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Overview
PotlatchDeltic Corporation is a real estate investment trust (REIT) that owns and manages timberland properties, as well as manufactures and sells wood products. The company was formed in 2018 through the merger of Potlatch Corporation and Deltic Timber Corporation. Headquartered in Spokane, Washington, PotlatchDeltic owns approximately 1.9 million acres of timberland in Alabama, Arkansas, Idaho, Louisiana, Minnesota, and Mississippi. The company also operates six wood products manufacturing facilities that produce lumber, plywood, and particleboard. PotlatchDeltic is focused on sustainable forestry practices and holds certifications from the Sustainable Forestry Initiative (SFI) and the Forest Stewardship Council (FSC). The company also actively engages in outreach and education programs to promote responsible forest management. In addition to its timberland and wood products operations, PotlatchDeltic also operates a real estate division that markets and sells land for residential, recreational, and commercial purposes. The company also has a mineral rights division that manages its non-timber assets, including oil and gas and mineral leases. PotlatchDeltic is listed on the NASDAQ stock exchange under the ticker symbol PCH. As a REIT, the company is required to distribute at least 90% of its taxable income to shareholders in the form of dividends.
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