RYN · Categories · Earnings
RYN - Earnings announcements
Rayonier Inc. REIT (RYN) earnings announcements - real-time wire coverage filtered to Earnings only.
Recent Earnings for RYN
- Rayonier Reports First Quarter 2026 ResultsFirst quarter net loss attributable to Rayonier of ($12.4) million (or ($0.05) per diluted share), pro forma net income of $17.4 million (or $0.07 per share), and Adjusted EBITDA of $94.1 million. Successfully completed transformative merger of equals with PotlatchDeltic on January 30, 2026. Repurchased $31.1 million of shares at an average price of $20.98 per share. As of March 31, 2026, Rayonier had $2.06 billion of debt outstanding and $681.7 million of cash. Rayonier Inc. (NYSE:RYN) today reported first quarter net loss attributable to Rayonier of ($12.4) million, or ($0.05) per diluted share, on revenues of $276.8 million. This compares to net loss attributable to Rayonier
- Rayonier Scheduled to Release First Quarter Earnings on May 6Rayonier Inc. (NYSE:RYN) plans to release its first quarter 2026 earnings after the market closes on Wednesday, May 6, 2026. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, May 7 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. The conference call can be accessed by registering online at Q1 2026 Rayonier Earnings Call Webcast, at which time registrants will receive dial-in information. About Rayonier Rayonier is a land resources real estate investment trust (REIT
- Rayonier Reports Fourth Quarter 2025 ResultsFourth quarter net income attributable to Rayonier of $25.9 million ($0.16 per share), pro forma net income of $32.1 million ($0.20 per share), and Adjusted EBITDA of $61.7 million. Full-year net income attributable to Rayonier of $474.4 million ($3.03 per share), pro forma net income of $89.2 million ($0.57 per share), and Adjusted EBITDA of $248.0 million Successfully completed the merger of equals with PotlatchDeltic (January 30, 2026), creating a leading land resources REIT. Since November 2023 announcement of initiatives to enhance shareholder value, returned over $235 million of capital to shareholders in the form of special cash dividends and share repurchases, while reduci
- Rayonier and PotlatchDeltic Announce Stockholder Approvals for MergerMerger expected to close after market close on January 30, 2026 Rayonier (NYSE:RYN) and PotlatchDeltic (NASDAQ:PCH) today announced that their respective stockholders approved all the proposals necessary to close their previously announced merger. The final voting results on the proposals voted on at the special meetings will be set forth in each company's separate Form 8-Ks filed with the U.S. Securities and Exchange Commission. The merger is expected to be completed after market close on January 30, 2026, subject to the satisfaction or waiver of customary closing conditions. If the merger is completed, each share of PotlatchDeltic common stock outstanding immediately prior to the me
- Rayonier Scheduled to Release Fourth Quarter Earnings on February 11Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2025 earnings after the market closes on Wednesday, February 11, 2026. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 12 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. The conference call can be accessed by registering online at Q4 2025 Rayonier Earnings Call Webcast, at which time registrants will receive dial-in information. About Rayonier Rayonier is a leading timberland real estate inves
- Rayonier Scheduled to Release Third Quarter Earnings on November 5Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2025 earnings after the market closes on Wednesday, November 5, 2025. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, November 6 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Saturday, Decembe
- Rayonier and PotlatchDeltic to Combine in an All-Stock Merger of Equals to Create a Leading Land Resources REITCombined Company will have a Diversified Timberland Portfolio Comprising ~4.2 Million Acres Efficient and Scalable Wood Products Manufacturing Business with 1.2 Billion Board Feet of Lumber Capacity and 150 Million Square Feet of Plywood Capacity Established Real Estate Development and HBU Platform with Significant Runway for Value Creation Significantly Increased Scale to Drive Future Growth in Land-Based and Natural Climate Solutions Compelling Financial Benefits with Anticipated Run-Rate Synergies of $40 Million Annually Strong Pro Forma Balance Sheet Well-Positioned for Opportunistic Capital Allocation Transaction Expected to Close in Late First Quarter or Early Second Quart
- Rayonier Reports Second Quarter 2025 ResultsSecond quarter net income attributable to Rayonier of $408.7 million ($2.63 per share), pro forma net income of $9.6 million ($0.06 per share), and Adjusted EBITDA of $44.9 million. On track to achieve full-year Adjusted EBITDA and pro forma EPS consistent with prior guidance range. Completed previously announced disposition of New Zealand Timber and Log Trading businesses. Repurchased 1.5 million shares for $34.9 million, or $23.71 per share. Quarter-end cash balance of $892.3 million provides significant capital allocation flexibility. Rayonier Inc. (NYSE:RYN) today reported second quarter net income attributable to Rayonier of $408.7 million, or $2.63 per share, on revenu
