)
Visual
earnings real time
Rayonier (RYN) investor relations material
Rayonier Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Announced a merger of equals with PotlatchDeltic, expected to close in late Q1 or early Q2 2026, targeting $40 million in run rate synergies and creating a premier land resources company with over 4 million acres of timberland.
Q3 2025 net income attributable to shareholders was $43.2 million ($0.28 per share), with pro forma net income of $50.2 million ($0.32 per share) and Adjusted EBITDA of $114.3 million, nearly double the prior year period.
Revenues rose to $177.5 million from $124.1 million year-over-year, driven by strong Real Estate and Southern Timber segment performance.
Completed sale of 77% interest in New Zealand operations for $710 million, recognizing a $404.5 million gain; results now classified as discontinued operations.
Declared a one-time special dividend/distribution of $1.40 per share/unit, payable December 12, 2025.
Financial highlights
Q3 2025 sales totaled $177.5 million, operating income was $41.7 million, and pro forma net income was $50.2 million; Adjusted EBITDA for the quarter was $114.3 million, up from $57.2 million year-over-year.
Cash available for distribution (CAD) for the first nine months was $153.5 million, up from $77.1 million year-over-year.
Net income for nine months ended September 30, 2025, was $454.2 million, up from $35.8 million year-over-year, driven by the New Zealand sale.
Ended Q3 with $919.6 million in cash and $1.05 billion in debt; net debt to enterprise value was 3%.
Repurchased 1.2 million shares for $30.1 million in Q3; $232.3 million remains on repurchase authorization.
Outlook and guidance
Full-year Adjusted EBITDA and pro forma EPS expected at or above the high end of prior guidance ($215–$235 million and $0.34–$0.41, respectively).
Q4 guidance: net income of $13–$17 million, EPS of $0.08–$0.11, and Adjusted EBITDA of $50–$60 million.
Southern Timber and Pacific Northwest Timber segments expected to be below or at the low end of prior guidance due to market softness; Real Estate segment expected to exceed prior guidance.
2025 capital expenditures expected between $50 million–$54 million; real estate development investments between $22 million–$26 million.
Anticipated use of proceeds from the New Zealand JV sale includes strengthening the balance sheet and supporting strategic initiatives.
Breakdown of $40M merger synergies
Timeline for new pulpwood demand sources?
Sustainability of recent real estate performance?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Rayonier earnings date
Q4 20255 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Rayonier Inc. is a real estate investment trust (REIT) that owns and manages timberland properties. The company engages in the sale of timber, land, and real estate development rights, primarily serving the forestry and wood products industries. It is headquartered in Wildlight, Florida, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage