360 Capital Mortgage REIT (ASX:TCF) Scaled Net Operating Assets: -0.01 (As of Dec. 2025)


ASX:TCF 360 Capital Mortgage REIT ASX:TCF
70 GF Score
Price A$5.77
GF Value A$7.73
Valuation Modestly Undervalued
! 5 Warning Signs
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What is 360 Capital Mortgage REIT Scaled Net Operating Assets?

360 Capital Mortgage REIT ASX:TCF +0.52% 70 Scaled Net Operating Assets is -0.01 as of Dec. 2025. GuruFocus rates ASX:TCF with a GF Score™ of 70/100 and a GF Value™ of A$7.73 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

360 Capital Mortgage REIT's operating assets for the quarter that ended in Dec. 2025 was A$0.46 Mil. 360 Capital Mortgage REIT's operating liabilities for the quarter that ended in Dec. 2025 was A$0.88 Mil. 360 Capital Mortgage REIT's Total Assets for the quarter that ended in Jun. 2025 was A$38.64 Mil. Therefore, 360 Capital Mortgage REIT's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was -0.01.

ASX:TCF
70GF Score
360 Capital Mortgage REIT ASX:TCF
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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360 Capital Mortgage REIT Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

360 Capital Mortgage REIT's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(38.571-1.59)/26.135
=1.41

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=38.635 - 0.064
=38.571

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1.59 - 0 - 0
=1.59

360 Capital Mortgage REIT's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(0.459-0.875)/38.635
=-0.01

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=54.296 - 53.837
=0.459

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.875 - 0 - 0
=0.875

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of -0.01 mean?
360 Capital Mortgage REIT (ASX:TCF) has a Scaled Net Operating Assets of -0.01 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on 360 Capital Mortgage REIT and its competitors.
Is 360 Capital Mortgage REIT's Scaled Net Operating Assets too high?
360 Capital Mortgage REIT's current Scaled Net Operating Assets is -0.01. Overall, 360 Capital Mortgage REIT has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 360 Capital Mortgage REIT's Scaled Net Operating Assets compare to NLY and AGNC?
360 Capital Mortgage REIT's Scaled Net Operating Assets of -0.01 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on 360 Capital Mortgage REIT and its competitors. 360 Capital Mortgage REIT's current Scaled Net Operating Assets is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 360 Capital Mortgage REIT stock overvalued right now?
Based on GuruFocus' analysis, 360 Capital Mortgage REIT (ASX:TCF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$7.73, compared to a current price of A$5.77 — trading 25.4% below its estimated fair value. The current Scaled Net Operating Assets is -0.01. 360 Capital Mortgage REIT's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For 360 Capital Mortgage REIT (ASX:TCF), the current Scaled Net Operating Assets is -0.01 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is 360 Capital Mortgage REIT (ASX:TCF) Overvalued in 2026?

Based on GuruFocus' analysis, 360 Capital Mortgage REIT stock appears to be undervalued. The current stock price of A$5.77 is trading 25.4% below its estimated GF Value™ of A$7.73. GuruFocus considers 360 Capital Mortgage REIT to be Modestly Undervalued.

Key valuation signals for ASX:TCF:

  • Scaled Net Operating Assets: -0.01
  • GF Value™: A$7.73 vs. price of A$5.77 (25.4% below fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the ASX:TCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

360 Capital Mortgage REIT Business Description

Industry Real EstateREITs
Address 1 Macquarie Place, Suite 3701, Level 37, Sydney, NSW, AUS, 2000
360 Capital Mortgage REIT is an Australia-based REIT company. The company is a mortgage real estate investment trust focuses on a diversified portfolio of credit opportunities backed by Australian real estate assets. Its investment strategy targets the corporate real estate loan market, utilizing various loan structures such as senior secured loans, subordinated loans, and junior loans.
70GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$5.77
Price
A$7.73
GF Value