In Q4 2025, Rayonier generated revenue of 117500000 and net income attributable to Rayonier of 25900000, or 0.16 per diluted share. Adjusted EBITDA totaled 61700000, down from the prior year period due to lower Real Estate activity and no Large Dispositions.
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.