360 Capital Group

Funds Management

The Group has now completed the rationalisation of funds in the platform and has provided all unitholders within the platform with the opportunity to exit their investment either through ASX listings (TIX and TOF), winding up (360 Capital Canberra Trust, various development funds) and providing liquidity facilities (360 Capital Diversified Property Fund, 360 Capital 111 St Georges Terrace Property Trust 360 Capital Subiaco Square Shopping Centre Property Trust).

During the year to 30 June 2016, the Group increased funds under management (FUM) 22.6% to $1.48 billion, driven by 30.1% FUM growth within its listed funds.

During the year the Group’s funds management division generated recurring revenue of $8.7 million, up 38.7% on the previous corresponding period (pcp). Forecast FY17 recurring fee revenue is $9.3 million will be 6.9% up on FY16, before $2.0 in expected underwriting and other fees.

 

Listed Funds

The Group manages three ASX listed Funds with FUM at 30 June 2016 of $1.18 billion, up 30.1% pcp, with recurring fees of $7.1m from these listed funds up 47.7% pcp.

FY17 forecast recurring fee revenue from the listed funds is $7.6 million, up 7.0% on FY16.

Information on these funds can be found here:

360 Capital Industrial Fund (TIX)
360 Capital Office Fund (TOF)
360 Capital Total Return Fund (TOT)

 

Unlisted Funds

The Group's unlisted funds division focused on maximising portfolio value and returns for unitholders as well as rationalising non-core funds.

The Group manages five unlisted Funds with total FUM at 30 June 2016 of $301.1 million, which generated recurring fees of $1.6 million, in line with the pcp.

FY17 forecast recurring fee revenue from the unlisted funds is $1.7 million, in line with FY16.

The Group’s medium term aim is to rationalise its non-core unlisted co-investments by recycling capital into higher ROE activities which is expected to drive Group.

Information on these funds can be found here:

360 Capital Retail Fund No.1
360 Capital 111 St Georges Terrace Property Trust
360 Capital Subiaco Square Shopping Centre Property Trust
360 Capital Havelock House Property Trust
360 Capital 441 Murray St Property Trust