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WY - A 5.4% Income Safety Housing Play: Weyerhaeuser
Weyerhaeuser Company
In January 2018, we wrote an article called Timber REITs, The Best Performing REITs When Inflation Hits? Well, inflation didn't hit and the series of Fed rate increases combined with the slower growth environment within housing caused most Timber REIT prices to decline. We also switched our exposure in the Low Vol REIT Portfolio from Weyerhaeuser to PotlatchDeltic (PCH) based on the rationale that synergies from the Potlach and Deltic Timber merger would make PCH a more attractive Timber play.
We were right on that but PCH declined along with all other Timber