PotlatchDeltic reported a strong Q3 2025 with total adjusted EBITDA of $89 million, driven by robust performance in its real estate segment despite ongoing challenges in the lumber market.

• The real estate segment excelled with significant transactions, including $39 million from two rural sales in Georgia, and healthy demand for residential lots.
• Adjusted EBITDA in the Wood Products business fell to a loss of $2 million due to soft lumber prices, despite achieving record low manufacturing costs.
• Management announced a proposed merger of equals with Rayonier, projected to create $40 million in annual synergies and enhance operational efficiencies.
• Strong performance in the Timberlands division with a planned harvest of 1.9 million tons, while market dynamics led to price stabilization for lumber products.
• Continued expansion in natural climate solutions, with significant interest in solar and lithium development initiatives, reflecting strategic growth opportunities.