Rayonier Inc.

Rayonier Inc. completes the acquisition of Pope Resources, A Delaware Limited Partnership. Unitholders of Pope Resources approved the transaction at a special meeting of unitholders held on May 5, 2020.

Rayonier Inc. reported 1Q 2020 net income of $25.9 million, or $0.20 per share, on revenues of $259.1 million. This compares to net income of $24.8 million, or $0.19 per share, on revenues of $191.5 million in the prior year quarter.

Rayonier Inc. reported 4Q 2019 net income of $16 million, or $0.12 per share, on revenues of $178.8 million. This compares to net income of $2 million, or $0.02 per share, on revenues of $166.1 million in the prior year quarter.