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): 318
Equiv. Shares (M): 125

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 2.550 $ 2.580 $ 2.600 $ 2.530 $ 2.610 246,140 $ -0.060  -2.299 %

Current Broker Consensus Recommendation more
Recommendation: Hold (3)
Recommendation Date: 12th Nov 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 31 December 2014, the portfolio consists of 22 Properties with 99.9% of Occupancy. The portfolio WALE is 5.8 years and WACR is 8.2%.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 19.2 20.5 -22.2 10.0 18.5 9.1 --
2013  A 13.6 26.3 -- 7.1 17.9 9.6 --
2012  A 0.0 0.0 -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Industria REIT (IDR) $248 M -- -- -- 32.5944 -- -- 4.81 -- --
360 Captial (TIX) $326 M -0.2222 -- -- 12.7504 -- -- 7.10 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
TIX -- 12.5 1.16 --
Market 0.91 14.4 1.02 1.16
Sector 1.45 15.4 1.21 2.57

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

Name Position
Glenn Butterworth Chief Financial officer
Ben James Chief Investment Officer
Charisse Nortje Company Secretary

Substantial Shareholders
Holding Name
14,410,863 (12.74%) 360 Capital Investment Management Limited
7,734,211 (6.84%) First Samuel Limited

Calendar of Events
Date Event
02 February 2016 Report (Interim)
20 August 2015 Report (Prelim)
20 August 2015 Report (Annual)
24 April 2015 Div Pay Date
31 March 2015 Books Close
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