Articles from Rayonier Inc.

Rayonier Inc. (the “Company” or “Rayonier”) (NYSERYN) announced today the tax treatment of the Company’s 2024 dividend distributions on its Common Stock CUSIP 754907103.

Rayonier Inc. (the “Company” or “Rayonier”) (NYSERYN) announced today the results of shareholder elections relating to the special dividend declared by its Board of Directors on December 2, 2024. The dividend of $1.80 per common share will be paid on January 30, 2025, to shareholders of record on December 12, 2024.

Rayonier Inc. (NYSERYN) plans to release its fourth quarter 2024 earnings after the market closes on Wednesday, February 5, 2025.

Rayonier Inc. (NYSERYN) today announced that it has entered into an underground pore space easement agreement with an affiliate of Reliant Carbon Capture & Storage covering approximately 104,000 acres in Alabama. Reliant specializes in capturing CO2 emissions from power plants and industrial facilities and safely sequestering this CO2 in subsurface geologic formations. Along with this significant pore space agreement, Reliant is currently completing a front-end engineering design report for a power generating station in the area.

Rayonier Inc. (the “Company” or “Rayonier”) (NYSERYN) today announced that the Company’s board of directors has approved a new $300 million share repurchase authorization. The new authorization replaces and supersedes the Company’s existing $100 million share repurchase authorization. Repurchases may be made at management’s discretion from time to time on the open market or through privately negotiated transactions. The new repurchase program has no time limit and may be suspended for periods or discontinued at any time.

Rayonier Inc. (the “Company” or “Rayonier”) (NYSERYN) announced today that the Company’s board of directors has declared a one-time, special dividend of $1.80 per common share, consisting of a combination of cash and the Company's common shares. The dividend is payable on January 30, 2025 to shareholders of record on December 12, 2024.

Rayonier Inc. (NYSERYN) today reported third quarter net income attributable to Rayonier of $28.8 million, or $0.19 per share, on revenues of $195.0 million. This compares to net income attributable to Rayonier of $19.2 million, or $0.13 per share, on revenues of $201.6 million in the prior year quarter.

Rayonier Inc. (NYSERYN) today announced completed and pending timberland dispositions totaling ~200,000 acres for an aggregate purchase price of $495 million (~$2,475/acre) as part of its previously announced asset disposition and capital structure realignment plan. The dispositions consist of approximately 91,000 acres in Southeast Oklahoma and 109,000 acres on the Olympic Peninsula in Northwest Washington. The properties were sold through four separate transactions to high-caliber institutional investors. Three of these transactions (comprising ~75% of total proceeds) have already closed during the fourth quarter, and the remaining transaction is expected to close before the end of the year.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $0.285 per common share. The dividend is payable on December 31, 2024, to shareholders of record on December 17, 2024.

Rayonier Inc. (NYSERYN) plans to release its third quarter 2024 earnings after the market closes on Wednesday, November 6, 2024.

Rayonier Inc. (NYSERYN) today released its 2023 Sustainability Report, which highlights the actions the company is taking to enhance the long-term sustainability of its land resources as well as the long-term well-being of its investors, employees, communities, and other stakeholders. This report illustrates Rayonier’s ongoing commitment to transparency around Environmental, Social, and Governance (ESG) factors and how they are incorporated into its strategic and operational decision-making.

Rayonier Inc. (NYSERYN) today reported second quarter net income attributable to Rayonier of $1.9 million, or $0.01 per share, on revenues of $173.6 million. This compares to net income attributable to Rayonier of $19.0 million, or $0.13 per share, on revenues of $208.9 million in the prior year quarter.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a third quarter cash dividend of $0.285 per common share. The dividend is payable on September 30, 2024, to shareholders of record on September 16, 2024.

Rayonier Inc. (NYSERYN) plans to release its second quarter 2024 earnings after the market closes on Wednesday, August 7, 2024.

Rayonier Inc. (NYSERYN) announced today that Mark McHugh, President and CEO, will present at Nareit’s REITweek: 2024 Investor Conference on Tuesday, June 4 at 11:45 a.m. Eastern Time in New York, NY.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a second quarter cash dividend of $0.285 per common share. The dividend is payable on June 28, 2024, to shareholders of record on June 14, 2024.

Rayonier Inc. (NYSERYN) today reported first quarter net income attributable to Rayonier of $1.4 million, or $0.01 per share, on revenues of $168.1 million. This compares to net income attributable to Rayonier of $8.3 million, or $0.06 per share, on revenues of $179.1 million in the prior year quarter.

Rayonier Inc. (NYSERYN) plans to release its first quarter 2024 earnings after the market closes on Wednesday, May 1, 2024.

Rayonier Inc. (NYSERYN), a leading timberland REIT, will host an Investor Day in New York City today starting at 9:00 AM ET as previously announced. Presentations will cover several key topics, including the Company’s upcoming leadership transition, its plan to execute on emerging opportunities for land-based solutions, the value creation potential of its real estate development platform, an overview of its high-quality timberland portfolio, and an update on its initiatives to enhance shareholder value announced on November 1, 2023. A live webcast of the presentation, along with the presentation materials, will be available at https://ir.rayonier.com at the start of the event. For those who are unable to watch the live webcast, an archived copy of the webcast will be available following the conclusion of the event.

Rayonier (NYSERYN) today announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States. These leases increase Rayonier’s total acres under pore space lease agreements with ExxonMobil to approximately 59,000 acres. ExxonMobil owns and operates the largest carbon dioxide (CO2) pipeline network in the United States, enabling a cost-efficient transportation system that accelerates carbon capture and storage (CCS) deployment for both ExxonMobil and third-party customers.

Rayonier (NYSERYN) announced today that Mark McHugh, President and Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024 at 3:25 p.m. ET, and at the Citi 2024 Global Property CEO Conference on Tuesday, March 5, 2024 at 2:10 p.m. ET.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.285 per common share. The dividend is payable on March 28, 2024, to shareholders of record on March 14, 2024.

Rayonier Inc. (NYSERYN) today reported fourth quarter net income attributable to Rayonier of $126.9 million, or $0.85 per share, on revenues of $467.4 million. This compares to net income attributable to Rayonier of $33.1 million, or $0.22 per share, on revenues of $245.4 million in the prior year quarter.

Rayonier Inc. (NYSERYN) announced today the tax treatment of the Company’s 2023 dividend distributions on its Common Stock CUSIP 754907103.

Rayonier Inc. (NYSERYN) announced today its commitment to The Climate Pledge, reinforcing our dedication to a sustainable and environmentally responsible future.

Rayonier Inc. (NYSERYN) plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, January 31, 2024.

Rayonier Inc. (NYSERYN), a leading timberland REIT, today announced that it will host an Investor Day in New York City on Wednesday, February 28 at 9:00 AM ET.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a one-time, special cash dividend of $0.20 per common share. The dividend is payable on January 12, 2024, to shareholders of record on December 29, 2023.

Rayonier Inc. (NYSERYN) today announced the completion of its previously announced disposition of 55,000 acres of timberland in Oregon to Manulife Investment Management on behalf of clients for $242 million (~$4,400 per acre), subject to customary prorations and closing costs. The Company has used $150 million of the proceeds to pay down its only floating rate debt and plans to use approximately $30 million for a special dividend to be paid in January 2024 (as announced in a separate press release today). The remaining proceeds are being retained for further debt reduction and/or other capital allocation purposes.

Rayonier Inc. (NYSERYN) today announced that David Nunes will be retiring as Chief Executive Officer and a member of the Board, effective March 31, 2024. Pursuant to a multi-year succession planning process led by the Board of Directors, Mark McHugh, currently President and Chief Financial Officer, will become CEO and join the company’s Board at that time.

