Rayonier Inc. REIT
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a Âlook-through basisÂ, the Company's ownership in the timber fund business equates to approximately 17,000 acres.
IPO Year:
Exchange: NYSE
Website: rayonier.com
Peers
Recent Analyst Ratings for Rayonier Inc. REIT
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/12/2025 | $31.00 | Mkt Perform → Outperform | Raymond James |
11/2/2023 | $32.00 | Neutral → Buy | Seaport Research Partners |
5/16/2023 | $33.00 | Hold | Truist |
11/5/2021 | $35.00 → $36.00 | Sector Perform | RBC Capital |
Rayonier Inc. REIT Press Releases
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Rayonier and The Rohatyn Group Announce Agreement on Sale of New Zealand Joint Venture Interest for $710 Million
Rayonier is selling entities that hold its entire 77% New Zealand joint venture interest for a purchase price of $710 million, subject to net debt, working capital, and other adjustments Purchase price implies enterprise value of $922 million for the New Zealand joint venture, which manages ~287,000 productive acres of timberlands as of 12/31/24 Rayonier's exit from New Zealand will allow the company to concentrate its capital in core U.S. markets with favorable long-term growth prospects, while also simplifying and streamlining its portfolio, financial reporting, and shareholder value proposition TRG is well-positioned to drive future growth and value creation in the New Zealand bus
Rayonier to Present at Upcoming Investor Conferences
Rayonier (NYSE:RYN) announced today that Mark D. McHugh, President and Chief Executive Officer will present at the Raymond James 46th Annual Institutional Investors Conference on Monday, March 3, 2025 at 2:50 p.m. ET, and at Citi's 30th Annual Global Property CEO Conference on Wednesday, March 5, 2025 at 8:50 a.m. ET. To access both events, participants can visit the Investor Relations section of Rayonier's website at www.rayonier.com and follow the registration links. The webcasts will be available for replay on the company's website shortly after the live events. About Rayonier Rayonier is a leading timberland real estate investment trust with assets located in some of the most product
Rayonier Announces First Quarter 2025 Dividend
Rayonier Inc. (NYSE:RYN) announced today that the Company's board of directors has declared a first quarter cash dividend of $0.2725 per common share. The dividend is payable on March 31, 2025, to shareholders of record on March 17, 2025. The adjustment in the quarterly dividend to $0.2725 per share from $0.285 per share reflects the 7.6 million incremental shares issued to shareholders as part of the Company's recent special dividend and is consistent with our previous communications regarding the anticipated impact of the special dividend on the Company's ordinary quarterly dividend. The Company also announced today that the Company's board of directors, in its capacity as the board of
Rayonier Reports Fourth Quarter 2024 Results
Fourth quarter net income attributable to Rayonier of $327.1 million ($2.15 per share), pro forma net income of $41.1 million ($0.27 per share), and Adjusted EBITDA of $115.1 million Full-year net income attributable to Rayonier of $359.1 million ($2.39 per share), pro forma net income of $69.9 million ($0.47 per share), and Adjusted EBITDA of $298.8 million Closed $495 million of previously announced Large Dispositions during the fourth quarter Since November 2023 announcement of Initiatives to Enhance Shareholder Value, completed $737 million of Large Dispositions, returned over $110 million of capital to shareholders in the form of special cash dividends and share repurchases,
Rayonier Announces Tax Treatment of 2024 Dividends
Rayonier Inc. (the "Company" or "Rayonier") (NYSE:RYN) announced today the tax treatment of the Company's 2024 dividend distributions on its Common Stock CUSIP 754907103. The dividends, totaling $2.94 per share, were paid as follows: $0.285 on March 28, 2024; $0.285 on June 28, 2024; $0.285 on September 30, 2024; $0.285 on December 31, 2024; and $1.80 on January 30, 2025. The $2.94 per share dividend is classified for income tax purposes as 100% Capital Gain Distribution and 0% Non-dividend Distribution. The following table summarizes the income tax treatment of the Company's 2024 dividends. 2024 Dividend Tax Reporting Information (Form 1099-DIV) Record Date Payable Date
Rayonier Announces Results of Special Dividend Election
