360 Capital Mortgage REIT
360 Capital Mortgage REIT is a closed-ended fixed income mutual fund launched and managed by Elstree Investment Management Limited. The fund invests in the fixed income markets of Australia. It invests in a range of fixed income and hybrid securities, and other debt securities issued by government bodies, companies and specialist financing vehicles. It was formerly known as Australian Enhanced In… Read more
360 Capital Mortgage REIT (TCF) - Net Assets
Latest net assets as of June 2025: AU$37.05 Million AUD
Based on the latest financial reports, 360 Capital Mortgage REIT (TCF) has net assets worth AU$37.05 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$38.63 Million) and total liabilities (AU$1.59 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$37.05 Million |
| % of Total Assets | 95.88% |
| Annual Growth Rate | N/A |
| 5-Year Change | 79.66% |
| 10-Year Change | 98.23% |
| Growth Volatility | 12.83 |
360 Capital Mortgage REIT - Net Assets Trend (2006–2024)
This chart illustrates how 360 Capital Mortgage REIT's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 360 Capital Mortgage REIT (2006–2024)
The table below shows the annual net assets of 360 Capital Mortgage REIT from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | AU$37.05 Million | +43.60% |
| 2023-12-31 | AU$25.80 Million | +4.56% |
| 2022-12-31 | AU$24.67 Million | +0.08% |
| 2021-12-31 | AU$24.65 Million | +19.56% |
| 2020-12-31 | AU$20.62 Million | +4.19% |
| 2019-12-31 | AU$19.79 Million | -1.26% |
| 2018-12-31 | AU$20.04 Million | +0.50% |
| 2017-12-31 | AU$19.94 Million | +0.32% |
| 2016-12-31 | AU$19.88 Million | +6.37% |
| 2015-12-31 | AU$18.69 Million | +6.00% |
| 2014-12-31 | AU$17.63 Million | +19.63% |
| 2013-12-31 | AU$14.74 Million | -- |
| 2012-12-31 | AU$0.00 | -- |
| 2011-12-31 | AU$0.00 | -- |
| 2010-12-31 | AU$0.00 | -- |
| 2009-12-31 | AU$0.00 | -- |
| 2008-12-31 | AU$0.00 | -- |
| 2007-12-31 | AU$0.00 | -- |
| 2006-12-31 | AU$0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to 360 Capital Mortgage REIT's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1237883000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$49.64 Million | 134.01% |
| Total Equity | AU$37.05 Million | 100.00% |
360 Capital Mortgage REIT Competitors by Market Cap
The table below lists competitors of 360 Capital Mortgage REIT ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Easycall
WAR:ECL
|
$34.82K |
|
Foresight Autonomous Holdings Ltd
TA:FRSX
|
$34.82K |
|
NRW HLDG (3NR.SG)
STU:3NR
|
$34.86K |
|
DEFENCE TECH HOLDING SPA
F:65F
|
$34.97K |
|
Gamivo S.A.
WAR:GMV
|
$34.76K |
|
Putnam Premier Income Trust
NYSE:PPT
|
$34.76K |
|
Wellness Matrix Group Inc
PINK:WMGR
|
$34.70K |
|
Tian Ruixiang Holdings Ltd
NASDAQ:TIRX
|
$34.69K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 360 Capital Mortgage REIT's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,521,000 to 37,045,000, a change of 12,524,000 (51.1%).
- Net income of 3,243,000 contributed positively to equity growth.
- Dividend payments of 3,193,000 reduced retained earnings.
- Share repurchases of 74,000 reduced equity.
- New share issuances of 13,591,000 increased equity.
- Other factors decreased equity by 1,043,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$3.24 Million | +8.75% |
| Dividends Paid | AU$3.19 Million | -8.62% |
| Share Repurchases | AU$74.00K | -0.2% |
| Share Issuances | AU$13.59 Million | +36.69% |
| Other Changes | AU$-1.04 Million | -2.82% |
| Total Change | AU$- | 51.07% |
Book Value vs Market Value Analysis
This analysis compares 360 Capital Mortgage REIT's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 47.97x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | AU$0.12 | AU$5.78 | x |
| 2013-12-31 | AU$6.72 | AU$5.78 | x |
| 2014-12-31 | AU$7.16 | AU$5.78 | x |
| 2015-12-31 | AU$6.03 | AU$5.78 | x |
| 2016-12-31 | AU$6.11 | AU$5.78 | x |
| 2017-12-31 | AU$5.83 | AU$5.78 | x |
| 2018-12-31 | AU$5.93 | AU$5.78 | x |
| 2019-12-31 | AU$5.87 | AU$5.78 | x |
| 2020-12-31 | AU$7.10 | AU$5.78 | x |
| 2021-12-31 | AU$6.45 | AU$5.78 | x |
| 2022-12-31 | AU$5.94 | AU$5.78 | x |
| 2023-12-31 | AU$5.94 | AU$5.78 | x |
| 2024-12-31 | AU$7.40 | AU$5.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 360 Capital Mortgage REIT utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 82.25%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.04x
- Recent ROE (8.75%) is above the historical average (4.97%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -0.18% | 0.00% | 0.00x | 1.02x | AU$-368.01K |
| 2013 | 9.76% | 88.09% | 0.11x | 1.03x | AU$-34.91K |
| 2014 | -0.99% | -22.82% | 0.04x | 1.03x | AU$-1.94 Million |
| 2015 | 1.82% | 97.03% | 0.02x | 1.02x | AU$-1.53 Million |
| 2016 | 9.82% | 88.86% | 0.11x | 1.04x | AU$-36.67K |
| 2017 | 3.41% | 69.88% | 0.05x | 1.03x | AU$-1.29 Million |
| 2018 | 6.39% | 81.98% | 0.08x | 1.02x | AU$-709.90K |
| 2019 | 3.89% | 73.21% | 0.05x | 1.02x | AU$-1.19 Million |
| 2020 | 2.24% | 63.84% | 0.03x | 1.01x | AU$-1.59 Million |
| 2021 | 5.62% | 86.83% | 0.06x | 1.01x | AU$-1.07 Million |
| 2022 | 6.56% | 81.02% | 0.08x | 1.01x | AU$-843.70K |
| 2023 | 7.57% | 76.55% | 0.09x | 1.07x | AU$-595.10K |
| 2024 | 8.75% | 82.25% | 0.10x | 1.04x | AU$-461.50K |
Industry Comparison
This section compares 360 Capital Mortgage REIT's net assets metrics with peer companies in the REIT - Mortgage industry.
No peer company data available for comparison.