From Yahoo Finance: 2025-04-17 11:25:00

Rayonier Inc. (RYN) is trading at $25.06 with a trailing P/E of 10.49 and forward P/E of 44.05. The company recently sold its New Zealand joint venture stake for $710 million, reducing net debt to $132.7 million. RYN owns 1.75 million acres in the U.S. South and 308,000 acres in the Pacific Northwest.

The back-of-the-envelope NAV calculation values RYN’s assets at $5.27 billion, a 27.8% discount to the current market cap. The company is expanding into higher-value land uses like solar and CCS, with 39,000 acres under solar option agreements and 154,000 under CCS leases. Management has authorized a $300 million stock buyback program.

Rural land values are rising, with Rayonier seeing success in solar and real estate development projects. The company is transforming into a land resources business with increasing exposure to higher-value land uses. With strong management, deleveraging efforts, and capital returns on the horizon, RYN offers potential upside for long-term investors.



Read more at Yahoo Finance: Rayonier Inc. (RYN): A Bull Case Theory