Lumber is the best proforming asset class for any ten year period since ww2. There's a difference between lumber and hardwood. The hardwood business has a bright future. As far as dividends, PCL's hasn't changed in four years.
The cold storage business may have topped out. A lot of the growth was due to new units replacing old, smaller storage buildings built in the 50's and 60's. Today, it's more likely that the units are built near transportation systems than near farms and store frozen processed food vs. frozen bulk food. (eg. apples) This is a very dangerous business. Cold storage units depreciate while logs grow. Cold storage units are depreciated over 40 years or roughly twice their usable life. Logs have depletion allounces which means they're written off as the asset appreciates.