Pope Resources Reports First Quarter 2019 Results POULSBO, Wash. , May 7, 2019 |PRNewswire| -- Pope Resources (NASDAQ: POPE ) reported net income attributable to unitholders of $3.3 million , or $0.75 per ownership unit, on consolidated revenue of $25.0 million , for Q1 2019. This compares to net income attributable to unitholders of $5.7 million , or $1.31 per ownership unit, on consolidated revenue of $25.0 million , for Q1 2018. Consolidated cash provided by operations during Q1 2019 was $5.0 million compared to $10.7 million during Q1 2018. Cash available for distribution (CAD) 1 was $2.7 million during Q1 2019 compared to $6.3 million during Q1 2018. "Log demand in our Pacific Northwest operating region was moderate in Q1 2019," said Tom Ringo , President and CEO, "as a harsh winter for the west coast produced disappointing housing starts and lumber take-away, while uncertainty in trade relations with China constrained export markets. We are cautiously optimistic that log prices will strengthen as the spring and summer building season leads to improved log and lumber demand.