Why it’s on the map
PotlatchDeltic merged INTO Rayonier (PCH delisted Feb 2, 2026) — RYN now owns the Idaho/Arkansas/Minnesota sawmills. Lumber leverage inside a REIT at 52-wk lows.
Government money & contracts
None.
Customers & commercial
Lumber buyers; timber REIT.
Catalysts
Integration synergies; Citi PT $23.
Risk
Idaho mills compete head-on with BC; integration.
Tariff durability
AD/CVD + 232.