Property Stocks Down Under 11 May 2022: 360 Capital REIT (ASX:TOT)
360 Capital REIT: Awaiting a pair of takeovers that will represent a makeoverUntil recently, 360 Capital REIT (ASX: TOT) has been an indirect investor by owning other REITs. But it is undergoing a transformation which will see it own properties of its own and it will focus on commercial properties. Although it will be paying out a low proportion of its operating earnings for the time being and it's acquisition strategy is uncertain, we do feel more optimistic about its direction than we would have been some months ago. Click here to read the previous edition of Emerging Stocks Down Under published 4 May 2022. For in-depth research reports or to keep up-to-date on the latest Stocks Down Under news see our parent company, Pitt Street Research, or follow us on Facebook and Twitter.
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