Welcome to our dedicated page for Rayonier news (Ticker: RYN), a resource for investors and traders seeking the latest updates and insights on Rayonier stock.
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 Inc. (NYSE:RYN) announced a public offering of $450 million senior notes due 2031, bearing an interest rate of 2.750%. The notes will be priced at 99.195% of their face value, maturing on May 17, 2031. Proceeds from the offering will primarily be used to repay $250 million of a term loan and potentially refinance existing senior notes due 2022. The offering, expected to close on May 17, 2021, is managed by J.P. Morgan and Credit Suisse among others. Rayonier operates significant timberland assets across the U.S. and New Zealand.
Rayonier reported Q1 net income of $10.8 million ($0.08 per share) on revenues of $191.4 million, down from $25.9 million ($0.20 per share) on $259.1 million in Q1 2020. Pro forma EBITDA rose 47% to $69.5 million, driven by gains in New Zealand and Pacific Northwest Timber segments. Southern Timber saw a 5% EBITDA decline, impacting overall revenues with harvest volumes down 18%. Operating cash flow improved to $53.9 million. The FY outlook remains optimistic due to anticipated increases in real estate activity and robust timber demand.
Rayonier Inc. (NYSE:RYN) is set to report its Q1 2021 earnings after market close on May 5, 2021. A conference call and audio webcast will follow on May 6 at 10:00 a.m. EDT to discuss the financial results. Investors can access the call by dialing provided numbers or via the company website, where a replay will be available afterward. Rayonier operates as a timberland real estate investment trust, managing approximately 2.7 million acres of timberlands across the U.S. and New Zealand, enhancing its business footprint in key timber-growing regions.
Rayonier (NYSE:RYN) has published its inaugural Carbon Report, highlighting its forestry operations' positive net carbon impact. In 2019, these operations sequestered approximately 5.7 million metric tons of CO2 equivalents, with a total storage of 732 million metric tons in timberlands. The report details carbon storage, annual sequestration, and emissions associated with forestry operations. CEO David Nunes emphasized the company's commitment to sustainability and transparency, promoting its role in combating climate change. The report can be accessed on Rayonier's responsible stewardship webpage.
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.