Morningstar

Morningstar, Inc.

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Rayonier's timberland holdings give the firm significant leverage to U.S. housing. We expect housing starts to rise over the next several years as favorable demographics and fading financial constraints catalyze stronger household formation. U.S. lumber consumption should surge accordingly. With lumber imports from Canada unlikely to return to historical norms due to the mountain pine beetle's devastation of British Columbian forests, U.S. lumber production will need to rise faster than U.S…

Rayonier managed a decent start to 2019, with strong performance in the U.S. South offsetting weakness in the Pacific Northwest. The company's performance in New Zealand was flat versus the prior-year period. With trade tensions still high between the United States and China, export demand for logs out of the Pacific Northwest declined substantially, weighing on prices. However, margin erosion in the Pacific Northwest was partially offset by a strong quarter in the U.S. South, where increased…

United States

Rayonier Inc. is an international forestry products company.  The Company produces and sells cellulosic fibers, standing timber, real estate, and timberland acreage.  Rayonier also produces logs and wood products, and medium density fiberboard, as well as owns, leases, and manages timberland and provides related management services.

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