Recent Insider Transactions Derivative • Dec 23
President notifies of intention to sell stock Eric Cremers intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of December. If the sale is conducted around the recent share price of US$39.33, it would amount to US$949k. For the year to December 2018, Eric's total compensation was 15% salary and 85% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Eric's direct individual holding has increased from 204.58k shares to 208.17k. There has only been one transaction (US$58k sale) from insiders over the last 12 months. Declared Dividend • Dec 10
Third quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 15th December 2025 Payment date: 31st December 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.9%. Announcement • Dec 06
Potlatchdeltic Corporation Declares Quarterly Distribution on Common Stock, Payable on December 31, 2025 The board of directors of PotlatchDeltic Corporation declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable December 31, 2025 to stockholders of record on December 15, 2025. Major Estimate Revision • Nov 14
Consensus EPS estimates increase by 34% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$0.487 to US$0.65. Revenue forecast steady at US$1.09b. Net income forecast to shrink 17% next year vs 8.8% growth forecast for Specialized REITs industry in the US . Consensus price target down from US$49.75 to US$47.88. Share price was steady at US$40.09 over the past week. Major Estimate Revision • Oct 14
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.653 to US$0.544 per share. Revenue forecast steady at US$1.09b. Net income forecast to grow 29% next year vs 8.0% growth forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$50.43. Share price fell 2.5% to US$40.97 over the past week. Announcement • Oct 14
Rayonier Inc. (NYSE:RYN) entered into a definitive agreement to acquire PotlatchDeltic Corporation (NasdaqGS:PCH) in a merger of equals transaction for $3.5 billion. Rayonier Inc. (NYSE:RYN) entered into a definitive agreement to acquire PotlatchDeltic Corporation (NasdaqGS:PCH) in a merger of equals transaction for $3.5 billion on October 13, 2025. Under the terms of the agreement, PotlatchDeltic shareholders will receive 1.7339 common shares of Rayonier for each share of common stock of PotlatchDeltic. The exchange ratio represents an implied price of $44.11 per PotlatchDeltic share. Upon closing of the transaction, Rayonier shareholders will own approximately 54% and PotlatchDeltic shareholders will own approximately 46% of the combined company. The combined company will operate under a new name, to be announced prior to closing. Sell side termination fee is $138,000,000 and buy side termination fee is $159,000,000. Upon closing of the transaction, Mark McHugh, President and CEO of Rayonier, will continue to serve as President and CEO as well as a member of the Board of Directors of the combined company. In addition, Wayne Wasechek, currently CFO of PotlatchDeltic, will serve as CFO of the combined company; Rhett Rogers, currently SVP, Portfolio Management of Rayonier, will serve as EVP, Land Resources; and Ashlee Cribb, currently VP, Wood Products of PotlatchDeltic, will serve as EVP, Wood Products. Eric Cremers, currently the President and CEO of PotlatchDeltic, will be the Executive Chair of the Board of Directors of the combined company for 24 months after closing. The Board of Directors of the combined company will be comprised of five existing Directors from Rayonier and five existing Directors from PotlatchDeltic. Rayonier will designate the lead independent director for the combined company. The corporate headquarters of the combined company will be located in Atlanta, Georgia with significant regional offices maintained in Spokane, WA and Wildlight, FL.
The transaction has been unanimously approved by the Boards of Directors of both companies. The transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and the approval of both Rayonier’s shareholders and PotlatchDeltic’s shareholders, any applicable waiting period under the HSR Act with respect to the Merger having been expired, form S-4 having become effective and the Common Shares to be issued in the Merger having been authorized and approved for listing on the NYSE. The transaction is expected to close in late first quarter or early second quarter of 2026.
