Sector: N/A | Industry: N/A |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1 Rayonier Way JACKSONVILLE FL 32097 |
Tel: | 1-904-3579100 |
Website: | https://www.rayonier.com |
IR: | See website |
Key People | ||
Mark D. Mchugh President, Chief Executive Officer, Director | April J. Tice Chief Financial Officer, Senior Vice President | Douglas M. Long Executive Vice President, Chief Resource Officer |
Mark R. Bridwell Senior Vice President, General Counsel, Corporate Secretary | Christopher T. Corr Senior Vice President - Real Estate Development | W. Rhett Rogers Senior Vice President - Portfolio Management | Shelby L. Pyatt Vice President - Human Resources and Information Technology |
Business Overview |
Rayonier Inc. is a timberland real estate investment trust (REIT) with assets located in productive softwood timber growing regions in the United States and New Zealand. The Company's segments include Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. It owns, leases or manages approximately 2.7 million acres of timberland and real estate located in the United States South (1.85 million acres), United States Pacific Northwest (418,000 acres) and New Zealand (421,000 gross acres, or 297,000 net plan table acres). In addition, it engages in the trading of logs to Pacific Rim markets, predominantly from New Zealand and Australia, to support its New Zealand export operations. It also engages in log trading activities to these markets from the United States South and United States Pacific Northwest. Its Trading segment primarily reflects log trading activities in New Zealand and Australia conducted by its New Zealand subsidiary. |
Financial Overview |
For the fiscal year ended 31 December 2023, Rayonier Inc revenues increased 16% to $1.06B. Net income increased 62% to $173.5M. Revenues reflect Real Estate segment increase from $138M to $390M, United States segment increase of 37% to $787.9M. Net income benefited from Real Estate segment income increase from $58.5M to $156.6M, Trading segment income increase of 29% to $492K, United States segment income increase of 36% to $185.2M. |
Employees: | 439 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,659M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,057M as of Dec 31, 2023 |
EBITDA (TTM): | $374.48M as of Dec 31, 2023 |
Net annual income (TTM): | $173.49M as of Dec 31, 2023 |
Free cash flow (TTM): | $32.88M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $1,158M as of Dec 31, 2023 |
Shares outstanding: | 148,649,321 as of Mar 15, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |