Rayonier Inc is a real estate investment trust that primarily focuses on the sustainable management and development of its extensive portfolio of timberland and forests
The company is engaged in growing, harvesting, and selling timber, which supports various industries, including construction and paper products. In addition to timberland operations, Rayonier also owns and manages a growing segment of real estate properties, particularly in the recreational and coastal areas, enhancing its portfolio with opportunities in land development and property leasing. Through its sustainable practices, Rayonier aims to balance economic growth with environmental stewardship, ensuring responsible land use while delivering value to its stakeholders.
During the early months of the Covid-19 pandemic, and despite the broad-based economic fallout that ensued, North American lumber markets (markets for building materials like 2 x 4s used for construction framing) experienced historic gains.
Real estate investment trusts (REITs) that deal with timber harvest activities such as lumber products, and also manage forest land are known as timber REITs.
Rayonier (NYSERYN) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:12 PM. Here's what investors need to know about the announcement. Earnings Rayonier beat estimated earnings by 6.67%, reporting an EPS of $0.16 versus an estimate of $0.15.
Since the start of the pandemic, lumber has seen two booms. The first came in early 2020 as the work-from-home trend sparked a renovation wave across the country. But lumber isn't done - not even close.
