360 Capital REIT Reports Improved Financials

360 Capital REIT (AU:TOT) has released an update.

360 Capital REIT has released its Preliminary Financial Report for the fiscal year ending 30 June 2024, reporting a significant reduction in the loss attributable to stapled securityholders by 54.2% compared to the previous year, despite a 7.2% decrease in revenue. The company also announced fully franked quarterly distributions, totaling 5.25 cents per security for the year, a decrease from the previous year’s total of 6.00 cents per security. The Fund’s net tangible asset per security has also decreased to $0.61 from $0.91 the previous year.

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