RYN

Rayonier to Host 2024 Investor Day in New York City Today at 9:00 AM ET

Retrieved on: 
Wednesday, February 28, 2024

Rayonier Inc. (NYSE: RYN), a leading timberland REIT, will host an Investor Day in New York City today starting at 9:00 AM ET as previously announced.

Key Points: 
  • Rayonier Inc. (NYSE: RYN), a leading timberland REIT, will host an Investor Day in New York City today starting at 9:00 AM ET as previously announced.
  • Presentations will cover several key topics, including the Company’s upcoming leadership transition, its plan to execute on emerging opportunities for land-based solutions, the value creation potential of its real estate development platform, an overview of its high-quality timberland portfolio, and an update on its initiatives to enhance shareholder value announced on November 1, 2023.
  • A live webcast of the presentation, along with the presentation materials, will be available at https://ir.rayonier.com at the start of the event.
  • For those who are unable to watch the live webcast, an archived copy of the webcast will be available following the conclusion of the event.

Rayonier Announces Additional Pore Space Lease Agreements with ExxonMobil

Retrieved on: 
Wednesday, February 21, 2024

Rayonier (NYSE:RYN) today announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States.

Key Points: 
  • Rayonier (NYSE:RYN) today announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States.
  • These leases increase Rayonier’s total acres under pore space lease agreements with ExxonMobil to approximately 59,000 acres.
  • ExxonMobil owns and operates the largest carbon dioxide (CO2) pipeline network in the United States, enabling a cost-efficient transportation system that accelerates carbon capture and storage (CCS) deployment for both ExxonMobil and third-party customers.
  • “We are pleased to have this relationship with ExxonMobil, the leader in carbon capture and storage in the US.

Rayonier to Present at Upcoming Investor Conferences

Retrieved on: 
Tuesday, February 20, 2024

Rayonier (NYSE:RYN) announced today that Mark McHugh, President and Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024 at 3:25 p.m.

Key Points: 
  • Rayonier (NYSE:RYN) announced today that Mark McHugh, President and Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Conference on Monday, March 4, 2024 at 3:25 p.m.
  • ET, and at the Citi 2024 Global Property CEO Conference on Tuesday, March 5, 2024 at 2:10 p.m.
  • To access both events, participants can visit the Investor Relations section of Rayonier’s website at www.rayonier.com and follow the registration links.
  • The webcasts will be available for replay on the company’s website shortly after the live events.

Rayonier Announces First Quarter 2024 Dividend

Retrieved on: 
Thursday, February 15, 2024

Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.285 per common share.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a first quarter cash dividend of $0.285 per common share.
  • The dividend is payable on March 28, 2024, to shareholders of record on March 14, 2024.
  • The Company also announced today that the Company’s board of directors, in its capacity as the board of directors of the general partner of Rayonier, L.P., has declared a first quarter cash distribution of $0.285 per operating partnership unit.
  • The cash distribution is payable on March 28, 2024, to holders of record on March 14, 2024.

Rayonier Announces Tax Treatment of 2023 Dividends

Retrieved on: 
Wednesday, January 17, 2024

Rayonier Inc. (NYSE:RYN) announced today the tax treatment of the Company’s 2023 dividend distributions on its Common Stock CUSIP 754907103.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) announced today the tax treatment of the Company’s 2023 dividend distributions on its Common Stock CUSIP 754907103.
  • The dividends, totaling $1.34 per share, were paid as follows: $0.285 on March 31, 2023; $0.285 on June 30, 2023; $0.285 on September 29, 2023; $0.285 on December 29, 2023; and $0.20 on January 12, 2024.
  • The $1.34 per share dividend is classified for income tax purposes as 100% Capital Gain Distribution and 0% Non-dividend Distribution.
  • The following table summarizes the income tax treatment of the Company’s 2023 dividends.

Rayonier Announces Climate Pledge Commitment

Retrieved on: 
Thursday, January 11, 2024

Rayonier Inc. (NYSE:RYN) announced today its commitment to The Climate Pledge, reinforcing our dedication to a sustainable and environmentally responsible future.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) announced today its commitment to The Climate Pledge, reinforcing our dedication to a sustainable and environmentally responsible future.
  • The Climate Pledge encourages businesses worldwide to take immediate and impactful action to combat climate change.
  • By signing The Climate Pledge, Rayonier joins a growing community of over 460 companies that are committed to achieving net-zero carbon emissions by 2040, a decade ahead of the Paris Agreement's target.
  • As part of our commitment to The Climate Pledge, Rayonier will:
    Measure and report: We will continue to measure our carbon emissions accurately and transparently, ensuring that we have a clear understanding of our environmental impact.

Rayonier to Host 2024 Investor Day

Retrieved on: 
Tuesday, January 9, 2024

Rayonier Inc. (NYSE:RYN), a leading timberland REIT, today announced that it will host an Investor Day in New York City on Wednesday, February 28 at 9:00 AM ET.

Key Points: 
  • Rayonier Inc. (NYSE:RYN), a leading timberland REIT, today announced that it will host an Investor Day in New York City on Wednesday, February 28 at 9:00 AM ET.
  • The event will include formal presentations, multiple Q&A sessions, and a lunch reception with the leadership team.
  • Due to space limitations, the number of in-person attendees is limited, and pre-registration is required for in-person attendance.
  • A live webcast will be available at www.rayonier.com at the start of the event.

Rayonier Scheduled to Release Fourth Quarter Earnings on January 31

Retrieved on: 
Wednesday, January 10, 2024

Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, January 31, 2024.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, January 31, 2024.
  • Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 1 to discuss these results.
  • A replay of the webcast will be archived on the Company’s website and available shortly after the call.
  • Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER.

Rayonier Declares Special Cash Dividend of $0.20 Per Share

Retrieved on: 
Monday, December 18, 2023

Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a one-time, special cash dividend of $0.20 per common share.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) announced today that the Company’s board of directors has declared a one-time, special cash dividend of $0.20 per common share.
  • The dividend is payable on January 12, 2024, to shareholders of record on December 29, 2023.
  • The Company also announced today that the Company’s board of directors, in its capacity as the board of directors of the general partner of Rayonier, L.P., has declared a one-time, special cash distribution of $0.20 per operating partnership unit.
  • The cash distribution is payable on January 12, 2024, to holders of record on December 29, 2023.

Rayonier Completes Previously Announced Disposition of Oregon Properties

Retrieved on: 
Monday, December 18, 2023

Rayonier Inc. (NYSE:RYN) today announced the completion of its previously announced disposition of 55,000 acres of timberland in Oregon to Manulife Investment Management on behalf of clients for $242 million (~$4,400 per acre), subject to customary prorations and closing costs.

Key Points: 
  • Rayonier Inc. (NYSE:RYN) today announced the completion of its previously announced disposition of 55,000 acres of timberland in Oregon to Manulife Investment Management on behalf of clients for $242 million (~$4,400 per acre), subject to customary prorations and closing costs.
  • The Company has used $150 million of the proceeds to pay down its only floating rate debt and plans to use approximately $30 million for a special dividend to be paid in January 2024 (as announced in a separate press release today).
  • The remaining proceeds are being retained for further debt reduction and/or other capital allocation purposes.
  • “Successfully closing on this asset sale is an important step toward effectuating the asset disposition and capital structure realignment plan that we announced on November 1st, targeting $1 billion of select asset sales over 18 months,” said David Nunes, Chief Executive Officer.