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Rayonier Inc. REIT (RYN)
NYSE:RYN
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a cautiously positive outlook. Key strategic highlights include a successfully closed merger (ahead of schedule), record Real Estate results, improved full-year adjusted EBITDA (+8% YoY), stronger CAD (+41%), a solid balance sheet and clear synergy targets. Near-term operating challenges were also emphasized—notably weaker Q4 EBITDA relative to an exceptionally strong prior-year quarter, significant pulpwood pricing pressure (pulpwood -27% YoY in Q4), lower Pacific Northwest harvest volumes (-26% YoY) and ongoing integration/transaction costs. Management expects lumber price momentum and Real Estate strength to help offset timber/pulpwood headwinds as synergies and diversification from the merger take effect.Company Guidance
Merger with PotlatchDeltic Closed Ahead of Schedule
Merger closed January 30, 2026 creating a combined company with ~4 million acres, diversified timberland portfolio, real estate platform and wood products manufacturing. Management expects $40 million run-rate synergies by end of year 2 (with ~$20 million run rate in year 1) and plans a new company name/ticker in Q1.
Record Real Estate Performance
Real Estate segment delivered a record full-year adjusted EBITDA of $127 million, well above original guidance of $86–$96 million. Q4 real estate revenue was $42 million on ~3,800 acres at an average of $9,700/acre; Q4 real estate adjusted EBITDA was $33 million. Management projects full-year Real Estate adjusted EBITDA of $180–$200 million for 2026 and Q1 contribution of $30–$35 million.
Full-Year Adjusted EBITDA Growth
Company delivered full-year adjusted EBITDA of $248 million, an 8% increase versus 2024 and above the high end of prior guidance.
Improved Liquidity and Strong Balance Sheet
Cash at year-end of $843 million and ~$1.1 billion of debt. Net debt to enterprise value was 6%, and net debt was less than 1x 2025 adjusted EBITDA. Pro forma net debt post-merger expected ~$1.3–$1.4 billion, well inside the 3x mid-cycle EBITDA leverage target.
Higher Cash Available for Distribution (CAD)
CAD increased to $199 million in 2025 from $141 million in 2024, a ~41% increase driven by higher adjusted EBITDA, lower cash interest expense, higher interest income and lower capex.
Wood Products & Lumber Momentum
Management noted improving lumber prices and expects Wood Products shipments of ~1.1 billion board feet for 11 months of 2026 post-merger, with the Wood Products segment expected to be slightly positive to overall adjusted EBITDA in Q1 based on current prices.
Capital Allocation Flexibility
Company repurchased ~110,000 shares in Q4 for $2.9 million at $26.31 average, still has ~$230 million remaining on repurchase authorization, paid a $1.40/share special dividend and intends to be opportunistic with buybacks given perceived discount to NAV.
Progress on Land-Based Solutions (LBS)
Combined company expands LBS capabilities (solar, carbon capture & storage, offsets, lithium/brine exposure). Management remains optimistic about long-term value creation despite policy/timing headwinds.
RYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RYN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $22.36 | $22.49 | +0.58% |
Nov 05, 2025 | $21.80 | $22.14 | +1.56% |
Aug 06, 2025 | $21.97 | $23.78 | +8.24% |
Apr 30, 2025 | $22.28 | $21.49 | -3.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rayonier Inc. REIT (RYN) report earnings?
Rayonier Inc. REIT (RYN) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Rayonier Inc. REIT (RYN) earnings time?
Rayonier Inc. REIT (RYN) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RYN EPS forecast?
RYN EPS forecast for the fiscal quarter 2026 (Q1) is 0.06.