Core Viewpoint - The article discusses the investment potential of UPMKF shares, highlighting the author's long position in the stock and expressing a positive outlook on its performance [1]. Group 1: Company Insights - UPMKF is positioned favorably in the market, with the author indicating a beneficial long position through various means such as stock ownership and derivatives [1]. - The article emphasizes the importance of conducting thorough due diligence and research before making any investment decisions related to UPMKF [2]. Group 2: Investment Considerations - The author notes that short-term trading and options trading can be extremely risky, suggesting that these strategies may not be suitable for investors with limited capital or experience [2]. - There is a mention of specific risks associated with investing in European and Scandinavian stocks, including withholding tax risks that investors should be aware of [2].

Group 1 - The company High Yield Landlord is positioning itself for a market shift and offers access to its Top Picks for 2026, supported by over 500 five-star reviews and a 30-day money-back guarantee [1] - Jussi Askola, President of Leonberg Capital, leads the investing group High Yield Landlord, which focuses on REIT investing and provides real-time updates on its portfolio and transactions [2] Group 2 - The investing group features three distinct portfolios: core, retirement, and international, along with buy/sell alerts and a chat room for direct interaction with analysts [2]

Company Overview - Rayonier Inc. (NYSE:RYN) has completed its merger with PotlatchDeltic, resulting in a larger timberland REIT with enhanced scale and diversification [1] - The combined entity will initially retain the Rayonier name and trade under the ticker "RYN," with a new name and ticker expected in Q1 2026 [1] Market Position and Strategy - The merger significantly expands Rayonier's timberland footprint in key softwood regions in the U.S. and New Zealand, strengthening its competitive positioning and long-term asset base [1] - The company is well-positioned to benefit from improving pricing dynamics in the packaging and construction markets due to added scale and operational synergies from the merger [4] Financial Insights - Truist has lowered its price target for Rayonier to $26 from $28 while maintaining a Hold rating, citing challenges in packaging volumes in early 2026 [3] - Despite the challenges, Rayonier generates cash flow from both timber and real estate operations, providing investors with exposure to hard assets that have inflation-hedging characteristics [3] Investment Potential - Rayonier appears attractive for investors seeking durable asset-backed growth and income potential, supported by long-term demand drivers in its markets [4]

Financial Data and Key Metrics Changes - The company reported full-year Adjusted EBITDA of $248 million for 2025, an 8% increase from 2024, exceeding prior guidance [5][6] - Fourth-quarter Adjusted EBITDA was $62 million, down from $95 million in the prior year period [10][6] - Pro forma net income for the full year was $89 million, or $0.57 per share, while fourth-quarter pro forma net income was $32 million, or $0.20 per share [6][9] Business Line Data and Key Metrics Changes - Southern Timber segment generated fourth-quarter Adjusted EBITDA of $32 million, down 8% year-over-year due to lower net stumpage realizations [7][12] - Pacific Northwest Timber segment reported fourth-quarter Adjusted EBITDA of $5 million, a 24% decline from the prior year, primarily due to a 26% decrease in harvest volumes [16][12] - Real estate segment achieved full-year Adjusted EBITDA of $127 million, significantly above guidance, with fourth-quarter Adjusted EBITDA of $33 million [18][19] Market Data and Key Metrics Changes - The company noted that rural HBU markets remained strong, contributing to the real estate segment's performance [6][19] - Pulpwood pricing in the Atlantic region faced downward pressure due to increased supply and mill closures, impacting overall demand [15][52] - The Pacific Northwest is expected to see tightening log markets due to improving demand from sawmills and constraints on Canadian supply [18][17] Company Strategy and Development Direction - The merger with PotlatchDeltic is expected to create a premier land resources company with a diversified timberland portfolio and enhanced operational efficiencies [3][4] - The company plans to focus on disciplined capital allocation and synergies from the merger to create long-term shareholder value [4][29] - The leadership team is implementing best practices from both companies to optimize organizational structure and enhance operational efficiency [4][29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term value creation potential from the merger, despite current market challenges in timber and lumber [28][29] - The company anticipates improved demand and pricing in local markets as sawmills ramp up production in response to higher lumber prices [15][18] - Management highlighted the importance of addressing the underbuilt housing stock in the U.S. as a long-term driver for timber demand [52] Other Important Information - The company repurchased approximately 110,000 shares at an average price of $26.31 per share prior to the merger announcement [11] - The company paid a special dividend of $1.40 per share due to taxable gains from the sale of its New Zealand joint venture [11] - The company finished 2025 with $843 million in cash and $1.1 billion in debt, maintaining a conservative leverage profile [12] Q&A Session Summary Question: Can you provide insights on the drivers for real estate sales in 2026? - Management noted that real estate sales are lumpy and significantly impacted by larger transactions, with strong premiums to timberland value driving performance [34][36] Question: What factors influenced the initial harvest guidance for the combined companies? - Management indicated that the guidance reflects a partial year contribution from PotlatchDeltic and aligns with Rayonier's historical sustainable yield [48][49] Question: Are there signs of stabilization in the pulpwood market? - Management acknowledged challenges in the southern timber segment but expressed optimism for long-term demand growth due to housing market dynamics [51][52] Question: What is the company's stance on M&A opportunities in the current market? - Management stated that while the timberland M&A market remains competitive, the focus is on share repurchases as the best use of capital at this time [60][61] Question: How does the company view the integration of wood products within the timberlands portfolio? - Management believes that the integrated model will benefit shareholders over time, with a focus on evaluating investment opportunities based on return potential [76][77]

