Rayonier Inc. REIT RYN
Rayonier Inc. is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S. South and U.S. Northwest. The company is focused on managing its timberlands on a sustainable basis while optimizing its overall portfolio value by delivering land to its highest and best use. Rayonier also operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program. Rayonier is committed to corporate responsibility, third-party forest certification, and supporting climate change mitigation through its land-based solutions business. Rayonier Inc. was incorporated in 1926 in North Carolina and is based in Yulee, Florida.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-23 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-05-06) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model RYN yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $484.50M | $474.40M | $106.45M | $207.35M | $256.70M |
| 2024 | $1.26B | $359.15M | $113.85M | $526.80M | $261.59M |
| 2023 | $1.06B | $173.49M | $136.56M | $368.52M | $298.38M |
| 2022 | $909.07M | $107.08M | $147.34M | $315.73M | $269.20M |
| 2021 | $1.11B | $152.55M | $155.72M | $425.78M | $325.10M |
| 2020 | $859.15M | $37.08M | $165.00M | $240.56M | $204.20M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-16 | 2026-09-16 | 2026-09-30 | 2026-07-16 | $0.26 | Quarterly |
| 2026-06-16 | 2026-06-16 | 2026-06-30 | 2026-05-15 | $0.26 | Quarterly |
| 2026-03-17 | 2026-03-17 | 2026-03-31 | 2026-02-23 | $0.26 | Quarterly |
| 2025-12-10 | 2025-12-10 | 2025-12-31 | 2025-10-16 | $0.27 | Quarterly |
| 2025-10-24 | 2025-10-24 | 2025-12-12 | 2025-10-14 | $1.40 | Special |
| 2025-09-16 | 2025-09-16 | 2025-09-30 | 2025-07-18 | $0.27 | Quarterly |
| 2025-06-16 | 2025-06-16 | 2025-06-30 | 2025-05-16 | $0.27 | Quarterly |
| 2025-03-17 | 2025-03-17 | 2025-03-31 | 2025-02-05 | $0.27 | Quarterly |
| 2024-12-17 | 2024-12-17 | 2024-12-31 | 2024-10-21 | $0.28 | Quarterly |
| 2024-09-16 | 2024-09-16 | 2024-09-30 | 2024-07-22 | $0.28 | Quarterly |
| 2024-06-14 | 2024-06-14 | 2024-06-28 | 2024-05-17 | $0.28 | Quarterly |
| 2024-03-13 | 2024-03-14 | 2024-03-28 | 2024-02-15 | $0.28 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-12 | 2023-12-18 | $0.20 | Special |
| 2023-12-14 | 2023-12-15 | 2023-12-29 | 2023-10-20 | $0.28 | Quarterly |
| 2023-09-14 | 2023-09-15 | 2023-09-29 | 2023-07-21 | $0.28 | Quarterly |
| 2023-06-15 | 2023-06-16 | 2023-06-30 | 2023-05-19 | $0.28 | Quarterly |
| 2023-03-16 | 2023-03-17 | 2023-03-31 | 2023-02-17 | $0.28 | Quarterly |
| 2022-12-15 | 2022-12-16 | 2022-12-30 | 2022-10-21 | $0.28 | Quarterly |
| 2022-09-15 | 2022-09-16 | 2022-09-30 | 2022-07-25 | $0.28 | Quarterly |
| 2022-06-15 | 2022-06-16 | 2022-06-30 | 2022-05-20 | $0.28 | Quarterly |
| 2022-03-16 | 2022-03-17 | 2022-03-31 | 2022-02-18 | $0.27 | Quarterly |
| 2021-12-16 | 2021-12-17 | 2021-12-31 | 2021-10-25 | $0.27 | Quarterly |
| 2021-09-15 | 2021-09-16 | 2021-09-30 | 2021-07-26 | $0.27 | Quarterly |
| 2021-06-15 | 2021-06-16 | 2021-06-30 | 2021-05-24 | $0.27 | Quarterly |
Coverage (payout of operating cash flow): 64.30%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — RYN
Rayonier Announces Fourth Quarter 2026 Dividend
Longleaf Partners Global Fund Q3 2026 Portfolio Review
Rayonier Scheduled to Release Third Quarter Earnings on November 4
Longleaf Partners Small-Cap Fund Q3 2026 Portfolio Review
Rayonier: Significant Land Discount Drives A Buy, But Dividend Quality Bears Watching
Longleaf Partners Fund Q3 2026 Portfolio Review
Is It Too Late to Buy Rayonier Inc (RYN) After 3.4% Rally? GF Value Says Undervalued
The Next Big Move In Interest Rates: How I'm Buying The Dividend Sell-Off
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.