Rayonier Inc. (the "Company" or "Rayonier") (NYSE:RYN) announced today the results of shareholder elections relating to the special dividend declared by its Board of Directors on December 2, 2024. The dividend of $1.80 per common share will be paid on January 30, 2025, to shareholders of record on December 12, 2024. The dividend will be paid in the form of approximately $67 million in cash and approximately 7.6 million common shares. The number of common shares included in the dividend was calculated based on the volume weighted average trading prices of the Company's common shares on the New York Stock Exchange on January 17, January 21, and January 22, 2025, or $26.5116 per share. Sha
Rayonier Scheduled to Release Fourth Quarter Earnings on February 5
Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2024 earnings after the market closes on Wednesday, February 5, 2025. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 6 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Friday, March 7,
Rayonier Announces Pore Space Agreement with Reliant Carbon Capture & Storage Covering Approximately 104,000 Acres
Rayonier Inc. (NYSE:RYN) today announced that it has entered into an underground pore space easement agreement with an affiliate of Reliant Carbon Capture & Storage covering approximately 104,000 acres in Alabama. Reliant specializes in capturing CO2 emissions from power plants and industrial facilities and safely sequestering this CO2 in subsurface geologic formations. Along with this significant pore space agreement, Reliant is currently completing a front-end engineering design report for a power generating station in the area. "Carbon capture and storage opportunities represent a key pillar of our land-based solutions strategy, and we are encouraged by our progress in securing additio
Rayonier Announces New $300 Million Share Repurchase Authorization
Rayonier Inc. (the "Company" or "Rayonier") (NYSE:RYN) today announced that the Company's board of directors has approved a new $300 million share repurchase authorization. The new authorization replaces and supersedes the Company's existing $100 million share repurchase authorization. Repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions. The new repurchase program has no time limit and may be suspended for periods or discontinued at any time. "Our new share repurchase authorization provides us additional capacity to execute on share repurchases, demonstrating our conviction in the underlying net asset value o
Rayonier Declares Special Dividend of $1.80 Per Share Payable 25% in Cash and 75% in Common Shares
Rayonier Inc. (the "Company" or "Rayonier") (NYSE:RYN) announced today that the Company's board of directors has declared a one-time, special dividend of $1.80 per common share, consisting of a combination of cash and the Company's common shares. The dividend is payable on January 30, 2025 to shareholders of record on December 12, 2024. The special dividend is being made in connection with the taxable gains arising from the $495 million of timberland dispositions the Company completed during the fourth quarter as part of its previously announced asset disposition and capital structure realignment plan. The cash component of the special dividend (other than cash paid in lieu of fractiona
Rayonier Inc. REIT Analyst Ratings
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Rayonier upgraded by Raymond James with a new price target
Raymond James upgraded Rayonier from Mkt Perform to Outperform and set a new price target of $31.00
Rayonier upgraded by Seaport Research Partners with a new price target
Seaport Research Partners upgraded Rayonier from Neutral to Buy and set a new price target of $32.00
Truist initiated coverage on Rayonier with a new price target
Truist initiated coverage of Rayonier with a rating of Hold and set a new price target of $33.00
RBC Capital reiterated coverage on Rayonier with a new price target
RBC Capital reiterated coverage of Rayonier with a rating of Sector Perform and set a new price target of $36.00 from $35.00 previously
BMO Capital reiterated coverage on Rayonier with a new price target
BMO Capital reiterated coverage of Rayonier with a rating of Market Perform and set a new price target of $36.00 from $32.00 previously
Rayonier Inc. REIT Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
President and CEO Mchugh Mark covered exercise/tax liability with 1,929 shares, decreasing direct ownership by 0.90% to 211,842 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
SVP, GC and Secretary Bridwell Mark R covered exercise/tax liability with 817 shares, decreasing direct ownership by 0.88% to 92,227 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
