Timberland REITs Offer Attractive Defensive, Offensive Blend: D.A. Davidson’s Kurt Yinger
For wealth professionals with real-assets exposure, this is a manager’s sector review of timberland REITs, including the supply-demand and housing-related drivers the guest discusses.
Summary
By the real estate & infrastructure deskKurt Yinger of D.A. Davidson reviews timberland REITs on Nareit's REIT Report Podcast, describing the sector as offering an “attractive blend of defensive and offensive” characteristics amid an uncertain macro backdrop. The episode covers industry consolidation and scale, timber supply and demand, housing rates and recovery, repair and remodel demand, climate solutions and highest-and-best-use, the valuation gap, commodity versus real estate, and federal forest harvest plans. Yinger says the sector offers downside protection and relative outperformance potential in a lackluster housing environment while lumber and wood products exit a trough.
- Yinger described timberland REITs as offering an “attractive blend of defensive and offensive” characteristics amid an uncertain macro backdrop.
- He pointed to downside protection and relative outperformance potential for the sector in a lackluster housing environment.
- He noted that lumber and wood products are exiting a trough.
- Episode chapters cover consolidation, timber supply and demand, housing recovery, the valuation gap and federal forest harvest plans.
Chapters
From the publisher’s description| Time | Chapter | Length |
|---|---|---|
| Lumber Profitability Turning | 1 min | |
| Show Intro and Guest | 1 min | |
| Industry Consolidation and Scale | 2 min | |
| More Consolidation Ahead | 1 min | |
| Timber Supply Demand Basics | 2 min | |
| Housing Rates and Recovery | 3 min | |
| Repair Remodel Demand Check | 1 min | |
| Climate Solutions and HBU | 3 min | |
| Closing the Valuation Gap | 3 min | |
| Commodity Versus Real Estate | 1 min | |
| Federal Forest Harvest Plans | 2 min | |
| Why Buy Timber REITs Now | 2 min | |
| Wrap Up and Subscribe | 1 min |
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