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[DewDiligence]

The lumber REITs like Plum Creek (PCL)…and their 4+ percent yields look positively cheap by comparison [to office-oriented REITs]. Even so, 4 percent? I grew up on a farm. Growing anything on the farm or in the forest has risks. And these numbers just don't cut it.

Huh? I read the above passage three times, trying to make sense of it, but there is no sense to be made. Henry W. Schacht, the author of the piece you posted, has not conducted the rudimentary DD on Plum Creek (PCL) to understand where its income comes from. Yet another blowhard I can safely ignore :- )