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目前,我国的老龄化的现象日益严重,人们对于机构养老的需求也飞速增加,养老地产作为社会养老服务的重要载体,吸引了众多投资者的关注,很多房企、医疗和保险公司都开始投身于养老地产的开发建设中来。但鉴于养老地产还处于一个初始阶段,其投资周期较长,资金需求量也相对较大,投资风险较高。因此,如何保证养老地产行业获取充足的资金支持其发展是一个亟待解决的关键问题。本文从内源融资的角度对养老地产的融资模式进行研究,以养老地产的沪深上市企业为数据基础,构建综合盈利能力模型,进而提出优化内源融资的建议。
At present, the phenomenon of aging in our country is getting worse day by day. People’s demand for institutional pension is also rapidly increasing. As an important carrier of social pension services, pension-related real estate has drawn the attention of many investors. Many enterprises, medical and insurance companies are beginning to devote themselves to In the development and construction of pension property come. However, given the fact that pension-related properties are still in an initial stage, their investment cycle is relatively long and their capital requirements are relatively large with a high investment risk. Therefore, how to ensure that the pension real estate industry to obtain sufficient funds to support its development is a key issue to be solved. This paper studies the financing model of pension real estate from the perspective of endogenous financing and takes the listed Shanghai and Shenzhen listed companies as the data foundation to build a comprehensive profitability model and then puts forward some suggestions to optimize the endogenous financing.