REIT Rankings: Timber REITs
(Hoya Capital Real Estate, Co-Produced with Brad Thomas)
Timber REIT Sector Overview
Timber REITs have figuratively and literally been “on fire” over the last six months, reignited by a rejuvenation in the suddenly red-hot U.S. housing market, which has been perhaps the most powerful force behind the early post-pandemic economic recovery. In the Hoya Capital Timber REIT Index, we track the four timber REITs which account for roughly $30 billion in market value: Weyerhaeuser (WY), Rayonier (RYN), PotlatchDeltic (PCH), and CatchMark Timber (CTT). Timber REITs own nearly 30 million acres of US timberlands, more land than the smallest five states in the US combined.
Primarily concentrated in the Pacific Northwest and the Southern US, there are roughly 200 million acres of commercially-forested timberlands in the United States. An old forestry maxim is “the forest that pays, stays.” Timber REITs are among the leaders in