Rayonier Reports First Quarter 2026 Results
Rayonier reported Q1 revenue of $276.8 million, a significant increase from the prior year, though GAAP net loss was ($12.4) million due to $69.5 million in merger integration costs. On a pro forma basis, net income was $17.4 million, or $0.07 per share, with Adjusted EBITDA rising to $94.1 million. Operational performance was robust across the new segments, with Real Estate Adjusted EBITDA of $46.2 million exceeding guidance and Southern Timber Adjusted EBITDA jumping 68% year-over-year to $45.5 million. The company also generated Cash Available for Distribution of $90.2 million.
Key figures
- Revenue
- 276800000
- Guidance
- Consistent with initial 2026 guidance; expects Q2 Real Estate Adjusted EBITDA of $25-$35 million and full-year Real Estate Adjusted EBITDA of $180-$200 million.
- Total debt
- 2060000000
- Cash balance
- 681700000
- Adjusted ebitda
- 94100000
- Pro forma net income
- 17400000
- Share repurchase amount
- 31100000
- Average repurchase price
- 20.98
- Cash available for distribution
- 90200000
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.