Rayonier Stock Price, News & Analysis

Rayonier announced a first quarter cash dividend of $0.27 per common share, payable on March 31, 2021, to shareholders of record on March 17, 2021. Additionally, a cash distribution of $0.27 per operating partnership unit was declared, also payable on the same date. Rayonier is a leading timberland real estate investment trust, owning approximately 2.7 million acres of timberlands across the U.S. and New Zealand, highlighting its strong position in the softwood timber market.

Rayonier Inc. (NYSE:RYN) has announced that its President and CEO, David L. Nunes, will participate in two virtual investor conferences. The events are the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 10:00 a.m. ET, and the Citi 2021 Global Property CEO Conference on March 8, 2021, at 7:30 a.m. ET. Interested participants can access the events through the Investor Relations section on Rayonier's website. Rayonier is a prominent timberland real estate investment trust, owning or managing 2.7 million acres of timberlands across the U.S. and New Zealand.

Rayonier Inc. (NYSE: RYN) reported a fourth-quarter net income of $10.3 million, or $0.07 per share, on revenues of $205.5 million, a decline from $16.0 million and $178.8 million in the prior year quarter. The results included $0.7 million in merger costs with Pope Resources. Excluding these, pro forma net income was $11.0 million. Full-year 2020 net income fell to $37.1 million from $59.1 million, influenced by merger costs and timber write-offs. However, Adjusted EBITDA for the fourth quarter rose 15% to $74.5 million, driven by strong performance in Pacific Northwest Timber and Real Estate.

Rayonier (NYSE:RYN) announced the tax treatment for its 2020 dividends totaling $1.08 per share, which were distributed quarterly at $0.27 on March 31, June 30, September 30, and December 31, 2020. These dividends are classified as 100% Capital Gain Distribution for tax purposes. Shareholders are advised to consult their tax advisers regarding their specific tax implications. Rayonier is a leading timberland REIT, with approximately 2.7 million acres of timberlands in the U.S. and New Zealand.

Rayonier Inc. (NYSE: RYN) has appointed Meridee A. Moore and Matthew J. Rivers to its Board of Directors, following the resignation of Senator Blanche L. Lincoln due to family commitments. Moore is the founder and Chief Investment Officer of Watershed Asset Management, bringing expertise in alternative assets. Rivers has extensive experience in forestry and sustainability, currently serving at Drax Group plc. These new appointments aim to enhance the board's industry knowledge, particularly in environmental sustainability and supply chain dynamics, as Rayonier focuses on transparent ESG disclosure.

Rayonier Inc. (NYSE:RYN) is set to announce its fourth quarter 2020 earnings following market hours on February 3, 2021. A conference call will take place on February 4 at 10:00 a.m. EST to discuss the results. Investors can access the live webcast and supplemental materials at www.rayonier.com. The Company oversees approximately 2.7 million acres of timberlands across the U.S. South, Pacific Northwest, and New Zealand, positioning itself as a leader in the timberland real estate investment sector.

Rayonier Inc. (NYSE:RYN) announced that President and CEO David Nunes will present at Nareit’s REITworld: 2020 Annual Conference on November 18 at 4:30 p.m. ET. The virtual event allows participants to listen live via the Investor Relations section of Rayonier's website. After the presentation, a replay will be available. As of September 30, 2020, Rayonier owned or managed approximately 2.7 million acres of timberland across the U.S. South, Pacific Northwest, and New Zealand, highlighting its significant presence in the timberland investment sector.

Rayonier reported a net loss of $0.8 million for Q3 2020, a decline from a loss of $0.4 million in Q3 2019, with revenues increasing to $198.9 million from $156.4 million. The results were impacted by merger costs of $0.4 million and $7.9 million in timber write-offs due to casualty events. Adjusted EBITDA rose to $67.2 million, up from $43.2 million in the previous year. Despite challenges from hurricane and wildfire events affecting timberland, the company highlighted strong operating results across segments, with improved harvest volumes and prices. Year-to-date cash provided was $138 million.

Rayonier (NYSE:RYN) has announced an $80,000 donation aimed at assisting communities affected by recent wildfires in the Pacific Northwest and hurricanes in the Gulf Coast. The funds will support seven local chapters of the American Red Cross and food banks in Oregon, Alabama, and Louisiana. Doug Long, Sr. VP of Forest Resources, emphasized the company's commitment to aid rural communities already challenged by the global pandemic. Rayonier is a leading real estate investment trust focused on timberland, managing approximately 2.7 million acres in the U.S. and New Zealand.