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360 Capital Group Limited ( (AU:TGP) ) has issued an announcement.
360 Capital Group reported a significant turnaround with a statutory profit of $3.7 million for the half-year ending December 2024, marking a 167.7% improvement from the previous year’s loss. The company is positioning itself for growth in both its real estate credit and equity sectors, with strategic capital raises and new investment management agreements set to enhance its market standing. As interest rates are expected to fall in 2025, the group anticipates stabilization in commercial real estate values, potentially boosting its equity funds. The Group remains well-capitalized, maintaining a strong cash position with no debt, and continues to explore growth opportunities through acquisitions and new investment strategies.
More about 360 Capital Group Limited
360 Capital Group is an Australian real estate manager notable for its position in the market as the only entity with both an ASX listed equity REIT and mortgage REIT, focusing on growing its funds management platform.
YTD Price Performance: -5.00%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €72.86M
For an in-depth examination of TGP stock, go to TipRanks’ Stock Analysis page.
