a8\u96aa<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u6fb3\u6d32\uff0c\u91ab\u7642\u7269\u696d\u5e38\u898b\u4e09\u91cd\u79df\u7d04\uff08Triple Net Lease\uff09\u67b6\u69cb\uff0c\u7531\u79df\u6236\u8ca0\u8cac\u5730\u7a05\u3001\u4fdd\u96aa\u53ca\u7dad\u4fee\u4fdd\u990a\u3002\u9019\u610f\u5473\u8457\uff0c\u91ab\u7642\u71df\u904b\u5546\u4e0d\u4f46\u63d0\u4f9b\u670d\u52d9\uff0c\u4e5f\u8ca0\u8cac\u8cc7\u7522\u7dad\u8b77\u3002Strotton\u6307\u51fa\uff1a\u300c\u55ae\u4e00\u79df\u6236\u7684\u4e09\u91cd\u79df\u7d04\u70ba\u6295\u8cc7\u8005\u63d0\u4f9b\u5438\u5f15\u7684\u6536\u76ca\uff0c\u4e14\u8cc7\u672c\u652f\u51fa\u98a8\u96aa\u6975\u4f4e\u3002\u300d<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u9ad8\u5ea6\u5206\u6563\u8207\u6210\u9577\u6f5b\u529b<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u91ab\u7642\u8cc7\u7522\u4e0d\u53ea\u9650\u65bc\u5927\u578b\u91ab\u9662\uff0c\u9084\u6db5\u84cb\u793e\u5340\u578b\u91ab\u7642\u8a2d\u65bd\uff0c\u5982\u5f71\u50cf\u8a3a\u65b7\u3001\u65e5\u9593\u624b\u8853\u3001\u75c5\u7406\u6aa2\u9a57\u7b49\u8f14\u52a9\u91ab\u7642\u670d\u52d9\uff0c\u9019\u985e\u9700\u6c42\u6b63\u8fc5\u901f\u589e\u9577\u3002Strotton\u8868\u793a\uff1a\u300c\u9019\u4f7f\u6295\u8cc7\u8005\u80fd\u5728\u4e0d\u540c\u5730\u5340\u8207\u91ab\u7642\u5b50\u9818\u57df\u4e2d\u5be6\u73fe\u5206\u6563\u5e03\u5c40\uff0c\u964d\u4f4e\u55ae\u4e00\u98a8\u96aa\u66b4\u9732\u3002\u300d<\/p>\n\n\n\n<h3 class=\"wp-block-heading heading-bookmark\"><strong>\u6fb3\u6d32\u79c1\u71df\u91ab\u7642\u5e02\u5834 <\/strong><strong><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u6c7a\u5b9a\u6295\u8cc7\u81f3\u91ab\u7642\u677f\u584a\u524d\uff0c\u60a8\u81ea\u7136\u6703\u8003\u616e\u6574\u500b\u91ab\u7642\u9ad4\u7cfb\u548c\u79c1\u71df\u91ab\u7642\u5e02\u5834\u7684\u7a69\u5b9a\u6027\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6fb3\u6d32\u806f\u90a6\u653f\u5e9c\u6700\u8fd1\u5c0d\u570b\u5167\u91ab\u7642\u884c\u696d\u9032\u884c\u4e86\u5168\u9762\u5be9\u8996\uff0c\u6db5\u84cb\u75c5\u4eba\u9700\u6c42\u3001\u91ab\u7642\u4eba\u529b\u8207\u884c\u696d\u76c8\u5229\u80fd\u529b\u3002RAM\u5728\u6b64\u70ba\u60a8\u7e3d\u7d50\u8abf\u67e5\u7d50\u679c\u548c\u6211\u5011\u76f8\u61c9\u7684\u6295\u8cc7\u7ba1\u7406\u7b56\u7565\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>\u9805<\/strong><strong>\u76ee<\/strong><strong><\/strong><\/td><td>\u806f\u90a6\u653f\u5e9c\u5831\u544a\u5206\u6790<\/td><td>RAM\u89c0\u9ede<\/td><\/tr><\/thead><tbody><tr><td><strong>\u79c1\u71df\u91ab\