---
title: "Rayonier Q4 adjusted EPS eases past estimates"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275659097.md"
datetime: "2026-02-11T21:19:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275659097.md)
  - [en](https://longbridge.com/en/news/275659097.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275659097.md)
---

# Rayonier Q4 adjusted EPS eases past estimates

)

Overview

-   Land resources REIT’s Q4 revenue and adjusted EPS beat analyst expectations
-   Company completed merger with PotlatchDeltic, forming a leading land resources REIT
-   Q4 adjusted EBITDA beat estimates, driven by core segment performance

Outlook

-   Rayonier expects Southern Timber harvest volumes of 12.1 to 12.6 mln tons in 2026
-   Company anticipates Northwest Timber log pricing to be higher in 2026
-   Rayonier forecasts Real Estate Adjusted EBITDA of $180 to $200 mln for 2026

Result Drivers

-   MERGER COSTS - Rayonier’s Q4 results were affected by $6.3 mln in costs related to the merger with PotlatchDeltic
-   SOUTHERN TIMBER - Adjusted EBITDA fell 8% due to lower stumpage realizations and non-timber income, despite higher harvest volumes
-   REAL ESTATE SALES DROP - Real Estate segment sales and operating income fell sharply due to fewer acres sold and absence of large dispositions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $117.50 $110.06

Revenue mln mln (5

Analysts

)

Q4 Beat $0.20 $0.11 (5

Adjusted Analysts

### EPS )

### Q4 EPS $0.16

Q4 Beat $32.10 $18.84

Adjusted mln mln (4

Net Analysts

Income )

Q4 Net $25.90

Income mln

Q4 Beat $61.70 $55.35

Adjusted mln mln (5

EBITDA Analysts

)

Q4 $27 mln

Operatin

g Income

Analyst Coverage

-   The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 1 “strong buy” or “buy”, 4 “hold” and no “sell” or “strong sell”
-   The average consensus recommendation for the specialized reits peer group is “buy.”
-   Wall Street’s median 12-month price target for Rayonier Inc is $26.00, about 15.9% above its February 10 closing price of $22.43
-   The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 42 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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