PotlatchDeltic(PCH) - 2025 Q3 - Earnings Call Presentation

Q3 2025 Financial Performance - Total Adjusted EBITDDA reached $89.3 million, driven by strong Real Estate segment performance[10] - Timberlands Adjusted EBITDDA was $41.0 million, reflecting seasonally higher harvest volumes[10, 19] - Wood Products Adjusted EBITDDA was negative $(2.5) million, impacted by lower lumber prices[10] - Real Estate Adjusted EBITDDA significantly increased to $63.1 million due to rural real estate sales and increased Chenal Valley sales[10, 51] Timberlands Segment - Northern Timberlands Adjusted EBITDDA was $21.2 million with sawlog harvest volume at 403 thousand tons and an average price of $128 per ton[30] - Southern Timberlands Adjusted EBITDDA was $19.8 million with sawlog harvest volume at 614 thousand tons and an average price of $47 per ton[36] Wood Products Segment - Lumber shipment volume increased to 333 MMBF, but the average lumber price decreased by 12% to $396 per MBF[10, 44, 46] Real Estate Segment - Rural land sales involved 15,636 acres at an average price of $3,280 per acre[10, 53, 55] - Development segment sold 55 residential lots at an average price of $138,938 per lot and 13 commercial acres at $532,942 per acre[10, 53, 57] Capital Allocation and Liquidity - Cash Available for Distribution (CAD) was $118.5 million for the trailing twelve months[10] - The company maintains a strong liquidity position with $388 million available and a net debt to enterprise value of 23.1%[11]