Rayonier Inc
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. As of June 30, 2025, Rayonier owned or leased under long-term agreements approximately 2.0 million acres of timberlands located in the U.S. South (1.72 million acres) and U.S. Pacific Northwest (307,000 acres).
Rayonier Inc (RYN) - Net Assets
Latest net assets as of December 2025: $2.21 Billion USD
Based on the latest financial reports, Rayonier Inc (RYN) has net assets worth $2.21 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.40 Billion) and total liabilities ($1.20 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.21 Billion |
| % of Total Assets | 64.9% |
| Annual Growth Rate | 3.99% |
| 5-Year Change | 15.43% |
| 10-Year Change | 50.32% |
| Growth Volatility | 10.71 |
Rayonier Inc - Net Assets Trend (1993–2025)
This chart illustrates how Rayonier Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rayonier Inc (1993–2025)
The table below shows the annual net assets of Rayonier Inc from 1993 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.25 Billion | +22.80% |
| 2024-12-31 | $1.83 Billion | -6.48% |
| 2023-12-31 | $1.96 Billion | -1.37% |
| 2022-12-31 | $1.99 Billion | +1.90% |
| 2021-12-31 | $1.95 Billion | -2.17% |
| 2020-12-31 | $1.99 Billion | +29.59% |
| 2019-12-31 | $1.54 Billion | -7.07% |
| 2018-12-31 | $1.65 Billion | -2.27% |
| 2017-12-31 | $1.69 Billion | +13.10% |
| 2016-12-31 | $1.50 Billion | +9.93% |
| 2015-12-31 | $1.36 Billion | -13.55% |
| 2014-12-31 | $1.58 Billion | -9.77% |
| 2013-12-31 | $1.75 Billion | +21.67% |
| 2012-12-31 | $1.43 Billion | +8.34% |
| 2011-12-31 | $1.32 Billion | +5.77% |
| 2010-12-31 | $1.25 Billion | +9.32% |
| 2009-12-31 | $1.15 Billion | +23.97% |
| 2008-12-31 | $923.86 Million | -5.83% |
| 2007-12-31 | $981.10 Million | +7.08% |
| 2006-12-31 | $916.26 Million | +3.55% |
| 2005-12-31 | $884.85 Million | +11.11% |
| 2004-12-31 | $796.39 Million | +11.99% |
| 2003-12-31 | $711.11 Million | +0.20% |
| 2002-12-31 | $709.71 Million | +0.13% |
| 2001-12-31 | $708.79 Million | +4.22% |
| 2000-12-31 | $680.10 Million | +4.17% |
| 1999-12-31 | $652.90 Million | +2.18% |
| 1998-12-31 | $639.00 Million | -1.65% |
| 1997-12-31 | $649.70 Million | +1.15% |
| 1996-12-31 | $642.30 Million | -18.51% |
| 1995-12-31 | $788.20 Million | +16.31% |
| 1994-12-31 | $677.70 Million | +5.41% |
| 1993-12-31 | $642.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rayonier Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 37.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $280.90 Million | 12.71% |
| Common Stock | $1.90 Billion | 86.18% |
| Other Comprehensive Income | $24.50 Million | 1.11% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $2.21 Billion | 100.00% |
Rayonier Inc Competitors by Market Cap
The table below lists competitors of Rayonier Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Meinian Onehealth Healthcare Holdings Co Ltd
SHE:002044
|
$2.93 Billion |
|
Polibeli Group Ltd Class A Ordinary Shares
NASDAQ:PLBL
|
$2.93 Billion |
|
Fujian Anjoy Foods Co Ltd
SHG:603345
|
$2.94 Billion |
|
China Resources Microelectronics Ltd
SHG:688396
|
$2.94 Billion |
|
Ipsen S.A
PINK:IPSEF
|
$2.93 Billion |
|
Pennon Group Plc
PINK:PEGRF
|
$2.93 Billion |
|
Eutelsat Group
LSE:ETL
|
$2.93 Billion |
|
Western Union Co
NYSE:WU
|
$2.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rayonier Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,769,312,000 to 2,209,700,000, a change of 440,388,000 (24.9%).
