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Rayonier Completes Purchase of 56,300 Acres of Timberland in Washington

JACKSONVILLE, FL (REIT Media) April 8, 2008 - Rayonier (NYSE:RYN) said today that it has completed the previously announced purchase of 56,300 acres of timberland in southwest Washington from Sierra Pacific Industries. After adjustments, the final purchase price was $213.4 million or $3,790 per acre. Rayoniers Washington holdings now total more than 426,000 acres.

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Continue reading Comments (0) Apr.08.2008. 11:38

Rayonier to Purchase 56,300 Acres of Timberland in Washington

JACKSONVILLE, FL (REIT Media) March 12, 2008 - Rayonier (NYSE:RYN) today announced that it has entered into a definitive agreement to purchase approximately 56,300 acres of timberland in southwestern Washington from Sierra Pacific Industries. The purchase, which is expected to close early in the second quarter, is valued at $215 million, ($3,819 per acre), subject to customary adjustments and prorations. It will increase Rayoniers Washington holdings to more than 426,000 acres.

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Continue reading Comments (0) Mar.12.2008. 15:52

Rayonier Fourth Quarter 2007 Earnings Release Schedule

JACKSONVILLE, FL (REIT Media) January 7, 2008 - Rayonier Inc. (NYSE:RYN) plans to release its fourth quarter 2007 earnings on Thursday, January 24, 2008, before the market opens.

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Continue reading Comments (0) Jan.07.2008. 08:50

Plum Creek Schedules Earnings Release and Conference Call for January 28, 2008

SEATTLE, WA (REIT Media) January 4, 2008 - Plum Creek Timber Company, Inc. (NYSE:PCL) will release its fourth quarter 2007 and full year 2007 earnings on Monday, Jan. 28, 2008, following the stock market close.

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Continue reading Comments (0) Jan.04.2008. 08:30

Rayonier Reports Third Quarter 2007 Results

JACKSONVILLE, FL (REIT Media) October 23, 2007 - Rayonier (NYSE:RYN) today reported third quarter net income of $71.5 million, or 90 cents per share. This compares to $33.3 million, or 42 cents per share, in second quarter 2007 and $55.1 million, or 70 cents per share, in third quarter 2006.

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Continue reading Comments (0) Oct.23.2007. 08:00

Rayonier Announces Fourth Quarter 2007 Dividend

JACKSONVILLE, FL (REIT Media) October 19, 2007 - Rayonier (NYSE:RYN) announced today that the companys Board of Directors has declared a fourth quarter cash dividend of 50 cents per common share. The dividend is payable December 31, 2007, to shareholders of record on December 10, 2007.

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Continue reading Comments (0) Oct.19.2007. 12:14

Rayonier Prices Private Placement of $250 Million Senior Exchangeable Notes

JACKSONVILLE, FL (REIT Media) October 11, 2007 - Rayonier (NYSE:RYN) today announced pricing of the offering by its wholly owned subsidiary, Rayonier TRS Holdings Inc. ("TRS"), of $250 million aggregate principal amount of senior exchangeable notes due 2012 through an offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will bear interest at a rate of 3.75% per year.

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Continue reading Comments (0) Oct.11.2007. 09:55