Rayonier Inc. (NYSERYN) today reported third quarter net income attributable to Rayonier of $19.2 million, or $0.13 per share, on revenues of $201.6 million. This compares to net income attributable to Rayonier of $20.6 million, or $0.14 per share, on revenues of $195.3 million in the prior year quarter. The prior year quarter included a $1.1 million timber write-off resulting from a fire casualty event in Washington.1 Excluding this item, pro forma net income2 was $21.6 million, or $0.15 per share, in the prior year period.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $0.285 per common share. The dividend is payable on December 29, 2023, to shareholders of record on December 15, 2023.

Rayonier Inc. (NYSERYN) plans to release its third quarter 2023 earnings after the market closes on Wednesday, November 1, 2023.

Rayonier Inc. (NYSERYN) today released its 2022 Sustainability Report, which highlights the actions the Company is taking to ensure the long-term sustainability of its land resources as well as the long-term well-being of its investors, employees, communities, and other stakeholders. This report illustrates Rayonier’s ongoing commitment to transparency around Environmental, Social, and Governance (ESG) factors and how they are incorporated into its strategic and operational decision-making.

Rayonier Inc. (NYSERYN) today reported second quarter net income attributable to Rayonier of $19.0 million, or $0.13 per share, on revenues of $208.9 million. This compares to net income attributable to Rayonier of $24.1 million, or $0.16 per share, on revenues of $246.3 million in the prior year quarter.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a third quarter cash dividend of $0.285 per common share. The dividend is payable on September 29, 2023, to shareholders of record on September 15, 2023.

Rayonier Inc. (NYSERYN) plans to release its second quarter 2023 earnings after the market closes on Wednesday, August 2, 2023.

Rayonier Inc. (NYSERYN) announced today that Mark McHugh, President and CFO, will present at Nareit’s REITweek: 2023 Investor Conference on Tuesday, June 6 at 11:45 a.m. Eastern Time in New York, NY.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a second quarter cash dividend of $0.285 per common share. The dividend is payable on June 30, 2023, to shareholders of record on June 16, 2023.

Rayonier Inc. (NYSERYN) today reported first quarter net income attributable to Rayonier of $8.3 million, or $0.06 per share, on revenues of $179.1 million. This compares to net income attributable to Rayonier of $29.3 million, or $0.20 per share, on revenues of $222.0 million in the prior year quarter.

Rayonier Inc. (NYSERYN) plans to release its first quarter 2023 earnings after the market closes on Wednesday, May 3, 2023.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.285 per common share. The dividend is payable on March 31, 2023, to shareholders of record on March 17, 2023.

Rayonier Inc. (NYSERYN) today reported fourth quarter net income attributable to Rayonier of $33.1 million, or $0.22 per share, on revenues of $245.4 million. This compares to net income attributable to Rayonier of $8.7 million, or $0.06 per share, on revenues of $262.0 million in the prior year quarter.

Rayonier (NYSERYN) today announced that Mark McHugh has been appointed to the position of President and Chief Financial Officer, effective January 20, 2023. In addition to his current duties as CFO, Mr. McHugh will take on a greater role in leading our strategic planning efforts as well as participating in broader operational and personnel decision-making. He will continue to report to David Nunes, Chief Executive Officer.

Rayonier Inc. (NYSERYN) announced today the tax treatment of the Company’s 2022 dividend distributions on its Common Stock CUSIP 754907103.

Rayonier Inc. (NYSERYN) plans to release its fourth quarter 2022 earnings after the market closes on Wednesday, February 1, 2023.

Rayonier Inc. (NYSERYN) completed its previously announced acquisitions of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana (the “Acquisitions”) from Manulife Investment Management on December 15, 2022 for an aggregate purchase price of approximately $454 million, after customary purchase price adjustments at closing. The Acquisitions comprise approximately 137,800 acres of well-stocked and highly productive timberlands located in some of the strongest timber markets in the U.S. South.

