360 Capital Mortgage REIT (ASX:TCF) Announces Strong FY25 Financial Results
Operational Highlights
360 Capital Mortgage REIT lent a total of $45.8 million in FY25, secured by registered mortgages. The Trust achieved a Total Unitholder Return of 21.5% over the financial year.
Financial Performance
FY25 distributions were 62.3cpu, a 38.4% increase on FY24, reflecting a distribution yield of 10.4% p.a. Net operating earnings reached $3.2 million, up 74.6% on FY24, with earnings per unit at 64.8cpu, a 44.0% increase. The NAV per unit remained unchanged at $5.94.
Capital Raising
The Trust undertook capital raising efforts, raising a total of approximately $21.7 million, increasing the market capitalisation by 102.7% to $45.6 million. This included placements and entitlement offers, ensuring no dilution to the NAV.
Loan Portfolio
As at 30 June 2025, the Trust held 8 loan investments totaling $38.1 million, with a Loan to Value Ratio of 69.2% and a weighted average interest rate of 11.8% per annum.
Outlook
TCF is well-positioned with strong investor interest and a pipeline of real estate-backed lending opportunities. The Trust aims to continue growing and diversifying its capital and asset base in FY26, maintaining distributions in line with operating earnings.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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