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RYN · Rayonier Inc

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$21.50 +0.19 (+0.89%) At close · Nov 13
Market Cap
$6.47B
Shares
300.75M
Volume · Nov 13 1.98M Avg daily vol (3M) 3.61M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$21.50 Open$21.48 Day$21.09–21.51 52W close$17.99–24.65 Avg vol 30d3.6M Short int14.5M · 4.8% of shares · 4.1d Short vol62% Last earningsNov 5, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 6

Up next

Feb 11, 2027 Est · unconfirmed · in 13 wks

Latest documents

2026
Nov 6
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Nine-month sales reach $1,238.8 million after merger

Rayonier Inc. completed its PotlatchDeltic merger on January 30, 2026, adding Wood Products and expanding timberlands to 4,098 thousand acres. Nine-month sales reached $1,238.8 million and net income attributable to Rayonier Inc. was $130.0 million.

Revenue $565.57M ▲ 218.6% Net income $123.27M ▲ 185.4% Diluted EPS $0.41 ▲ 46.4%
Read from the MD&A section
5 source passages
On January 30, 2026, Rayonier completed its merger with PotlatchDeltic Corporation (“PCH” or “PotlatchDeltic”) in a merger-of-equals transaction. As a result of the merger, we added a Wood Products segment and renamed our Pacific Northwest Timber segment to Northwest Timber. | Total | 4,021 | 77 | 4,098 | 1,934 | 63 | 1,997 | | Total Sales | $565.6 | $177.5 | $1,238.8 | $367.0 | | Net Income Attributable to Rayonier Inc. | $123.3 | $43.2 | $130.0 | $448.5 | Open the document at this passage
Nov 5
Earnings call
Q3 earnings reached $123 million; buyback authorization increased $300 million

Rayonier Inc reported Q3 earnings of $123 million, or 41 cents per share, and more than $20 million of run-rate merger synergies, while its board approved a $300 million increase to the share-repurchase authorization.

3 source passages
For the third quarter, Rainier reported gap earnings of $123 million for 41 cents per share. We have now achieved more than $20 million of run rate synergies, and we remain on track to achieve our $40 million synergy target by the second anniversary of the merger closing. Accordingly, our board approved a $300 million increase to our share repurchase authorization this week. Open the document at this passage
Aug 7
Quarterly report 10-Q FY2026 Q2, ended Jun 30
Quarterly report for FY2026 Q2 AI summary on its way
Revenue $396.48M ▲ 272.1% Net income $19.14M ▼ 95.3% Diluted EPS $0.06 ▼ 97.7%
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$1.36B
Trailing 12 months
Net income (TTM)
$155.88M
Trailing 12 months
Revenue growth YoY
+218.6%
Year over year
Operating margin
12.0%
Trailing 12 months
P / E (TTM)
38.4
Trailing earnings · reciprocal yield 2.6%
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$1.49B
Latest balance sheet
Dividend yield
4.9%
Trailing 12 months
Shares change YoY
+91.8%
Year over year · more shares
Price change (1Y)
-2.8%
Trailing year
Short interest
4.8%
Latest settlement · 4.1 days to cover
View all 129 metrics

AI Brief

Q3 FY26 earnings call · Nov 5, 2026
Q3 FY26

TL;DR. Adjusted EBITDA was $144.6 million, cash available for distribution increased, Northwest Timber and Wood Products delivered stronger results, merger synergies exceeded $20 million, and the board authorized another $300 million of buybacks. Pro forma net income declined; fourth-quarter lumber and Northwest Timber sawtimber prices are expected to soften; and Southern Timber pricing, Real Estate sales and corporate expenses were negative factors in the third quarter.

