AI Earnings Predictions for Rayonier Inc. REIT (RYN)

EX-99.1

2 exhibit9911q2026.htm

EX-99.1

Document

Exhibit 99.1

News Release

RAYONIER REPORTS FIRST QUARTER 2026 RESULTS

•First 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.

WILDLIGHT, FL — May 6, 2026 — 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 of ($3.4) million, or ($0.02) per diluted share, on revenues of $82.9 million in the prior year quarter.

The first quarter results included $69.5 million of costs (net of tax) related to the merger with PotlatchDeltic1 and a $0.9 million inventory purchase price adjustment (net of tax) in cost of sales,2 which was partially offset by a $40.3 million income tax benefit from the release of a valuation allowance.3 Excluding these items and adjusting for pro forma net income adjustments attributable to noncontrolling interests,4 first quarter pro forma net income5 was $17.4 million, or $0.07 per share. This compares to pro forma net loss5 of ($2.7) million, or ($0.02) per share, in the prior year period.

The following table summarizes the current quarter and comparable prior year period results. Consolidated results for the first quarter of 2026 include the operations of PotlatchDeltic for the period from January 31, 2026 through March 31, 2026.

Three Months Ended

(millions of dollars, except earnings per share (EPS))March 31, 2026March 31, 2025

$EPS$EPS

Revenues$276.8 $82.9

Net loss attributable to Rayonier($12.4)($0.05)($3.4)($0.02)

Pro forma items net of tax:

Costs related to the merger with PotlatchDeltic1 69.5 0.27 — —

Inventory purchase price adjustment in cost of sales2 0.9 — — —

Tax benefit from valuation allowance release3 (40.3)(0.16)— —

Income from operations of discontinued operations6 — — (2.5)(0.02)

Restructuring charges7 — — 1.1 0.01

Net cost on legal settlements8 — — 1.7 0.01

Pro forma net income (loss) adjustments attributable to noncontrolling interests4 (0.2)— 0.4 —

Pro forma net income (loss)5 $17.4 $0.07 ($2.7)($0.02)

First quarter operating loss was ($45.7) million versus operating income of $0.1 million in the prior year period. First quarter operating loss included $70.4 million of costs related to the merger with PotlatchDeltic1 and a $1.2 million inventory purchase price adjustment in cost of sales.2 Excluding these items, pro forma operating

1 Rayonier Way, Wildlight, FL 32097 904-357-9100

income5 was $25.9 million. This compares to pro forma operating income5 of $1.2 million in the prior year period. First quarter Adjusted EBITDA5 was $94.1 million versus $27.1 million in the prior year period.

The following table summarizes operating income, pro forma operating income,5 and Adjusted EBITDA5 for the current quarter and the comparable prior-year period. The presentation reflects the addition of the Wood Products segment and the renaming of the Pacific Northwest Timber segment following the merger with PotlatchDeltic (as further described below).

Three Months Ended March 31,

Operating (Loss) Income Pro forma Operating Income (Loss)5

Adjusted EBITDA5

(millions of dollars)202620252026202520262025

Southern Timber$12.4 $10.1 $12.4 $10.1 $45.5 $27.0

Northwest Timber(0.4)0.3 (0.4)0.3 8.6 5.9

Wood Products(1.0)— 0.1 — 6.8 —

Real Estate27.4 (1.0)27.4 (1.0)46.2 2.0

Corporate and Other (82.8)(9.3)(12.3)(8.2)(11.8)(7.9)

Intersegment Eliminations9 (1.2)— (1.2)— (1.2)—

Total($45.7)$0.1 $25.9 $1.2 $94.1 $27.1

Cash provided by operating activities was $34.6 million versus $27.7 million in the prior year period. Cash available for distribution (CAD)5 was $90.2 million, which increased $69.9 million versus the prior year period due to higher Adjusted EBITDA5 ($67.1 million) and higher cash interest received (net) ($11.0 million), partially offset by higher capital expenditures ($8.4 million).

