Strong Real Estate Performance
The real estate segment delivered robust performance, driven by 15,600 acres sold at an average price of nearly $3,300 per acre, including two large transactions in Georgia totaling $39 million.
Timberlands Segment Achievement
The Timberlands segment delivered on its Q3 planned harvest volume of 1.9 million tons, with Idaho producing its highest quarterly volume this year.
Proposed Merger with Rayonier
PotlatchDeltic announced a merger with Rayonier, expected to create significant synergies of $40 million primarily through corporate and operational cost optimization.
Increased Liquidity and Financial Stability
The company finished the quarter with $388 million in liquidity and maintained a weighted average cost of debt at approximately 2.3%.
Positive Long-term Outlook
The company maintains a positive view on long-term industry fundamentals, with expectations of improved lumber pricing due to tariffs and supply reductions.