360 Capital REIT Declares Quarterly Distribution for December 2024
360 CAPITAL REIT (TOT) Share Update December 2024 Monday 16th
360 Capital REIT Announces Quarterly Distribution
360 Capital REIT has announced a quarterly distribution of AUD 0.0075 per fully paid unit stapled security, with payment scheduled for January 2025.
Instant Summary:
- Distribution of AUD 0.0075 per stapled security.
- Ex Date: 30 December 2024.
- Record Date: 31 December 2024.
- Payment Date: 24 January 2025.
- Distribution from 360 Capital Active REIT only.
Distribution Details
360 Capital REIT has announced a quarterly distribution of AUD 0.0075 per fully paid unit stapled security. This distribution pertains to the financial period ending on 31 December 2024.
The ex-dividend date is set for 30 December 2024, meaning investors must own the security before this date to be eligible for the distribution. The record date follows on 31 December 2024, and the payment is scheduled for 24 January 2025.
Source of Distribution
It is important to note that this distribution is solely from the 360 Capital Active REIT. No distribution will be made from the 360 Capital Passive REIT during this period.
The distribution is fully franked at a corporate tax rate of 30%, providing investors with tax benefits. This means the entire amount of AUD 0.0075 per security is subject to franking credits, which can be beneficial for investors in higher tax brackets.
Additional Information
360 Capital REIT has indicated that FY25 annual tax statements will be available in August 2025, providing further details on the tax components of the distribution.
The announcement of a quarterly distribution is generally seen as a positive indicator of a company's financial health and its ability to generate cash flow. This distribution, being fully franked, offers additional value to investors, especially those in higher tax brackets.
However, the relatively small size of the distribution (AUD 0.0075 per security) may not significantly impact the stock price. Investors might view this as a stable but modest return.
Investor Reaction:
Analysts are likely to view the announcement as a sign of stability, reflecting the company's consistent performance. The fully franked nature of the distribution is a positive aspect, potentially attracting income-focused investors.
Conclusion:
Investors should consider the implications of this distribution in the context of their overall portfolio strategy. While the distribution is modest, its fully franked status adds value. Monitoring future announcements from 360 Capital REIT will be important for assessing ongoing performance.