Lumber PricingRecent data suggests that lumber pricing should trend higher, which could lead to PCH's stock outperforming after a period of stagnation.
Market PositionPCH is well-positioned because 100% of its lumber is produced in the US, and its Idaho sawlog prices are uniquely linked to lumber prices.
Real Estate PerformanceReal estate EBITDA of $19.4 million was ahead of the estimated $16.8 million, with more rural acres and residential lots sold than expected.