- Net income of 474,400,000 contributed positively to equity growth.
- Dividend payments of 292,100,000 reduced retained earnings.
- Share repurchases of 70,500,000 reduced equity.
- Other comprehensive income increased equity by 34,928,999.
- Other factors increased equity by 293,659,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $474.40 Million | +21.47% |
| Dividends Paid | $292.10 Million | -13.22% |
| Share Repurchases | $70.50 Million | -3.19% |
| Other Comprehensive Income | $34.93 Million | +1.58% |
| Other Changes | $293.66 Million | +13.29% |
| Total Change | $- | 24.89% |
Book Value vs Market Value Analysis
This analysis compares Rayonier Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.46x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.36x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $6.06 | $20.37 | x |
| 1994-12-31 | $5.51 | $20.37 | x |
| 1995-12-31 | $7.62 | $20.37 | x |
| 1996-12-31 | $5.19 | $20.37 | x |
| 1997-12-31 | $6.38 | $20.37 | x |
| 1998-12-31 | $5.57 | $20.37 | x |
| 1999-12-31 | $6.88 | $20.37 | x |
| 2000-12-31 | $7.27 | $20.37 | x |
| 2001-12-31 | $7.63 | $20.37 | x |
| 2002-12-31 | $7.51 | $20.37 | x |
| 2003-12-31 | $7.34 | $20.37 | x |
| 2004-12-31 | $6.94 | $20.37 | x |
| 2005-12-31 | $7.61 | $20.37 | x |
| 2006-12-31 | $7.82 | $20.37 | x |
| 2007-12-31 | $8.29 | $20.37 | x |
| 2008-12-31 | $7.75 | $20.37 | x |
| 2009-12-31 | $9.54 | $20.37 | x |
| 2010-12-31 | $10.27 | $20.37 | x |
| 2011-12-31 | $10.56 | $20.37 | x |
| 2012-12-31 | $11.15 | $20.37 | x |
| 2013-12-31 | $12.69 | $20.37 | x |
| 2014-12-31 | $11.36 | $20.37 | x |
| 2015-12-31 | $10.23 | $20.37 | x |
| 2016-12-31 | $11.49 | $20.37 | x |
| 2017-12-31 | $12.46 | $20.37 | x |
| 2018-12-31 | $12.00 | $20.37 | x |
| 2019-12-31 | $11.11 | $20.37 | x |
| 2020-12-31 | $10.76 | $20.37 | x |
| 2021-12-31 | $12.19 | $20.37 | x |
| 2022-12-31 | $12.42 | $20.37 | x |
| 2023-12-31 | $12.32 | $20.37 | x |
| 2024-12-31 | $11.63 | $20.37 | x |
| 2025-12-31 | $13.92 | $20.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rayonier Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.47%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 97.92%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.54x
- Recent ROE (21.47%) is above the historical average (12.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 8.66% | 5.61% | 0.63x | 2.43x | $-8.13 Million |
| 1994 | 10.68% | 6.55% | 0.71x | 2.31x | $4.48 Million |
| 1995 | 18.49% | 11.29% | 0.76x | 2.14x | $65.36 Million |
| 1996 | -15.78% | -8.35% | 0.74x | 2.56x | $-160.74 Million |
| 1997 | 13.80% | 7.91% | 0.69x | 2.52x | $24.03 Million |
| 1998 | 9.95% | 6.31% | 0.63x | 2.51x | $-300.00K |
| 1999 | 10.52% | 6.63% | 0.45x | 3.49x | $3.41 Million |
