Pope Resources reported consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's net income attributable to unitholders of $436,000, or $0.09 per ownership unit, on revenue of $12.7 million for the quarter ended June 30, 2016. This compares to net income attributable to unitholders of $289,000, or $0.06 per ownership unit, on revenue of $13.9 million for the comparable period in 2015. Cash used in operations for the quarter ended June 30, 2016 was $2.3 million, compared to cash provided by operations of $3.1 million for the second quarter of 2015. Operating income was $142,000 against $180,000 a year ago. Loss before income taxes was $605,000 against $597,000 a year ago. Net loss was $605,000 against $625,000 a year ago.

Net loss attributable to unitholders for the six months ended June 30, 2016 totaled $599,000, or $0.15 per ownership unit, on revenue of $23.8 million. For the six months ended June 30, 2015 the Partnership reported net income attributable to unitholders of $8.1 million, or $1.87 per ownership unit, on revenue of $40.8 million. For the six months ended June 30, 2016, cash used in operations was $4.3 million, compared to cash provided by operations of $12.2 million in 2015. Operating loss was $682,000 against profit of $8,253,000 a year ago. Loss before income taxes was $2,085,000 against profit of $6,731,000 a year ago. Net loss was $2,135,000 against profit of $6,363,000 a year ago.

Depending on log markets, the company expects total 2016 harvest volume to be between 88 and 93 MMBF, including volume from the new timberland acquisition. For Real Estate segment, markets remain strong and in the second half of 2016 The company anticipates significant residential lot sales from Harbor Hill project as well as some potential sales of undeveloped land.