Rayonier Stock Price, News & Analysis

Rayonier (NYSE:RYN) has declared a quarterly cash dividend of $0.2725 per common share for the second quarter of 2025. The dividend will be paid on June 30, 2025, to shareholders of record as of June 16, 2025. Additionally, the board of directors has declared an identical cash distribution of $0.2725 per operating partnership unit for Rayonier, L.P., payable on the same dates to unit holders.

Rayonier reported a first quarter 2025 net loss of $3.4 million (-$0.02 per share) on revenues of $82.9 million, compared to net income of $1.4 million in Q1 2024. The company's Adjusted EBITDA was $27.1 million, down 39% from the previous year.

Key highlights include the planned sale of its New Zealand joint venture interest, with operations now classified as discontinued. Southern Timber sales decreased 27% to $50.9 million, while Pacific Northwest Timber sales fell 15% to $21.4 million. The company completed $13 million in share repurchases through April 2025.

Looking ahead, Rayonier revised its 2025 guidance, expecting net income of $424-458 million ($2.71-2.93 per share) and Adjusted EBITDA of $215-235 million. The guidance reflects the New Zealand operations reclassification and anticipates stronger performance in upcoming quarters as timber market conditions normalize.

Rayonier Inc. (NYSE:RYN) has announced its plans to release first quarter 2025 earnings report after market close on Wednesday, April 30, 2025. The company will hold a conference call and live audio webcast the following day, Thursday, May 1, at 10:00 a.m. (ET) to discuss the results.

Investors can access supplemental materials and the live webcast at www.rayonier.com, with a replay available shortly after the call. For those preferring to dial in, the conference call can be accessed at 888-604-9366 (domestic) or 517-308-9338 (international) using the passcode: RAYONIER. The conference call replay will be available until June 1, 2025.

Rayonier (NYSE:RYN) has agreed to sell its 77% interest in its New Zealand joint venture to The Rohatyn Group (TRG) for $710 million. The deal, which implies an enterprise value of $922 million for the joint venture, covers approximately 287,000 productive acres of timberlands.

The transaction, expected to close in 2025, represents multiples of ~18x three-year average EBITDA and ~30x three-year average timber-only EBITDA. Following the sale, Rayonier will focus exclusively on U.S. operations, with plans to use proceeds for debt reduction, shareholder returns through special dividends ($1.00 to $1.40 per share anticipated for 2025), and potential acquisitions.

This strategic move aligns with Rayonier's goal of capitalizing on the disconnect between public and private timberland values and reducing leverage in a higher interest rate environment. The company expects the transaction to be modestly accretive to pro forma CAD per share, with pro forma Net Debt to Adjusted EBITDA decreasing to approximately 0.3x before any capital redeployment.

Rayonier (NYSE:RYN) has announced its participation in two major upcoming investor conferences. Mark D. McHugh, President and Chief Executive Officer, will deliver presentations at:

- The Raymond James 46th Annual Institutional Investors Conference on Monday, March 3, 2025, at 2:50 p.m. ET

- Citi's 30th Annual Global Property CEO Conference on Wednesday, March 5, 2025, at 8:50 a.m. ET

Both presentations will be accessible through the Investor Relations section of Rayonier's website (www.rayonier.com) via registration links. Replay options will be available on the company's website following the live events.

Rayonier (NYSE:RYN) has announced its first quarter 2025 dividend of $0.2725 per common share, payable on March 31, 2025, to shareholders of record on March 17, 2025. This represents a 4.4% reduction from the previous $0.285 per share dividend. The adjustment reflects the impact of 7.6 million additional shares issued as part of the company's recent special dividend.

The total shares and units outstanding increased by 5.1% from 150.5 million to 158.2 million following the special dividend distribution. Despite the per-share dividend reduction, the aggregate quarterly dividend payment will increase by 0.5% to $43.1 million. The company's operating partnership, Rayonier L.P., will also distribute $0.2725 per unit to unitholders of record on March 17, 2025.

Rayonier (NYSE:RYN) reported strong Q4 2024 results with net income of $327.1 million ($2.15 per share) and Adjusted EBITDA of $115.1 million. Full-year net income reached $359.1 million ($2.39 per share) with Adjusted EBITDA of $298.8 million.

The company completed $495 million of Large Dispositions in Q4 and has returned over $110 million to shareholders through special dividends and share repurchases. Rayonier's Land-Based Solution business showed significant growth, with year-end pipeline reaching ~39,000 acres under solar option and ~154,000 acres under carbon capture and storage lease.

Q4 operating income was $346.2 million, with strong performance in Southern Timber ($18.0M), New Zealand Timber ($14.2M), and Real Estate ($326.1M) segments. The company repurchased 488,000 shares at an average price of $30.10 per share in Q4. For 2025, Rayonier projects net income of $79-100 million and Adjusted EBITDA of $270-300 million.

Rayonier (NYSE:RYN) has announced the tax treatment of its 2024 dividend distributions on Common Stock. The company's total dividends for 2024 amount to $2.94 per share, distributed across five payments: four quarterly payments of $0.285 each (March, June, September, and December 2024) and a special dividend of $1.80 paid on January 30, 2025.

For income tax purposes, 100% of the dividend distributions are classified as Capital Gain Distribution, with 0% as Non-dividend Distribution. All payments qualify as Section 897 Capital Gain. The company advises shareholders to consult with tax advisers regarding their specific tax treatment of these dividends, noting that the 2024 tax treatment should not be considered indicative of future dividend tax treatments.