360 Capital REIT (ASX: TOT) - Motley Fool today This is a fund of diversified assets across real estate equity, debt and real estate based operating businesses with a history of quarterly distributions. It has access to real estate based investment opportunities available through its manager 360 Capital Group Ltd (ASX: TGP). 360 Capital REIT said it has commenced deploying its cash reserves again after holding cash during the COVID-19 period. The small cap ASX share had a net tangible asset backing of $1.13 per security at 30 June 2020, so the current 360 Capital REIT share price is at a 24% discount to this value. It is currently undertaking an on-market buy back. For the first quarter of FY21 it declared a 1.5 cents per unit distribution, which equates to a yield of around 7% at the current share price. It said in a recent update that it is well positioned to take advantage of market volatility arising from a tapering of government stimulus and ending of the moratorium on interest payments.
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