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. (symbol: RYN) is a leading international real estate investment trust (REIT) specializing in forest resources and real estate. Founded in 1926 in the Pacific Northwest and now headquartered in Jacksonville, Florida, Rayonier has evolved to become the third-largest timber REIT in the world, owning and managing over 2.7 million acres of timberland across the United States and New Zealand.
The company's core business lies in the stewardship of land, focusing on its highest and best use to maximize value. Rayonier's expansive portfolio is strategically diverse, encompassing crucial geographic regions such as the US South, Gulf States, Pacific Northwest, and New Zealand. This diversity bolsters the company's resilience and market reach.
Rayonier's operations are multifaceted, involving the growth, harvest, and sale of timber, alongside land management and real estate development. The firm’s commitment to sustainability and responsible resource management is evident in their practices and adherence to certification standards like the Sustainable Forestry Initiative®.
In recent achievements, Rayonier has shown remarkable adaptability and leadership in wildfire management. As detailed in recent releases, Rayonier's fire crews have demonstrated exceptional preparedness and cooperation across state lines, particularly during the historic wildfire season in 2023, safeguarding vast areas of forestland and neighboring communities.
Financially, Rayonier benefits from its REIT structure, which exempts it from federal income taxes on earnings generated from timber harvest activities. This structure allows the company to reinvest in its operations and growth initiatives effectively.
Rayonier's vision is to be recognized as a best-in-class international land resources company. This is pursued through its rigorous focus on sustainability, innovative resource management, and a commitment to excellence in all operations. The company's timber marketing managers play a crucial role in maintaining market stability by negotiating sales and nurturing long-term relationships with buyers and contractors.
For those interested in the latest updates on Rayonier's performance and developments, the company's recent activities and strategic initiatives provide ongoing insights into its operational and financial health.
Rayonier Inc. (NYSE:RYN) has declared a first quarter cash dividend of
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
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
Rayonier reported Q2 net income of $57.2 million ($0.41 per share) on revenues of $291.4 million, a significant rise from $1.7 million ($0.01 per share) in Q2 2020. The results included $30.3 million from a Large Disposition but were offset by losses from a cash flow hedge and debt modifications. Pro forma net income was $31.0 million ($0.22 per share), up from $15.2 million ($0.11 per share) a year earlier. Adjusted EBITDA surged to $95.3 million, reflecting improved performance across timber segments. Year-to-date operating cash flow rose to $164.6 million.
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