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360 Capital Mortgage REITASX:TCF 68 Forward Rate of Return (Yacktman) % is 16.96% as of Jun. 2026, which is 24% below its 10-year median of 22.32. GuruFocus rates ASX:TCF with a GF Score™ of 68/100 and a GF Value™ of A$6.55 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 636 REITs companies, 360 Capital Mortgage REIT ranks better than 71.7% on this metric.
Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. 360 Capital Mortgage REIT's forward rate of return for was 16.96%.
The historical rank and industry rank for 360 Capital Mortgage REIT's Forward Rate of Return (Yacktman) % or its related term are showing as below:
ASX:TCF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -0.97 Med: 22.32 Max: 27.58
Current: 16.93
During the past 13 years, 360 Capital Mortgage REIT's highest Forward Rate of Return was 27.58. The lowest was -0.97. And the median was 22.32.
ASX:TCF's Forward Rate of Return (Yacktman) % is ranked better than 71.7% of 636
companies
in the REITs industry
Industry Median: 8.015
vs ASX:TCF: 16.93
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
360 Capital Mortgage REIT (ASX:TCF) Forward Rate of Return (Yacktman) % Explanation
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of Book Value per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
360 Capital Mortgage REIT Forward Rate of Return (Yacktman) % Related Terms
360 Capital Mortgage REIT Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for 360 Capital Mortgage REIT's Forward Rate of Return (Yacktman) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
360 Capital Mortgage REIT Forward Rate of Return (Yacktman) % Chart
ASX:TCF vs NLY, AGNC, STWD: Forward Rate of Return (Yacktman) % Comparison
For the REIT - Mortgage subindustry, 360 Capital Mortgage REIT's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
360 Capital Mortgage REIT Forward Rate of Return (Yacktman) % vs REITs Industry
For the REITs industry and Real Estate sector, 360 Capital Mortgage REIT's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where 360 Capital Mortgage REIT's Forward Rate of Return (Yacktman) % falls into.
360 Capital Mortgage REIT Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Rate of Return (Yacktman) % of 16.96% mean?
360 Capital Mortgage REIT (ASX:TCF) has a Forward Rate of Return (Yacktman) % of 16.96% as of Jun. 2026. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on 360 Capital Mortgage REIT and its competitors. This is 24% below median its historical median of 22.32. According to the industry distribution chart, 360 Capital Mortgage REIT ranks #180 out of 636 companies in the REITs industry, placing it in the top 28.3%.
Is 360 Capital Mortgage REIT's Forward Rate of Return (Yacktman) % too high?
360 Capital Mortgage REIT's current Forward Rate of Return (Yacktman) % of 16.96% is 24% below median its 10-year median of 22.32. The REITs industry median Forward Rate of Return (Yacktman) % is 8.02. 360 Capital Mortgage REIT's value of 16.96% is 111.6% above this industry median. Based on the distribution chart, 360 Capital Mortgage REIT ranks #180 out of 636 companies in the REITs industry, which is above the industry midpoint. Overall, 360 Capital Mortgage REIT has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 360 Capital Mortgage REIT's Forward Rate of Return (Yacktman) % compare to NLY and AGNC?
According to the REITs industry distribution chart, 360 Capital Mortgage REIT ranks #180 out of 636 companies for Forward Rate of Return (Yacktman) %. This puts 360 Capital Mortgage REIT in the upper half of its industry. The industry median Forward Rate of Return (Yacktman) % is 8.02. 360 Capital Mortgage REIT's value of 16.96% is 111.6% above this benchmark. While the company's 10-year median is 22.32 vs. the industry median of 8.02, 360 Capital Mortgage REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Rate of Return (Yacktman) % for a REITs company?
The median Forward Rate of Return (Yacktman) % among REITs companies is 8.02, based on 636 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 360 Capital Mortgage REIT's current Forward Rate of Return (Yacktman) % of 16.96% is 111.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on 360 Capital Mortgage REIT and its competitors. For the REITs industry, the median Forward Rate of Return (Yacktman) % is 8.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 360 Capital Mortgage REIT's current Forward Rate of Return (Yacktman) % is 16.96%, which is 24% below median its own 10-year median of 22.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 360 Capital Mortgage REIT stock overvalued right now?
Based on GuruFocus' analysis, 360 Capital Mortgage REIT (ASX:TCF) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.55, compared to a current price of A$5.73 — trading 12.5% below its estimated fair value. The current Forward Rate of Return (Yacktman) % is 16.96%, which is 24% below median its 10-year median of 22.32 and 111.6% above the REITs industry median of 8.02. 360 Capital Mortgage REIT's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For 360 Capital Mortgage REIT (ASX:TCF), the current Forward Rate of Return (Yacktman) % is 16.96% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is 360 Capital Mortgage REIT (ASX:TCF) Overvalued in 2026?
Based on GuruFocus' analysis, 360 Capital Mortgage REIT stock appears to be undervalued.
The current stock price of A$5.73 is trading 12.5% below its estimated GF Value™ of A$6.55.
GuruFocus considers 360 Capital Mortgage REIT to be Modestly Undervalued.
Key valuation signals for ASX:TCF:
Forward Rate of Return (Yacktman) %: 16.96% (24% below median its 10-year median of 22.32)
GF Value™: A$6.55 vs. price of A$5.73 (12.5% below fair value)
Industry Position: 111.6% above the REITs median (#180 of 636)
No single metric tells the full story. See the ASX:TCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
360 Capital Mortgage REIT is an Australia-based REIT company. The company is a mortgage real estate investment trust focuses on a diversified portfolio of credit opportunities backed by Australian real estate assets. Its investment strategy targets the corporate real estate loan market, utilizing various loan structures such as senior secured loans, subordinated loans, and junior loans.
68GF Score
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