RAYONIER INC SEC 10-Q Report

Rayonier Inc., a leading timberland real estate investment trust (REIT), has released its Form 10-Q report for the second quarter of 2025. The report highlights significant improvements in both financial and operational performance, driven by strategic divestitures and a focus on core operations in the Southern and Pacific Northwest regions.

Financial Highlights

Rayonier Inc. reported robust financial results for the three months ended June 30, 2025, showcasing substantial growth across key metrics:

• Sales: $106.5 million, up from $99.6 million in the same period of 2024.
• Operating Income: $14.5 million, a significant increase from $4.5 million in the same period of 2024, indicating improved operational efficiency.
• Net Income: $413.6 million, a dramatic rise from $3.0 million in the same period of 2024, primarily due to the gain on the sale of discontinued operations.
• Net Income Attributable to Rayonier Inc.: $408.7 million, compared to $1.9 million in the same period of 2024.
• Basic Earnings Per Share Attributable to Rayonier Inc.: $2.63, compared to $0.01 in the same period of 2024.
• Diluted Earnings Per Share Attributable to Rayonier Inc.: $2.63, compared to $0.01 in the same period of 2024.

Business Highlights

Rayonier Inc. also reported notable operational achievements and strategic shifts during the second quarter of 2025:

• Revenue Segments: The company generated significant revenue from its Southern Timber and Pacific Northwest Timber segments. Southern Timber contributed $43.8 million, while Pacific Northwest Timber added $21.2 million to the total timber sales for the three months ended June 30, 2025.
• Geographical Performance: The company completed the sale of its New Zealand operations, which were previously a significant part of its geographical revenue. These operations are now classified as discontinued, impacting the geographical revenue distribution.
• Sales Units: The Southern Timber segment reported sales of 19,132 units under Stumpage Pay-as-Cut contracts and 24,631 units under Delivered Wood (Domestic) contracts. The Pacific Northwest Timber segment reported 561 units under Stumpage Lump Sum contracts and 20,601 units under Delivered Wood (Domestic) contracts for the three months ended June 30, 2025.
• Future Outlook: Following the divestiture of its New Zealand operations, Rayonier Inc. is focusing on optimizing its core operations in the Southern and Pacific Northwest regions. This strategic shift is expected to streamline operations and enhance focus on domestic markets.

SEC Filing: RAYONIER INC [ RYN ] - 10-Q - Aug. 08, 2025