【中文版】

REITs，全称为房地产投资信托基金（Real Estate Investment Trusts），是一种以发行收益凭证的方式汇集特定多数投资者的资金，由专门投资机构进行房地产投资经营管理，并将投资综合收益按比例分配给投资者的一种信托基金。

REITs可以通过多种方式投资于房地产，包括购买物业、进行物业改造或开发等，其收益主要来源于租金收入和房地产增值。REITs可以在证券交易所上市交易，其价格受市场供求关系和房地产市场状况的影响。

REITs的优点在于，它可以为投资者提供相对稳定的收益和较低的风险。此外，REITs还可以提供多样化的投资选择，包括不同类型的房地产资产，例如商业地产、住宅地产、工业地产等。这使得REITs成为一种相对稳定的投资工具，特别适合那些希望获得长期稳定收益的投资者。

【英文版】

REITs, short for Real Estate Investment Trusts, are a type of trust fund that pools the funds of specific investors through the issuance of income certificates, invests in real estate assets through specialized investment management institutions, and distributes the investment's comprehensive returns to investors in proportion.

REITs can invest in real estate through various methods, including purchasing properties, renovating properties, or developing new properties. Their income mainly comes from rental income and real estate appreciation. REITs can be listed and traded on securities exchanges, and their prices are influenced by market supply and demand as well as the state of the real estate market.

The advantages of REITs lie in providing investors with relatively stable returns and low risks. In addition, REITs offer diversified investment options, including different types of real estate assets such as commercial real estate, residential real estate, industrial real estate, etc. This makes REITs a relatively stable investment tool, especially suitable for investors who want to obtain long-term stable returns.