Morgan Stanley & Co. LLC is serving as exclusive financial advisor and David K. Lam of Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Rayonier. BofA Securities, Inc. is serving as exclusive financial advisor and Tad Freese, Tessa Bernhardt and Darren Guttenberg of Latham & Watkins LLP is serving as legal advisor to PotlatchDeltic. Announcement • Oct 07
PotlatchDeltic Corporation to Report Q3, 2025 Results on Nov 03, 2025 PotlatchDeltic Corporation announced that they will report Q3, 2025 results After-Market on Nov 03, 2025 Major Estimate Revision • Sep 30
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$0.732 to US$0.653 per share. Revenue forecast steady at US$1.09b. Net income forecast to grow 48% next year vs 8.0% growth forecast for Specialized REITs industry in the US. Consensus price target of US$50.50 unchanged from last update. Share price was steady at US$40.75 over the past week. Declared Dividend • Aug 31
Second quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.9%. Announcement • Aug 28
PotlatchDeltic Corporation Declares Distribution on Common Stock, Payable on September 30, 2025 The board of directors of PotlatchDeltic Corporation declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable on September 30, 2025 to stockholders of record on September 15, 2025. Major Estimate Revision • Jul 21
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$1.08b to US$1.07b. EPS estimate also fell from US$0.957 per share to US$0.832 per share. Net income forecast to grow 49% next year vs 12% growth forecast for Specialized REITs industry in the US. Consensus price target up from US$49.13 to US$50.38. Share price was steady at US$40.20 over the past week. Announcement • Jul 02
PotlatchDeltic Corporation to Report Q2, 2025 Results on Jul 28, 2025 PotlatchDeltic Corporation announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 28, 2025 Upcoming Dividend • May 30
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 30 June 2025. Trailing yield: 4.6%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (3.7%). Declared Dividend • May 12
First quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 6th June 2025 Payment date: 30th June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 3.9%. Announcement • May 09
PotlatchDeltic Corporation Declares Distribution on Common Stock, Payable June 30, 2025 The board of directors of PotlatchDeltic Corporation declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable June 30, 2025 to stockholders of record on June 6, 2025. Announcement • Apr 02
PotlatchDeltic Corporation to Report Q1, 2025 Results on Apr 28, 2025 PotlatchDeltic Corporation announced that they will report Q1, 2025 results After-Market on Apr 28, 2025 Announcement • Mar 28
PotlatchDeltic Corporation, Annual General Meeting, May 05, 2025 PotlatchDeltic Corporation, Annual General Meeting, May 05, 2025. Upcoming Dividend • Feb 28
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 07 March 2025. Payment date: 31 March 2025. Trailing yield: 3.9%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (3.9%). Declared Dividend • Feb 12
Fourth quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 7th March 2025 Payment date: 31st March 2025 Dividend yield will be 4.1%, which is about the same as the industry average. Recent Insider Transactions Derivative • Feb 11
President notifies of intention to sell stock Eric Cremers intends to sell 14k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of February. If the sale is conducted around the recent share price of US$44.76, it would amount to US$635k. For the year to December 2018, Eric's total compensation was 14% salary and 86% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Eric's direct individual holding has increased from 182.10k shares to 184.42k. Company insiders have collectively sold US$485k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 08
PotlatchDeltic Corporation Declares Quarterly Distribution on Common Stock, Payable on March 31, 2025 The board of directors of PotlatchDeltic Corporation declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable March 31, 2025 to stockholders of record on March 7, 2025. Major Estimate Revision • Feb 05
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$1.06b to US$1.07b. EPS estimate increased from US$0.724 to US$0.831 per share. Net income forecast to grow 199% next year vs 4.0% growth forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$50.38. Share price rose 2.1% to US$44.50 over the past week. Announcement • Jan 08
PotlatchDeltic Corporation to Report Q4, 2024 Results on Jan 27, 2025 PotlatchDeltic Corporation announced that they will report Q4, 2024 results After-Market on Jan 27, 2025 Board Change • Jan 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Jim DeCosmo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Dec 13
