PotlatchDeltic Corporation (PCH)

PotlatchDeltic reported its Second Quarter and Third Quarter 2025 results, with the Q3 report indicating a rise in adjusted EBITDA due to strong performance in the Timberlands and Real Estate segments. On October 14, 2025, PotlatchDeltic announced an all-stock merger of equals with Rayonier, expected to close in late Q1 or early Q2 2026. The Board declared distributions on common stock on August 27, 2025, and December 5, 2025. Lumber prices rebounded from September 2025 lows, reaching $550 USD/1000 board feet by January 13, 2026. In January 2026, BMO Capital downgraded PotlatchDeltic to Market Perform with a reduced price target, and there was insider selling activity reported. While near-term headwinds persist, the long-term fundamentals for housing and home improvement are viewed positively.

Harvest volumes in the Timberlands segment are typically highest in the third quarter due to favorable dry weather conditions. Lumber demand generally experiences a seasonal uptick in the spring as builders prepare for the construction period. The Real Estate segment's performance can be influenced by market cycles. Demand for home improvement is expected to remain stable in the near term, with modest positive growth anticipated in 2026.

PotlatchDeltic Corp. is a leading Real Estate Investment Trust (REIT) involved in timberland ownership and management, wood products manufacturing, and real estate development. The company operates in three segments: Timberlands, which manages timberlands sustainably and sells timber; Wood Products, which manufactures and markets wood products like lumber and plywood; and Real Estate, which focuses on land sales and real estate development.

PotlatchDeltic owns approximately 2.1 to 2.2 million acres of timberlands across Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Carolina. The company's headquarters is in Spokane, Washington, with operations in El Dorado, Arkansas, and Atlanta, Georgia. Wood products manufacturing facilities are located in Arkansas, Idaho, Michigan, and Minnesota.

PotlatchDeltic emphasizes its commitment to sustainable forest management and corporate responsibility, releasing its 2024 Corporate Responsibility Report in May 2025. The company's focus on sustainable practices aligns with growing market demand for sustainable wood products. The announced merger with Rayonier in October 2025 is a strategic move that could enhance its industry standing and reputation.

Institutional investors hold a significant portion of PotlatchDeltic's stock, approximately 70.46% to 84.3%. Major institutional owners include BlackRock, Inc., The Vanguard Group, Inc., and State Street Global Advisors, Inc. Individual insiders own approximately 1.19% to 1.63% of the shares, while the general public and retail investors hold around 7.16% to 22.75%.