360 Capital REIT reports $6.3M profit

• 360 Capital REIT reported a statutory profit of $6.3 million for fiscal year 2026, marking a 382.2% increase compared to the previous corresponding period.
• Following the announcement, the fund's share price increased by 5% to trade at $0.42.
• The fund aims to drive future earnings growth through full property occupancy and targeted structured equity investments.

360 Capital REIT (ASX:TOT) announced a statutory profit of $6.3 million alongside an operating profit of $6.9 million for the 2026 financial year.

The performance followed a statutory profit of $1.3 million reported in the previous corresponding period, marking a 382.2% year-over-year increase.

The fund stated that it achieved 100% occupancy across its direct property portfolio, which drove its forecast earnings per security growth for fiscal year 2027.

The REIT noted that during FY26, all vacancies within the portfolio were leased, with occupancy increasing from 93.4% to 100% with no lease expiries now until FY29.

Operating earnings per security reached 3.2 cents, representing a 33.3% increase compared to the prior corresponding period.

Following the announcement, the 360 Capital share price was up at $0.42.

The FY27 distribution is forecast to increase 20% on FY26 to 3.6 cents per share in line with the increase in earnings.

The fund holds three modern commercial assets located in Melbourne, Canberra, and Brisbane with a weighted average lease expiry of 6.0 years.