We report high temperature synchrotron X-ray diffraction (SXRD), dc magnetization and current-voltage (I-V) characteristics for the samples of Co$_{2.75}$Fe$_{0.25}$O$_4$ ferrite. The material was prepared by chemical reaction of the Fe and Co nitrate solutions at pH = 11 and subsequent annealing at temperatures 200 0C, 500 0C and 900 0C. The measurements were performed by cycling the temperature from 300 K to high temperature (warming mode) and return back to 300 K (cooling mode). The SXRD patterns indicated a fine bi-phased cubic spinel structure in the highly Co rich spinel oxide. Magnetization curves showed intrinsic ferrimagnetic features and defect induced additional ferromagnetic phase at higher temperatures. Electrical conductivity showed thermal hysteresis loop between warming and cooling modes of temperature variation. The samples exhibited new information on the irreversibility phenomena of lattice structure, magnetization and electrical conductivity on cycling the measurement temperatures.