US Treasuries, Private Timberlands and Timber REIT Investment Returns

| no comments in Forest Finance & Economics, Timber REITs, Timberlands

Executive Summary:  all timberland investment vehicles exceed US Treasury benchmarks over long time frames; timber REIT dividend distributions enhance yields to help offset short term share price volatility. U.S. Treasuries remain a common benchmark for private timberland investments.  Why?  Relative more…

Timber REITs: PCH Dividend and Harvest Reductions Demonstrate Prudent Asset Management

| no comments in Timber REITs, Timberlands

Years ago, I held shares in Crown Pacific Partners, a timberland-owning firm headquartered in Portland, Oregon.  During market declines in the late 1990s, the firm subsidized its shareholder distributions through borrowing and cash generated from non-organic business activities.  In other more…

Do Timber REITs Lead or Ride the Coattails of Investor Interest in Real Estate Markets?

| no comments in Timber REITs, Timberlands

Last week, the Wall Street Journal reported on the rush of investors buying into publicly-traded real estate investment trusts (“Real-estate investors target neighborhood that is looking up,” Wall Street Journal, 11/15/11).  According to Citigroup Global Markets, investors, year-to-date, invested 18% more…

What Can Marching Bands Teach Us About Tracking Wood Demand and Timber Markets?

| no comments in Forest Finance & Economics, Forisk, Timber REITs, Wood Bioenergy, Wood Demand & Procurement

When tracking wood demand and timber markets, we look not only to the past and to the future for guidance, but also to the side – peripherally – to gauge performance across markets and sectors.  Heather Clark, our Customer Relations more…

How Do Exchange Rates Affect US Forest Products and Timberland Investments?

| no comments in Forest Finance & Economics, Timber Market Analysis, Timberlands

When studying exchange rates and currency markets, I sometimes think of the old joke “the quickest way to double your money is to fold it in half and stick it back in your pocket.”   Currency markets shake more than more…