Timber REIT PotlatchDeltic Q3 profit beats estimates on higher timberlands volume

Potlatchdeltic

03/11/2025 21:38

Overview

PotlatchDeltic Q3 revenue grows and beats analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting strong operational performance

Company enters merger agreement with Rayonier Inc., aiming to create leading land resources owner

Outlook

Company expects merger with Rayonier to close in late Q1 or early Q2 2026

PotlatchDeltic aims to deliver long-term shareholder value post-merger

Result Drivers

REAL ESTATE SALES - Significant rural land sales in Georgia boosted Real Estate segment performance

LUMBER PRICE DECLINE - Wood Products segment faced a 12% decrease in average lumber price, impacting earnings

TIMBERLANDS VOLUME - Increased northern harvest volume due to normal seasonality supported Timberlands segment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$314.20 mln
$302.92 mln (7 Analysts)
Q3 Adjusted EPS
Beat
$0.36
$0.25 (8 Analysts)
Q3 EPS
$0.33
Q3 Adjusted Net Income
Beat
$27.80 mln
$22.54 mln (7 Analysts)
Q3 Net Income
$25.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Potlatchdeltic Corp is $50.50, about 20.8% above its October 31 closing price of $40.00

The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 41 three months ago

Press Release: ID:nBw6vDTXLa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)