While the global implications of the British exit – “Brexit” – from the EU remain uncertain, it appears, at a minimum, to complicate trade between...
Brooks Mendell, Ph.D.
Led by the Weyerhaeuser/Plum Creek merger and Potlatch’s Q2 2016 timberland divestiture in Idaho, public timberland-owning REITs purchased and...
What is the “investable universe” of timberlands in the United States? According to analysis by Forisk in 2015, “investable” timberlands, or...
One challenge of investing in a forest is determining when it reaches financial maturity. This is when the owner’s cost of keeping an asset exceeds...
In 2015, the U.S. consumed about 50 billion board feet of lumber. Softwood lumber used to build homes and made from species such as pine, fir and...
At the end of the day, U.S. housing markets drive earnings for U.S. timber firms.
The timber REIT sector tumbled in 2015. The Forisk Timber REIT (FTR) Index fell 9.3% for the year, while the S&P 500 essentially flatlined at -0.7%...
The November 2015 announced merger of Plum Creek (PCL) and Weyerhaeuser (WY), the two largest public timberland-owning real estate investment trusts...
Aunt Fanny called the other day at 4:14 a.m. to tell me about her growing timberland portfolio and to remind me that, “Nephew, you earn more if you...
Benchmarking provides a useful, and often necessary, tool for evaluating the performance of alternative investments (such as private timberlands)...