Loading...
•
Dec 31, 2025
Rayonier Q4 2025 Earnings Report
Rayonier reported significantly lower fourth quarter 2025 earnings compared to the prior year, primarily due to the absence of large timberland dispositions.
Key Takeaways
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.
Net income attributable to Rayonier was 25900000, or 0.16 per diluted share.
Fourth quarter revenue was 117500000 compared to 650500000 in the prior year.
Adjusted EBITDA was 61700000 versus 95100000 in Q4 2024.
Real Estate segment operating income was 27100000, significantly lower year over year due to prior year Large Dispositions.
Revenue by Segment
Forward Guidance
For 2026, the combined company expects Southern Timber harvest volumes of 12100000 to 12600000 tons, Northwest Timber harvest volumes of 2000000 to 2300000 tons, and Real Estate Adjusted EBITDA contribution of 180000000 to 200000000.
Positive Outlook
- Southern Timber harvest volumes expected to increase to 12100000–12600000 tons.
- Northwest Timber harvest volumes expected at 2000000–2300000 tons.
- Real Estate segment expected to contribute 180000000–200000000 of Adjusted EBITDA.
- Improving lumber pricing environment entering 2026.
- Merger with PotlatchDeltic expected to enhance scale and diversification.
Challenges Ahead
- Southern Timber average pine stumpage realizations expected lower than prior year standalone levels.
- Northwest pricing expected to have increased sensitivity to lumber prices.
- Real Estate performance dependent on transaction pipeline timing.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...