Rayonier Q4 Call Highlights $115M Adjusted EBITDA and $0.28 Dividend
Rayonier’s Q4 earnings call highlighted adjusted EBITDA of $115 million from its 2.6 million-acre timberland portfolio and approved a quarterly dividend of $0.28 per share. Management reiterated full-year 2026 guidance for 3–5% NAV growth and timber sale volumes near 1.2 billion board feet.
1. Q4 Financial Performance
Rayonier reported Q4 adjusted EBITDA of $115 million, driven by strong lumber and cellulose specialty segment results within its 2.6 million-acre U.S. and New Zealand timberland portfolio. Net income stood at $40 million, reflecting stable harvest volumes and favorable selling prices.
2. Dividend and 2026 Outlook
The board approved a quarterly dividend of $0.28 per share, consistent with prior distributions. Management maintained full-year 2026 guidance calling for 3–5% NAV growth and projected timber sale volumes of approximately 1.2 billion board feet, underpinned by disciplined harvest schedules and ongoing cost management.