360 Capital Mortgage REIT's (ASX:TCF) responsible entity, 360 Capital FM, said it began an on-market buy-back and determined to postpone a previously approved off-market buy-back until further notice, according to a Thursday Australian bourse filing.
The responsible entity reaffirmed its fiscal year 2026 earnings and distribution guidance of 60.0 cents per unit, representing an annualized distribution yield of about 10.4% based on the current trading price, compared to an implied sector yield of about 7.6%, the filing added.
The company's shares rose 1% in recent Thursday trade.
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