| 2000 | 11.50% | 6.37% | 0.57x | 3.18x | $10.18 Million |
| 2001 | 8.13% | 4.94% | 0.58x | 2.86x | $-13.28 Million |
| 2002 | 7.63% | 4.85% | 0.59x | 2.66x | $-16.80 Million |
| 2003 | 7.03% | 4.54% | 0.60x | 2.59x | $-21.14 Million |
| 2004 | 19.70% | 13.00% | 0.62x | 2.43x | $77.26 Million |
| 2005 | 20.66% | 15.49% | 0.64x | 2.08x | $94.35 Million |
| 2006 | 19.25% | 14.35% | 0.63x | 2.14x | $84.79 Million |
| 2007 | 17.76% | 14.23% | 0.59x | 2.12x | $76.16 Million |
| 2008 | 16.08% | 12.06% | 0.59x | 2.26x | $56.20 Million |
| 2009 | 27.29% | 26.74% | 0.52x | 1.97x | $197.97 Million |
| 2010 | 17.38% | 16.55% | 0.56x | 1.89x | $92.40 Million |
| 2011 | 20.84% | 18.54% | 0.58x | 1.94x | $143.57 Million |
| 2012 | 19.42% | 17.74% | 0.50x | 2.18x | $135.22 Million |
| 2013 | 22.52% | 21.78% | 0.46x | 2.23x | $206.74 Million |
| 2014 | 6.67% | 16.45% | 0.25x | 1.65x | $-49.55 Million |
| 2015 | 3.59% | 8.48% | 0.23x | 1.81x | $-82.61 Million |
| 2016 | 15.02% | 26.89% | 0.29x | 1.90x | $70.83 Million |
| 2017 | 9.34% | 18.16% | 0.29x | 1.79x | $-10.51 Million |
| 2018 | 6.56% | 12.52% | 0.29x | 1.79x | $-53.49 Million |
| 2019 | 4.10% | 8.31% | 0.25x | 1.99x | $-84.89 Million |
| 2020 | 2.52% | 4.32% | 0.23x | 2.53x | $-110.33 Million |
| 2021 | 8.61% | 13.75% | 0.31x | 2.05x | $-24.63 Million |
| 2022 | 5.74% | 11.78% | 0.24x | 2.03x | $-79.46 Million |
| 2023 | 9.32% | 16.41% | 0.29x | 1.96x | $-12.56 Million |
| 2024 | 20.30% | 28.44% | 0.36x | 1.96x | $182.22 Million |
| 2025 | 21.47% | 97.92% | 0.14x | 1.54x | $253.43 Million |
Industry Comparison
This section compares Rayonier Inc's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $2,464,316,437
- Average return on equity (ROE) among peers: 25.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rayonier Inc (RYN) | $2.21 Billion | 8.66% | 0.54x | $2.93 Billion |
| American Tower Corp (AMT) | $3.68 Billion | 17.30% | 2.82x | $86.39 Billion |
| Automotive Properties Real Estate Investment Trust (APPTF) | $663.40 Million | 10.85% | 0.79x | $198.09 Million |
| Crown Castle (CCI) | $11.57 Billion | 5.38% | 1.83x | $36.18 Billion |
| DIGITAL CORE REIT (DGTCF) | $1.28 Billion | 16.05% | 0.57x | $460.68 Million |
| Digital Realty Trust Inc (DLR) | $1.56 Billion | 4.33% | 1.10x | $55.29 Billion |
| EPR Properties (EPR) | $1.47 Billion | 0.55% | 0.83x | $4.20 Billion |
| Equinix Inc (EQIX) | $2.75 Billion | 6.84% | 2.77x | $92.84 Billion |
| Charter Hall Social Infrastructure REIT (FKKEF) | $1.43 Billion | 4.96% | 0.49x | $693.51 Million |
| Farmland Partners Inc (FPI) | $333.37K | 175.89% | 109.73x | $467.58 Million |
| Gaming & Leisure Properties (GLPI) | $236.33 Million | 9.70% | 0.13x | $12.88 Billion |