RYN
Real EstateRayonier Inc. · REIT - Specialty · $3B
What is Rayonier Inc.?
Rayonier Inc. is a timberland real estate investment trust managing millions of acres across the U.S. South, Pacific Northwest, and New Zealand. The company focuses on sustainable timber production and real estate value creation from its land holdings.
Rayonier generates revenue primarily through harvesting and selling timber from its softwood timberlands, leasing land for hunting and recreation, and selectively selling higher-value real estate parcels. The company also manages a private equity timber fund business on behalf of third-party investors, adding a fee-based income stream. Its REIT structure requires distributing the majority of taxable income to shareholders, making dividends a central part of its investor proposition.
Rayonier was established in 1994 and is headquartered in Yulee, Florida.
- Softwood timber harvesting across U.S. and New Zealand timberlands
- Real estate sales of higher-value land parcels
- Recreational and hunting land leases
- Third-party timber fund management services
Is RYN a Good Stock to Buy?
UQS Score rates RYN as Good overall, reflecting a balanced profile across its five analytical pillars.
Rayonier's Quality and Risk pillars both register as Good, suggesting the business generates reasonably dependable cash flows relative to its asset base and carries a manageable risk profile for a REIT. The Valuation pillar also comes in as Good, indicating the stock does not appear significantly stretched relative to its fundamentals.
The Moat pillar is rated Weak, pointing to limited pricing power and competitive differentiation in the timberland sector. Growth registers as Neutral, reflecting the inherently slow-moving nature of timber production cycles.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does RYN pay dividends?
Yes — Rayonier Inc. pays a dividend.
Rayonier pays a regular dividend, consistent with its REIT structure, which mandates distributing the majority of taxable income to shareholders. Timberland REITs like Rayonier have historically used dividends as a primary way to return value, supported by recurring timber harvest revenues and land lease income. Income-focused investors often consider RYN for its dividend continuity.
When does RYN report earnings?
Rayonier reports earnings on a quarterly cadence, typical for U.S.-listed REITs.
Results tend to reflect seasonal timber harvest volumes, real estate transaction timing, and conditions in the broader lumber market. As a REIT, Rayonier's reported earnings are often supplemented by funds from operations metrics that better capture underlying cash generation.
For the most recent quarter's results, visit Rayonier's investor relations page directly.
RYN Price History
-24.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Rayonier Inc.?
Based on Rayonier Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
RYN Long-term Outlook
Rayonier's fundamental outlook is shaped by its Neutral Growth and Good Risk pillar ratings. Timber demand tied to housing construction and export markets provides a slow but relatively stable growth backdrop. The Good Risk rating suggests the balance sheet and cash flow structure are reasonably positioned to weather sector downturns, though the Weak Moat rating means pricing leverage remains limited.
Growth drivers
- Long-term housing demand supporting domestic softwood timber consumption
- Export timber sales to Pacific Rim markets from Pacific Northwest holdings
- Higher-value real estate parcel monetization from timberland acreage
Key risks
- Lumber price cyclicality reducing harvest revenue in downturns
- Limited competitive differentiation given the Weak Moat rating
- Interest rate sensitivity common to REIT structures affecting valuation
RYN vs Peers
Rayonier operates in the broader real estate and alternative asset REIT space, where it competes for investor capital alongside other specialty REITs.
Uniti focuses on fiber and wireless infrastructure assets rather than land, offering a very different underlying asset base and revenue model.
EPR Properties specializes in experiential real estate such as theaters and education facilities, with tenant concentration risk distinct from timberland exposure.
Outfront Media operates outdoor advertising structures, making its revenue tied to advertising cycles rather than commodity timber markets.
Frequently Asked Questions
What does Rayonier do?
Rayonier is a timberland REIT that owns and manages millions of acres of softwood timberlands in the U.S. South, Pacific Northwest, and New Zealand. The company earns revenue from timber harvesting, recreational land leases, real estate sales, and managing timber funds for outside investors.
Does RYN pay dividends?
Yes, Rayonier pays a regular dividend. As a REIT, it is required to distribute the majority of its taxable income to shareholders. Timber harvest revenues and land lease income support this recurring distribution. Check Rayonier's investor relations page for the current dividend rate and payment schedule.
When does RYN report earnings?
Rayonier reports earnings quarterly, in line with standard U.S. public company requirements. Specific dates vary each quarter. For the most current earnings schedule, refer to Rayonier's investor relations page.