u9662\u4f4f\u9662\u9700\u6c42<\/strong><strong><\/strong><\/td><td>\u79c1\u71df\u4f4f\u9662\u4f54\u6bd4\u753140.3%\uff082018\/19\u8ca1\u5e74\uff09\u5347\u81f341.2%\uff082022\/23\u8ca1\u5e74\uff09<\/td><td>\u5e02\u5834\u4f54\u6709\u7387\u6301\u7e8c\u63d0\u5347<\/td><\/tr><tr><td><strong>\u75c5\u4eba\u985e\u578b<\/strong><strong><\/strong><\/td><td>74%\u4ee5\u4e0a\u75c5\u4eba\u572824\u5c0f\u6642\u5167\u51fa\u9662<\/td><td>\u65e5\u9593\u624b\u8853\u6210\u70ba\u4e3b\u8981\u589e\u9577\u9ede<\/td><\/tr><tr><td><strong>\u9700\u6c42\u8da8\u52e2<\/strong><strong><\/strong><\/td><td>\u57282018\/19\u5e74\u81f32022\/23\u8ca1\u5e74\u9593\uff0c\u65e5\u9593\u624b\u8853\u5e74\u589e\u95772.66%\uff0c\u9060\u9ad8\u65bc\u904e\u591c\u4f4f\u9662\u76840.22%<\/td><td>\u975e\u6025\u6027\u7576\u5929\u624b\u8853\u9700\u6c42\u6b63\u5728\u5feb\u901f\u589e\u9577\uff0cRAM\u65e9\u5df2\u8abf\u6574\u6211\u5011\u7684\u623f\u5730\u7522\u65b9\u6848\u53bb\u8fce\u5408\u6b64\u8da8\u52e2\u3002<\/td><\/tr><tr><td><strong>EBITDA<\/strong><strong>\u5229\u6f64\u7387<\/strong><strong><\/strong><\/td><td>2022\/23\u8ca1\u5e74\uff0c\u6fb3\u6d32\u79c1\u71df\u91ab\u7642\u884c\u696d\u7684\u52a0\u6b0a\u5e73\u5747EBITDA\u5229\u6f64\u7387\u7d04\u70ba7\u20138%\u3002<\/td><td>\u5118\u7ba1\u76f8\u6bd4\u75ab\u60c5\u524d\u7565\u6709\u6536\u7a84\uff0c\u4f46\u6574\u9ad4\u76c8\u5229\u80fd\u529b\u6b63\u9010\u6b65\u56de\u5347\u3002<\/td><\/tr><tr><td><strong>\u79c1\u71df\u5a66\u7522\u79d1<\/strong><strong><\/strong><\/td><td>\u79c1\u71df\u5a66\u7522\u79d1\u670d\u52d9\u6b63\u9762\u5c0d\u591a\u91cd\u6311\u6230\uff0c\u5305\u62ec\u81ea\u8cbb\u958b\u652f\u4e0a\u5347\u3001\u751f\u80b2\u7387\u4e0b\u964d\uff0c\u4ee5\u53ca\u4eba\u624b\u77ed\u7f3a\u7b49\u7d50\u69cb\u6027\u56e0\u7d20\u3002<\/td><td>\u5728\u8003\u616e\u76f8\u95dc\u8cc7\u7522\u914d\u7f6e\u6642\uff0c\u9700\u4fdd\u6301\u5be9\u614e\u614b\u5ea6\u3002<\/td><\/tr><tr><td><strong>\u79c1\u71df\u7cbe\u795e\u5065\u5eb7<\/strong><strong>\u79d1<\/strong><strong><\/strong><\/td><td>\u79c1\u71df\u7cbe\u795e\u5065\u5eb7\u670d\u52d9\u540c\u6a23\u53d7\u5230\u4eba\u624b\u4e0d\u8db3\u7684\u5f71\u97ff\u3002<\/td><td>RAM\u9078\u64c7\u8207\u5177\u5099\u5c08\u79d1\u91ab\u7642\u4eba\u54e1\u7684\u5f37\u5927\u71df\u904b\u5546\u5408\u4f5c\u3002\u503c\u5f97\u7559\u610f\u7684\u662f\uff0c2019-2023\u8ca1\u5e74\uff0c\u7cbe\u795e\u79d1\u4f4f\u9662\u91ab\u751f\u4eba\u6578\u6309\u5e74\u589e\u9577<strong>7.42%<\/strong>\uff0c\u6709\u52a9\u7d13\u7de9\u4eba\u624b\u58d3\u529b\u3002 \u66f4\u5ee3\u6cdb\u800c\u8a00\uff0c\u5275\u7d00\u9304\u7684\u79fb\u6c11\u6c34\u5e73\u4ea6\u5c0d\u6574\u500b\u91ab\u7642\u884c\u696d\u7684\u4eba\u529b\u8cc7\u6e90\u4f9b\u61c9\u5e36\u4f86\u6b63\u9762\u5f71\u97ff\uff0c\u8207\u5176\u4ed6\u884c\u696d\u76f8\u4f3c\uff0c\u9010\u6b65\u7de9\u89e3\u52de\u52d5\u529b\u77ed\u7f3a\u554f\u984c\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u5831\u544a\u986f\u793a\uff0c\u65e5\u9593\u624b\u8853\u7684\u9700\u6c42\u6b63\u5728\u5feb\u901f\u589e\u9577\uff0c\u540c\u6642\u6574\u9ad4\u91ab\u9662\u677f\u584a\u7684\u53ef\u6301\u7e8c\u5e73\u5747\u5229\u6f64\u7387\u4ea6\u9010\u6f38\u56de\u7a69\u3002\u96a8\u7740\u75ab\u60c5\u5f8c\u7d93\u71df\u5229\u6f64\u9010\u6b65\u7a69\u5b9a\uff0c\u79c1\u71df\u91ab\u7642\u7cfb\u7d71\u5728\u4f4f\u9662\u670d\u52d9\u4e2d\u7684\u89d2\u8272\u8d8a\u4f86\u8d8a\u91cd\u8981\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u76ee\u524d\uff0c\u7d0470%\u7684\u9078\u64c7\u6027\u624b\u8853\u65bc\u79c1\u71df\u91ab\u7642\u6a5f\u69cb\u9032\u884c\uff0c\u800c\u79c1\u71df\u91ab\u9662\u75c5\u4eba\u4e2d\u6709\u9ad8\u905474%\u70ba\u7576\u65e5\u51fa\u9662\uff0c\u5275\u4e0b\u6b77\u53f2\u65b0\u9ad8\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9019\u4e00\u8da8\u52e2\u4ea6\u9ad4\u73fe\u5728RAM\u57fa\u790e\u670d\u52d9\u623f\u5730\u7522\u57fa\u91d1\uff08REP\uff09\u7684\u8cc7\u7522\u914d\u7f6e\u4e0a\u3002\u8a72\u57fa\u91d1\u5c0d\u904e\u591c\u79c1\u71df\u91ab\u9662\u7684\u66dd\u96aa\u975e\u5e38\u6709\u9650\uff0c\u8cc7\u7522\u7d44\u5408\u66f4\u5c08\u6ce8\u65bc\u65e5\u9593\u91ab\u7642\u53ca\u793e\u5340\u578b\u91ab\u7642\u8a2d\u65bd\uff0c\u4ee5\u66f4\u597d\u6355\u6349\u6b64\u9577\u671f\u7d50\u69cb\u6027\u589e\u9577\u6a5f\u6703\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading heading-bookmark\"><strong>\u5805\u5be6\u76c8\u5229\u57fa\u790e\u652f\u6301\u6295\u8cc7<\/strong><strong><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6839\u64da\u6fb3\u6d32\u7d71\u8a08\u5c40\uff08ABS\uff09\u6700\u65b0\u5831\u544a\uff0c\u572819\u500b\u4e3b\u8981\u884c\u696d\u5206\u985e\u4e2d\uff0c\u79c1\u71df\u91ab\u7642\u8207\u793e\u6703\u670d\u52d9\u884c\u696d\u7684EBITDA\u5229\u6f64\u7387\u6392\u540d\u7b2c\u516b\uff0c\u9054\u5230\u5065\u5eb7\u768416.3%\u3002\u96d6\u7136\u7565\u4f4e\u65bc\u75ab\u60c5\u524d\uff082018\u5e746\u6708\u70ba18.2%\uff09\u7684\u6c34\u5e73\uff0c\u4f46\u81ea2014\u5e74\u4ee5\u4f86\u6574\u9ad4\u5229\u6f64\u7387\u8868\u73fe\u7a69\u5b9a\u3002<\/p>\n\n\n\n<p 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