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Industry groups representing loggers, mills, private timberland owners, biomass energy producers and others claim the designation would lead to heightened wildfire risk.

The timberland owner and wood products company posted revenue of $228.1 million in the period, also surpassing Street forecasts.

“Our results basically show that those large wildfires and drought stresses have a negative impact on the private timberland prices in this region,” Wang said.

Wildfires and drought have led to $11.2 billion in damages to privately held timberland in California, Oregon and Washington over the past two decades, a new Oregon State University study found.

Urbanization is the main threat to the tortoises, but timberland can be managed in a way that leaves room for them.