Potlatch Corporation, incorporated on September 9, 2005, is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products. It operates through three segments: Resource, Wood Products and Real Estate. Its primary objectives include using its timberland investments to generate income and maximizing the long-term value of its assets. Its Resource segment manages its timberlands. Its Wood Products segment manufactures and markets lumber, plywood and residual products at mills located in Arkansas, Idaho, Michigan and Minnesota. The activities of its Real Estate segment consist primarily of the sale of non-core timberlands in the categories of higher and better use (HBU), rural recreational real estate and non-strategic properties. The Company's timberlands and all of its wood products facilities are located within the continental United States.
Resource
The Resource segment's management activities include planting and harvesting trees and building, and maintaining roads. The Resource segment also includes activities, such as hunting leases, recreation permits and leases, mineral rights leases, biomass production and carbon sequestration. The Resource segment managed approximately 1.4 million acres of timberlands, including approximately 18,000 acres under long-term leases, as of December 31, 2016. Its timberland in Northern region includes a range of softwood species, such as grand fir, Douglas fir and inland red cedar. Its timberland in Southern region includes primarily southern yellow pine and hardwoods. The Resource segment sells a portion of its logs to its wood products manufacturing facilities. The segment also sells sawlogs and pulpwood to a range of forest products companies located near its timberlands. The segment's customers range in size from small operators to multinational corporations.
Wood Products
The Wood Products segment's products are commodity products. Its commodity products are sold through its sales department to end users, retailers or wholesalers for nationwide distribution primarily for use in home building, repair and remodeling, industrial products and other construction activity.
Real Estate
The Real Estate segment consists primarily of land holding sales. The Real Estate segment engages in real estate sales and limited subdivision activity through Potlatch taxable REIT subsidiaries (TRS). The Company identified approximately 210,000 acres of non-core timberland real estate, as of December 31, 2016. This included approximately 50,000 acres of HBU property, 55,000 acres of non-strategic timberland and 105,000 acres of rural recreational real estate property, as of December 31, 2016.
601 W 1st Ave Ste 1600
The company trades on NASDAQ exchange. The company headquarter is located in Washington, WA.| Ticker | PCH |
| Long Name | Potlatch Corporation |
| Short Name | Potlatch |