- Rayonier Scheduled to Release Second Quarter Earnings on August 6Rayonier Inc. (NYSE:RYN) plans to release its second quarter 2025 earnings after the market closes on Wednesday, August 6, 2025. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, August 7 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Sunday, September 7,
- Rayonier Reports First Quarter 2025 ResultsFirst quarter results and revised 2025 guidance reflect reclassification of New Zealand operations to discontinued operations following the Company's previously announced agreement to sell its New Zealand joint venture interest (i.e., New Zealand results have been excluded from Adjusted EBITDA and pro forma financial metrics); prior year periods have also been retrospectively adjusted. First quarter net loss attributable to Rayonier of $3.4 million (($0.02) per share), pro forma net loss of $2.7 million (($0.02) per share), and Adjusted EBITDA of $27.1 million. Revising full-year 2025 guidance to account for discontinued operations treatment of New Zealand operations and updated outloo
- Rayonier Scheduled to Release First Quarter Earnings on April 30Rayonier Inc. (NYSE:RYN) plans to release its first quarter 2025 earnings after the market closes on Wednesday, April 30, 2025. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, May 1 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Sunday, June 1, 2025, by d
- Rayonier Reports Fourth Quarter 2024 ResultsFourth quarter net income attributable to Rayonier of $327.1 million ($2.15 per share), pro forma net income of $41.1 million ($0.27 per share), and Adjusted EBITDA of $115.1 million Full-year net income attributable to Rayonier of $359.1 million ($2.39 per share), pro forma net income of $69.9 million ($0.47 per share), and Adjusted EBITDA of $298.8 million Closed $495 million of previously announced Large Dispositions during the fourth quarter Since November 2023 announcement of Initiatives to Enhance Shareholder Value, completed $737 million of Large Dispositions, returned over $110 million of capital to shareholders in the form of special cash dividends and share repurchases,
- Rayonier Scheduled to Release Fourth Quarter Earnings on February 5Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2024 earnings after the market closes on Wednesday, February 5, 2025. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 6 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Friday, March 7,
- Rayonier Reports Third Quarter 2024 ResultsThird quarter net income attributable to Rayonier of $28.8 million ($0.19 per share) on revenues of $195.0 million Third quarter pro forma net income of $18.1 million ($0.12 per share) Third quarter operating income of $27.6 million, pro forma operating income of $28.5 million, and Adjusted EBITDA of $71.8 million Year-to-date cash provided by operations of $173.8 million and cash available for distribution (CAD) of $105.7 million Updating full-year Adjusted EBITDA guidance to reflect current outlook and disposition activity announced concurrent with this release Rayonier Inc. (NYSE:RYN) today reported third quarter net income attributable to Rayonier of $28.8 million, or $0.19 p
- Rayonier Scheduled to Release Third Quarter Earnings on November 6Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2024 earnings after the market closes on Wednesday, November 6, 2024. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, November 7 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Friday, December 6,
- Rayonier Reports Second Quarter 2024 ResultsSecond quarter net income attributable to Rayonier of $1.9 million ($0.01 per share) on revenues of $173.6 million Second quarter pro forma net income of $3.7 million ($0.02 per share) Second quarter operating income of $12.4 million, pro forma operating income of $13.1 million, and Adjusted EBITDA of $55.7 million Year-to-date cash provided by operations of $107.6 million and cash available for distribution (CAD) of $59.6 million Rayonier Inc. (NYSE:RYN) today reported second quarter net income attributable to Rayonier of $1.9 million, or $0.01 per share, on revenues of $173.6 million. This compares to net income attributable to Rayonier of $19.0 million, or $0.13 per share, o
- Rayonier Scheduled to Release Second Quarter Earnings on August 7Rayonier Inc. (NYSE:RYN) plans to release its second quarter 2024 earnings after the market closes on Wednesday, August 7, 2024. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, August 8 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Sunday, September 8,