Third quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 16th December 2024 Payment date: 31st December 2024 Dividend yield will be 4.2%, which is higher than the industry average of 3.9%. Announcement • Dec 07
Potlatchdeltic Corporation Declares Quarterly Dividend, Payable on December 31, 2024 The board of directors of PotlatchDeltic Corporation 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. New Risk • Oct 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.6% net profit margin). Major Estimate Revision • Oct 24
Consensus EPS estimates fall from profit to US$0.018 loss The consensus outlook for fiscal year 2024 has been updated. Expected to report loss instead of -US$0.018 instead of US$0.006 per share profit previously forecast. Revenue forecast unchanged at US$1.03b Specialized REITs industry in the US expected to see average net income decline 3.7% next year. Consensus price target broadly unchanged at US$50.50. Share price fell 2.1% to US$42.50 over the past week. Major Estimate Revision • Oct 16
Consensus EPS estimates fall by 50% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.012 to US$0.006 per share. Revenue forecast steady at US$1.02b. Net income forecast to shrink 21% next year vs 1.3% decline forecast for Specialized REITs industry in the US. Consensus price target broadly unchanged at US$50.71. Share price rose 3.2% to US$44.08 over the past week. Announcement • Oct 02
PotlatchDeltic Corporation to Report Q3, 2024 Results on Oct 28, 2024 PotlatchDeltic Corporation announced that they will report Q3, 2024 results After-Market on Oct 28, 2024 Major Estimate Revision • Sep 11
Consensus EPS estimates upgraded to US$0.002 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.0175 to -US$0.002 per share. Revenue forecast steady at US$1.02b. Specialized REITs industry in the US expected to see average net income decline 1.4% next year. Consensus price target of US$50.00 unchanged from last update. Share price was steady at US$42.55 over the past week. Declared Dividend • Sep 01
Second quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 4.1%, which is about the same as the industry average. Announcement • Aug 30
PotlatchDeltic Announces Waldo, Arkansas Sawmill Construction Completed PotlatchDeltic Corporation completed the planned downtime at the Waldo, Arkansas sawmill to tie-in equipment for the modernization and expansion project. The modernization project construction has been completed and the facility is beginning its ramp-up phase, and it is anticipated that it will take 6 to 12 months to reach the mill’s new dimensional lumber capacity of 275 million board feet per year. The Waldo modernization and expansion project is a $131 millionstrategic investment that is expected to increase the mill’s annual capacity by 85 million board feet, improve recovery by 6%, and reduce cash processing costs by approximately 30%. Once the ramp-up phase is completed, the mill is expected to generate approximately $25 million incremental Adjusted EBITDDA annually under a mid-cycle sales environment and an internal rate of return of approximately 22% in base case. PotlatchDeltic has collaborated with BID Group for this turnkey project. The project includes a new saw line, planer upgrade, and a new continuous kiln. In addition, a Fulghum Industries Inc. 170’ 45-ton log crane was installed and commissioned as part of the modernization. Announcement • Aug 29
Potlatchdeltic Corporation Declares Quarterly Dividend, Payable on September 30, 2024 PotlatchDeltic Corporation declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable September 30, 2024 to stockholders of record on September 13, 2024. Major Estimate Revision • Jul 16
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$1.05b to US$1.03b. EPS estimate also fell from US$0.508 per share to US$0.39 per share. Net income forecast to shrink 26% next year vs 3.0% decline forecast for Specialized REITs industry in the US. Consensus price target down from US$51.71 to US$50.00. Share price rose 10% to US$41.53 over the past week. Announcement • Jul 04
PotlatchDeltic Corporation to Report Q2, 2024 Results on Jul 29, 2024 PotlatchDeltic Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Jul 29, 2024 Upcoming Dividend • May 31
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 28 June 2024. Trailing yield: 4.2%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (4.2%). Declared Dividend • May 13
First quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 7th June 2024 Payment date: 28th June 2024 Dividend yield will be 4.1%, which is about the same as the industry average. Announcement • May 10
PotlatchDeltic Corporation Declares Quarterly Distribution, Payable June 28, 2024 The board of directors of PotlatchDeltic Corporation declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable June 28, 2024 to stockholders of record on June 7, 2024. Announcement • Apr 04
PotlatchDeltic Corporation to Report Q1, 2024 Results on Apr 29, 2024 PotlatchDeltic Corporation announced that they will report Q1, 2024 results After-Market on Apr 29, 2024 Announcement • Mar 29
