360 Capital REIT lifts occupancy with new Cremorne leases and extends income visibility

360 Capital REIT ( (AU:TOT) ) just unveiled an update.

360 Capital REIT has executed two new leases at its 510 Church Street, Cremorne, VIC asset, converting earlier heads of agreement into binding terms and further de-risking income at a key property in its portfolio. Siemens Energy has taken a five-year lease over 1,269 square metres on Level 2 starting in October 2026 with fixed 3.75% annual rent increases, while Stack Infrastructure has agreed a five-year lease over 1,039 square metres on Level 6 commencing July 2026, replacing outgoing tenant Dentsu and eliminating downtime or additional capital expenditure while preserving a surrender payment due in FY27.

Following these transactions, the fund is 96.7% occupied by income, with a weighted average lease expiry of six years as at 31 March 2026, and only 1,332 square metres remaining vacant on Level 2 at 510 Church Street, which is being actively marketed. Once this final vacancy is leased, the portfolio will have no lease expiries until FY29, strengthening income visibility and supporting the REIT’s positioning as a stable distribution vehicle for unitholders.

The most recent analyst rating on (AU:TOT) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 360 Capital REIT stock, see the AU:TOT Stock Forecast page.

More about 360 Capital REIT

360 Capital REIT (ASX:TOT) is an Australian real estate investment trust managed by 360 Capital FM Limited, focusing on income-generating property assets. The fund follows a selective and disciplined investment philosophy and has a track record of delivering consistent quarterly distributions to investors through access to real estate opportunities sourced via the broader 360 Capital Group.

Average Trading Volume: 155,497

Technical Sentiment Signal: Hold

Current Market Cap: A$86.58M

See more data about TOT stock on TipRanks’ Stock Analysis page.