Rayonier Q4 adjusted EPS eases past estimates

Rayonier

11/02/2026 21:19

Overview

Land resources REIT's Q4 revenue and adjusted EPS beat analyst expectations

Company completed merger with PotlatchDeltic, forming a leading land resources REIT

Q4 adjusted EBITDA beat estimates, driven by core segment performance

Outlook

Rayonier expects Southern Timber harvest volumes of 12.1 to 12.6 mln tons in 2026

Company anticipates Northwest Timber log pricing to be higher in 2026

Rayonier forecasts Real Estate Adjusted EBITDA of $180 to $200 mln for 2026

Result Drivers

MERGER COSTS - Rayonier's Q4 results were affected by $6.3 mln in costs related to the merger with PotlatchDeltic

SOUTHERN TIMBER - Adjusted EBITDA fell 8% due to lower stumpage realizations and non-timber income, despite higher harvest volumes

REAL ESTATE SALES DROP - Real Estate segment sales and operating income fell sharply due to fewer acres sold and absence of large dispositions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$117.50 mln
$110.06 mln (5 Analysts)
Q4 Adjusted EPS
Beat
$0.20
$0.11 (5 Analysts)
Q4 EPS
$0.16
Q4 Adjusted Net Income
Beat
$32.10 mln
$18.84 mln (4 Analysts)
Q4 Net Income
$25.90 mln
Q4 Adjusted EBITDA
Beat
$61.70 mln
$55.35 mln (5 Analysts)
Q4 Operating Income
$27 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Rayonier Inc is $26.00, about 15.9% above its February 10 closing price of $22.43

The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release: ID:nBw81hPfSa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)