PotlatchDeltic Corporation, Annual General Meeting, May 06, 2024 PotlatchDeltic Corporation, Annual General Meeting, May 06, 2024, at 09:00 Pacific Daylight. Agenda: To elect the three director nominees named in the proxy statement to company’s Board of Directors; to ratify the appointment of KPMG LLP as independent auditor for 2024; to approve, by an advisory vote, named executive officer compensation; and to transact any other business that properly comes before the meeting. Upcoming Dividend • Feb 29
Upcoming dividend of US$0.45 per share Eligible shareholders must have bought the stock before 07 March 2024. Payment date: 29 March 2024. Trailing yield: 4.0%. Lower than top quartile of American dividend payers (4.8%). In line with average of industry peers (3.9%). Recent Insider Transactions Derivative • Feb 14
President notifies of intention to sell stock Eric Cremers intends to sell 18k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of February. If the sale is conducted around the recent share price of US$45.13, it would amount to US$794k. For the year to December 2017, Eric's total compensation was 16% salary and 84% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Eric's direct individual holding has increased from 154.09k shares to 156.46k. Company insiders have collectively sold US$3.0m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 14
Fourth quarter dividend of US$0.45 announced Dividend of US$0.45 is the same as last year. Ex-date: 7th March 2024 Payment date: 29th March 2024 Dividend yield will be 4.0%, which is about the same as the industry average. Announcement • Feb 10
PotlatchDeltic Declares Distribution on Common Stock, Payable on March 29, 2024 The board of directors of PotlatchDeltic Corporation declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable March 29, 2024 to stockholders of record on March 8, 2024. Announcement • Jan 05
PotlatchDeltic Corporation to Report Q4, 2023 Results on Jan 29, 2024 PotlatchDeltic Corporation announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Jan 29, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.45 per share at 6.1% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Trailing yield: 6.1%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (4.0%). Announcement • Oct 05
PotlatchDeltic Corporation to Report Q3, 2023 Results on Oct 30, 2023 PotlatchDeltic Corporation announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Upcoming Dividend • Sep 07
Upcoming dividend of US$0.45 per share at 5.9% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 5.9%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (4.0%). Announcement • Sep 01
PotlatchDeltic Corporation Appoints Wayne Wasechek as Chief Financial Officer On August 29, 2023, the Board of Directors of PotlatchDeltic Corporation appointed Wayne Wasechek, the Company’s Interim Vice President, Chief Financial Officer and Chief Accounting Officer, as the Company’s Vice President and Chief Financial Officer, effective August 29, 2023. Mr. Wasechek will continue to serve as the Company’s Chief Accounting Officer. Mr. Wasechek, age 53, Wasechek has served as Interim Vice President, Chief Financial Officer and Chief Accounting Officer, since April 19, 2023. Previously, Wasechek served as PotlatchDeltic’s Controller and Principal Accounting Officer since 2018, where he led the accounting and treasury functions. He previously served as Vice President and Assistant Controller of Vail Resorts Inc. from 2011 to 2018 and as Senior Director of Financial Reporting of Vail Resorts from 2006 to 2011. Wasechek, a certified public accountant, began his career with PwC (PricewaterhouseCoopers) and holds a degree in business administration with an emphasis in accounting from the University of Colorado, Boulder. Announcement • Aug 30
PotlatchDeltic Corporation Declares a Quarterly Distribution, Payable September 29, 2023 The board of directors of PotlatchDeltic Corporation declared a quarterly distribution on the Company's common stock. The distribution of $0.45 per share is payable September 29, 2023 to stockholders of record on September 15, 2023. New Risk • Aug 01
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 116% Dividend yield: 5.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 115% Cash payout ratio: 116% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.3% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Jun 28
PotlatchDeltic Corporation to Report Q2, 2023 Results on Jul 31, 2023 PotlatchDeltic Corporation announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 31, 2023 Upcoming Dividend • May 25
Upcoming dividend of US$0.45 per share at 6.0% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 30 June 2023. Trailing yield: 6.0%. Within top quartile of American dividend payers (5.1%). Higher than average of industry peers (4.0%). 
