360 Capital Mortgage REIT (ASX:TCF) Announcement

360 Capital Mortgage REIT (ASX:TCF) has announced an increase in forecast FY25 distributions to $0.60 per unit, marking a significant rise of 33.3% from FY24. The responsible entity, 360 Capital FM Limited, is pleased with the forecasted earnings, which are expected to surpass the previous FY25 guidance of $0.50 per unit and demonstrate a 20.0% increase. The Fund's distribution yield on NAV per unit is projected to be 10.1%, exceeding TCF's Target Return of the RBA Cash Rate +4.0%.

Executive Commentary on Forecasted Distributions

The increase in forecast FY25 distributions to $0.60 per unit reflects our commitment to delivering value to our investors. We are pleased with the Fund's performance and the potential for higher earnings, which align with our goal of providing regular monthly income to investors through disciplined asset selection and risk analysis.

Summary of 360 Capital Mortgage REIT Announcement

360 Capital Mortgage REIT (ASX:TCF) has revised its forecast for FY25 distributions, anticipating an increase to $0.60 per unit, up 33.3% from FY24. The Fund's focus on increasing liquidity and closing the trading price discount relative to NAV is evident in the proposed mechanism for six-monthly buybacks at NAV. The Fund may also consider a capital raising at NAV during FY25 to further expand and diversify the loan portfolio. The announcement reflects the Fund's commitment to maximizing returns for investors and maintaining a disciplined approach to asset selection and risk analysis.