“During the first quarter, we generated total Adjusted EBITDA of $94.1 million, reflecting two months of post-merger contribution from the legacy PotlatchDeltic businesses following the successful closing of our merger of equals on January 30th,” said Mark McHugh, President and Chief Executive Officer. “In addition to delivering solid financial results to start the year, I am extremely proud of the collaboration, focus and dedication that our team has demonstrated as we’ve executed on integration initiatives.”

“In our Southern Timber segment, Adjusted EBIT

ryn-2026021100000528270001806931false00000528272026-02-112026-02-110000052827ryn:RayonierLimitedPartnershipMember2026-02-112026-02-11

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)

February 11, 2026

COMMISSION FILE NUMBER 1-6780 (Rayonier Inc.) COMMISSION FILE NUMBER: 333-237246 (Rayonier, L.P.)

RAYONIER INC.

Incorporated in the State of North Carolina I.R.S. Employer Identification Number 13-2607329

RAYONIER, L.P.

Incorporated in the State of Delaware I.R.S. Employer Identification Number 91-1313292 1 Rayonier Way Wildlight, Florida 32097 (Principal Executive Office) Telephone Number: (904) 357-9100 Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each classTrading SymbolExchange Common Shares, no par value, of Rayonier Inc.RYNNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Rayonier Inc.:Emerging growth company☐ Rayonier, L.P.:Emerging growth company☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Rayonier Inc.: ☐

Rayonier, L.P.: ☐

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PAGE

Item 2.02Results of Operations and Financial Condition 1

Item 9.01Financial Statements and Exhibits. 1

Signature 2

ITEM 2.02.Results of Operations and Financial Condition.

On February 11, 2026, Rayonier Inc. issued a press release announcing financial results for the quarter ended December 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The information in this Item 2.02, including the accompanying exhibit, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 2.02 shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

ITEM 9.01.Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.Exhibit Description 99.1  Press release dated February 11, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

1

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

RAYONIER INC.

BY:/s/ APRIL TICE April Tice Senior Vice President and Chief Accounting Officer

RAYONIER, L.P.

By: RAYONIER INC., its sole general partner

BY:/s/ APRIL TICE April Tice Senior Vice President and Chief Accounting Officer

February 11, 2026

2

ryn-2025110500000528270001806931false00000528272025-11-052025-11-050000052827ryn:RayonierLimitedPartnershipMember2025-11-052025-11-05

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)

November 5, 2025

COMMISSION FILE NUMBER 1-6780 (Rayonier Inc.) COMMISSION FILE NUMBER: 333-237246 (Rayonier, L.P.)

RAYONIER INC.

Incorporated in the State of North Carolina I.R.S. Employer Identification Number 13-2607329

RAYONIER, L.P.

Incorporated in the State of Delaware I.R.S. Employer Identification Number 91-1313292 1 Rayonier Way Wildlight, Florida 32097 (Principal Executive Office) Telephone Number: (904) 357-9100 Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each classTrading SymbolExchange Common Shares, no par value, of Rayonier Inc.RYNNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Rayonier Inc.:Emerging growth company☐ Rayonier, L.P.:Emerging growth company☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Rayonier Inc.: ☐

Rayonier, L.P.: ☐

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PAGE

Item 2.02Results of Operations and Financial Condition 1

Item 9.01Financial Statements and Exhibits. 1

Signature 2

ITEM 2.02.Results of Operations and Financial Condition.

On November 5, 2025, Rayonier Inc. issued a press release announcing financial results for the quarter ended September 30, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein. The information in this Item 2.02, including the accompanying exhibit, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 2.02 shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

ITEM 9.01.Financial Statements and Exhibits.

(d)Exhibits.

Exhibit No.Exhibit Description 99.1  Press release dated November 5, 2025.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

1

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

RAYONIER INC.

BY:/s/ APRIL TICE April Tice Senior Vice President and Chief Financial Officer

RAYONIER, L.P.

By: RAYONIER INC., its sole general partner

BY:/s/ APRIL TICE April Tice Senior Vice President and Chief Financial Officer

November 5, 2025

2