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On January 7, 2011, Rayonier (RYN) announced the potential conversion of the existing fluff pulp fiber line at its Jesup, Georgia facility to produce cellulose specialties pulps. The company expects to complete its analysis by mid-year, when the board will more…
Timberland and timber REIT investors continue to wade through erroneous and underreported analysis in financial outlets. For example, a December 31, 2010 article, “Worst Performers in S&P Led by Weyerhaeuser, Dean Foods & H&R Block,” from Barron’s claims Weyerhaeuser (WY) more…
Weyerhaeuser’s (WY) December 2009 announcement regarding its board’s approval for conversion to a real estate investment trust (REIT) drew attention to the timber REIT sector, its financial performance through the economic cycle and its investment potential moving forward. We published more…
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…