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Pope Resources Lp
Pope Resources Lp is a public company traded on the New York Stock Exchange (NYSE). The company is engaged in the ownership and management of timberlands and development of real estate. Here is some general information about the company:
* Company Name: Pope Resources Lp
* Ticker Symbol: POP
* Industry: Timberlands, Real Estate
* Current Share Price: $29.31
* Market Capitalization: $433.37 million
* Number of Shares Outstanding: 14.85 million
* P/E Ratio: 44.92
Pope Resources Lp operates in three primary business segments: Timberland Management, which involves the management of timberlands to maximize sustainable timber harvests; Real Estate Development, which focuses on developing and selling real estate properties; and Portfolio Management, which manages the company's financial assets.
The company has a diverse portfolio of timberlands, including approximately 191,000 acres of timberlands in the United States and 12,000 acres in Canada. They also own and manage several office and retail buildings, apartment complexes, and industrial facilities in various states, including California, Washington, and Montana.
Pope Resources Lp has been paying dividends consistently since 2014 and has a history of returning capital to its shareholders through share repurchases. The company has a strategy of long-term wealth creation through sustainable forestry practices, real estate development, and prudent capital allocation.
Overall, Pope Resources Lp has a strong track record of profitability, a solid balance sheet, and a commitment to sustainability, making it an attractive choice for investors seeking exposure to the timberlands and real estate sectors. However, as with any investment, it's thorough research and due diligence before making an investment decision.