Overview of the business model of property companies
The essence of property management is to provide basic management services and value-added services to the communities that have been signed and managed, so a certain management fee is charged.
is divided according to asset categories: Property management can be divided into two categories: residential and non-residential, among which non-residential include office buildings, shopping centers, public construction city services, etc.
is divided according to the income structure: Property management revenue can be roughly divided into three categories: basic property management, owner value-added services and non-owner value-added services.
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Key points of growth of property companies
Basic property: Low frequency (monthly, quarterly, annual advance payment)Property fees: The price of property fees is the result of negotiation between the property company and the property management committee, and is supervised by the Price Bureau.
in management area: in management area increases on the one hand from the completion data of the real estate parent company, and on the other hand from the external expansion of the property management team, such as adding commercial writing and urban services to make up for the business format. The non-residential property fees and profit margins are slightly higher than those in residential communities.
property industry Matthew effect intensified, market share further concentrated into the head, and the market volume of TOP10 property companies has continued to increase in the past three years.
Leading property company Total market value:
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Leading property company operating income:
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Leading property company net profit:
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High property company combined with the company's fundamentals and share price potential, property company investment can be divided into two layers :
1. Short-term real estate fundamentals stabilize, private enterprise risks are lifted, bringing the valuation of private enterprise property valuation: Key recommendations Country Garden Service , Xuhui Yongsheng Service
2. Mainly stable, share the company's stable income and profit growth rate, and obtain EPS growth income: China Overseas Property , Poly Property , HTML service .
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