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An announcement from 360 Capital REIT ( (AU:TOT) ) is now available.
360 Capital REIT reported a decrease in revenue and profit for the half-year ending December 2024 compared to the previous year, with a notable drop in earnings per security by 43.8%. Despite this, the operating profit showed a significant increase of 41.7%, reflecting the company’s focus on core earnings. Distributions to securityholders were reduced to 1.50 cents per security for the period, down from 3.00 cents in the prior year, and the net tangible asset per security decreased to $0.60 from $0.90.
More about 360 Capital REIT
360 Capital REIT operates in the real estate investment trust (REIT) industry, focusing on the management and investment in both active and passive real estate assets. The company primarily offers investment opportunities through its stapled securities, which combine 360 Capital Active REIT and 360 Capital Passive REIT, catering to investors seeking income from real estate holdings.
YTD Price Performance: 1.25%
Average Trading Volume: 78,622
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$87.66M
For a thorough assessment of TOT stock, go to TipRanks’ Stock Analysis page.
