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Rayonier Inc. REIT (RYN)
NYSE:RYN
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.2Last Year’s EPS
0.17Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -9.64%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in asset dispositions and financial improvements, such as debt reduction and real estate gains. However, challenges in the timber segments, particularly in New Zealand and the Pacific Northwest, contributed to a balanced outlook.Company Guidance
During the third quarter 2024 earnings call for Rayonier (RYN), the company provided comprehensive guidance and updates on its strategic initiatives and financial performance. The company announced timberland dispositions totaling 200,000 acres for $495 million, with an implied EBITDA multiple of 45x, generating pro forma CAD per share accretion of approximately 9%. These dispositions are expected to reduce leverage to approximately 2.8x net debt to pro forma adjusted EBITDA. Rayonier reported third-quarter adjusted EBITDA of $72 million and pro forma net income of $18 million or $0.12 per share. The Southern Timber segment's adjusted EBITDA was $38 million, the Pacific Northwest Timber segment's was $9 million, and the New Zealand Timber segment's was $15 million. The Real Estate segment contributed $20 million in adjusted EBITDA. The company updated its full-year adjusted EBITDA guidance to $275 million to $290 million and anticipates a special distribution to meet REIT taxable income distribution requirements.Timberland Dispositions
Completed and pending timberland dispositions totaling 200,000 acres for $495 million, representing an implied EBITDA multiple of 45x. Expected to generate pro forma CAD per share accretion of approximately 9%.
Debt Reduction and Financial Strength
Pro forma leverage expected to decline to approximately 2.8x net debt to pro forma adjusted EBITDA. Used $90 million of proceeds to pay down unhedged floating rate debt, reducing weighted average cost of debt to approximately 2.7%.
Real Estate Segment Performance
Generated third quarter adjusted EBITDA of $20 million, up $1 million from the prior year. Strong average price per acre reflects higher proportion of improved development sales.
Land-Based Solutions Growth
Approximately 76,000 acres under lease for carbon capture and storage and over 40,000 acres under option for solar development by year-end.
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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
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RYN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $29.35 | $29.50 | +0.51% |
| Aug 07, 2024 | $28.28 | $27.12 | -4.10% |
| May 01, 2024 | $27.27 | $26.93 | -1.25% |
| Jan 31, 2024 | $27.51 | $29.39 | +6.83% |
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.
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FAQ
When does Rayonier Inc. REIT (RYN) report earnings?
Rayonier Inc. REIT (RYN) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Rayonier Inc. REIT (RYN) earnings time?
Rayonier Inc. REIT (RYN) earnings time is at Feb 05, 2025, TBA Not 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 2024 (Q4) is 0.2.
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