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Rayonier RYN Real Estate — Lease Revenue

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Other financials

Income statement

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Revenue$276.8M+234%
Gross profit$46.5M+158%
Operating income-$45.7M-77,478%
Net income-$12.4M-263%
EPS (diluted)-$0.05-150%

Balance sheet

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Cash & equivalents$681.7M+215%
Total debt$2.3B+82.2%
Total equity$5.3B+178%
Total assets$7.7B+131%

Cash flow

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Operating cash flow$34.6M+24.9%
CapEx$4.9M+28.6%
Free cash flow$29.7M+24.3%

Valuation

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Market cap$6.62B+78.3%
Enterprise value$8.24B+102%
P/E14.2×+9.4×
P/S9.8×+5.9×

Profitability

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Gross margin27.4%-17.6pp
Operating margin5.5%-31.6pp
Net margin68.6%+31.6pp
FCF margin37.9%+19.9pp

Returns & leverage

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Return on equity12.8%-6.1pp
Debt / equity0.4×-0.2×
Current ratio2.5×-0.2×

Where this comes from

Reported directly by Rayonier in its filing.

Tagged under the XBRL concept us-gaap:LeaseIncome.

The source filing: Rayonier’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 5:14 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000052827-26-000078
Three Months Ended / March 31, 2026Southern TimberNorthwest TimberWood ProductsReal EstateElim.Total
Deferred Revenue/Other (b)3,4993,499
Total Real Estate Sales59,51859,518
Revenue from Contracts with Customers81,05227,469108,48359,518276,522
Lease Revenue265265
Intersegment (c)7,6414,599(12,240)
Total Revenue$88,693$32,068$108,483$59,783($12,240)$276,787
Three Months EndedSouthern TimberNorthwest TimberWood ProductsReal EstateElim.Total
March 31, 2025

Item 1. Financial Statements

FAQ

What is Rayonier's real estate — lease revenue?
Rayonier (RYN) reported real estate — lease revenue of $265K in Q1 2026.
How has Rayonier's real estate — lease revenue changed year-over-year?
Rayonier's real estate — lease revenue decreased by 14.2% year-over-year, from $309K to $265K.
What is the long-term trend for Rayonier's real estate — lease revenue?
Over 4 years (2021 to 2025), Rayonier's real estate — lease revenue has grown at a 5.9% compound annual growth rate (CAGR), from $1.15M to $1.45M.
What does real estate — lease revenue mean?
This metric tracks the recurring income generated from leasing land or property assets within the real estate segment. It serves as a stable, non-transactional revenue stream that complements the more volatile income from outright land sales.

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