Rayonier Inc. REIT (RYN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, thank you for joining us and welcome to the Q2 2026 Rainier 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 1 to raise your hand. To withdraw your question, press star 1 again. I will now hand the conference call over to Collin Mings, Vice President of Capital Markets and Strategic Planning. Collin, please go ahead. Thank you and good morning. Welcome to Ray Anear's Investor Teleconference covering second quarter earnings. Our earnings statements and financial supplement were released yesterday afternoon and are available on our website at rayanear.com. Thank you for joining us. Thanks, Colin. Good morning, everyone. Before turning to our second quarter results, I'd like to provide a brief update on our merger of equals with Potlatch Deltic, as well as the two Timberland transactions we announced yesterday, which further advance our portfolio optimization strategy. Since closing the merger in late January, our team has moved quickly to optimize our organizational structure, capture operational efficiencies, and integrate the two companies' cultures into a shared foundation. We also signed a lease on our new corporate headquarters in Atlanta, which we expect to open in early 2027. I'm proud of our team's execution over the past six months. We've made significant progress on integration initiatives, and we remain on track to achieve our run rate synergies targets. Moving to the transactions we announced yesterday, last week we closed two Timberland transactions with Resource Management Service, or RMS. The transactions comprise the sale of approximately 36,000 acres in southwest Washington for $145 million and the concurrent acquisition of a...