Bullish
  • + Third-quarter Adjusted EBITDA was $144.6 million, reflecting solid performance across the business.
  • + Northwest Timber Adjusted EBITDA was roughly five times higher year over year.
  • + Wood Products generated $27.0 million of Adjusted EBITDA on strong lumber realizations and shipment volumes.
  • + Year-to-date cash available for distribution increased $133.9 million to $287.4 million.
  • + The board approved a new incremental $300 million share-repurchase program.
  • + Merger synergies exceeded $20 million of run-rate savings, with the company on track for its $40 million target.
Bearish
  • − Pro forma net income declined to $40.0 million, or $0.13 per diluted share, from $50.2 million, or $0.32 per diluted share.
  • − Fourth-quarter lumber realizations are expected to be below third-quarter levels because of softer market conditions and seasonal demand.
  • − Northwest Timber sawtimber prices are expected to decline in the fourth quarter because of lower Idaho sawlog prices.
  • − Southern Timber faced lower prices, higher costs and higher depletion expense, partially offset by higher non-timber income and volumes.
  • − Pro forma Real Estate sales decreased $27.8 million because fewer acres were sold, despite higher average prices.
  • − Third-quarter corporate and other operating expenses increased $12.9 million year over year.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Buy
SellHoldBuy
Technical Buy Momentum Very Strong Sentiment Bullish Fundamentals Strong Quant / Vol Moderate
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Buy
50 / 200-day cross No cross
Price vs 200-day avg +3%
above
Price vs 50-day avg +10%
above
RSI (14) 64
neutral
MACD trend Positive
52-week position 53%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Strong
1-month return +13%
trailing
6-month return +5%
trailing
YTD return −1%
this year
Relative strength +4%
vs S&P · 6-mo
Sentiment
smart money
Bullish
Trend (MA cross) No cross
50d $20 › 200d $21 — 200d above 50d
Institutional flow Accumulating
437 of 464 funds reported for Sep 30 · net +14.9M sh shares · +68 new
Insider flow Distributing
Net -$107.6K over 90 days · 100% sells
Short interest Falling
4.82% of shares out · ▼ -2.0% MoM · 4.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
464 holders — near 3-yr high, broad support
Squeeze score 54
elevated · 0–100
Fundamentals
Strong
Revenue growth −51%
Y/Y
EPS growth +27%
Y/Y
Free cash flow $181.9M
Buyback $51.2M
remaining
Balance sheet $202.4M
net debt
Quant / Vol
risk profile
Moderate
Volatility 27%
annualized · 1-yr
Max drawdown −27%
past year
ATR 2.6%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Nov 5, 2026
by the second anniversary of the merger closing
Run rate synergies $40M
fourth quarter
Adjusted EBITDA contribution Non-GAAP Maintained $60M – $70M
Nov 4, 2026 $60M – $70M changed to Nov 5, 2026 $60M – $70M
Previous outlook earlier release · from the Earnings Call filed Aug 6, 2026

Still-open targets the latest release did not restate under the same label.

Real estate segment adjusted EBITDA · full year 2026 $180M – $200M
Adjusted EBITDA contribution · real estate segment third quarter $25M – $35M
Adjusted EBITDA contribution · real estate segment full year $180M – $200M
Prior guidance period ended · from the Earnings Call filed Aug 6, 2026
Real estate segment adjusted EBITDA · third quarter 2026 $25M – $35M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy
0 · 4 · 3
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+3% Bullish
Price vs 50-day avg
+10% Bullish
RSI (14)
64 Neutral
MACD trend
Positive Bullish
52-week position
53% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross) No cross
50d $20 › 200d $21 — 200d above 50d
Institutional flow Accumulating
437 of 464 funds reported for Sep 30 · net +14.9M sh shares · +68 new
Insider flow Distributing
Net -$107.6K over 90 days · 100% sells
Short interest Falling
4.82% of shares out · ▼ -2.0% MoM · 4.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
464 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $18 Now $22 · 53% Range high $25
vs 200-day avg +3% vs 50-day avg +10%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Adjusted EBITDA (Corporate and Other) non-GAAP -$17.7M Three Months Ended June 30, 2026 filing —
Lumber Price Realization $505 Three Months Ended June 30, 2026 filing —
Northwest Timber Period-End Acres 930K Three Months Ended June 30, 2026 filing —
Northwest Timber reportable segment adjusted EBITDA non-GAAP $6.85M Three Months Ended June 30, 2025 filing —
Northwest Timber Total Volume 578K Three Months Ended June 30, 2026 filing —
Real Estate Improved Development Acres Sold 10.6 Three Months Ended June 30, 2026 filing —
Real Estate reportable segment adjusted EBITDA non-GAAP $18.56M Three Months Ended June 30, 2025 filing —
Real Estate Total Acres Sold 7,500 Three Months Ended June 30, 2026 filing —
Reportable segment adjusted EBITDA non-GAAP $142.21M Three Months Ended June 30, 2026 filing —
GAAP → non-GAAP reconciliation
GAAP Reportable segment operating income $64.11M
+$69.77M Depreciation, depletion and amortization
+$6.05M Non-cash cost of land and improved development
+$2.28M Timber write-offs resulting from casualty events
= Reportable segment adjusted EBITDA $142.21M
Southern Timber Delivered Pine Pulpwood Volume 762K Three Months Ended June 30, 2026 filing —
Southern Timber Delivered Pine Sawtimber Volume 945K Three Months Ended June 30, 2026 filing —
Southern Timber Period-End Acres 3.15M Three Months Ended June 30, 2026 filing —
Southern Timber reportable segment adjusted EBITDA non-GAAP $28.38M Three Months Ended June 30, 2025 filing —
Southern Timber Stumpage Pine Volume 1.53M Three Months Ended June 30, 2026 filing —
Southern Timber Total Volume 3.35M Three Months Ended June 30, 2026 filing —
Total reportable segment adjusted EBITDA non-GAAP $53.79M Three Months Ended June 30, 2025 filing —
Adjusted EBITDA non-GAAP $123.7M Second quarter 2026 —
GAAP → non-GAAP reconciliation
GAAP Pro forma operating income 47.2M
+70.4M Depreciation, depletion and amortization
+6M Non-cash cost of land and improved development
= Adjusted EBITDA 123.7M
Average delivered pine pulpwood price - Southern Timber $30.2 Second quarter 2026 —
Average delivered pine sawtimber price - Southern Timber $44.46 Second quarter 2026 —
Average delivered pulpwood price - Northwest Timber $38.78 Second quarter 2026 —
Average delivered sawtimber price - Northwest Timber $119.66 Second quarter 2026 —
Cash available for distribution (CAD) non-GAAP $177.1M Year-to-date 2026 —
Lumber shipments - Wood Products 314M Second quarter 2026 —
Northwest Timber Adjusted EBITDA non-GAAP $26.3M Second quarter 2026 —
Northwest Timber harvest volumes 578,000 Second quarter 2026 —
Pro forma net income non-GAAP $31.5M Second quarter 2026 —
Pro forma operating income non-GAAP $47.2M Second quarter 2026 —
GAAP → non-GAAP reconciliation
GAAP Operating income 34.6M
+10.4M Costs related to the merger with PotlatchDeltic
+2.3M Timber write-offs resulting from casualty events
= Pro forma operating income 47.2M
Real Estate Adjusted EBITDA non-GAAP $38.3M Second quarter 2026 —
Real Estate Rural Acres Sold 7,490 Second quarter 2026 —
Share repurchases $72.4M Second quarter 2026 —
Southern Timber Adjusted EBITDA non-GAAP $52.6M Second quarter 2026 —
Southern Timber harvest volumes 3.35M Second quarter 2026 —
Weighted-average stumpage price - Southern Timber $15.37 Second quarter 2026 —
Wood Products Adjusted EBITDA non-GAAP $25M Second quarter 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