- Rayonier Reports First Quarter 2024 ResultsFirst quarter net income attributable to Rayonier of $1.4 million ($0.01 per share) on revenues of $168.1 million First quarter pro forma net income of $7.0 million ($0.05 per share) First quarter operating income of $16.2 million and Adjusted EBITDA of $56.2 million First quarter cash provided by operations of $52.3 million and cash available for distribution (CAD) of $36.8 million Rayonier Inc. (NYSE:RYN) today reported first quarter net income attributable to Rayonier of $1.4 million, or $0.01 per share, on revenues of $168.1 million. This compares to net income attributable to Rayonier of $8.3 million, or $0.06 per share, on revenues of $179.1 million in the prior year quar
- Rayonier Scheduled to Release First Quarter Earnings on May 1Rayonier Inc. (NYSE:RYN) plans to release its first quarter 2024 earnings after the market closes on Wednesday, May 1, 2024. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, May 2 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Saturday, June 1, 2024, by
- Rayonier Reports Fourth Quarter 2023 ResultsFourth quarter net income attributable to Rayonier of $126.9 million ($0.85 per share) on revenues of $467.4 million Fourth quarter pro forma net income of $25.4 million ($0.17 per share) on pro forma revenues of $225.2 million Fourth quarter operating income of $145.2 million, pro forma operating income of $40.1 million, and Adjusted EBITDA of $93.7 million Full-year net income attributable to Rayonier of $173.5 million ($1.17 per share) on revenues of $1.1 billion Full-year pro forma net income of $53.5 million ($0.36 per share) on pro forma revenues of $814.7 million Full-year operating income of $211.3 million, pro forma operating income of $108.5 million, and Adjusted E
- Rayonier Scheduled to Release Fourth Quarter Earnings on January 31Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2023 earnings after the market closes on Wednesday, January 31, 2024. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 1 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Friday, March 1,
- Rayonier Reports Third Quarter 2023 ResultsThird quarter net income attributable to Rayonier of $19.2 million ($0.13 per share) on revenues of $201.6 million Third quarter operating income of $35.4 million and Adjusted EBITDA of $78.9 million Year-to-date cash provided by operations of $208.9 million and cash available for distribution (CAD) of $113.5 million Full-year Adjusted EBITDA expected to be toward higher end of prior guidance range Rayonier Inc. (NYSE:RYN) today reported third quarter net income attributable to Rayonier of $19.2 million, or $0.13 per share, on revenues of $201.6 million. This compares to net income attributable to Rayonier of $20.6 million, or $0.14 per share, on revenues of $195.3 million in t
- Rayonier Scheduled to Release Third Quarter Earnings on November 1Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2023 earnings after the market closes on Wednesday, November 1, 2023. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, November 2 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Saturday, Decembe
- Rayonier Reports Second Quarter 2023 ResultsSecond quarter net income attributable to Rayonier of $19.0 million ($0.13 per share) on revenues of $208.9 million Second quarter pro forma net income of $7.8 million ($0.05 per share) Second quarter operating income of $20.1 million, pro forma operating income of $20.1 million, and Adjusted EBITDA of $69.2 million Year-to-date cash provided by operations of $126.3 million and cash available for distribution (CAD) of $62.7 million Rayonier Inc. (NYSE:RYN) today reported second quarter net income attributable to Rayonier of $19.0 million, or $0.13 per share, on revenues of $208.9 million. This compares to net income attributable to Rayonier of $24.1 million, or $0.16 per share,
- Rayonier Scheduled to Release Second Quarter Earnings on August 2Rayonier Inc. (NYSE:RYN) plans to release its second quarter 2023 earnings after the market closes on Wednesday, August 2, 2023. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, August 3 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Sunday, September 3,
- Rayonier Reports First Quarter 2023 ResultsFirst quarter net income attributable to Rayonier of $8.3 million ($0.06 per share) on revenues of $179.1 million First quarter pro forma net income of $1.1 million ($0.01 per share) First quarter operating income of $10.6 million, pro forma operating income of $12.9 million, and Adjusted EBITDA of $54.7 million First quarter cash provided by operations of $64.0 million and cash available for distribution (CAD) of $30.0 million Rayonier Inc. (NYSE:RYN) today reported first quarter net income attributable to Rayonier of $8.3 million, or $0.06 per share, on revenues of $179.1 million. This compares to net income attributable to Rayonier of $29.3 million, or $0.20 per share, on re
- Rayonier Scheduled to Release First Quarter Earnings on May 3Rayonier Inc. (NYSE:RYN) plans to release its first quarter 2023 earnings after the market closes on Wednesday, May 3, 2023. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, May 4 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Sunday, June 4, 2023, by di
- Rayonier Scheduled to Release Fourth Quarter Earnings on February 1Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2022 earnings after the market closes on Wednesday, February 1, 2023. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, February 2 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Friday, March 3, 2
