《The REITpocalypse is Here! | The Top 4 REITs to Buy Today!》
Rayonier股价相对其底层资产价值被低估；尽管实际不动产价值更高，股价却接近账面价格，这构成看多理由。
首先，树木会继续生长，这最终将增加采伐量，并有助于提升 Rayoneer 股票的价值。但与此同时，当木材价格不具吸引力时，管理层可以将这些树木的采伐推迟到以后。因此，这只房地产投资基金起到了对冲作用。你拥有的是一项社会将持续需要的实物资产。
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.