PotlatchDeltic (PCH) Stock

SPOKANE, Wash.--(BUSINESS WIRE)--The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable December 31, 2024 to stockholders of record on December 16, 2024. About PotlatchDeltic PotlatchDeltic (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns over 2.1 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi, and South Ca.

PotlatchDeltic Corporation is undervalued, trading at 73% of NAV, with potential for EBITDA to nearly double due to favorable lumber market conditions. Lumber supply is declining due to mill closures, while demand is increasing, leading to higher lumber prices and benefiting PCH's earnings. Timber REITs, like PCH, have cost advantages from owning timberlands, allowing them to remain profitable and gain market share as competitors struggle.

PCH's cash flow remains weak despite high timber prices, with adjusted EBITDA annualized at just $180 million against a $4.5 billion enterprise value. Dividends and buybacks are not financed by cash flows, with only $6.3 million available for distribution against $142 million in dividends. We tell you the most important reason why we are downgrading this to a hold and where and when we would short the stock.

Potlatch (PCH) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Toronto, Ontario--(Newsfile Corp. - October 23, 2024) - Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) (MUN: A0I0) (BER: A0I0) (the "Company" or "Appia") is excited to announce the commencement of its diamond drilling program in the southwest corner of Target IV. The goal of this program is to identify and delineate a possible Rare Earth Elements (REE) highgrade area at depth, identified by previous Reverse Circulation (RC) drilling (See January 16th 2024 Press Release), associated with a carbonatitic breccia intrusion or dike.

SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) will release third quarter earnings on Monday, October 28, after the market closes. The company will hold a live conference call and webcast on Tuesday, October 29 at 9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to discuss the results. Investors may access the webcast at www.potlatchdeltic.com by clicking on the Investors link or by conference call at 1-888-510-2008 for U.S./Canada and 1-646-960-0306 for international.

REITs are currently trading at a 15.5% discount to NAV.  Timber is even more discounted. Timberland values are rising, evidenced by analyst estimates, aggregated sale price trends, and recent transactions. Timber REITs are undervalued due to myopic focus on near-term EBITDA, but long-term value lies in the perpetual nature of timberland assets.

On our previous article on PotlatchDeltic we had upgraded the stock to a hold from a sell. Fundamentally, things have gotten worse and leverage ratios are beginning to look bad. We tell you why we are upgrading this to a Buy.

SPOKANE, Wash.--(BUSINESS WIRE)--PotlatchDeltic Corporation (Nasdaq: PCH) today released its 2023 Corporate Responsibility Report. The Report highlights PotlatchDeltic's 2023 corporate responsibility accomplishments, linking them with the United Nations Sustainable Development Goals. “We are proud of the continued momentum we are seeing surrounding our corporate responsibility goals and initiatives,” said Eric Cremers, president and chief executive officer. “Our 2023 Corporate Responsibility Re.