Rayonier Inc
NYSE:RYN

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Rayonier Inc
NYSE:RYN
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Price: 25.68 USD -0.31%
Market Cap: 3.8B USD

Rayonier Inc
Investor Relations

Nestled among the towering forests of the American South, Rayonier Inc. stands as a unique player in the timber and real estate industry, tracing roots back to 1926. Originally hailing from the Pacific Northwest, this company has carved its niche with a business model as robust as the Southern pines it manages. At the heart of Rayonier's operations lies its expansive timberland portfolio, covering approximately 2.7 million acres across the United States and New Zealand. Through meticulous land management and sustainable forestry practices, Rayonier ensures a renewable supply of timber that feeds a global demand, particularly driven by the housing and construction sectors. This strategic focus on sustainable timber management not only serves pressing environmental needs but also guarantees a consistent revenue stream for the company.

In tandem with its timber operations, Rayonier has harnessed the intrinsic value of its land through its Real Estate and Resource Management segments. Here, the company adeptly transforms select portions of its timberlands into profitable real estate ventures, often partnering with developers in growth corridors to seize opportunities for residential, commercial, and industrial development. By identifying prime locations with potential for higher returns, Rayonier maximizes the value of its vast landholdings beyond traditional forestry. The interplay between steady income from timber sales and strategic real estate transactions underpins the financial health and future growth prospects of the company, allowing it to maintain a significant presence in the market while adapting to ever-changing economic landscapes.

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Earnings Calls

2024 Q3
Nov 7, 2024
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Rayonier Reports Q3 Results and Revises Annual Guidance
2024 Q3
Nov 7, 2024

Rayonier's Q3 results showed adjusted EBITDA of $72 million, down from $79 million last year. The drop was attributed mainly to a decrease in net stumpage realizations in New Zealand. The company announced updated full-year adjusted EBITDA guidance of $275 million to $290 million, and net income guidance of $343 million to $359 million. Notably, they completed timberland dispositions totaling $495 million, improving their balance sheet and reducing net debt to approximately 2.8x adjusted EBITDA. Despite challenging timber markets, Rayonier remains optimistic about their real estate segment and plans a special distribution for shareholders.

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Management

Mr. Mark R. Bridwell J.D.
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Mr. W. Rhett Rogers
Senior Vice President of Portfolio Management
No Bio Available
Ms. April J. Tice
Senior VP, Chief Accounting Officer & CFO
No Bio Available
Mr. Vernon W. Hiott
Senior Vice President of Land Resources & Business Development
No Bio Available
Mr. Brendan Slui
Senior Vice President of Forest Resources
No Bio Available
Mr. Christopher T. Corr
Senior VP of Real Estate Development & President of Raydient
No Bio Available

Contacts

Address
FLORIDA
Yulee
1 Rayonier Way
Contacts
+19043579100.0
www.rayonier.com