Rayonier Inc. (NYSERYN) has been recognized for accelerating the advancement of gender diversity in the boardroom by Women Executive Leadership (WEL), a nonprofit organization that advocates, educates and connects accomplished executive women. The Elevate Award salutes public companies that have added female board members since WEL’s 2017 Census. Rayonier added its first female director to its board in 1994. Currently three female directors serve on its 10-member board, two of whom have joined since 2020.

Rayonier Inc. (NYSERYN) announced today that Gregg A. Gonsalves has been elected to its Board of Directors.

Rayonier Inc. (NYSERYN) announced today that the company has entered into two separate agreements to acquire approximately 172,400 acres of high-quality commercial timberlands located in Texas, Georgia, Alabama, and Louisiana (the “Acquisitions”) for an aggregate purchase price of approximately $474 million from Manulife Investment Management, a leading timberland investment manager. The Acquisitions comprise well-stocked and highly productive timberlands located in some of the strongest timber markets in the U.S. South. Approximately 80% of the Acquisitions consist of fee ownership, and the remaining 20% consist of a long-term lease.

Rayonier Inc. (NYSERYN) today reported third quarter net income attributable to Rayonier of $20.6 million, or $0.14 per share, on revenues of $195.3 million. This compares to net income attributable to Rayonier of $75.8 million, or $0.53 per share, on revenues of $364.7 million in the prior year quarter.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $0.285 per common share. The dividend is payable on December 30, 2022, to shareholders of record on December 16, 2022.

Rayonier Inc. (NYSERYN) plans to release its third quarter 2022 earnings after the market closes on Wednesday, November 2, 2022.

Rayonier Inc. (NYSERYN) today released its 2021 Sustainability Report, which highlights actions the Company is taking to enhance the long-term well-being of its investors, employees, communities, and other stakeholders. This report illustrates Rayonier’s commitment to transparency around Environmental, Social, and Governance (ESG) factors and how they are incorporated into its strategic and operational decision-making.

Rayonier Inc. (NYSERYN) today reported second quarter net income attributable to Rayonier of $24.1 million, or $0.16 per share, on revenues of $246.3 million. This compares to net income attributable to Rayonier of $57.2 million, or $0.41 per share, on revenues of $291.4 million in the prior year quarter. The prior year second quarter results included $30.3 million of income from a Large Disposition,1 partially offset by a $2.2 million loss from the termination of a cash flow hedge2 and a $1.1 million loss related to debt extinguishments and modifications.3 Excluding these items and adjusting for pro forma net income adjustments attributable to noncontrolling interests in the operating partnership,4 pro forma net income5 was $31.0 million, or $0.22 per share, on pro forma revenues5 of $240.7 million in the prior year period.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a third quarter cash dividend of $0.285 per common share. The dividend is payable on September 30, 2022, to shareholders of record on September 16, 2022.

Rayonier Inc. (NYSERYN) plans to release its second quarter 2022 earnings after the market closes on Wednesday, August 3, 2022.

Rayonier Inc. (NYSERYN) announced today that David Nunes, President and CEO, will present at Nareit’s REITweek: 2022 Investor Conference on Wednesday, June 8 at 11:45 a.m. Eastern Time in New York, NY.

Rayonier Inc. (NYSERYN) announced today that its board of directors has approved a 5.6% increase in its quarterly cash dividend to $0.285 per common share from $0.27 per common share. The dividend is payable on June 30, 2022, to shareholders of record on June 16, 2022.

Rayonier Inc. (NYSERYN) today reported first quarter net income attributable to Rayonier of $29.3 million, or $0.20 per share, on revenues of $222.0 million. This compares to net income attributable to Rayonier of $10.8 million, or $0.08 per share, on revenues of $191.4 million in the prior year quarter.

Rayonier Inc. (NYSERYN) plans to release its first quarter 2022 earnings after the market closes on Wednesday, May 4, 2022.

