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Rayonier Inc RYN

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Timber Prices Soften for Rayonier in Second Quarter but Should Strengthen as 2020 Goes On

Charles Gross Equity Analyst

Analyst Note

| Charles Gross |

Rayonier's second quarter was challenging. Realized timber prices declined across every region as the world reeled from coronavirus-related shutdowns. Management responded by increasing its land sales during the second quarter, generating $44.6 million in adjusted EBITDA, and increasing harvest volumes.

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Company Profile

Business Description

Rayonier owns and manages timberland. Among the largest private landowners in the United States, the firm owns 2.2 million acres. It also owns land in New Zealand. Rayonier is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities.

1 Rayonier Way
Wildlight, FL, 32097
T +1 904 357-9100
Sector Real Estate
Industry REIT - Specialty
Most Recent Earnings Mar 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type Hard Assets
Employees 353