PotlatchDeltic owns nearly 1.9 million acres of geographically diverse, high quality, productive timberlands. The timberlands are uniquely positioned to leverage favorable lumber market conditions - northern log prices are indexed and in the south we have a natural hedge as a net log buyer. We have the highest leverage to lumber among timber REITs with competitive mills that will benefit from favorable long-term housing dynamics. Value is maximized through land stratification creating steady cash flows from attractive real estate sales. Our strong balance sheet provides us with the capital flexibility to grow shareholder value.