What smart money is saying about Rayonier, Inc.
4 funds in our archive have pitched Rayonier, Inc. — most recently Longleaf Partners Fund in March 2026.
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a look-through basis, the Company's ownership in the timber fund business equates to approximately 17,000 acres.
Fund coverage · 4 theses
- Longleaf Partners FundMarch 2026
Rayonier is a timberland owner with inflation-hedging assets, a strong balance sheet, and value-creation levers like asset sales and buybacks post-merger.
Read the full thesis - The Davenport FundsMarch 2026
Rayonier is a timber REIT with large land holdings, discounted asset value, housing recovery upside, and a 5% dividend yield.
Read the full thesis - Palm Valley CMMarch 2026
Rayonier is a large timberland REIT trading at a discount to asset value with cash flows from timber and HBU land sales and buybacks offering inflation-hedge characteristics.
Read the full thesis - Third Avenue Management Real Estate Value FundDecember 2025
Rayonier is a major U.S. timberland owner executing divestitures, a special dividend, and a merger with PotlatchDeltic to drive efficiencies and scale across timber and resource assets.
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