Timberland REITs Offer Attractive Defensive, Offensive Blend: D.A. Davidson’s Kurt Yinger

Kurt Yinger, senior vice president at D.A .Davidson, joined the REIT Report podcast to review the timberland REIT sector, which he described as offering an “attractive blend of defensive and offensive” characteristics amid an uncertain macro backdrop.

“We like the timber REITs. It's been a frustrating one for investors, but I don't think we should just necessarily toss it aside because of some of the cyclical pressures that we see today,” Yinger said.

He pointed to downside protection and relative outperformance potential for the sector “in kind of a lackluster housing environment.” At the same time, lumber and wood products, he noted, are exiting a trough.

Chapters:
Lumber Profitability Turning 0:00
Show Intro and Guest 0:25
Industry Consolidation and Scale 0:46
More Consolidation Ahead 2:32
Timber Supply Demand Basics 2:55
Housing Rates and Recovery 5:15
Repair Remodel Demand Check 7:51
Climate Solutions and HBU 8:57
Closing the Valuation Gap 11:38
Commodity Versus Real Estate 14:34
Federal Forest Harvest Plans 15:40
Why Buy Timber REITs Now 17:57
Wrap Up and Subscribe 19:41