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On February 28th, NCREIF – the National Council for Real Estate Investment Fiduciaries – sent out a note regarding a restatement of the Q4 2018 Timberland Property Index. Timberland investors, investment managers, and industry researchers and analysts (e.g. Forisk) often more…
This is the third in a series related to the Q4 2018 Forisk Research Quarterly and Forisk’s annual “Wood Flows & Cash Flows” event on December 13thin Atlanta. Sometimes you feel like a nut, and sometimes you don’t. Rising interest more…
North America’s forest industry is more consolidated and globally competitive today because of the accelerated retooling of older mills and investments in leading technologies by firms following the Great Recession. With the exception of plywood, all forest industry sectors across more…
Forest industry press covers the capital investments in mills, housing starts, lumber prices, and consolidation across the forest industry supply chain. The question then comes up with colleagues and clients: what are we missing? What topics, themes and drivers should more…
This is the third in a series related to Forisk’s Q3 2018 forest industry analysis and timber price forecasts for the United States and Canada. When comparing investments into traded REITs versus actual real estate assets – whether land or more…
Diversification is a risk reduction strategy illustrated in the idiom “don’t put all your eggs in one basket.” This implies we risk everything by relying on one asset, firm, idea or approach. Of course, Mark Twain, in 1894, wrote, “the more…
My older daughter* likes to tell the following joke: “Why did the banker quit his job?” “Because he lost interest.” This came to mind while reading a recent New York Times article on the power of yield curves as recession prognosticators more…
This is the third in a series related to Forisk’s Q2 2018 forest industry analysis and timber price forecasts for the United States and Canada. The post includes an excerpt from the Timberland Investment chapter. The North American timberland market more…
Forisk has tracked and accumulated timberland transaction and ownership data since 2006. The ownership data goes back 50 years and the transaction data goes back 20 years to 1996. This provides context when reviewing year-over-year trends. In the past twelve more…
This post includes an excerpt from the Timberland Investment chapter in the Q1 2018 Forisk Research Quarterly. The timberland market continues to generate a steady diet of deals to review. Through year-end 2017, there were nearly 1.8 million acres of more…