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Our previous post on Weyerhaeuser’s (WY) dividend guidance noted that Standard & Poor’s (S&P) Rating Services raised its outlook on WY from “negative” to “stable.” How does S&P rate the three publicly-traded timber REITs? How are rating agencies intended to more…
On December 13th, Weyerhaeuser (WY) announced an annual dividend payment of $0.60 per share in 2011. The first quarterly dividend payment of $0.15 per share is expected in March 2011, following the election of REIT status, effective January 1, 2010, more…
On December 3, 2010, Potlatch (PCH) announced its quarterly dividend of $0.51 per share, to be paid on December 27, 2010 to shareholders of record on December 13, 2010. At current prices, Potlatch’s dividend yield is 6.27%, substantially above the more…
Launched in 2008, the Forisk Timber REIT (FTR) Index tracks the performance of publicly-traded timberland-owning real estate investment trusts in the US. Firms qualify for the FTR Index – which currently includes Plum Creek (PCL), Rayonier (RYN) and Potlatch (PCH) more…
From the desk of Neena Mishra, Director of Equity Research: On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010, which includes a key provision that benefits public timber REITs. The new law (1) more…
From the desk of Neena Mishra, Director of Equity Research: While Weyerhaeuser (WY) has completed all steps required for converting to REIT status, it technically becomes a REIT upon (1) filing its tax return in early 2011 and (2) electing more…
Earlier this month, Florida voters rejected a constitutional amendment that would have changed the state’s development approval process. “Amendment 4” – sponsored by the non-partisan Florida Hometown Democracy – would have required a voter referendum whenever a local government amended more…
Black liquor, a byproduct of the wood pulping process, is an alternative fuel under the IRS Code. In addition, when black liquor is combined with at least 0.1% diesel fuel, it is eligible for the Alternative Fuel Mixture Credit (AFMC). more…
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…