Rayonier Inc is a real estate investment trust that primarily focuses on the sustainable management and development of its extensive portfolio of timberland and forests
The company is engaged in growing, harvesting, and selling timber, which supports various industries, including construction and paper products. In addition to timberland operations, Rayonier also owns and manages a growing segment of real estate properties, particularly in the recreational and coastal areas, enhancing its portfolio with opportunities in land development and property leasing. Through its sustainable practices, Rayonier aims to balance economic growth with environmental stewardship, ensuring responsible land use while delivering value to its stakeholders.
Rayonier Inc. (the “Company” or “Rayonier”) (NYSERYN) announced today the tax treatment of the Company’s 2024 dividend distributions on its Common Stock CUSIP 754907103.
Rayonier Inc. (the “Company” or “Rayonier”) (NYSERYN) 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.
Rayonier Inc. (NYSERYN) 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.
Rayonier Inc. (the “Company” or “Rayonier”) (NYSERYN) 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.
Rayonier Inc. (the “Company” or “Rayonier”) (NYSERYN) 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.
Rayonier Inc. (NYSERYN) today reported third quarter net income attributable to Rayonier of $28.8 million, or $0.19 per share, on revenues of $195.0 million. This compares to net income attributable to Rayonier of $19.2 million, or $0.13 per share, on revenues of $201.6 million in the prior year quarter.
Rayonier Inc. (NYSERYN) 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 consist of approximately 91,000 acres in Southeast Oklahoma and 109,000 acres on the Olympic Peninsula in Northwest Washington. The properties were sold through four separate transactions to high-caliber institutional investors. Three of these transactions (comprising ~75% of total proceeds) have already closed during the fourth quarter, and the remaining transaction is expected to close before the end of the year.
Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $0.285 per common share. The dividend is payable on December 31, 2024, to shareholders of record on December 17, 2024.
Rayonier Inc. (NYSERYN) today released its 2023 Sustainability Report, which highlights the actions the company is taking to enhance the long-term sustainability of its land resources as well as the long-term well-being of its investors, employees, communities, and other stakeholders. This report illustrates Rayonier’s ongoing commitment to transparency around Environmental, Social, and Governance (ESG) factors and how they are incorporated into its strategic and operational decision-making.
Rayonier Inc. (NYSERYN) today reported second quarter net income attributable to Rayonier of $1.9 million, or $0.01 per share, on revenues of $173.6 million. This compares to net income attributable to Rayonier of $19.0 million, or $0.13 per share, on revenues of $208.9 million in the prior year quarter.
Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a third quarter cash dividend of $0.285 per common share. The dividend is payable on September 30, 2024, to shareholders of record on September 16, 2024.
Rayonier Inc. (NYSERYN) announced today that Mark McHugh, President and CEO, will present at Nareit’s REITweek: 2024 Investor Conference on Tuesday, June 4 at 11:45 a.m. Eastern Time in New York, NY.
Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a second quarter cash dividend of $0.285 per common share. The dividend is payable on June 28, 2024, to shareholders of record on June 14, 2024.
Rayonier Inc. (NYSERYN) today reported first quarter net income attributable to Rayonier of $1.4 million, or $0.01 per share, on revenues of $168.1 million. This compares to net income attributable to Rayonier of $8.3 million, or $0.06 per share, on revenues of $179.1 million in the prior year quarter.
Wall Street likes the new trend breakout in these construction and wood stocks, analysts think EPS could soar above other peers as markets bid them higher.
Rayonier Inc. (NYSERYN), 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 who are unable to watch the live webcast, an archived copy of the webcast will be available following the conclusion of the event.
