Pricing analysis of Dong Wu Su Yuan Industry based on the pricing model of public REITs

Given that infrastructure public REITs in China are still the early stage of development, this paper firstly reviews their current status from relevant sources and briefly describes definitions, development main characteristics. The option-adjusted spread method based on Monte Carlo simulation is chosen as pricing model. term adjusted needs to consider interest rate structure, so CIR model used structure for forecasting, three parameter values obtained by fitting brought into using obtain 1000 forward paths, spot according curve path, combine with option OAS discount present values. average value result. Comparing result market value, it found two basically equal. This shows can evaluate more scientifically reasonably.