• Statutory profit of $1.3m, up 106% from prior year
• Operating profit of $5.2m, up 24.8% from prior year
• Distributions of 3.0cps for the year

360 Capital REIT has reported a statutory profit of $1.3 million for the year ended 30 June 2025, a 106% increase from the prior year loss of $21.9 million. The result included a fair value loss on revaluation of investment properties of $4.5 million. Operating profit, which the Responsible Entity considers to reflect the core earnings of the Fund, increased 24.8% to $5.2 million. The increase in operating profit was contributed to by a reduction in finance costs of $1.1 million following the repayment of borrowings from proceeds of the entitlement offer in March 2024. Distributions for the year were 3.0 cents per security, down from 5.25 cents per security in the prior year, as quarterly distributions were rebased to 0.75 cents per security from the June 2024 quarter. The Fund's property portfolio comprises three modern properties valued at $201.0 million, with a weighted average lease expiry of 6.4 years and occupancy of 93.4%. The portfolio was externally valued as at 30 June 2025, with the weighted average capitalisation rate increasing from 6.16% to 6.43%. During the year, the Fund completed the leasing of the remaining vacancies at 38 Sydney Avenue, Forrest ACT, with Level 2 at 510 Church Street, Cremorne VIC the only remaining vacancy in the portfolio. The Fund refinanced its existing finance facility for a term of three years expiring in August 2027 at a reduced margin, with the facility limit decreased from $84.0 million to $80.0 million. Gearing was 35.5% as at 30 June 2025.

The Fund expects to maintain its current distribution rate of 3.0 cents per security per annum for the 2026 financial year.

The Responsible Entity remains focused on actively managing the Fund's property portfolio to drive income and capital growth, while exploring opportunities to further diversify the portfolio and enhance returns for securityholders.