Rayonier Inc (RYN)
Official siteREAL ESTATE • REIT - SPECIALTY • NYSE
Market Cap: $6.10B
Last updated: Sep 01, 2026 at 10:00 AM ET
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The LAND Framework: How I Find Assets The Market Can't Properly Value
GAAP hides value - Texas Pacific's ~800,000 acres sit on the balance sheet at a carrying value of zero, yet the trust is worth roughly $26 billion, illustrating persistent mispricing Proprietary LAND scorecard identifies priorities - Texas Pacific Land (TPL) 92, LandBridge (LB) 81, Rayonier (RYN) 76, Whirlpool (WHR) 11, use as initial sourcing signal LAND is a mispricing detector, not a quality test - screen for assets carried below market, then apply TOLL+M to determine whether the underlying business warrants ownership Locked Supply and Accounting Gap are decisive - replication must be mechanically impossible, and vintage matters because acquisitions reset fair-value accounting and close the gap Nominal Linkage determines real upside - prefer royalties on gross, commodity linkage, or market-rate rent resets; fixed low escalators often fail to protect cash flow from inflation
Rayonier: Why a Beaten Down Timber REIT May Be Worth Far More Than Its Stock Price Suggests
Price at $20.87 vs GNG fair value $33.22, implying a 37.2% discount, GNG rates Strong Buy while GNG quant scores 49.5/100 (Hold) and consensus street upside ~24% Jan 30, 2026 merger with PotlatchDeltic created a 4.1M acre platform with six sawmills, industrial plywood mill and 1.2B board foot lumber capacity, Rayonier holders ~54%, $40M annual synergy target Trailing DPS $1.42, yield ~6.8% is flattered by a $1.40 special; quarterly dividend reset to $0.26, payout Safety Score ~66.7%, AFFO coverage materially better than FCF - monitor AFFO metrics Higher-and-better-use optionality real and actionable - Q1 sale to solar developer exceeded $10,000/acre, 80k-acre solar option pipeline, plus 1.5M shares repurchased for $31.1M to capture NAV upside Q1 combined GAAP loss $12.4M (-$0.05) included $70.4M pre-tax merger costs, pro forma net income $17.4M ($0.07); key catalysts - lumber recovery, $40M synergies, further land monetizations and buybacks
The Physical Foundation: 10 Stocks Solving AI's Real Bottleneck
Part 3 of 3: This completes our AI series (following Compute & Utilities). We now target the physical backbone: pipes, power, and cooling, the unglamorous infrastructure making AI possible. The Real Bottleneck: 72% of operators cite grid capacity as their #1 challenge. With AI racks drawing 10x power, the constraint isn't chips, it's the physical infrastructure keeping them running. $7 Trillion Opportunity: McKinsey projects $7T in data center spend by 2030; Goldman sees power demand up 165%. These 10 stocks are building the critical capacity that doesn't exist yet. Record Backlogs: Comfort Systems ($8.1B) and Sterling ($2.1B) boast massive backlogs. With book-to-bill ratios >1.2x, these firms have multi-year revenue visibility locked in. Deep Value Anchor: Rayonier (RYN) is our contrarian pick. It offers a +36% margin of safety and a 5% yield, acting as a stable value anchor amidst a portfolio of premium growth names. Vulcan High Scores: All 10 names rank in the top decile (Scores 5.8–8.0) of our systematic framework, blending Quality, Growth, Safety, and high AI-theme intensity.
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Frequently Asked Questions About RYN
- What is RYN's current dividend yield?
- Rayonier Inc (RYN) has a current dividend yield of 5.19%.
- Does RYN pay dividends?
- Yes, Rayonier Inc pays dividends with a current yield of 5.19%.
- What is RYN's P/E ratio?
- Rayonier Inc has a price-to-earnings (P/E) ratio of 29.72.
- What is RYN's market cap?
- Rayonier Inc (RYN) has a market capitalization of $6.10B with a current stock price of $20.50.
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