January 29, 2014 in Business

Potlatch Corp.

Timber real estate investment trust
 
Stock symbol: PCH
Reporting period:2013
Earnings: Profit of $70.6 million, or $1.73 per share

Versus 2012: Profit of $42.6 million, or $1.05 per share

Revenue: $570.3 million
Analysis: CEO Mike Covey attributed Potlatch’s increase in revenues to strong real estate sales, with 41 transactions closing during the fourth quarter, and better prices for sawlogs and wood products. A strengthening housing market in 2014 will continue to drive demand for logs and lumber, he said.

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