Is RYN a good stock to buy?
UQS Score rates RYN as Good overall. The Quality, Risk, and Valuation pillars are all rated Good, while Growth is Neutral and Moat is Weak. Whether it fits your portfolio depends on your income needs, risk tolerance, and view on timber markets. The full pillar breakdown is available to Pro members.
Is RYN overvalued?
The UQS Valuation pillar for RYN is rated Good, suggesting the stock does not appear significantly overpriced relative to its fundamentals. Timberland REITs are often valued on asset-based metrics rather than traditional earnings multiples. View the complete valuation analysis by signing up for a UQS Pro account.
How does RYN compare to its competitors?
Rayonier is a pure-play timberland REIT, which distinguishes it from specialty REITs like Uniti Group, EPR Properties, and Outfront Media that operate in infrastructure, experiential real estate, and outdoor advertising respectively. RYN's revenue is tied to timber commodity cycles and land values rather than tenant leases or advertising spend.
What is RYN's market cap bracket?
Rayonier is classified as a mid-cap company. This places it in a size range that typically offers more liquidity than small-cap peers while remaining smaller than the largest REIT operators in the broader real estate sector.
Who founded Rayonier?
Rayonier was established in 1994. Its origins trace back to the forest products operations of ITT Corporation, which spun off the timberland and performance fibers businesses as an independent public company. Founding details are widely available through public corporate history sources.
Is RYN a long-term quality investment?
As a long-term quality indicator, RYN's Good UQS Score reflects reasonable fundamentals across quality, risk, and valuation. However, the Weak Moat and Neutral Growth ratings suggest limited competitive advantage and modest expansion prospects. Long-term suitability depends on your confidence in timber demand and REIT income strategies.
What is the main competitive advantage of Rayonier?
Rayonier's primary advantage lies in its ownership of large, geographically diversified timberland acreage in highly productive growing regions. Land scarcity and long timber growth cycles create natural barriers. However, the UQS Moat pillar rates this advantage as Weak, indicating limited pricing power relative to broader market forces.
What sector does RYN belong to?
Rayonier is classified in the Real Estate sector, specifically as a timberland REIT. Explore other [top Real Estate REITs](/sector/real-estate) on UQS Score to see how RYN compares within its sector peer group.
Unlock Full RYN Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the exact UQS Score and all five pillar ratings
- ✓Access complete financial metrics and trend data
- ✓Compare RYN against timberland and REIT peers
- ✓See valuation and risk detail behind the Good rating
- ✓Get the full analyst-grade breakdown in one place
Pro Analysis
RYN — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 52.7 | 68.1 | 20.0 | 50.1 | 70.8 | 66.9 | +0.3 |
| May 14, 2026 | 52.4 | 68.4 | 20.0 | 50.1 | 70.8 | 64.2 | +0.3 |
| May 12, 2026 | 52.1 | 67.9 | 20.0 | 50.1 | 70.8 | 63.3 | -3.7 |
| May 7, 2026 | 55.8 | 79.7 | 20.0 | 50.1 | 72.9 | 66.0 | -0.1 |
| May 3, 2026 | 55.9 | 79.7 | 20.0 | 50.1 | 72.9 | 66.6 | +0.1 |
| Apr 26, 2026 | 55.8 | 79.7 | 20.0 | 50.1 | 72.9 | 66.2 | +0.6 |
| Apr 21, 2026 | 55.2 | 79.7 | 20.0 | 50.1 | 72.9 | 62.0 | +0.1 |
| Apr 19, 2026 | 55.1 | 79.7 | 20.0 | 50.1 | 72.9 | 61.2 | 0.0 |
| Apr 18, 2026 | 55.1 | 79.7 | 20.0 | 50.1 | 72.9 | 61.4 | +0.1 |
| Apr 14, 2026 | 55.0 | 79.7 | 20.0 | 50.1 | 72.9 | 61.1 | -7.6 |
RYN — Pillar Breakdown
Quality
— 68.0/100 (25%)Rayonier Inc. shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 50.1/100 (20%)Rayonier Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 70.8/100 (15%)Rayonier Inc. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 65.9/100 (15%)Rayonier Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 20/100 (25%)Rayonier Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for RYN.
Score Composition
Financial Data
More Stock Analysis
How is the RYN UQS Score Calculated?
The UQS (Unified Quality Score) for Rayonier Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Rayonier Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Rayonier Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.