- Rayonier Scheduled to Release Third Quarter Earnings on November 2Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2022 earnings after the market closes on Wednesday, November 2, 2022. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, November 3 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Saturday, December
- Rayonier Scheduled to Release Second Quarter Earnings on August 3Rayonier Inc. (NYSE:RYN) plans to release its second quarter 2022 earnings after the market closes on Wednesday, August 3, 2022. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, August 4 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Saturday, September 3,
- Rayonier Reports First Quarter 2022 ResultsFirst quarter net income attributable to Rayonier of $29.3 million ($0.20 per share) on revenues of $222.0 million First quarter operating income of $45.3 million and Adjusted EBITDA of $98.1 million First quarter cash provided by operations of $49.7 million and cash available for distribution (CAD) of $64.5 million Rayonier Inc. (NYSE:RYN) today reported first quarter net income attributable to Rayonier of $29.3 million, or $0.20 per share, on revenues of $222.0 million. This compares to net income attributable to Rayonier of $10.8 million, or $0.08 per share, on revenues of $191.4 million in the prior year quarter. The following table summarizes the current quarter and comparable
- Rayonier Scheduled to Release First Quarter Earnings on May 4Rayonier Inc. (NYSE:RYN) plans to release its first quarter 2022 earnings after the market closes on Wednesday, May 4, 2022. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (ET) on Thursday, May 5 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Sunday, June 5, 2022, by dial
- Rayonier Reports Fourth Quarter 2021 ResultsFourth quarter net income attributable to Rayonier of $8.7 million ($0.06 per share) on revenues of $262.0 million Fourth quarter pro forma net income of $2.0 million ($0.01 per share) on pro forma revenues of $191.0 million Fourth quarter operating income of $33.5 million, pro forma operating income of $14.4 million and Adjusted EBITDA of $50.4 million Full-year net income attributable to Rayonier of $152.6 million ($1.08 per share) on revenues of $1.1 billion Full-year pro forma net income of $94.1 million ($0.67 per share) on pro forma revenues of $863.1 million Full-year operating income of $269.8 million, pro forma operating income of $161.6 million and Adjusted EBITDA of $3
- Rayonier Scheduled to Release Fourth Quarter Earnings on February 2Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2021 earnings after the market closes on Wednesday, February 2, 2022. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (EST) on Thursday, February 3 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Wednesday, March
- Rayonier Reports Third Quarter 2021 ResultsThird quarter net income attributable to Rayonier of $75.8 million ($0.53 per share) on revenues of $364.7 million Third quarter pro forma net income of $50.3 million ($0.35 per share) on pro forma revenues of $251.8 million Third quarter operating income of $123.3 million, pro forma operating income of $67.4 million and Adjusted EBITDA of $114.6 million Year-to-date cash provided by operations of $277.4 million and cash available for distribution (CAD) of $203.9 million Rayonier Inc. (NYSE:RYN) today reported third quarter net income attributable to Rayonier of $75.8 million, or $0.53 per share, on revenues of $364.7 million. This compares to net loss attributable to Rayonier of $
- Rayonier Scheduled to Release Third Quarter Earnings on November 3Rayonier Inc. (NYSE:RYN) plans to release its third quarter 2021 earnings after the market closes on Wednesday, November 3, 2021. Rayonier will host a conference call and live audio webcast at 10:00 a.m. (EDT) on Thursday, November 4 to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.rayonier.com. A replay of the webcast will be archived on the Company's website and available shortly after the call. Investors may listen to the conference call by dialing 888-604-9366 (domestic) or 517-308-9338 (international), passcode: RAYONIER. A replay of the conference call will be available one hour following the call until Friday, December 3
- Rayonier Reports Second Quarter 2021 ResultsSecond quarter net income attributable to Rayonier of $57.2 million ($0.41 per share) on revenues of $291.4 million Second quarter pro forma net income of $31.0 million ($0.22 per share) on pro forma revenues of $240.7 million Second quarter operating income of $84.4 million, pro forma operating income of $52.5 million and Adjusted EBITDA of $95.3 million Year-to-date cash provided by operations of $164.6 million and cash available for distribution (CAD) of $110.8 million Rayonier Inc. (NYSE:RYN) today reported second quarter net income attributable to Rayonier of $57.2 million, or $0.41 per share, on revenues of $291.4 million. This compares to net income attributable to Rayonier