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November 01, 2017 · reit.com
REITs moved slightly lower in October as broader macroeconomic concerns put pressure on the market, according to analysts.
The total returns of the FTSE Nareit All REITs Index dropped 0.2 percent in October, while the S&P 500 posted a total return of 2.3 percent. For the first 10 months of 2017, total returns of the FTSE Nareit All REITs Index gained 6.6 percent, while the S&P 500 returned 17 percent.
October 24, 2017 · reit.com
Timberland REIT Potlatch Corp. (NASDAQ: PCH) said Oct. 23 it will acquire Deltic Timber Corp. in an all-stock transaction valued at approximately $1.15 billion.
The combined company will operate as PotlatchDeltic Corp., and shares of its stock will retain Potlatch’s ticker symbol. Executives at both firms said PotlatchDeltic will benefit from operational synergies resulting from expanded harvest volumes and increased lumber production.