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Rayonier Inc. - RYN STOCK NEWS

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.

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Rayonier (RYN) Hosts Florida Forestry Teachers' Tour for Educators, Offering Immersive Industry Experience
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Rayonier (RYN) summer college interns share their experiences in forestry and non-forestry roles
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Rayonier (RYN) Donates $178,700 to 53 Nassau County Organizations for Community Development
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Rayonier (RYN) SVP Doug Long Named Vice-Chair of International Sustainable Forestry Coalition (ISFC) - Press Release Summary
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Rayonier Inc. (NYSE:RYN) declared a one-time, special cash dividend of $0.20 per common share and a special cash distribution of $0.20 per operating partnership unit. The dividend and distribution are payable on January 12, 2024, to shareholders and holders of record on December 29, 2023, respectively. This decision addresses increased REIT taxable income resulting from the disposition of 55,000 acres of timberland in Oregon and demonstrates the company's commitment to returning capital to shareholders as part of the asset disposition and capital structure realignment plan.
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Rayonier Inc. (NYSE:RYN) completes the sale of 55,000 acres of timberland in Oregon to Manulife Investment Management for $242 million, using proceeds to pay down debt and plan a special dividend. CEO David Nunes announces plans to capture the disparity between public and private timberland values, position the balance sheet for a higher interest rate environment, and return capital to shareholders.
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Rayonier (RYN) Emphasizes Community Affairs and Philanthropy Efforts
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Florida Council of 100: Chris Corr Receives 2023 Governor's Business Leader Award. Veteran real estate executive Chris Corr is honored with the 2023 Governor's Business Leader Award from the Florida Council of 100. The award recognizes his long-term excellence in business, civic service, and philanthropy. Chris has over 30 years' experience in real estate development, holding senior leadership roles in four public companies and leading more than 50 master planned projects. He is presently Senior Vice President of Real Estate Development at Rayonier and President of Raydient, Inc., a subsidiary company focused on real estate development primarily in Florida, Georgia, and Washington. Chris Corr is also involved in various civic and philanthropic organizations, including serving on the University of Florida Board of Trustees and as President of the board of the University of Florida Athletic Association, Inc. He is also co-founder and director of the Will King Foundation Inc., a not-for-profit organization named in honor of his grandson and dedicated to providing life-saving healthcare to children in need.
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Rayonier (NYSE: RYN) awards $74,380 to 35 local nonprofit organizations in Washington. The company's Community Fund supports civic, cultural, educational, environmental, natural resources, and health and human services programs. Rayonier's director of operations emphasized the vital role of these organizations in community well-being. Local government officials and representatives also expressed their appreciation for Rayonier's contributions.
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Rayonier Inc. announced that David Nunes will be retiring as CEO and a member of the Board on March 31, 2024. Mark McHugh, currently President and CFO, will become the new CEO and join the Board on April 1, 2024. April Tice will be promoted to Senior VP and CFO.
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FAQ

What is the current stock price of Rayonier (RYN)?

The current stock price of Rayonier (RYN) is $26.42 as of December 20, 2024.

What is the market cap of Rayonier (RYN)?

The market cap of Rayonier (RYN) is approximately 4.0B.

What is Rayonier Inc.?

Rayonier Inc. is an international real estate investment trust (REIT) focused on forest resources and real estate, managing over 2.7 million acres of timberland in the US and New Zealand.

Where is Rayonier headquartered?

Rayonier is headquartered in Jacksonville, Florida.

What are Rayonier's core businesses?

Rayonier's core businesses include the growth, harvest, and sale of timber, and land management and real estate development.

How does Rayonier ensure sustainable practices?

Rayonier adheres to certification standards like the Sustainable Forestry Initiative® and employs responsible resource management to ensure sustainability.

What recent achievement is Rayonier known for?

Rayonier is known for its exceptional wildfire management efforts, particularly during the historic wildfire season in 2023.

How does Rayonier's REIT structure benefit the company financially?

As a REIT, Rayonier is exempt from federal income taxes on earnings from timber harvest activities, allowing for effective reinvestment in operations and growth.

What regions does Rayonier's portfolio cover?

Rayonier's portfolio covers significant geographic regions including the US South, Gulf States, Pacific Northwest, and New Zealand.

What role do Timber Marketing Managers play at Rayonier?

Timber Marketing Managers negotiate timber sales, build long-term buyer relationships, and ensure market stability.

How did Rayonier's fire crews contribute during the 2023 wildfire season?

Rayonier's fire crews demonstrated leadership and cooperation across state lines, protecting vast areas of forestland and local communities.

What is Rayonier's vision for the future?

Rayonier aims to be recognized as a best-in-class international land resources company through sustainability, innovative resource management, and operational excellence.

Rayonier Inc.

NYSE:RYN

RYN Rankings

RYN Stock Data

3.96B
147.64M
0.81%
95.08%
2.63%
REIT - Specialty
Real Estate Investment Trusts
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United States of America
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