SVP, Real Estate Development Corr Christopher T covered exercise/tax liability with 535 shares, decreasing direct ownership by 0.76% to 69,935 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
Executive VP & CRO Long Douglas M covered exercise/tax liability with 1,262 shares, decreasing direct ownership by 1% to 119,344 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
SVP, Portfolio Management Rogers W. Rhett covered exercise/tax liability with 965 shares, decreasing direct ownership by 1% to 70,431 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
SVP, Human Resources and IT Pyatt Shelby L covered exercise/tax liability with 465 shares, decreasing direct ownership by 0.83% to 55,885 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
SVP & CFO Tice April J. covered exercise/tax liability with 353 shares, decreasing direct ownership by 0.76% to 46,353 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
SVP, GC and Secretary Bridwell Mark R covered exercise/tax liability with 2,787 shares and was granted 10,261 shares, increasing direct ownership by 9% to 93,044 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
SVP, Real Estate Development Corr Christopher T was granted 6,959 shares and covered exercise/tax liability with 1,886 shares, increasing direct ownership by 8% to 70,470 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
Executive VP & CRO Long Douglas M was granted 18,291 shares and covered exercise/tax liability with 4,437 shares, increasing direct ownership by 13% to 120,606 units (SEC Form 4)
4 - RAYONIER INC (0000052827) (Issuer)
Rayonier Inc. REIT SEC Filings
SEC Form DEFA14A filed by Rayonier Inc. REIT
DEFA14A - RAYONIER INC (0000052827) (Filer)
SEC Form DEF 14A filed by Rayonier Inc. REIT
DEF 14A - RAYONIER INC (0000052827) (Filer)
SEC Form 11-K filed by Rayonier Inc. REIT
11-K - RAYONIER INC (0000052827) (Filer)
Rayonier Inc. REIT filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
8-K - RAYONIER INC (0000052827) (Filer)
SEC Form ARS filed by Rayonier Inc. REIT
ARS - RAYONIER INC (0000052827) (Filer)
SEC Form DEFA14A filed by Rayonier Inc. REIT
DEFA14A - RAYONIER INC (0000052827) (Filer)
SEC Form DEF 14A filed by Rayonier Inc. REIT
DEF 14A - RAYONIER INC (0000052827) (Filer)
Rayonier Inc. REIT filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders (Amendment)
8-K/A - RAYONIER INC (0000052827) (Filer)
SEC Form 11-K filed by Rayonier Inc. REIT
11-K - RAYONIER INC (0000052827) (Filer)
SEC Form S-8 filed by Rayonier Inc. REIT
S-8 - RAYONIER INC (0000052827) (Filer)
Rayonier Inc. REIT Leadership Updates
Live Leadership Updates
Rayonier to Host 2024 Investor Day in New York City Today at 9:00 AM ET
Rayonier Inc. (NYSE:RYN), a leading timberland REIT, will host an Investor Day in New York City today starting at 9:00 AM ET as previously announced. Presentations will cover several key topics, including the Company's upcoming leadership transition, its plan to execute on emerging opportunities for land-based solutions, the value creation potential of its real estate development platform, an overview of its high-quality timberland portfolio, and an update on its initiatives to enhance shareholder value announced on November 1, 2023. A live webcast of the presentation, along with the presentation materials, will be available at https://ir.rayonier.com at the start of the event. For those wh
Rayonier Announces Climate Pledge Commitment
Rayonier Inc. (NYSE:RYN) announced today its commitment to The Climate Pledge, reinforcing our dedication to a sustainable and environmentally responsible future. The Climate Pledge encourages businesses worldwide to take immediate and impactful action to combat climate change. By signing The Climate Pledge, Rayonier joins a growing community of over 460 companies that are committed to achieving net-zero carbon emissions by 2040, a decade ahead of the Paris Agreement's target. As part of our commitment to The Climate Pledge, Rayonier will: Measure and report: We will continue to measure our carbon emissions accurately and transparently, ensuring that we have a clear understanding of
Rayonier Announces Leadership Succession Plan
Mark McHugh named President and CEO, effective April 1, 2024. Doug Long to serve as Executive Vice President and Chief Resource Officer, as previously announced. April Tice, currently Chief Accounting Officer, named Senior Vice President and Chief Financial Officer, effective April 1, 2024. Rayonier Inc. (NYSE:RYN) today announced that David Nunes will be retiring as Chief Executive Officer and a member of the Board, effective March 31, 2024. Pursuant to a multi-year succession planning process led by the Board of Directors, Mark McHugh, currently President and Chief Financial Officer, will become CEO and join the company's Board at that time. "Serving as Rayonier's CEO over the
