“The REITpocalypse is Here! | The Top 4 REITs to Buy Today!”
Rayonier shares are undervalued relative to underlying asset value; trading near book price despite higher real asset worth creates a bull case.
Firstly, the trees continue to grow, which will eventually increase the size of the harvest and contribute to increasing the value of Rayoneer shares. But at the same time, when timber prices are unattractive, management can postpone harvesting those trees to a later time.
Therefore, this real estate investment fund acts as a hedge. You possess a real asset that society will continue to need.