房地产行业盈利模式专题报告之二：租金上行，朝花当拾

20111010??20080823%7%21.2%5.2%7.4%4.4%?REITS?0.06%0.03%?EPSPE1011E12E1011E12E6.10.590.580.7110.310.58.68.080.570.640.614.212.613.57.690.630.891.212.28.66.49.160.120.170.1975.652.447.12.970.060.120.1449.524.7521.212.060.750.931.2716.113.09.52011930010-60838249chencong@citics.comS1010510120047010-60836707yufu@citics.com?20?15?10?5051011010411030811050611070411082930012011—.......2011-09-052...............................................2011-08-0532011............2011-03-07......................................................................................................................................................................1..............................................................................................................................................................1............................................