Rayonier Inc. delivered a strong third quarter, with net income attributable to Rayonier more than doubling to $43.2 million, or $0.28 per share, on revenues of $177.5 million. Pro forma net income also saw a substantial increase to $50.2 million, or $0.32 per share, compared to $11.1 million, or $0.07 per share, in the prior year period. Adjusted EBITDA reached $114.3 million, nearly double the prior year, primarily due to strong performance in the Real Estate and Southern Timber segments.

Rayonier Inc. reported a net income of $408.7 million, or $2.63 per share, on revenues of $106.5 million for the second quarter of 2025. This substantial increase was primarily due to a $404.4 million gain on the sale of its New Zealand joint venture interest. Pro forma net income, excluding this gain and other adjustments, was $9.6 million, or $0.06 per share. Adjusted EBITDA increased by 35% to $44.9 million, driven by strong results in Real Estate and Pacific Northwest Timber, partially offset by a decline in Southern Timber.

Rayonier Inc. reported a first quarter net loss attributable to Rayonier of $3.4 million, or ($0.02) per share, on revenues of $82.9 million. This compares to a net income of $1.4 million, or $0.01 per share, on revenues of $113.7 million in the prior year quarter. The reclassification of New Zealand operations to discontinued operations significantly impacted the reported figures.

Rayonier Inc. reported a net income attributable to Rayonier of $327.1 million, or $2.15 per share, on revenues of $726.3 million for the fourth quarter of 2024. This marks a significant increase compared to the prior year quarter's net income of $126.9 million, or $0.85 per share, on revenues of $467.4 million. The strong performance was primarily driven by $291.1 million of income from Large Dispositions and robust results in the Real Estate segment.