Rayonier (NYSE:RYN) Q4 2025 Earnings call February 12, 2026 10:00 AM ET Company ParticipantsApril Tice - SVP and CFOBuck Horne - Managing DirectorCollin Mings - VP of Capital Markets and Strategic PlanningMark McHugh - President and CEOWayne Wasechek - CFOConference Call ParticipantsAnthony Pettinari - Managing Director and Senior Equity AnalystKetan Mamtora - AnalystMark Weintraub - Research AnalystApril TiceHello, everyone. Thank you for joining us, and welcome to the Q4 2025 Rayonier Inc. Earnings Confer ...

Rayonier (NYSE:RYN) Q4 2025 Earnings call February 12, 2026 10:00 AM ET Speaker1Hello, everyone. Thank you for joining us, and welcome to the Q4 2025 Rayonier Inc. Earnings Conference Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. I will now hand the call over to Collin Mings, Vice President of Capital Markets and Strategic Planning. Please ...

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Q4 2025 Financial Supplement February 2026 Safe Harbor Statement Non-GAAP Financial Measures - To supplement Rayonier's financial statements presented in accordance with generally accepted accounting principles in the United States ("GAAP"), Rayonier uses certain non-GAAP measures, including "cash available for distribution," "pro forma sales," "pro forma operating income (loss)," "pro forma net income," and "Adjusted EBITDA," which are defined and further explained in this communication. Reconciliation of ...

分组1 - Rayonier reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, but down from $0.27 per share a year ago, representing an earnings surprise of +66.67% [1] - The company posted revenues of $117.5 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 8.56%, compared to year-ago revenues of $726.3 million [2] - Rayonier has outperformed the S&P 500 with a 3.6% increase in shares since the beginning of the year, while the S&P 500 gained 1.4% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.07 on revenues of $113.55 million, and for the current fiscal year, it is $0.55 on revenues of $490 million [7] - The Zacks Industry Rank for Building Products - Wood is in the bottom 14% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - Rayonier's estimate revisions trend was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6]

Exhibit 99.1 News Release RAYONIER REPORTS FOURTH QUARTER 2025 RESULTS WILDLIGHT, FL — February 11, 2026 — Rayonier Inc. (NYSE:RYN) today reported fourth quarter net income attributable to Rayonier of $25.9 million, or $0.16 per share, on revenues of $117.5 million. This compares to net income attributable to Rayonier of $327.1 million, or $2.15 per share, on revenues of $650.5 million in the prior year quarter. The fourth quarter results included $6.3 million of costs related to the merger with PotlatchDel ...