Financial performance and strategic activities

360 Capital Group (ASX: $TGP) has reported an operating profit of $4.7 million for the half year ended 31 December 2023. The Group, focused on strategic and active investment management of real estate assets, declared fully franked dividends during the period and made significant investments in real estate credit opportunities. The financial report, prepared in accordance with AASB 134: Interim Financial Reporting and the Corporations Act 2001, presents a consolidated view of the Group's financial position and performance.

Executive commentary on financial highlights and strategic direction

The Group's operating profit of $4.7 million reflects our core earnings and strategic focus on real estate funds management and investment across various real estate strategies. Despite the reduction in revenue, we remain committed to delivering value to our securityholders through fully franked dividends and strategic investments in real estate credit opportunities. Our ongoing focus on managing and investing in real estate assets positions us to capitalize on market volatility and dislocation, aligning with our long-term strategy of delivering returns and value to our investors.

Financial outlook and future prospects

360 Capital Group's financial report for the half year ended 31 December 2023 demonstrates a clear focus on real estate funds management and strategic investments. The Group's operating profit, fully franked dividends, and investments in real estate credit opportunities underscore its commitment to delivering value to securityholders. With a strategy centered on managing and investing in real estate assets, the Group aims to capitalize on market volatility and dislocation, positioning itself for long-term value creation and returns for its investors.