Rayonier Stock Price, News & Analysis

Rayonier (NYSE:RYN) announced that executives will present at two upcoming investor conferences. Mark D. McHugh, CFO, will speak at the Raymond James 43rd Annual Institutional Investors Conference on March 7, 2022, at 2:50 p.m. ET. David L. Nunes, President and CEO, will present at the Citi 2022 Global Property CEO Conference on March 8, 2022, at 3:30 p.m. ET. Interested participants can access the events via Rayonier's Investor Relations website, where replays will also be available shortly after.

Rayonier Inc. (NYSE:RYN) has declared a first quarter cash dividend of $0.27 per common share, payable on March 31, 2022, to shareholders of record on March 17, 2022. Additionally, a cash distribution of $0.27 per operating partnership unit has been announced for Rayonier, L.P., also payable on March 31, 2022, to holders of record on March 17, 2022. Rayonier is a leading timberland REIT, managing approximately 2.7 million acres of timberlands, primarily in the U.S. and New Zealand.

Rayonier has acquired 66,800 acres of timberland in Texas and Georgia from Nuveen Natural Capital for $124.2 million. This transaction marks a significant step for Rayonier as it enhances their portfolio in productive timber markets, aiding in scale growth. Nuveen's decision reflects a successful investment cycle in these regions since acquiring the properties from 1999 to 2005. The purchase demonstrates active management and market knowledge, as highlighted by executives from both companies.

Rayonier reported fourth-quarter net income of $8.7 million ($0.06 per share) on revenues of $262 million, a decrease from the prior year's $10.3 million. Pro forma net income fell to $2 million ($0.01 per share) from $11 million. Full-year results showed net income of $152.6 million ($1.08 per share) on revenues of $1.1 billion, up from $37.1 million in 2020. While the Southern Timber segment performed well, Adjusted EBITDA decreased to $50.4 million from $74.5 million in the prior year. The company continues to focus on growth and operational efficiency amidst a challenging market environment.

Rayonier (NYSE:RYN) announced the tax treatment for its $1.08 per share dividend paid in 2021, distributed quarterly as $0.27 on March 31, June 30, September 30, and December 31. All distributions are classified as 100% Capital Gain Distribution for tax purposes. Shareholders are advised to consult tax advisers regarding their specific tax treatment, as the current classification may not predict future distributions.

Rayonier Inc. (NYSE:RYN) will release its fourth quarter 2021 earnings on February 2, 2022, post-market. A conference call is scheduled for February 3, 2022, at 10:00 a.m. (EST), to discuss the results. Investors can access the call via telephone or through a live audio webcast on www.rayonier.com. A replay will be available after the call until March 2, 2022. Rayonier manages approximately 2.6 million acres of timberland across the U.S. and New Zealand.

Rayonier reported third quarter net income of $75.8 million ($0.53 per share) on revenues of $364.7 million, a significant improvement from a net loss of $0.8 million in the same quarter last year. Adjusted EBITDA was $114.6 million, up 71% year-over-year. The results included gains from timberland dispositions and debt extinguishment. Year-to-date cash from operations reached $277.4 million, leading to available cash for distribution of $203.9 million. Outlook for full-year net income is set between $148 to $152 million.

Rayonier (NYSE:RYN) has declared a $0.27 per share cash dividend for Q4, payable on December 31, 2021, to shareholders of record on December 17, 2021. Additionally, a cash distribution of $0.27 per operating partnership unit has also been announced for the same dates. As of June 30, 2021, Rayonier manages approximately 2.7 million acres of timberlands in the U.S. and New Zealand, highlighting its strong position in the timberland investment sector.

Rayonier Inc. (NYSE:RYN) will release its Q3 2021 earnings on November 3, 2021, after market close. Following this, a conference call will be held on November 4 at 10:00 a.m. EDT to discuss the results, accessible via their website. The company manages approximately 2.7 million acres of timberlands in the U.S. and New Zealand as of June 30, 2021. Further details, including a replay of the call, will be available on their website.