Rayonier Inc at Raymond James Institutional Investors Conference Transcript

Mar 06, 2023 / 09:00PM GMT
Buck Horne - Raymond James & Associates, Inc., Research Division - SVP of Equity Research

Thank you, everybody, for joining us on this afternoon session. My name is Buck Horne. I'm the Raymond James Housing and Timber REIT analyst and also cover basically all things residential in our coverage.

So really appreciative for the team from Rayonier for joining us, some friends and former colleagues of ours, Mark McHugh, the CFO of Rayonier; and Collin Mings, VP Investor Relations -- and a lot of other things going on. So we do appreciate the participation. Rayonier is the second largest Timber REIT in North America.

And again, seeing a significant kind of disconnect between private market and public market valuations of timberland assets and we think opening up an increasingly intriguing window of opportunity to understand what investor expectations are around this. Obviously, there are some things happening around carbon optionality and carbon pricing and ancillary revenue. So timber has become an increasingly popular asset class for a variety of investors, but yet for various reasons,

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