NCREIF Timberland Index report for fourth quarter 2018

The new data related to the NCREIF Timberland Index was restated following an adjustment to fourth quarter 2018 results in the Northwest region. The impact results in a change of total return from a previously reported 2.82 percent and 0.97 percent for the Northwest and Total Timberland returns, to 2.06 percent and 0.75 percent, respectively. The change in returns came from appreciation return.

The National Council of Real Estate Investment Fiduciaries (NCREIF) has released fourth quarter 2018 results of the NCREIF Timberland Index. The index returned 0.75 percent for the quarter, down from 1.02 percent last quarter and 1.52 percent in the fourth quarter 2017. The EBITDDA return, at 0.77 percent, decreased by 4 basis points from last quarter and increased 3 basis points from a year ago. Appreciation in the fourth quarter decreased by 0.19 percent.

The Total Timberland Index had a 3.21 percent return for the 2018 calendar year, with a 3.24 percent EBTIDDA and –0.03 pe