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Stock impact report

Rayonier Announces Timberland Dispositions Totaling $495 Million

Rayonier Inc. REIT (RYN) 
Last rayonier inc. reit earnings: 4/29 04:11 pm Check Earnings Report
Company Research Source: Business Wire
Four separate transactions comprising ~91,000 acres in Oklahoma and ~109,000 acres in WashingtonAggregate sale value represents multiple of 45x three-year average EBITDA*Transactions capitalize on public-private valuation disparity and generate significant proceeds for de-leveraging and return of capital to shareholdersPro forma Net Debt to pro forma Adjusted EBITDA* expected to decline to ~2.8x WILDLIGHT, Fla.--(BUSINESS WIRE)--Rayonier Inc. (NYSE:RYN) today announced completed and pending timberland dispositions totaling ~200,000 acres for an aggregate purchase price of $495 million (~$2,475/acre) as part of its previously announced asset disposition and capital structure realignment plan. The dispositions consist of approximately 91,000 acres in Southeast Oklahoma and 109,000 acres on the Olympic Peninsula in Northwest Washington. The properties were sold through four separate transactions to high-caliber institutional investors. Three of these transactions (comprising ~75% of t Show less Read more
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