Rayonier Inc at Raymond James Institutional Investors Conference Transcript

Mar 07, 2022 / 07:50PM GMT
Buck Horne - Raymond James & Associates, Inc., Research Division - SVP of Equity Research

All right. I think we're ready to get started for the next presentation. Again, my name is Buck Horne. I'm the housing analyst as well as Timber REIT specialist for Raymond James, and thrilled to be able to bring back some very familiar faces to the Raymond James conference, some former alumni of Raymond James, Mark McHugh is the CFO of Rayonier; and Colin Mings is over there is also alumni of Equity Research at Raymond James. So they've got a lot of experience and know a lot more about trees than even I do.

So with that, Rayonier has been a fantastic story in terms of its -- not only its performance and its returns to shareholders, but also just its environmental stewardship and the growth trajectory of the company. So a lot of good things to talk about is the U.S. South continues to get some traction and looks like more capital inflows are coming into the timber sector, improving valuations.

And of course, the housing backdrop we think, continues to be a significant tailwind for wood demand

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