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From the desk of Neena Mishra, Director of Equity Research: While investing directly in timberlands requires high starting capital, retail investors can choose from other vehicles which provide exposure to timber and forest products such as REITs, related C-Corporations or more…
From the desk of Neena Mishra, Director of Equity Research: Weyerhaeuser (WY) reported its Q3 2010 results before market open on October 29, 2010. Excluding the income tax adjustment of $1.035 billion (related to its impending REIT conversion), net earnings more…
According to Wood Bioenergy US, the number of announced and operating wood-consuming bioenergy projects in the continental US increased to 434 as of October 26, 2010. In total, these projects represent potential, incremental wood use of 121.9 million green tons per more…
From the desk of Neena Mishra, Director of Equity Research: Rayonier (RYN) reported its Q3 results before market open on October 26, 2010. Net income for the quarter came in at $63 million or $0.77 per share, 19 cents ahead more…
Weyerhaeuser (WY) ended last week by declaring a regular quarterly dividend of $0.05 per share, payable on December 1, 2010 to shareholders of record at the close of business on November 5, 2010. Due to the increased share count to 536 million more…
Timberland assets provide to their owners the option of altering the mix and timing of forest harvest activities. During adverse market conditions, public timber REITS embrace this “option value.” Over the past three years, we have seen Plum Creek (PCL), more…
According to Wood Bioenergy US, the number of announced and operating wood-consuming bioenergy projects in the continental US increased to 408 as of September 24, 2010. In total, these projects represent potential, incremental wood use of 119.9 million green tons more…
Publicly-traded timber REITs – Plum Creek (PCL), Potlatch (PCH), and Rayonier (RYN) – continue to outperform the S&P 500, as measured by the Forisk Timber REIT (FTR, “footer”) Index. Key results as of September 20, 2010 include: FTR Index up more…
Anemic housing construction – and the resulting impacts on lumber demand – has delayed the expected recovery of pine sawtimber prices this year. Still, several states show signs of resiliency. We just completed the mid-year update of our 10-year, state-by-state more…
According to Wood Bioenergy US, wood pellet and wood-to-electricity plants in the continental US will consume over 30 million green tons in 2010. This is based on screening the 376 wood-consuming, announced and operating bioenergy projects in the Wood Bioenergy US database more…