Rayonier Inc. (NYSERYN) announced today that executives from the company will present at two upcoming investor conferences. Mark D. McHugh, Senior Vice President and Chief Financial Officer, will present at the Raymond James 43rd Annual Institutional Investors Conference on Monday, 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 Tuesday, March 8, 2022 at 3:30 p.m. ET.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.27 per common share. The dividend is payable on March 31, 2022, to shareholders of record on March 17, 2022.

Rayonier Inc. (NYSERYN) today reported fourth quarter net income attributable to Rayonier of $8.7 million, or $0.06 per share, on revenues of $262.0 million. This compares to net income attributable to Rayonier of $10.3 million, or $0.07 per share, on revenues of $205.5 million in the prior year quarter. The fourth quarter results included a $3.1 million gain on Fund II Timberland Dispositions attributable to Rayonier1 and a $3.8 million gain on investment in Timber Funds,2 which reflects the gain recognized on Fund II carried interest incentive fees. The prior year fourth quarter results included $0.7 million of costs related to the merger with Pope Resources.3 Excluding these items and adjusting for pro forma net income adjustments attributable to noncontrolling interests in the operating partnership,4 pro forma net income5 was $2.0 million, or $0.01 per share, on pro forma revenues5 of $191.0 million versus pro forma net income5 of $11.0 million, or $0.08 per share, on pro forma revenues5 of $196.3 million in the prior year period.

Rayonier Inc. (NYSERYN) announced today the tax treatment of the Company’s 2021 dividend distribution on its Common Stock CUSIP 754907103.

Rayonier Inc. (NYSERYN) plans to release its fourth quarter 2021 earnings after the market closes on Wednesday, February 2, 2022.

Rayonier Inc. (NYSERYN) today reported third quarter net income attributable to Rayonier of $75.8 million, or $0.53 per share, on revenues of $364.7 million. This compares to net loss attributable to Rayonier of $0.8 million, or ($0.01) per share, on revenues of $198.9 million in the prior year quarter.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a fourth quarter cash dividend of $0.27 per common share. The dividend is payable on December 31, 2021, to shareholders of record on December 17, 2021.

Rayonier Inc. (NYSERYN) plans to release its third quarter 2021 earnings after the market closes on Wednesday, November 3, 2021.

Rayonier Inc. (NYSERYN) today released its 2020 Sustainability Report, which highlights actions the Company is taking to enhance the long-term well-being of its investors, employees, communities, and other stakeholders. This report illustrates Rayonier’s commitment to transparency around Environmental, Social, and Governance (ESG) factors and how they are incorporated into its strategic and operational decision-making.

Rayonier Inc. (NYSERYN) today reported second quarter net income attributable to Rayonier of $57.2 million, or $0.41 per share, on revenues of $291.4 million. This compares to net income attributable to Rayonier of $1.7 million, or $0.01 per share, on revenues of $195.6 million in the prior year quarter.

Rayonier Inc. (NYSERYN) announced today that the Company’s board of directors has declared a third quarter cash dividend of $0.27 per common share. The dividend is payable on September 30, 2021, to shareholders of record on September 16, 2021.

Rayonier Inc. (NYSERYN) has sold the rights to manage two timber funds (Fund III and Fund IV) that were previously managed by its Olympic Resource Management (ORM) subsidiary, as well as its co-investment stake in both funds, to BTG Pactual’s Timberland Investment Group (TIG) for an aggregate purchase price prior to closing costs of $35.9 million. The transaction will be reflected in third quarter financial results.

Rayonier Inc. (NYSERYN) plans to release its second quarter 2021 earnings after the market closes on Wednesday, August 4, 2021.

Rayonier Inc. (NYSERYN) announced today that David Nunes, President and CEO, will present at Nareit’s REITweek: 2021 Investor Conference on Tuesday, June 8 at 10:15 a.m. Eastern Time. The conference will take place virtually.