New Real Estate Equity Investment and FY26 Earnings Upgrade

• Completed $10m structured preference equity investment in new private equity fund
• Forecast FY26 earnings increased 10% to 3.3cps
• Maintain FY26 distribution forecast at 3.0cps, 100% tax deferred

360 Capital FM Limited as responsible entity for 360 Capital REIT (ASX:TOT) has completed a $10 million structured preference equity investment in partnership with a new private equity fund, 360 Capital Private Equity Fund 1 (PEF1). PEF1 has contracted to acquire a block of new apartments near the Sydney CBD for $49.9 million, which it plans to sell down over the next 2 years. TOT will be entitled to a profit share upon the ordinary PEF1 equity reaching a certain return. TOT's current forecast earnings of 3.0cps for FY26 represented a 25% increase over FY25, and this has now been upgraded to 3.3cps, a 10% increase on previous forecasts. TOT will maintain its FY26 forecast distribution of 3.0cps, which are forecast to be 100% tax deferred. TOT is not forecasting any profit share from this investment in FY26 and will review this component of earnings in FY27.

TOT's FY26 earnings forecast has been increased to 3.3cps, a 10% increase over previous forecasts. The FY26 distribution forecast remains at 3.0cps, 100% tax deferred.