360 Capital Industrial Fund (TIX)



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General Information
Company Name: 360 Capital Industrial Fund
Stock Code: TIX
Website: www.360capital.com.au
GICS Sub-Industry: Industrial Real Estate Investment Trusts
Market Cap ($M): 272
Equiv. Shares (M): 120

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 2.270 $ 2.270 $ 2.270 $ 2.240 $ 2.270 113,473 0%

Current Broker Consensus Recommendation more
Recommendation: Hold (3)
Recommendation Date: 22nd Oct 2014
Brokers Surveyed: 1

Company Overview

Business Description:
360 Capital Industrial Fund (TIX) is a property investment and funds management group that concentrates on the strategic investment and active investment of property and property related assets. 360 Capital Investment Management Limited is the responsible entity of the Fund. As at 30 June 2014, the portfolio WALE is 5.3 years.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016  F -- 21.0 2.5 10.8 19.7 8.7 --
2015  F -- 20.5 0.0 11.1 19.1 8.4 --
2014  A 19.2 20.5 -22.2 10.0 18.5 9.1 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Industria REIT (IDR) $249 M -- -- -- 32.7586 -- -- 4.78 -- --
360 Captial (TIX) $273 M -0.2222 NaN 0.0254 11.1383 11.1437 10.8675 8.12 8.38 8.64

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
TIX 0.82 11.1 1.03 8.96
Market 1.10 13.9 1.02 1.03
Sector 1.46 13.4 1.06 3.22

Directors
Name Position Start Date
Mr Tony Robert Pitt Managing Director 16 December 2010
Mr Andrew Graeme Moffat Non-Executive Chairman 17 December 2010
Mr Graham Ephraim Lenzner Non-Executive Director 01 October 2013
Mr David van Aanholt Non-Executive Director 16 December 2010
Mr William John Ballhausen Non-Executive Director 16 December 2010

Management
Name Position
Emma Shipley Chief Financial Officer
Charisse Nortje Company Secretary
Alex Breen Compliance Manager
Ben Butler Fund Manager
Tim Spencer Head of Investor Relations

Calendar of Events
Date Event
20 August 2015 Report (Annual)
20 August 2015 Report (Prelim)
25 March 2015 Report (Interim)
25 February 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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