Timberland REIT Rayonier's Q3 revenue, adj EPS beat estimates on growth in real estate segment

Rayonier

05/11/2025 22:39

Overview

Rayonier Q3 2025 revenue beats analyst expectations, adjusted EPS also exceeds estimates

Adjusted EBITDA for Q3 2025 doubles yr/yr, driven by Real Estate and Southern Timber

Company announces merger with PotlatchDeltic, expected to close in early 2026

Outlook

Company expects full-year adjusted EBITDA at or above prior guidance range

Rayonier anticipates Q4 net income of $13 to $17 mln

Company forecasts Q4 EPS between $0.08 and $0.11

Result Drivers

REAL ESTATE GROWTH - Significant transactions in Real Estate segment boosted results, outperforming expectations

SOUTHERN TIMBER VOLUME - 24% increase in harvest volumes in Southern Timber segment drove growth despite lower stumpage realizations

PACIFIC NORTHWEST DECLINE - Reduced harvest volumes impacted Pacific Northwest Timber segment, partially offset by lower costs and improved pricing

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$177.50 mln
$160.40 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$0.32
$0.22 (5 Analysts)
Q3 EPS
$0.28
Q3 Adjusted Net Income
Beat
$50.20 mln
$35.84 mln (4 Analysts)
Q3 Net Income
$43.20 mln
Q3 Adjusted EBITDA
Beat
$114.30 mln
$89.11 mln (5 Analysts)
Q3 Operating Income
$41.70 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 $29.50, about 26.1% above its November 4 closing price of $21.79

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 43 three months ago

Press Release: ID:nBw5SZTssa

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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.)