Australia's 360 Capital Mortgage REIT hits over 2-year high on guidance upgrade

360 Capital

19/09/2024 03:29

** Shares of 360 Capital Mortgage REIT  TCF.AX  rise as much
as 5.2% to A$5.85, their highest since June 2, 2022
    ** The real estate fund expects FY25 earnings to be
significantly higher than in FY24 as a result of recent
transactions
    ** Co now sees FY25 earnings and distribution to be A$0.6
per unit, up 20% from previous guidance, and 33.3% higher than
FY24 earnings and distributions  
    ** Adds, co will continue to distribute 100% of operating
earnings
    ** TCF stock up 13.4% YTD
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))