Rayonier (RYN)
Real Estate · Timberland REIT and forest products
Rayonier is a timberland REIT managing 2 million acres of U.S. softwood forests and, post-merger, wood products manufacturing operations, generating revenue from timber sales, real estate development, and emerging natural capital solutions.
What Rayonier does
Rayonier is a timberland real estate investment trust (REIT) that owns and manages approximately 2.0 million acres of timberland and real estate in the United States, primarily in the Southeast and Pacific Northwest. The company generates revenue through the sale of standing timber and delivered logs to lumber, pulp, and paper manufacturers, as well as through real estate sales and value-added activities such as hunting licenses, mineral leases, and land-based solutions like carbon capture and solar. Following its January 2026 merger with PotlatchDeltic Corporation, Rayonier now operates timber harvesting segments in the Southern and Pacific Northwest regions, a Wood Products manufacturing segment, and a Real Estate segment.
Themes: ["Timberland REIT","Timber harvesting and sales","Real estate development","Wood products manufacturing","Natural capital / carbon solutions","Renewable energy / solar","U.S. timber supply chain"]
Fundamentals
- Price$20.90 as of 2026-07-09 close
- Market cap$6.4B as of 2026-07-10
- 1-year return-11.1% as of 2026-07-09 close
- P/E13.71 as of 2026-07-10
- Net margin+68.6% as of 2026-07-10
- Gross margin+27.4% as of 2026-07-10
- ROE+15.4% as of 2026-07-10
- Debt / equity0.39 as of 2026-07-10
- Revenue growth (YoY)-42.4% as of 2026-07-10
- Revenue CAGR (3y)-18.9% SEC XBRL
- Beta0.92 as of 2026-07-10
Dividend: yield +5.0%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Softwood timber tariffs (10% ad valorem duty since October 2025) and trade policy uncertainty could reduce domestic log demand and pricing; anticipated tariff easing in 2H 2026 may be offset by softer end-market demand and higher construction costs","Housing market sensitivity—demand for lumber is closely tied to U.S. housing starts, which may weaken due to higher construction costs and macroeconomic conditions","Execution risk from the PotlatchDeltic merger, including the ability to realize intended benefits from combining timberland portfolios, wood products operations, and achieving strategic synergies"]
Competitors & peers
- Weyerhaeuser Company (WY)
- Potlatch Deltic Corporation (PCH)
- CatchMark Timber Trust (CTT)
- PotlatchDeltic Holdings LLC
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.