360 Capital Mortgage REIT · ASX:TCF
360 Capital Mortgage REIT — HY26 Earnings Presentation
24 slides from 360 Capital Mortgage REIT's earnings presentation, Feb 5, 2026
Slide 1: HY26 Results Presentation
For personal use only 360 Capital Mortgage REIT (ASX:TCF) HY26 Results Presentation 5 February 2026 P.1
Slide 2: Table of contents
Table of contents For personal use only 1 Snapshot and key highlights 4 2 Track record and value proposition 7 3 Loan activity and portfolio 11 4 Financials 14 5 Outlook and guidance 17 A Loan Portfolio 20 P.2
Slide 3: Why invest in TCF?
Why invest in TCF? Highly Attractive Yield – 10.4% For personal use only Distribution Target of 60.0cpu for FY26 full year distribution – significantly above Trust Target Return Consistent Income Distributions have increased by 126.5%1 since 360 Capital took over management of TCF in September 2020
Slide 4: 1. Snapshot and key highlights
REAL ASSETS PRIVATE EQUITY PUBLIC EQUITY CREDIT For personal use only 1. Snapshot and key highlights
Slide 5: HY26 financial highlights
360 Capital Mortgage REIT (ASX:TCF) – HY26 financial highlights Regular monthly income from private credit investments secured against Australian real estate For personal use only 31.3cpu 60.0cpu Aligned Sponsor HY26 actual distribution FY26 target full-year distribution 360 Capital Group is TCF’s l
Slide 6: HY26 operational highlights
360 Capital Mortgage REIT (ASX:TCF) – HY26 operational highlights Regular monthly income from private credit investments secured against Australian real estate By Sector: For personal use only 49.1% 100% Portfolio LVR1,2 of loans are cash paid Residential, Commercial, interest 88.2% 11.8% 12.7% Nil
Slide 7: 2. Track record and value proposition
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 2. Track record and value proposition
Slide 8: 360 Capital Group private credit track record
360 Capital Group (ASX:TGP) private credit track record Established & Successful Track Record in Real Estate Credit For personal use only 19 years >$560m Cumulative Private Credit AUM Founded in 2006, 360 Capital has been successful in investing through Private credit transactions $600.0m $568.3m mu
Slide 9: Value proposition – regular income with capital protection
Value proposition – regular income with capital protection 66.0 cpu 62.3 cpu Target FY26 60.0 cpu For personal use only 60.0 cpu Consistent Income Distributions have increased by 126.5%1 since 360 54.0 cpu Capital took over management of TCF in September 2020 48.0 cpu 45.0 cpu 42.0 cpu 39.0 cpu 36.0
Slide 10: Value proposition – consistently outperforming target return
Value proposition – consistently outperforming target return For personal use only Consistent Outperformance TCF has continued to outperform its Target Return of RBA Cash Rate + 4.0% (net of fees) since it was announced in September 2024 Distribution Income TCF distributed 31.3cpu a 4.0% increase on
Slide 11: 3. Loan activity and portfolio
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 3. Loan activity and portfolio Illustrative photo only
Slide 12: HY26 loan portfolio activity
HY26 loan portfolio activity HY26 Loan Portfolio Snapshot For personal use only $38.8m 79.2% 12.7% 49.1% Invested in loans Senior loan investments1 Weighted Average Interest Rate2 Weighted Average LVR Ratio3 HY26 Loan Book Activity $70.0m $24.5m $60.0m $50.0m $40.0m $38.1m $38.8m -$23.8m $30.0m $20.
Slide 13: Managing risk through asset level liquidity and security structure
Managing risk through asset level liquidity and security structure Facility level diversification – 6 secured loan facilities For personal use only Asset level granularity – exposure ultimately diversified across 33 individual saleable assets. Some facilities cross-collateralised, providing enhanced
Slide 14: 4. Financials
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only 4. Financials
Slide 15: HY26 Profit & loss highlights
HY26 Profit & loss highlights HY26 HY25 Change Change Profit & loss statement Total revenue HY26 revenue increased by 85.8% ($’000) ($’000) ($’000) (%) For personal use only $2.9m compared to HY25, as a result of increased loan investments and higher Investment income 1 2,914 1,568 (HY25: $1.6m) wei
Slide 16: Balance sheet highlights – December 2025
Balance sheet highlights – December 2025 31-Dec-25 30-Jun-25 Change Change Balance sheet For personal use only Capital Raising The Trust raised a total of $16.6m during ($’000) ($’000) ($’000) (%) $16.6m HY26, increased its net tangible assets by 44.2%. Cash and cash equivalents 15,027 64 Trade and
Slide 17: 5. FY26 outlook and guidance
For personal use only 5. FY26 outlook and guidance
Slide 18: Peer comparison
360 Capital Mortgage REIT (ASX:TCF) - peer comparison One of two ASX-Listed Mortgage REITS while other peers are diversified across non-real estate credit sectors For personal use only HY26 Annualised DPU Yield vs Target Return Premium/(Discount) to NAV TCF HY26 Annualised DPU Yield ASX-Listed Credi
Slide 19: Capital management - FY26 outlook and guidance
Capital management - FY26 outlook and guidance Continue marketing and other initiatives to improve trading price and close 2.7% trading For personal use only price discount to NTA 1 Seek additional research coverage given TCF’s unique position as one of only two ASX NTA gap and liquidity listed Aust
Slide 20: Appendix A - Loan portfolio
REAL ASSETS PRIVATE EQUITY CREDIT For personal use only Appendix A - Loan portfolio Illustrative photo only
Slide 21: Appendix A - Loan portfolio summary
Appendix A - Loan portfolio summary For personal use only Senior Investment Senior Investment Senior Investment Snapshot: Residual land lots and freestanding houses Snapshot: Brand new service station with 12-year Snapshot: Residual land lots in Sydney construction in Sydney WALE in NSW Independent
Slide 22: Appendix A - Loan portfolio summary
Appendix A - Loan portfolio summary For personal use only Senior Investment Mezzanine Construction Senior Investment Snapshot: Residual free-standing residential dwellings Snapshot: Construction of 72 two and three-bedroom Snapshot: Existing luxury residential property in in Sydney apartments across
Slide 23: Disclaimer
Disclaimer This presentation has been prepared by 360 Capital FM Limited (ACN 090 664 396) (Responsible Entity) as responsible entity for 360 Capital Mortgage For personal use only REIT (ARSN 115 632 990) (‘TCF’). This material is a summary and does not purport to be complete. It is not intended to
Slide 24: Contact details
Contact details Tony Pitt For personal use only Executive Director +61 2 8405 8860 [email protected] James Storey Chief Executive Officer +61 2 8405 8860 [email protected] Glenn Butterworth Chief Financial Officer +61 2 8405 8860 [email protected] Identifying
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