Rayonier - RYN STOCK NEWS

Rayonier reported second quarter net income of $24.1 million ($0.16 per share) on revenues of $246.3 million, a decline from $57.2 million ($0.41 per share) and $291.4 million in the same period last year. Adjusted EBITDA decreased 13% to $83.0 million. Southern Timber segment showed a 27% increase in Adjusted EBITDA, while New Zealand Timber experienced a 46% drop due to lower demand linked to COVID-19 disruptions. The company adjusted its full-year net income guidance to $84 to $92 million.

Rayonier Inc. (NYSE:RYN) has declared a third quarter cash dividend of $0.285 per common share, payable on September 30, 2022, to shareholders of record on September 16, 2022. Additionally, the board announced a cash distribution of $0.285 per operating partnership unit for Rayonier, L.P., also payable on September 30, 2022. Rayonier is a leading timberland REIT with approximately 2.7 million acres of timberlands across the United States and New Zealand, emphasizing its strong position in productive softwood timber regions.

Rayonier Inc. (NYSE:RYN) is set to release its second quarter 2022 earnings after the market closes on August 3, 2022. A conference call and live audio webcast will follow on August 4, 2022 at 10:00 a.m. ET to discuss the results. Investors can access the webcast via www.rayonier.com. As of March 31, 2022, Rayonier owned or leased approximately 2.7 million acres of timberlands across the U.S. South, U.S. Pacific Northwest, and New Zealand.

Rayonier Inc. (NYSE:RYN) announced that CEO David Nunes will present at Nareit’s REITweek: 2022 Investor Conference on June 8, 2022, at 11:45 a.m. ET in New York, NY. A live webcast will be available on the company’s website, with a replay following the event. Rayonier is a leading timberland REIT, owning or leasing approximately 2.7 million acres of timberlands across the U.S. Southern region (1.80 million acres), U.S. Pacific Northwest (486,000 acres), and New Zealand (419,000 acres) as of March 31, 2022.

Rayonier Inc. (NYSE:RYN) has announced a 5.6% increase in its quarterly cash dividend, raising it from $0.27 to $0.285 per share. The dividend will be paid on June 30, 2022, to shareholders of record on June 16, 2022. Concurrently, the operating partnership Rayonier, L.P. declared a cash distribution of $0.285 per unit, also reflecting a 5.6% increase. CEO David Nunes emphasized the company's commitment to a stable and growing dividend as part of their long-term capital allocation strategy.

Rayonier reported first-quarter net income of $29.3 million ($0.20 per share) on $222.0 million in revenues, a significant increase from $10.8 million ($0.08 per share) on $191.4 million last year. Operating income rose to $45.3 million and Adjusted EBITDA surged to $98.1 million, up 41% year-over-year. Cash available for distribution grew by $17.2 million to $64.5 million. Key drivers included strong performance in the Southern Timber and Real Estate segments, despite a decline in the New Zealand Timber segment due to lower harvest volumes and increased shipping costs.

Rayonier Inc. (NYSE:RYN) will release its first quarter 2022 earnings on May 4, 2022, after market close. A conference call is scheduled for May 5, 2022, at 10:00 a.m. ET to discuss the results. Interested parties can access the live audio webcast on the company's website. A replay will be available shortly after the call. Rayonier is a leading timberland real estate investment trust with approximately 2.7 million acres of timberlands in the U.S. and New Zealand, focusing on some of the most productive softwood timber regions.

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.