Rayonier Inc. reports developments as a land resources REIT that owns, manages and invests in timberlands in the U.S. South and U.S. Northwest. Company news centers on timber harvest activity, wood products operations, rural land sales, residential and commercial real estate development, and land-based solutions such as carbon capture, solar, mineral and communications uses.
Recurring updates include quarterly and annual operating results, dividends on common shares and operating partnership units, capital-structure actions, governance matters and executive changes. Rayonier's completed merger of equals with PotlatchDeltic is part of its current corporate history, alongside disclosures about sawmills, an industrial-grade plywood mill, forest certification, portfolio management and investor presentations.
Rayonier (NYSE:RYN) announced that its board approved a $300 million increase to the company’s existing share repurchase authorization. The increase adds to approximately $51 million remaining as of October 30, 2026. The program has no expiration date and does not obligate Rayonier to purchase any particular amount of shares.
Rayonier (NYSE:RYN) reported third-quarter 2026 net income of $123.3 million, with timberland sales contributing to the quarter's earnings. Sales were $565.6 million versus $177.5 million a year earlier; diluted earnings were $0.41 versus $0.28. Results include PotlatchDeltic operations, while the comparison reflects standalone Rayonier. Net income included $90.6 million from a Washington timberland disposition and $6.9 million of merger costs, both net of tax. Adjusted EBITDA was $144.6 million versus $114.3 million; pro forma net income fell to $40.0 million from $50.2 million.
Rayonier closed a $145 million Washington timberland sale and a $146 million Texas and Alabama acquisition with RMS. It repurchased $59.8 million of shares, and its board approved an incremental $300 million authorization. September 30 debt was $1.86 billion and cash was $361.4 million. Rayonier expects fourth-quarter Real Estate Adjusted EBITDA of $60–$70 million.
Rayonier (NYSE:RYN) declared a fourth-quarter cash dividend of $0.26 per common share, payable on December 31, 2026. Shareholders of record on December 17, 2026, will receive the dividend.
The board also declared a fourth-quarter cash distribution of $0.26 per operating partnership unit for Rayonier, L.P., with the same payment and record dates.
Rayonier (NYSE:RYN) plans to release its third quarter 2026 earnings after the market closes on November 4, 2026. A conference call and live audio webcast to discuss the results will follow on November 5 at 10:00 a.m. ET. Supplemental materials and the webcast will be available at www.rayonier.com, with a replay available shortly after the call.
Rayonier (NYSE:RYN) released its 2025 Corporate Responsibility Report, outlining progress across four pillars: Forests, Planet, People, and Practices, covering sustainable forest management, environmental impact, workforce safety, and governance. The report references GRI, aligns with SASB and TCFD, follows the PotlatchDeltic merger, and details carbon, nature-related, and climate-risk disclosures.
Rayonier (NYSE:RYN) completed two strategic timberland transactions with Resource Management Service (RMS), selling approximately 36,000 acres in southwest Washington for $145 million and concurrently acquiring about 57,000 acres in Alabama and Texas for $146 million. Both deals were structured as a tax‑efficient, like‑kind exchange, with final prices subject to customary closing costs and adjustments.
According to Rayonier, the newly acquired Southern timberlands are highly productive, with an estimated 69% plantable area and an average expressed site index of 75 feet. The company expects the combined transactions to generate approximately $3 million in incremental annual Adjusted EBITDA from timber operations over the next ten years, excluding potential upside from higher‑and‑better‑use real estate sales and land‑based solutions.
Rayonier (NYSE:RYN) reported second quarter 2026 net income attributable to Rayonier of $19.1 million ($0.06 per diluted share) on revenues of $396.5 million, versus $408.7 million ($2.63 per share) on $106.5 million of revenue a year earlier, when results included a large gain on sale of discontinued operations. Pro forma net income was $31.5 million ($0.10 per share) compared with $9.6 million ($0.06 per share) in the prior-year period, and Adjusted EBITDA rose to $123.7 million from $44.9 million.
Operating income increased to $34.6 million, or $47.2 million on a pro forma basis, and year-to-date cash available for distribution reached $177.1 million, up $130.5 million, driven mainly by higher Adjusted EBITDA. Rayonier repurchased $72.4 million of stock (3.5 million shares at $20.95) and ended June 30, 2026 with $1.86 billion of debt and $411.8 million of cash.
Segment performance reflected the full-quarter contribution of legacy PotlatchDeltic operations. Southern Timber sales doubled with 110% higher harvest volumes but lower prices, while Adjusted EBITDA increased 85% to $52.6 million. Northwest Timber sales rose 177% with 133% higher volumes and stronger prices, lifting Adjusted EBITDA to $26.3 million. The Wood Products segment generated $196.2 million in sales and $25.0 million of Adjusted EBITDA on improving lumber price realizations and 314 MMBF of shipments. Real Estate sales increased to $53.7 million on higher acres sold, driving Adjusted EBITDA to $38.3 million.
Corporate and other operating expenses increased by $19.4 million to $28.7 million, including $10.4 million of merger-related costs. Interest expense increased by $10.4 million to $16.9 million, mainly from debt assumed in the PotlatchDeltic merger, partially offset by higher interest income on cash. The quarter also included $2.3 million of timber write-offs from casualty events. According to Rayonier, 2026 guidance continues to assume pro rata contribution from legacy PotlatchDeltic operations, with expectations for Southern Timber harvest volumes of 12.2–12.5 million tons, Northwest Timber harvest volumes of 2.0–2.2 million tons, approximately 1.1 billion board feet of lumber shipments for the year, and full-year Real Estate Adjusted EBITDA of $180–$200 million.
Rayonier (NYSE:RYN) appointed Ryan Daniels as Senior Vice President, Wood Products, effective immediately. Daniels had been serving as Interim Senior Vice President, Wood Products, since March 20, 2026, and previously served as Senior Vice President, Operations of the Wood Products business since January 2026.
He joined PotlatchDeltic in September 2023 as Director, Wood Products Operations and continued through the merger of equals between Rayonier and PotlatchDeltic earlier this year. Daniels previously held leadership roles at several large wood products manufacturers and holds B.S. and M.S. degrees in Industrial Engineering from the University of Arkansas.
Rayonier (NYSE:RYN) declared a third quarter 2026 cash dividend of $0.26 per common share, payable on September 30, 2026 to shareholders of record as of September 16, 2026. The board, acting for Rayonier, L.P., also approved a matching $0.26 third quarter cash distribution per operating partnership unit, with the same record and payment dates.
Rayonier (NYSE:RYN) plans to release its second quarter 2026 earnings after the market closes on Wednesday, August 5, 2026. The company will discuss the results via a conference call and live audio webcast at 10:00 a.m. ET on Thursday, August 6, 2026, with materials and replay available on its website.