Property Stocks Down Under 11 May 2022: 360 Capital REIT (ASX:TOT)
360 Capital REIT: Awaiting a pair of takeovers that will represent a makeover
Until 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.