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Added to YB: 2024-07-29

Pitch date: 2024-06-30

PCH [bullish]

PotlatchDeltic Corporation

+8.27%

current return

Author Info

No bio for this author

Company Info

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) with ownership of 2.

Market Cap

$3.1B

Pitch Price

$37.20

Price Target

N/A

Dividend

4.56%

EV/EBITDA

20.24

P/E

48.15

EV/Sales

3.60

Sector

Specialized REITs

Category

value

Show full summary:
Longleaf Partners Small-Cap Fund Portfolio Holding: PotlatchDeltic Corporation

PCH: Timberland/mill co. undervalued due to housing market focus. Mills at break-even (20% of value). Long-term value from high-quality timberlands (80%). Solar developers paying 5-10x per acre vs. previous value. Strong mgmt, buybacks at discount to NAV. Solid dividend. Depressed log prices offer opportunity in growing timberland value.

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