REIT - Specialty — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
RYN
Rayonier Inc
this stock
$6.47B -0.7% -51.0% — 4.8%
EQIX
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$104.31B +37.5% +7.8% 63.3 1.8%
AMT
American Tower Corp
$88.88B +9.2% +5.1% 27.0 1.4%
DLR
Digital Realty Trust, Inc.
$63.25B +16.3% +10.0% 71.4 2.2%
CCI
Crown Castle Inc.
$38.65B +2.2% -4.4% 47.8 2.3%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
506
% held
98.2%
Reported
437 of 464
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
385
View
Short & Settlement
Short Interest Falling
Shares short
14.5M
Days to cover
4.1d
Change
-289.1K sh
View
Short Volume
Short vol %
62%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
21
Value
$391
As of
Oct 9, 2026
View
Off-Exchange
Off-exchange %
41.7%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Insider Trades Net selling
Net (90d)
-$107.6K
Buyers / Sellers
0 / 2
Buyers Sellers
View
Financials
Financials
Revenue (FY)
$484.5M
Net income (FY)
$474.4M
EPS diluted
$3.03
View
Buybacks
Remaining
$51.2M
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 6, 2026
This year
25

Rayonier Inc. completed its PotlatchDeltic merger on January 30, 2026, adding Wood Products and expanding timberlands to 4,098 thousand acres. Nine-month sales reached $1,238.8 million and net income attributable to Rayonier Inc. was $130.0 million.

View
Proposed Sales
Value
$255
Shares
14
Filed
Oct 2, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
Rayonier Announces $300 Million I…
Published
Nov 4, 2026
View

Performance

5D 20D 120D MTD YTD
RYN -0.2% +13.2% +4.8% +10.9% -0.7%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -2.8% +14.4% +4.3% +11.1% -11.3%

Capital returns

Latest dividend
$0.26 / share · ex Sep 16, 2026
Declared · upcoming
$0.26 / share · ex Dec 17, 2026
Cut 4.8%
Paid (TTM)
$1.053 / share · 4 payouts
Dividend yield (TTM, derived)
4.90%
Full dividend history
Buyback program · as of Oct 30, 2026
Authorized
—
Spent (derived)
—
Remaining
$51.20M

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 52827 CUSIP 754907103 13F (30d) 410 filings 374 filers Visit website Investor relations