Timber Equity Research
Forisk's Equity Research Program supports investors, analysts, and executives interested in publicly-traded firms, exchange-traded funds (ETFs) and forestlands that rely on timber sales or wood raw materials as critical sources of cash flows or operating expenses. Forisk's quarterly research coverage of publicly-traded timberland-owning REITs and Weyerhaeuser includes:
- NAV and cash flow-based valuations;
- Forest economics analysis of timber and timberland market fundamentals; and
- Analysis of potential impacts on timber REIT valuations from evolving markets such as wood bioenergy.
Our Equity Research Program provides phone consultations, tailored research, and continuing education specific to timber REITs, ETFs and timberland markets and assets. In addition, Forisk has published seminal forest sector and timber REIT equity research in Forest Science, the Journal of Forestry, and the Journal of Forest Business Research.
Current Research Coverage: Plum Creek (PCL); Potlatch (PCH); Rayonier (RYN); and Weyerhaeuser (WY).
Recent Forisk Equity Research Publications:
Forisk Timber REIT (FTR) Index: In 2008, Forisk initiated the FTR ("footer") Index to track the timber REIT sector and provide a benchmark for comparative analysis (see figure below). Each week, we publish a one-page FTR Index Summary that compares the FTR Index relative to other benchmarks. We distribute this summary by request along with an Excel file that contains the historical data of the market cap weighted, equal weighted and total returns FTR Indices.
For information regarding the FTR Index methodology, click here.
To subscribe to the free weekly FTR Index Summary, to obtain historical FTR Index data in an Excel format, or for more information regarding Forisk Equity Research and quarterly coverage, please contact Brooks Mendell, bmendell@forisk.com.
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