Added to YB: 2026-10-15
Pitch date: 2026-10-13
RYN [bullish]
Rayonier Inc.
+0.8%
current return
Author Info
DB_Silver_Fox is a CFO and value investor interested in: European & US hidden champions, simple and effective business models, and US Banks. Sign up for the newsletter.
Company Info
Rayonier Inc. is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.
Market Cap
$5.6B
Pitch Price
$18.82
Price Target
N/A
Dividend
5.51%
EV/EBITDA
20.70
P/E
54.00
EV/Sales
7.37
Sector
Specialized REITs
Category
value
$RYN - more than trees
RYN: Rayonier’s 4.1M timberland acres are implicitly valued at ~$1,493 each after deducting mills and higher-and-better-use land at carrying value, below the acquired portfolio’s $1,729 harvest-only DCF value and 42% below a recent Southern purchase. Sawmills and alternative land uses add optionality, but three-fifths of acreage faces structurally weaker Southern fiber demand; high rates offer no near-term help, the catalyst is unidentified and realization may take several years.
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