Three Distinguished Alumni Named to Pomona College Board of Trustees
CLAREMONT, Calif., Aug. 30, 2021 /PRNewswire-PRWeb/ -- With fall semester classes beginning today (Aug. 30), Pomona College announces the appointment of three distinguished alumni to its Board of Trustees. Susan Gerardo Dunn '84, David L. Nunes '83 and MacKenzie Teymouri '09 took office this summer on the board of one of the world's leading liberal arts colleges, named by The New York Times as one of the top higher education institutions "doing the most for the American dream." Susan Gerardo Dunn '84 Susan Gerardo Dunn '84 is a writer, editor, publisher and founder of Indicia Media, which produces the local daily news website Baltimore Fishbowl and publishes an annual print guide to local s
Rayonier Inc. REIT Financials
Live finance-specific insights
Rayonier and The Rohatyn Group Announce Agreement on Sale of New Zealand Joint Venture Interest for $710 Million
Rayonier is selling entities that hold its entire 77% New Zealand joint venture interest for a purchase price of $710 million, subject to net debt, working capital, and other adjustments Purchase price implies enterprise value of $922 million for the New Zealand joint venture, which manages ~287,000 productive acres of timberlands as of 12/31/24 Rayonier's exit from New Zealand will allow the company to concentrate its capital in core U.S. markets with favorable long-term growth prospects, while also simplifying and streamlining its portfolio, financial reporting, and shareholder value proposition TRG is well-positioned to drive future growth and value creation in the New Zealand bus
Rayonier Announces First Quarter 2025 Dividend
Rayonier Inc. (NYSE:RYN) announced today that the Company's board of directors has declared a first quarter cash dividend of $0.2725 per common share. The dividend is payable on March 31, 2025, to shareholders of record on March 17, 2025. The adjustment in the quarterly dividend to $0.2725 per share from $0.285 per share reflects the 7.6 million incremental shares issued to shareholders as part of the Company's recent special dividend and is consistent with our previous communications regarding the anticipated impact of the special dividend on the Company's ordinary quarterly dividend. The Company also announced today that the Company's board of directors, in its capacity as the board of
Rayonier Reports Fourth Quarter 2024 Results
Fourth quarter net income attributable to Rayonier of $327.1 million ($2.15 per share), pro forma net income of $41.1 million ($0.27 per share), and Adjusted EBITDA of $115.1 million Full-year net income attributable to Rayonier of $359.1 million ($2.39 per share), pro forma net income of $69.9 million ($0.47 per share), and Adjusted EBITDA of $298.8 million Closed $495 million of previously announced Large Dispositions during the fourth quarter Since November 2023 announcement of Initiatives to Enhance Shareholder Value, completed $737 million of Large Dispositions, returned over $110 million of capital to shareholders in the form of special cash dividends and share repurchases,
Rayonier Announces Tax Treatment of 2024 Dividends
Rayonier Inc. (the "Company" or "Rayonier") (NYSE:RYN) announced today the tax treatment of the Company's 2024 dividend distributions on its Common Stock CUSIP 754907103. The dividends, totaling $2.94 per share, were paid as follows: $0.285 on March 28, 2024; $0.285 on June 28, 2024; $0.285 on September 30, 2024; $0.285 on December 31, 2024; and $1.80 on January 30, 2025. The $2.94 per share dividend is classified for income tax purposes as 100% Capital Gain Distribution and 0% Non-dividend Distribution. The following table summarizes the income tax treatment of the Company's 2024 dividends. 2024 Dividend Tax Reporting Information (Form 1099-DIV) Record Date Payable Date
Rayonier Announces Results of Special Dividend Election
Rayonier Inc. (the "Company" or "Rayonier") (NYSE:RYN) announced today the results of shareholder elections relating to the special dividend declared by its Board of Directors on December 2, 2024. The dividend of $1.80 per common share will be paid on January 30, 2025, to shareholders of record on December 12, 2024. The dividend will be paid in the form of approximately $67 million in cash and approximately 7.6 million common shares. The number of common shares included in the dividend was calculated based on the volume weighted average trading prices of the Company's common shares on the New York Stock Exchange on January 17, January 21, and January 22, 2025, or $26.5116 per share. Sha
Rayonier Scheduled to Release Fourth Quarter Earnings on February 5
Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2024 earnings after the market closes on Wednesday, February 5, 2025. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 6 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Friday, March 7,
Rayonier Announces New $300 Million Share Repurchase Authorization
Rayonier Inc. (the "Company" or "Rayonier") (NYSE:RYN) today announced that the Company's board of directors has approved a new $300 million share repurchase authorization. The new authorization replaces and supersedes the Company's existing $100 million share repurchase authorization. Repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions. The new repurchase program has no time limit and may be suspended for periods or discontinued at any time. "Our new share repurchase authorization provides us additional capacity to execute on share repurchases, demonstrating our conviction in the underlying net asset value o
Rayonier Declares Special Dividend of $1.80 Per Share Payable 25% in Cash and 75% in Common Shares
Rayonier Inc. (the "Company" or "Rayonier") (NYSE:RYN) announced today that the Company's board of directors has declared a one-time, special dividend of $1.80 per common share, consisting of a combination of cash and the Company's common shares. The dividend is payable on January 30, 2025 to shareholders of record on December 12, 2024. The special dividend is being made in connection with the taxable gains arising from the $495 million of timberland dispositions the Company completed during the fourth quarter as part of its previously announced asset disposition and capital structure realignment plan. The cash component of the special dividend (other than cash paid in lieu of fractiona
Rayonier Reports Third Quarter 2024 Results
Third quarter net income attributable to Rayonier of $28.8 million ($0.19 per share) on revenues of $195.0 million Third quarter pro forma net income of $18.1 million ($0.12 per share) Third quarter operating income of $27.6 million, pro forma operating income of $28.5 million, and Adjusted EBITDA of $71.8 million Year-to-date cash provided by operations of $173.8 million and cash available for distribution (CAD) of $105.7 million Updating full-year Adjusted EBITDA guidance to reflect current outlook and disposition activity announced concurrent with this release Rayonier Inc. (NYSE:RYN) today reported third quarter net income attributable to Rayonier of $28.8 million, or $0.19 p
Rayonier Announces Timberland Dispositions Totaling $495 Million
Four separate transactions comprising ~91,000 acres in Oklahoma and ~109,000 acres in Washington Aggregate sale value represents multiple of 45x three-year average EBITDA* Transactions capitalize on public-private valuation disparity and generate significant proceeds for de-leveraging and return of capital to shareholders Pro forma Net Debt to pro forma Adjusted EBITDA* expected to decline to ~2.8x Rayonier Inc. (NYSE:RYN) today announced completed and pending timberland dispositions totaling ~200,000 acres for an aggregate purchase price of $495 million (~$2,475/acre) as part of its previously announced asset disposition and capital structure realignment plan. The dispositions con
Rayonier Inc. REIT Large Ownership Changes
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Amendment: SEC Form SC 13G/A filed by Rayonier Inc. REIT
SC 13G/A - RAYONIER INC (0000052827) (Subject)
Amendment: SEC Form SC 13G/A filed by Rayonier Inc. REIT
SC 13G/A - RAYONIER INC (0000052827) (Subject)
SEC Form SC 13G/A filed by Rayonier Inc. REIT (Amendment)
SC 13G/A - RAYONIER INC (0000052827) (Subject)
SEC Form SC 13G/A filed by Rayonier Inc. REIT (Amendment)
SC 13G/A - RAYONIER INC (0000052827) (Subject)
SEC Form SC 13G/A filed by Rayonier Inc. REIT (Amendment)
SC 13G/A - RAYONIER INC (0000052827) (Subject)
SEC Form SC 13G/A filed by Rayonier Inc. REIT (Amendment)
SC 13G/A - RAYONIER INC (0000052827) (Subject)
SEC Form SC 13G/A filed by Rayonier Inc. REIT (Amendment)
SC 13G/A - RAYONIER INC (0000052827) (Subject)
SEC Form SC 13G/A filed by Rayonier Inc. REIT (Amendment)
SC 13G/A - RAYONIER INC (0000052827) (Subject)
SEC Form SC 13G/A filed by Rayonier Inc. REIT (Amendment)
SC 13G/A - RAYONIER INC (0000052827) (Subject)
SEC Form SC 13G/A filed by Rayonier Inc. REIT (Amendment)
SC 13G/A - RAYONIER INC (0000052827) (Subject)