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With the payment of a $5.6 billion special dividend on September 1, 2010, Weyerhaeuser (WY) will have satisfied all of the requirements for its conversion to a real estate investment trust (REIT). We described the tax implications of the dividend more…
As a major final step in its long road to converting to a real estate investment trust (REIT), Weyerhaeuser (WY) announced a special dividend of $5.6 billion on July 11, 2010. Previously, we detailed Weyerhaeuser’s (WY) REIT conversion timeline, which more…
Recent articles and media coverage of wood bioenergy projects and policies raised questions about carbon accounting, the role of subsidies and biomass definitions. However, policy-makers and forest owners can benefit from a rooted understanding of what we know versus technologies more…
Days after Plum Creek (PCL) posted second quarter earnings on July 26th (see “Plum Creek Beats the Street“), the balance of the timber REITs – Potlatch (PCH), Rayonier (RYN) and soon-to-be-REIT Weyerhaeuser (WY) – reported their results. Neena Mishra, Forisk’s more…
After the market closed yesterday (July 26th), Plum Creek (PCL) reported its second quarter 2010 earnings of $35 million, or $0.21 per diluted share, on revenues of $258 million. Neena Mishra, Forisk’s Director of Equity Research, put the results into more…
In a previous post, we detailed the timeline that would play out once Weyerhaeuser (WY) declared its special dividend, which is the final step required by the IRS for WY to complete its REIT conversion.* WY pulled the trigger more…
If a tree falls in the woods, is it available raw material for a wood bioenergy facility? Not necessarily. Intense investment and regulatory focus on wood bioenergy has raised questions from both the environmental community and the traditional forest products more…
As a researcher, I enjoy exploring and testing questions related to forest economics, wood bioenergy and timber investments. Why? The finance of forestry brings together a globally available, renewable asset with attractive investment characteristics that continues to generate interesting issues more…
Interested in owning Weyerhaeuser (WY) shares prior to a special dividend distribution? In 2009, the company announced its intent to convert to a timberland-owning real estate investment trust (timber REIT). With this likely to occur in 2010, it requires WY more…
On the evening of August 4th, 2010, Neena Mishra, our Director of Equity Research, and I will teach a Master Class on “Valuing Timber REITs.” This follows our day-long course on “Applied Forest Finance”, which is co-taught by our Forest more…