Investing in Timberland and Timber REITs Class
This course details the operations, investment performance, market risks and supply chain/ management costs associated with available timberland investment vehicles. The course includes comparative analysis of typical TIMO fund structures, timber REITs and direct private investments. Key topics emphasize benchmarking investment performance, implied valuations based on public-private comparables, and sources of variance in operational costs, returns and forest management fees by region in the United States.
Continuing Education Credits: 6.0 hrs CFE, 6.0 hrs Georgia Real Estate/Appraiser, 6.0 hrs Georgia Master Timber Harvester/Continuing Logger Education
- Early Registration Rate: $580 (available until Nov. 23)
- Late Registration Rate: $680
Companies who subscribe to the Forisk Research Quarterly (FRQ) receive 10% off their employees' registration fees! Contact Heather Clark for the promo code to claim the FRQ discount!
This class directly addresses the following questions:
- What are the investable universe and timberland ownership profiles by region?
- How do forest supplies, wood demand and forest industry capacity compare by region?
- What are forest management, silviculture and certification trends and implications?
- How can you screen and rank US timberland markets for investment purposes?
- How can investors benchmark private timberland investment performance? What should be considered when applying and communicating different benchmarks?
- How can investors benchmark publicly-traded timber REITs? What are implied net asset values (NAVs) for timber REITs?
- What are comparative returns, fee structures and sources of variance by type?
- How do we scale common timberland risks, potential "Black swans", and portfolio implications?
Participants receive course materials and data that can be applied or compared directly to internal timberland investment, benchmarking, management and valuation efforts. The course includes real world examples and hands-on case studies.
Who Should Attend?
Executives, investors, asset managers and service providers directly and indirectly invested or interested in timberlands and timberland-owning real estate investment trusts (REITs).
Course Outline
Detailed course agenda available here.
- Timberland investment vehicles
- Regional forest industry markets and supplies
- Forest operations and management
- Case study: Screening and ranking US timberland investment markets
- Benchmarking private timberland investment performance
- Benchmarking public timberland investment performance
- Timberland investment fee structures
- Considering timberland investment risks